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Straight Talk for the Recruiting Profession

Articles tagged 'jobboards'

Industry News

Broadbean Buy Moves CareerBuilder Along HR Services Path


broadbean-logo-300x212U.K. based Broadbean, best known for its job post distribution service, has been acquired by CareerBuilder.

“CareerBuilder is excited to expand our portfolio and continue the rapid growth of our global HR SaaS operation,” said Matt Ferguson, CEO of CareerBuilder. “Clients will benefit from broader job distribution and one simple workflow to manage all external and internal sources for candidates.”

Today’s announcement provided no details on how CareerBuilder will integrate Broadbean’s products with its own growing offerings. However, the company has been making strategic acquisitions; 18 months ago it bought the labor economics analytics firm Economic Modeling Specialists, Inc. and now markets EMSI business intelligence to recruiters and for workforce planning.

Industry News

LinkedIn Buys Matching Service As It Plans For Job Posting Push

Econ data Jan 2014

LinkedIn_logoLinkedIn made a sort of history today. For the first time since going public three years ago the company’s stock price dropped even though LinkedIn beat Wall Street’s expectations for earnings and revenue, and, for good measure, announced it had acquired a fast-growing matching-based job board for not much cash.

Reporting its fourth-quarter financial performance after the markets closed this afternoon, LinkedIn said it earned 39 cents a share on revenue of $447.2 million. The company simultaneously announced it had acquired Bright.com, a two-year-old startup that matches jobs to seekers by scoring the latter on how well they fit the position.

The $120 million price will only require LinkedIn to come up with about $36 million in cash, a pittance for a company with $803 million in the bank. The balance will be in LinkedIn stock, which, after dropping more than 7 percent in after-hours trading, is now around $207 a share.

Industry News

Monster Sees Hiring Improving Here and Worldwide

4th Q job board financials 2013

Monster logoGlobal job board operator Monster Worldwide reported a stronger finish to 2013 than analysts were expecting, beating their average earnings estimate by 5 cents a share and their revenue estimate by $3.4 million.

The company reported this m0rning it earned 11 cents per share versus the 6 cents a share analysts were predicting. Monster also offered a rosier outlook for the current quarter, forecasting it would earn between 6 cents and and 10 cents per share.

Wall Street liked what it heard, bidding up the stock by more than 20 percent to $7.13 a share just after the opening.

Ask Barb

Your Candidates Want Choices

Ask Barb

Dear Barb:

I feel more and more that we are competing with the job boards, LinkedIn and social media for our candidates. By the time we get them through an interviewing process, they’ve found another job. I’m not seeing all of this technology as helpful. I’m seeing it as a threat. How can we compete, when it’s so easy for our candidates to find interviews on their own?

Susan P.

Ft. Meyers, FL

Dear Susan:

Industry News

Dice Optimistic About 2014

Dice Holdings 2013

Dice Holdings 2013Despite missing on earnings, investors gave Dice Holdings a bye this morning, liking the revenue numbers it posted for the 4th quarter of 2013 as well as what the company sees for this year.

Some slowing in the niche job board company’s security clearances jobs site (ClearanceJobs.com) was more than offset by gains in other areas, and by contributions from the sites Dice acquired when it bought onTargetjobs last fall and the IT Job Board in July. Improvement in the finance sector in Europe and Asia staunched the decline in revenue at eFinancialCareers.

Industry News

Employer Review and Career Site Gets $50 Million For Expansion

glassdoor logo

glassdoor logoGlassdoor, the site where employees review employers, has $50 million more in the bank this morning, an investment it will use to accelerate product development and grow internationally.

The latest round of financing brings the total invested in the five-year-old company to almost $93. million. It comes a little more than a year after a $20 million financing round led by DAG Ventures with participation from existing investors Benchmark Capital, Sutter Hill Ventures and Battery Ventures.

This round was led by Tiger Global Management, with new investor Dragoneer Investment Group, and previous investors Battery Ventures, Benchmark Capital, DAG Ventures and Sutter Hill Ventures participating.

Industry News

Monster Sued By Staffing Software Provider

jobdiva logo

jobdiva logoJobDiva, software provider to the staffing industry, has filed a federal suit against Monster Worldwide, claiming the technology behind the company’s popular 6Sense search and matching engine infringes on patents it holds.

The complaint alleges “Monster has infringed JobDiva’s patents by incorporating Monster logoJobDiva’s patented resume search technology into Monster’s products and services.” It goes on to say that Monster did this “despite being informed that JobDiva held patents covering the technology.”

Monster had no immediate comment on the suit, which was just filed Monday.

A copy of the suit is here.

Industry News

LinkedIn Expands Company Pages to Allow New Pages

LinkedIn showcase pages

LinkedIn showcase pagesUnless you happen to be one of those rare agencies with multiple brands, products or locations, LinkedIn’s new Showcase Pages won’t mean a whole lot for you. But your clients may be able to make use of this new feature introduced this morning.

Three years after launching company pages, LinkedIn has now made it possible for a business to add multiple subsections to these pages. Until today, the best a company could do was create separate company pages for each of its brands, or make-do with the four tab categories LinkedIn offers: Overview, Products & Services,Careers, and Insights.

Industry News

Dice Buys Health, Life Science, Hospitality Boards for $50 Million

OnTargetjobs logo

Dice Holdings logoBroadening its reach in healthcare and gaining a foothold in the hospitality job market, Dice Holdings today announced it acquired OnTargetJobs.

OnTargetjobs logoThe $50 million acquisition adds three key niche sites — Biospace (life sciences), HEALTHeCAREERS (healthcare), and Hcareers (hospitality) — to Dice’s growing portfolio of small, but important niche players.

The company’s best known site is, of course its career site for the tech industry, Dice.com. In the last few years, however, Dice has expanded into energy and healthcare and added to its tech holdings buying Slashdot, SourceForge, and, most recently, UK-based The IT Job Board. The company already owned eFinancialCareers and JobsintheMoney, having acquired them in 2006.

Industry News

Monster Reports Good Financial News; Stock Takes Big Jump

job board revenue 3rd q 2013

job board revenue 3rd q 2013For the first time in a while, the Monster had good financial news to report this morning. Not only did it swing to a profit in the third quarter, but it earned more per share than the analysts were predicting.

The global careers company reported earning $11.3 million during the quarter, which translates into 11 cents per share, not including one-time expenses, which are typically not counted in Wall Street earning analysis. Analysts had estimated the company would earn 8 cents a share.

In the same quarter last year, Monster lost $184.2 million, or $1.73 a share. Most of that was the result of the company’s sale at a loss of its ChinaHR careers operation and related expenses.