The socialization of the Web has brought about changes to how, when and where we communicate with each other over the Internet. The same goes for companies who now look for and hire new staff by using online software, social networks and whatnot, although that shift – to what is often referred to as ‘social recruiting’ – is perhaps far less visible.
Jobvite, a developer of software that enables companies to leverage the social Web for finding and hiring new employees, was one of the first to spot this trend a few years ago, and the startup is today growing faster than ever. We’ve learned that the company has raised $15 million in Series C funding, underscoring its momentum. → Read More
(Editor’s note: Centralized Web job boards are in decline. Dan Finnigan, CEO of Jobvite, explains why in this guest post. Previously, he was Senior VP at Yahoo and GM of HotJobs, and before that a Director on CareerBuilder’s Board as CEO of Knight Ridder Digital.
Monster’s acquisition of Yahoo HotJobs signals a significant landscape change for a job board industry facing significant economic pressure and I believe the deal also marks a “new normal” in how companies are hiring talent. Online recruiting is transitioning away from “the Big Three” job boards. The Internet is becoming the job board.
Of course, unloading and closing properties that are not part of Yahoo’s strategy going forward is smart. (Though selling a job advertising board smack in the middle of this downturn and extreme unemployment must have been as hard as selling an empty, foreclosed home in Las Vegas right now.) → Read More
Adam Hyder, Yahoo’s Senior Director of Engineering for its Advertising Management Platform (AMP), has joined the flood of recent departures from the search giant in hopes of greener pastures. Hyder has joined Jobvite, an online recruiting service, as the company’s CTO. Last month, Jobvite hired Yahoo HotJobs boss Dan Finnigan as its CEO. It’s likely that Finnigan had something to do with Hyder’s choice of relocation – the two worked together at HotJobs before Hyder moved to AMP. The loss to Yahoo’s AMP platform is significant – the service was only announced in April, and has yet to launch (it is supposed to launch some time this summer). AMP is supposed to “help marketers buy across search, display, local, mobile, and video inventory – all from a single, integrated interface.” During the Yahoo conference call last June, the company said that AMP would be available within a week. Six weeks later, the platform’s homepage still displays a teaser trailer. We haven’t heard what the status of the AMP platform is at this point, but it’s never a good sign when your Director of Engineering jumps ship weeks (or less) before release. CrunchBase Information Adam Hyder Jobvite Yahoo! Information provided by CrunchBase → Read More