By any measure, the first quarter was a mixed bag for the employment advertising business. The three public companies — Monster, Dice, and LinkedIn — all reported numbers that in some way didn’t hit what Wall Street investors were expecting or wanted.
CareerBuilder, privately held by a group of publishing companies lead by Gannett, its biggest shareholder, said it had North American revenue of $167 million, barely a 1 percent increase from Q1 last year. It provides no other numbers.
LinkedIn Keeps Growing
Last among the companies to report was LinkedIn, which this afternoon said it earned 38 cents a share (not including one-time expenses) versus the 34 cents analysts were expecting. Overall revenue grew by 46 percent to $473.2 million, with recruiting revenue powering the growth. The company took in $275.9 million in recruitment income, an almost 50 percent increase over the same quarter last year. Wall Street forecast the company would bring in $466.57 million. keep reading…
CareerBuilder is buying a key recruiting-technology company you may not know well, part of CareerBuilder’s goal of moving from a job board to a more sweeping software provider. keep reading…
Being Kelly Blazek has got to be so hard these days. When other Kelly Blazeks have to change their LinkedIn profiles to say they aren’t that Kelly Blazek, you just know things must be nasty for the Kelly who is that Kelly.
The Kelly who is that Kelly and the self-proclaimed “House Mother” of the Cleveland Job Bank became the target of international scorn after her nasty response to a 26-year-old marketing communications hopeful went viral. Besides denying Diana Mekota access to the popular local job bank, Blazek fired off a drippingly sarcastic email calling her “a total stranger who has nothing to offer me.” keep reading…
I know half the money I spend on advertising is wasted. I just don’t know which half.
For many marketers — and recruiters — that famous statement attributed to 19th century department store merchant John Wanamaker is still true, even with all the technology and measurement tools available in the early 21st century. How many recruiters can say they are getting the most out of the opportunities to drive new efficiencies through technology available today?
It is never easy to change old methodologies. However, recruiters have a significant opportunity to adopt best practices from another function that was forced to reinvent its core strategies in the face of technology disruption and changing consumer behavior: marketing. keep reading…
All but given up for dead when it failed to sell itself, Monster today showed there’s life yet in the venerable job board.
The company announced it bought recruiting startups TalentBin and Gozaik. The terms were not disclosed, but whatever the deal, it isn’t large enough to trigger a disclosure filing with the Securities and Exchange Commission.
Nor did Monster say how it intends to integrate the companies.
“The acquisition of TalentBin and Gozaik completes one key component of a larger strategy designed to help our business grow,” said Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide. “We look forward to sharing more details about these plans at our investor briefing event later this year.” keep reading…
You read about the site whose niche is IT jobs for veterans.
Now, there’s one across the Pond.
Armed for I.T. has information for veterans, employers, colleges, and training programs.
CompTIA, representing the technology industry, is behind the site; part of its goal is to have veterans go through its certification process to get trained in topics like networking and security.
LinkedIn made a sort of history today. For the first time since going public three years ago the company’s stock price dropped even though LinkedIn beat Wall Street’s expectations for earnings and revenue, and, for good measure, announced it had acquired a fast-growing matching-based job board for not much cash.
Reporting its fourth-quarter financial performance after the markets closed this afternoon, LinkedIn said it earned 39 cents a share on revenue of $447.2 million. The company simultaneously announced it had acquired Bright.com, a two-year-old startup that matches jobs to seekers by scoring the latter on how well they fit the position.
The $120 million price will only require LinkedIn to come up with about $36 million in cash, a pittance for a company with $803 million in the bank. The balance will be in LinkedIn stock, which, after dropping more than 7 percent in after-hours trading, is now around $207 a share. keep reading…
Global job board operator Monster Worldwide reported a stronger finish to 2013 than analysts were expecting, beating their average earnings estimate by 5 cents a share and their revenue estimate by $3.4 million.
The company reported this m0rning it earned 11 cents per share versus the 6 cents a share analysts were predicting. Monster also offered a rosier outlook for the current quarter, forecasting it would earn between 6 cents and 10 cents per share.
Wall Street liked what it heard, bidding up the stock by more than 20 percent to $7.13 a share just after the opening. keep reading…
Despite missing on earnings, investors gave Dice Holdings a bye this morning, liking the revenue numbers it posted for the fourth quarter of 2013 as well as what the company sees for this year.
Some slowing in the niche job board company’s security clearances jobs site (ClearanceJobs.com) was more than offset by gains in other areas, and by contributions from the sites Dice acquired when it bought onTargetjobs last fall and the IT Job Board in July. Improvement in the finance sector in Europe and Asia staunched the decline in revenue at eFinancialCareers.
“In the fourth quarter, we delivered better revenue and profitability than we thought we would in October, particularly from improvement in our finance segment,” said Dice CFO, John Roberts. keep reading…
There’s a new job board for the hiring of women in science, technology, engineering, and mathematics professions.
The Women of STEM job board postings are part of a larger group of sites called TheJobNetwork.
The food and drink industry has a new job board aimed at the U.S., UK, and the rest of Europe. keep reading…
The U.S. organization Enable America has launched a jobs board.
There’s a new website aimed at getting together employers with military veterans, particularly for technology sorts of jobs.
The U.S. Tech Vets site includes a military skills translator, a job search area of course, and links to more info.
Monster Worldwide is behind the effort, as are a bunch of professional associations in the tech sector, like the Consumer Electronics Association, as well as associations representing the home security sector, for example.
A big doctor’s network now has a service for recruiters. keep reading…
Glassdoor, the site where employees review employers, has $50 million more in the bank this morning, an investment it will use to accelerate product development and grow internationally.
The latest round of financing brings the total invested in the five-year-old company to almost $93 million. It comes a little more than a year after a $20 million financing round led by DAG Ventures with participation from existing investors Benchmark Capital, Sutter Hill Ventures, and Battery Ventures.
This round was led by Tiger Global Management, with new investor Dragoneer Investment Group, and previous investors Battery Ventures, Benchmark Capital, DAG Ventures, and Sutter Hill Ventures participating. keep reading…
JobDiva, software provider to the staffing industry, has filed a federal suit against Monster Worldwide, claiming the technology behind the company’s popular 6Sense search and matching engine infringes on patents it holds.
The complaint alleges “Monster has infringed JobDiva’s patents by incorporating JobDiva’s patented resume search technology into Monster’s products and services.” It goes on to say that Monster did this “despite being informed that JobDiva held patents covering the technology.”
Monster had no immediate comment on the suit, which was just filed Monday. keep reading…
LinkedIn introduces a new feature today that will be welcomed by businesses with multiple brands, locations, and product lines. Three years after launching company pages, LinkedIn has now made it possible to add multiple subsections to these pages.
Although LinkedIn has been inching in this direction for a while, today’s official launch of Showcase Pages gives companies the ability to create new pages for specific purposes, indexing them on the main company page and giving control over each Showcase Page to a different manager.
Until now, a company with multiple divisions or brands had to create a separate page for each. So a company like Yum had separate pages for its KFC, Taco Bell, and Pizza Hut brands (among others). Now, if it chooses, it can create a main company page on LinkedIn with subsections for each of its brands. keep reading…
There’s a new job board for the manufacturing industry, which has a skills shortage of its own.
ThomasNet Jobs is aimed at engineering, procurement, manufacturing/production operations, and industrial sales/marketing.
Companies looking for remote workers have a new site: “We Work Remotely.”
The folks behind the job board also have a book out called “Remote: Office Not Required,” which they’re advertising at the top and bottom of the site.
Looks like the going rate is $200 for a post that’s up a month. More here.