Comments on: As Revenue Soars, LinkedIn Announces Plan to Raise Recruiter Rates

By: NEW MEDIA BUSINNES SOLUTIONS Fortnight Feature No. 5 – Social Channels for Businesses

Wed, 15 May 2013 01:13:43 +0000

[...] Recruiter rates increase with revenue surge [...]

By: Maurik Dippel

Maurik Dippel — Sun, 21 Apr 2013 19:42:40 +0000

@everybody. Li’s monopoly and many interviews with internal/external recruiters inspired us to found Katch. Katch enables just-in-time feedback from your professional network, building your reputation, a vetted one this time. We will easify the way to connect to the best talents in the market, based on vetted info about their top qualities. Feedback is given by means of a score between +1 and +100 and a personal note. Personal notes will stay personal: it’s a tip, an advice, etc. Scores build up a reputation, that can be unlocked and shared with others to view.
If you serious about Li’s monopoly, then give Katch a serious chance. We launched at multiple large org’s already and with multiple recruiters.

By: Fortnight Feature No. 5 - Social Channels for Businesses - Chicago Style SEO

Fortnight Feature No. 5 - Social Channels for Businesses - Chicago Style SEO — Mon, 25 Feb 2013 17:32:53 +0000

[...] Recruiter rates increase with revenue surge [...]

By: The CYA Report E36: Nurse Recruiting – Barriers and Best Practices [Podcast] | Fistful of Talent

Thu, 21 Feb 2013 18:19:22 +0000

[...] News with Tim Sackett, today’s articles: 1) As Revenue Soars, LinkedIn Announces Plan to Raise Recruiter Rates and 2) A Poor Dating Policy Could Break a Company’s Heart – and [...]

By: Reasons Online Job Boards Face Extinction | Clarity Recruitment

Reasons Online Job Boards Face Extinction | Clarity Recruitment — Thu, 21 Feb 2013 12:17:08 +0000

[...] on online recruitment, as demonstrated by the success of its stock in the past year. According to a recent article on ere.net, Linkedin earned 35 cents per share on revenues of $303.6 million. Its recruitment revenue in the [...]

By: Richard Araujo

Richard Araujo — Sat, 16 Feb 2013 16:26:23 +0000

@ Andy: I agree. I think the ultimate problem is you have to get more and more people to buy in to such a solution before it becomes valuable. LinkedIn has the corner on the market for simply getting in on it with its interface and tools early on. I think its main competition will come soonest from social media websites which already have a large user base pushing ‘resume’ apps and extensions for people to use. The problem I see that would limit that is people want to keep a separation between business and personal, LI has that perception built in already. As such I think they’ll be the only game in town for a while until someone finds a way to leverage the membership of a site like Facebook without crossing the line between business and personal sites.

By: andy nick

andy nick — Sat, 16 Feb 2013 16:10:42 +0000

@Richard – I’ll agree it has useful information and can help you become somewhat “connected” in an industry. However, if you are talking about hiring someone now or even in the semi-near future…it doesn’t seem to be the best source. And it’s more expensive than better sources. The bottom line is that it sounds like many of us agree that LI is over-hyped and overvalued.

By: The Top Sources of Hires? Survey Says It’s Still Referrals and Job Boards

The Top Sources of Hires? Survey Says It’s Still Referrals and Job Boards — Fri, 15 Feb 2013 16:21:36 +0000

[...] LinkedIn, which “showed dramatic increases in numbers in this year’s report,” accounting for “nearly six times as many interviews and three times as many hires as it did last year,” yielded fewer hires than did CareerBuilder, Monster, or Craigslist. In fact, Craigslist was surprising in that it produced more hires than it did interviews. Only agencies and the hourly worker job board SnagAJob had a similar result. [...]

By: Richard Araujo

Richard Araujo — Fri, 15 Feb 2013 12:52:53 +0000

@Andy: It’s a better overall interface much more geared towards recruiters and networking. I don’t think that justifies its current cost, but that’s why. For example, the hyperlinking of company names in profiles (essentially the members’ resumes) is interesting and useful, and it’s interesting and productive to go through those links to see all people on LI at a certain company. Often you’ll find interesting contacts to make and that are either immediately useful or worth keeping for future reference.

By: andy nick

andy nick — Fri, 15 Feb 2013 02:59:03 +0000

@Keith – if LI had contact info, wouldn’t that make it equal to Monster, CareerBuilder, etc. (well, except the lower website traffic on LI)? Hey wait…I’ve already forgotten why are they more expensive than Monster or CareerBuilder to begin with?

By: Keith Halperin

Keith Halperin — Wed, 13 Feb 2013 19:13:29 +0000

@ Richard. Well-said. I may have mentioned that I’ve found some folks who will get you the direct contact info (phone and email) on up to 100 LI Profiles (you find or they find) for $150, then it’s $1.50 each… There are other companies that will do this in a monthly basis.

