Job boards losing luster

May 10, 2010

Beginning in the 1990’s with the founding of Monster, CareerBuilder and HotJobs, help wanted classified advertising began to migrate online (to the great distress of newspaper advertising) and literally thousands of specialty online job boards were created in their wake. According to CareerXRoads, they were credited with one out of eight employee hires in 2008 but, as it states in its most recent study “. . . the market share of hires attributed to job boards, and especially the big job boards, is flat and poised to lose ground when considering the economy, the increasing penetration of search engine marketing, social networks, and the other Web 2.0 apps that firms are exploring.” This view was confirmed by Monster’s reported North America revenues for 2009 ($407.1 million, down 36.2% from 2008) and for the first quarter of 2010 ($97 million, down 18.6% from 2009) and CareerBuilder’s report of 2009 revenues down 26.7% from 2008 and first quarter 2010 revenues down 6.4%.

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{ 1 comment… read it below or add one }

Kathy Dean May 11, 2010 at 1:47 pm

There’s no fee to join Teneotalent. Companies list jobs with us and pay us fees to find candidates for them. We have some free and paid coaching services if you need support. The assessments are free. I hope that message was clear on our Homepage.

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