Facebook Launches Job Search Option
Facebook have launched a Social Jobs application in partnership with the Department of Labor and many leading career websites such as Monster.com, BranchOut and Jobvite.
The social network have released a new application for its Social Jobs Partnership (SJP). With there currently being more than 1.7 million job listings featured in the Facebook app, the platform said that the job board is meant to “leverage social media to connect great jobs with great candidates.”
A Facebook post claimed that: "When it comes to economic growth, few issues are more important than matching qualified candidates with great jobs."
Those searching for a job can simply search for a job using a keyword, industry and location.They can then sieve through results that are found from each of the partnering career websites.
The initiative is supported by employment and career services like BranchOut, DirectEmployers, Jobvite, Monster.com and Work4Labs which will provide search results to Facebook.
The SJP will then organise the results due to what job board provides leads. The job seeker then needs to follow the links to the respective job search service or Facebook app.
Facebook announced a Social Jobs hub a year ago that provided tools and information for job hunters from the Department of Labor, the National Association of Colleges and Employers and other organisations that joined the initiative with the social media site.
There’s no question that Facebook would be able to boost these partnerships with job sites and their huge user base of more than a billion to create a very useful and powerful service to list jobs.
LinkedIn has spent years building relationships with head-hunters and giving them providing tools to find talent on the social network. This is where Facebook could cause a threat to LinkedIn as a recruiting engine which is how LinkedIn makes most of its money. Although in order to compete, Facebook would need to do more than just providing listings from other sites.
It’s believed that around 50% of employers currently use Facebook in the process of hiring now, 54% of them foresee “Facebook becoming a more important part of the talent acquisition process in the near future.”
Investors of LinkedIn obviously believe that there is cause for concern as the company’s stock dipped immediately after Facebook had announced the news.
This comes coincidentally at a time when Facebook’s stock enjoyed a surprise boost on Wednesday, increasing by as much as 10% to more than $22 a share.
The stock rise came at the time of an expiration of Facebook’s biggest lock up period which allows share holders to sell stock. Generally, this expiration leads to a drop in the market due to fear of others selling shares, decreasing the platform’s value.
Coinciding with the announcement of the job searching facilities, a rise in stock can only mean promising things for both the social platform and the application itself.
Will you be using the job searching app on Facebook? What do you think this means for LinkedIn?
Let us know in the comments below or via Twitter.
Daniel Barr
Follow us @SocialMediaF & @DanielAtSMF
www.socialmediafrontiers.com
Facebook Launches Job Search Option
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Thursday, November 15, 2012
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Reviewed by Unknown
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Thursday, November 15, 2012
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