A thought experiment:
Folks could LI Recruiter be worth it at its increased price if IT included direct contact info?

Cheers,

Keith

By: Richard Araujo

Richard Araujo — Wed, 13 Feb 2013 16:53:08 +0000

I’m glad they’re raising their rates. It will just spur more competition from firms who will deliver similar products, likely even better products. All the objections/issues raised above are why we did not opt to upgrade to LI Recruiter. It’s a lot of marketing hype and they do have the market more or less cornered right now, but they’ll only keep that position if they actually deliver something of value over time. I think many companies are going to realize, over the long term, that having a hyped up phone book without any actual phone numbers or solid contact info in many cases is a great tool to have, for passive recruiting. However, it isn’t worth the price they’re charging, and not as much help, when you realize the majority of your positions that need filled don’t require the level of recruiting for which this type of tool would be used.

By: Keith Halperin

Keith Halperin — Tue, 12 Feb 2013 01:27:59 +0000

@ Carol. Thank you. As we know, it’s not what they’ve got for you, but how what they’ve got you by that often matters.
Think I’ll stop right here with this…

By: Carol Schultz

Carol Schultz — Mon, 11 Feb 2013 16:49:58 +0000

John: Thanks for the interesting update.
@Keith: Your last comment is on target i.e. LI being a monopoly.
Let us not all forget that LI is just a gussied up database of names…

By: As Revenue Soars, LinkedIn Announces Plan to Raise Recruiter Rates « The Recruiter's Coach

Mon, 11 Feb 2013 14:56:27 +0000

[...] Feb by John Zappe Feb 7, 2013, 6:26 pm ET Orginal post http://www.ere.net/2013/02/07/as-revenue-soars-linkedin-announces-plan-to-raise-recruiter-rates/ LinkedIn didn’t so much beat Wall Street’s financial expectations, it shattered [...]

By: Sean Kent

Sean Kent — Mon, 11 Feb 2013 14:54:40 +0000

@Jeff – agree 100% (or should I say 300%?) Same situation here. Perhaps the most surprising thing, however, is LI’s willingness to bet that most RPOs will play ball. I think they will be in for a surprise.

By: Five Things You Need to Know This Week… | Fistful of Talent

Five Things You Need to Know This Week… | Fistful of Talent — Mon, 11 Feb 2013 02:01:37 +0000

[...] As Revenue Soars, LinkedIn Announces Plan to Raise Recruiter Rates. Recruitment is the biggest share of LinkedIn’s overall revenue, accounting for 54% of total [...]

By: Keith Halperin

Keith Halperin — Sun, 10 Feb 2013 18:32:28 +0000

@ Jeff. Very well said. Until tens or hundreds of thousands of other recruiters start quitting and/or there’s a viable, cost-effective alternative, LI will probably continue to rationally act like the near-monopoly they are and squeeze every last penny out of us that they can.

Cheers,

Keith

By: Jeff Weidner

Jeff Weidner — Sun, 10 Feb 2013 16:28:23 +0000

IMO the rate increase is completely unjustified.

Kenexa is an RPO (recruitment process outsourcing) company and we have several hundred licenses that we buy. Our licenses are expected to increase 300% next year. yes that’s right 300%. The way our current SLA’s are written we can’t pass those costs on to the client and we can’t act as a third party reseller. We will either be A)stuck absorbing those costs or B) dropping user licenses. Guess which one will happen?

Why is this unjustified?
1) FIRST and foremost there are NO RESUMES.
2) the avg user on Linkedin logs in about once every 2-3 weeks.
3) potential candidates don’t respond to inmails in a “timely manner”. Why? because A) they are inundated with inmails and B)they only log in once every 2-3 weeks.
4) OK, no resume, what about contact information. 90% of people on Linkedin don’t have a valid phone or email address in their profile that is visible. Sure I can hunt it down but then I either have to spend time or money doing that. If I’m going to spend 300% more I want to be able to contact the candidate immediately on my own terms not Linkedin’s.
5) Their reporting is severely lacking. Screams for an OFCCP audit.

that’s just the top 5 I thought of, I could go on an on. Now our contract is up at the end of 2013. If our search licenses go up by the amount projected on their pricing sheets I guarantee you we will be dropping about 250 Linkedin search licenses.

The VALUE is NOT there to justify this increase.

We’ll shift our focus to the job postings slots, PPC and inmail campaigns if needed. I will reallocate budget somewhere else.

Jeff Weidner
Global Director Sourcing Science
Kenexa, an IBM Company

By: Keith Halperin

Keith Halperin — Sat, 09 Feb 2013 17:55:27 +0000

@ Casey: I’d like to know this, too….
@ Everybody: If you’d like me to connect you with the folks who’ll provide the direct contact information for LI Profiles (you provide them or *they provide them) for $150, then $1.50 each, please contact me.

Cheers,

Keith keithsrj@sbcglobal.net

* However, they don’t have LI Recruiter- they use the web.