Job Boards: Who are they built for, How they make money, and What job-seekers should know…

28 Mar

Job Boards have evolved since the early days of Monster and Career Builder.  Increased use of social media like Linked In, Twitter and FB have enabled companies to find great talent without having to pay large fees for job postings on those sites.

When you post your resume on a job board, do you get much action?  I mean, quality action.  Or, do you get spammed with junk emails, called relentlessly by staffing agencies who want to “get your resume into their database,” and waste countless hours sifting through  crappy job postings for AFLAC, work-from-home business opportunities, and pyramid schemes?

With corporate recruiting budgets slashed over the last couple of years, the savvy job seeker must realize that those outdated models are being used far less nowadays to find talent and advertise job postings.  Just to give you some insight – an HR department can be asked to pay hundreds of dollars ($500-$600) per job posting, and then additional money to view the resume database of one of those old school “big name” job boards.

Recent popularity of job search ENGINES have made the online job search easier for both job seeker and corporate recruiters.  Indeed.com and SimplyHired.com don’t make you create an account, or upload your resume.  They scour the internet for job postings from corporate websites as well as every job board indexed (most likely more job boards that you ever thought existed).  What that means for the corporate recruiter is that, without paying a dime my job openings will be featured on those sites; For you, that means there is a larger inventory of open positions on this type of site.  If I (the corporate recruiter) wanted to pay a nominal fee (usually a pay per click sum), I could elevate my job postings to the top of search lists or make it a “featured listing.”  This is far more cost-effective in terms of my HR budget and just as effective in terms of candidate volume given that most quality job seekers have become wise to these newer search engine tools and response rate/visibility is excellent.

These more recent models certainly save the job seeker time, and spam.  With a quick key word search and zip code, all jobs posted online appear in real time and one can click on the link to apply.

What these more recent models don’t eliminate, is the staffing agency postings, which can prove confusing for the job seeker.  Staffing agencies (often called recruiting firms, search firms, or contingent labor firms) are outsourced recruiters for companies.  They may post a job for a company they are not even contracted to recruit for – in hopes of creating relationships with quality candidates who they will use as bait to the hiring manager to get their contract and make THEIR commission.  Some staffing agencies truly do legitimately represent companies for their recruiting needs, but they may not even disclose what company they represent, so you the job seeker, have no control over where your resume is being submitted.   There are some great staffing companies out there (I used to work for one of the largest), but there are way more shady ones.  The savvy job seeker needs to be careful of who represents them in their job search.  Did you know that if a staffing company submits your resume to a client of theirs (client being the company who actually has the job opening) and for whatever reason, you don’t get an interview, that company (if they have a contract with the staffing agency) may not be able to hire you for one whole year without paying the staffing agency a hefty fee?  That doesn’t sound like it makes YOU a very attractive candidate.

These are things one must consider in the cloudy landscape that has become our job market.

So, what do you want out of a job board?  What do you like about them?  What do you hate about them?  Which are your favorite and why?  Let’s collaborate to create the most ideal tool for the job seeker in THIS day and age.  And then, we’ll see if we can change the world.

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One Response to “Job Boards: Who are they built for, How they make money, and What job-seekers should know…”

  1. internet phone service April 16, 2013 at 2:05 am #

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