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December 5, 2007 / Toby Dayton

IBM Abandons Major Job Boards…

In a recent post, Chris Russell – founder of JobBoarders, highlighted an article in HR Magazine with some quotes on the growing dissatisfaction with the major job boards.

HR magazine has a new article out on job board security. It’s not online yet but there were some interesting quotes I wanted to pass along.

  • “…employers have become increasingly dependent on job boards, investing nearly $6 billion in such postings last year alone…As competition in some professions increases, job board spending by employers during the next five years is expected to grow by more than 10 percent annually.
  • “IBM, the country’s fourth largest employer recruitis for thousands of vacancies around the world each year. And while it once relied on boards like Monster, CareerBuilder and Hotjobs for candidates, Schreyer says he has been forced to find alternatives. If they delivered, I would still use them.”
  • “Candidates have stopped trusting the boards…They’re no longer putting their information out there, so searching for candidates is a waste of time.”
  • “The effectiveness of traditional online recruiting and the fate of its lucrative business model, could be comprimised, Weddle and others say, unless the industry takes steps to regain stakeholder confidence.”

Peter Brasket of Jobs2web is also quoted saying “Job boards exist because search engines cant find the listings”…

I’m not sure I agree with that. We exist because people want a place where they can go to find a lot jobs in their field/location. If there were no job boards, the job search were be extremely inefficient.

By the way, if you work in the field of recruitment advertising, I would recommend joining Chris’ JobBoarders community.

[tags]Chris Russell, Job Boarders, Recruitment Advertising, Employment Classifieds, Monster, Career Builder, HotJobs, Niche Job Boards, Online Advertising, Trends in Recruitment Advertising, Trends in Online Recruitment Advertising, Online Classifieds, Online Job Ads[tags]