As recently as several years ago, it was considered standard operating procedure for job seekers to post their resumes on as many job boards as possible. Why?Visibility. Employers and recruiters used the job board resume databases to find possible hires, so it made sense to have your resume in as many places as possible. Job boards encouraged this behavior because it made the resume access features easier to sell to employers.
Enter LinkedIn. It was certainly not the first ‘public resume’ site, but it quickly became the most successful. As mentioned in this insightful article, LinkedIn provided candidates with a place to brag – and (at least at first) a free source of resumes for recruiters. It then successfully added numerous services such as Answers and a bunch of places for advertisers to advertise. Along the way it appeared to suck a lot of the life out of the job board resume business.
Or did it? Research continues to show that job boards get between 20 and 40 percent of their total revenues from resume search and access. That figure appears to be unchanged since the mid 2000s. ‘Free’ resume sites continue to flourish. What’s really going on?
The short answer: job seekers are not stupid. It still makes sense for them to post their resume on the sites their target employers use.
The long answer: If a job seeker sees a company advertising on a particular job board, he/she will post a resume there. Then they will also post their resume/profile on LinkedIn, because those same employers and recruiters might find them there. They’ll continue posting their resume on certain sites until they are certain that there is no likelihood of a potential employer finding them there.
So what are the implications for job boards? Should they ignore LinkedIn, per the reasons above, and assume that the resume database will continue to contribute its piece of the revenue pie?
No. Here’s why:
So what’s a job board to do? I have a few ideas:
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