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Updates from DHI (Dice)By chrisr2 on August 5, 2019 | Comments Off on Updates from DHI (Dice)
DHI Group, Inc. the owners of Dice.com and other job boards reported earnings recently. In summary, their revenue was pretty flat except for ClearanceJobs.com which is now up to $6 million in revenue. They also published what they are up to with each site which I thought you would find interesting.
Second Quarter 2019 Financial Highlights
- Revenues were $37.4 million. Ongoing tech-focused1 revenues were up 1% year over year and 2% excluding the effect of foreign exchange
- Dice revenues were $23.2 million, down 1%, compared to the prior year period and up slightly on a sequential basis
- eFinancialCareers revenues were $8.1 million, in line with the prior year period, excluding foreign exchange
- ClearanceJobs revenues were $6.0 million, up 17% year over year
- Net income was $3.1 million, or $0.06 per diluted share, compared to a net loss of $(0.2) million, or $0.00 per diluted share in the year ago quarter
- Cash flow from operations was $11.1 million
- Cash was $7.6 million; total debt reduced to $10 million
- Adjusted EBITDA2 was $9.1 million and Adjusted EBITDA margin2 was 24%
Commenting on the quarter, Art Zeile, President and CEO of DHI Group, Inc., said:
“We are pleased to report our second consecutive quarter of year-over-year growth in our ongoing tech-focused1revenues, reflecting the solid progress we continue to make on our product, sales and marketing efforts. We further strengthened our product offering, adopting several industry leading product features from ClearanceJobs into our Dice and eFinancialCareers brands, and continued to build out our commercial sales team, which was launched late last year. While we still have lots of work ahead, we expect these efforts will further position DHI to become the industry leader for matching tech professionals with employers.”
1 Excludes Dice Europe, which ceased operations August 31, 2018.
2 See “Notes Regarding the Use of Non-GAAP Financial Measures” later in this press release.
Second Quarter 2019 Product Highlights
- Released Candidate Match, which uses DHI’s AI-based technology skills data model to grade each candidate’s skills, experience and relevance against the requirements of a job posting.
- Launched improved employer Jobs Management in beta, with new features including improved search, metrics-at-a-glance and usage status, that enable a better workflow for our clients when it comes to managing their job postings.
- Launched new personalized Dice.com home page for candidates that curates job recommendations, suggests profile updates and highlights salary predictions and career paths based on their profile.
- Launched Job Search and Job Alerts in beta, which deliver improved search relevance and user experience to candidates by applying our tech skills data model.
- Launched Recruiter Profile, which is the first step in creating a trusted network between recruiters and candidates. Recruiters can now create a profile with personalized photos, contact information and job postings that can be shared with candidates.
- Launched Messaging platform in beta, which is an in-app messaging service that allows recruiters and candidates to chat in real time. In ClearanceJobs, Messaging and Recruiter Profile were successful in more than doubling recruiter connections with candidates.
- Launched BrandAmp, which gives employers effective new ways to bring their job postings to life. With large format photos, videos, social links and featured company recruiters, BrandAmp creates a compelling first impression to security-cleared professionals.
The Company expects its ongoing tech-focused1 business will continue to achieve modest year over year revenue growth in the second half of the year. The Company further anticipates that Dice will turn to positive year over year revenue growth in the fourth quarter of 2019. The Company expects its Adjusted EBITDA margin2 for the full year to be approximately 23%, as the Company continues to increase its product and engineering capacity, as well as invest in more sales and marketing resources to accelerate growth. The Company is unable to provide guidance for net income because it cannot reasonably assess the impact of stock-based compensation and income tax expense.
An employer vetted job board?By chrisr2 on July 29, 2019 | Comments Off on An employer vetted job board?
On Twitter last week I noticed a new account called DayJoys. It’s a new job board with a twist: they vet all employers that can post with them. Their motto says it all:
Because life’s too short for sucky jobs.
I agree. Life is too short to work for companies who don’t care about their workers. But does this make a good business model?
Maybe, maybe not.
According to their FAQ page employers can be invited by them or apply to be included after undergoing a vetting process. Its a little unclear how they plan to do that. They do publish the following though;
So they may be using reviews on Glassdoor and Indeed to vet the companies. If so, why not just use those sites? You can filter by scores and see just about every company.
To me, DayJoys should be a site that focuses on the employer life/culture not just the jobs. If they really want to showcase great employers then build out a company directory that does that. Help them explain to seekers why they are great. Give them ways to upload photos, videos, stories and more to highlight themselves.
The current DayJoys site looks and functions like a typical job board but it doesn’t have many jobs right now. That may change over time but they will face a traffic problem if they cant attract seekers in a hurry.
I do give them credit for trying this approach. There are lots of those ‘best company to work for‘ lists out there I always felt a site for just those firms could gain some traction.
Job Board News RoundupBy chrisr2 on July 23, 2019 | Comments Off on Job Board News Roundup
FieldEngineer.com – A Field Services Job Marketplace
Field Engineer’s global network of engineers and technicians embraces the gig economy marketplace to remove the obstacles currently facing recruiters and businesses in their quests to build the strongest possible teams.
New York City, USA. Tuesday 16th July: While businesses across the globe are struggling to replace retiring workforces, Field Engineer offers a modern-day approach to recruitment and staff assembly, breaking down a number of barriers to help companies of all sizes through the phase of transition.
Aging Workforces A Growing Concern In Tech-Related Industries
Right now, there is a palpable generation shift across a range of industries, particularly for those dealing with field services and telecoms sectors. As the older generation of engineers and contractors age and retire, replacing the lost personnel and overcoming the high staff turnover levels have become the biggest challenges currently facing SMBs across the globe. While business owners and HR departments look for a solution, Field Engineer’s gig economy marketplace offers a fresh approach to filling those vacancies.
The big problem facing businesses revolves around the changing mindset of the millennial workforce. While the baby boomers were very much guilty of following the money, the younger generation are the first to place a huge emphasis on the work-life balance. Earning money is one thing, but employee happiness is another. For the majority of workers in tech-related roles, a sense of flexibility is deemed a priority.
CollegeRecruiter Creates Iframe to Allow Embedding of its Site
Do you have students who search your site but don’t find a lot of jobs which match their interests, perhaps because they grew up in another state and want to find a job back there? Just have your web developer drop this code onto your resource page or wherever your students would go to search for a job.
Australia’s Top Job Board Sees Dip in Postings
Australian job board SEEK’s latest employment report showed a decrease of 7.7% in jobs advertised in June 2019 compared to June 2018. At the same time, the average advertised salary across Australia increased by 2.7% year-on-year.
The science & technology sector reported the highest job ad growth rate with a rise of 19.2%, year-on-year. Within this sector, roles for quality assurance & control saw the greatest growth (70.6%), followed by environmental, earth & geosciences (54.1%) and food technology & safety (28.8%).
MyJobMag Launches Ghana Job Portal
MyJobMag, a leading job site in Africa with a mission to solve unemployment issues around Africa announced today the launch of its new website in Ghana. With this launch, MyJobMag is positioned to play in the employment sector of Ghana and help reduce the unemployment rate by offering a website that is quick and easy to access while offering diverse recruitment solutions to both employers and job seekers.
“We are excited about our Ghana website launch and the opportunity to serve the community including job seekers and employers,” said Ogugua Belonwu” MyJobMag founder and CEO. “We strongly believe in a strong and united Africa and we believe that Ghana has a huge role to play as a strategic partner in Sub Sahara Africa. The website will allow job seekers to find the best jobs and enjoy a customized experience as they will get job alerts that are peculiar to them. This new innovation is driven by our use of AI.”
Beyond that, visitors to the website will also find a dedicated career advice section accessible by following this link https://www.myjobmagghana.com/
blog where they will find tons of educational content from guides, blog posts and tools geared at educating interested parties regarding the latest news and update job and HR industry.
Interview with Hire Our HeroesBy chrisr2 on July 15, 2019 | Comments Off on Interview with Hire Our Heroes
On my latest RecTech podcast I had on the founder of HireOurHeores.com, a job board for veterans started several years ago. Dan did something interesting from a marketing standpoint. He created his own “national day” for hiring vets. Its a great PR move that has helped grow the business. You can actually apply to create your own industry day at https://nationaldaycalendar.com/
Programmatic Job Players Getting Snapped UpBy chrisr2 on July 15, 2019 | Comments Off on Programmatic Job Players Getting Snapped Up
Suddenly the programmatic job players are in demand. In the past 10 days two of the industry’s biggest firms have been acquired.
In early July New Hampshire based Appcast was acquired by European based Stepstone, owned by Axel Springer. And then on Friday, Indeed bought UK provider ClickIQ which only has a foothold in the UK region.
My sources tell me both deals were in the works for some time but its hard not to see a connection between the 2 rivals. Stepstone owns several large job boards that serve the UK/Euro market and Indeed is always looking for ways to defend its turf. With Google for Jobs slowly eroding its traffic, these acquisitions give them a new business line and adds revenue quickly.
So what next?
I predict players like Recruitics or PandoLogic could be in play. Both are established firms in the U.S. with solid client bases. I wonder if a company like ZipRecruiter might dip their toe into this space?
With job boards now buying the companies that help drive traffic to THEM, we have come full circle in the programmatic job market.
Does Your Job Board Have an Explainer Video?By chrisr2 on July 9, 2019 | Comments Off on Does Your Job Board Have an Explainer Video?
I think any good internet business needs a good 1 minute explainer video and a job board is no exception. They offer you a chance to easily explain who you are, what you do and how you can help employers attract industry talent.
While browsing Youtube today I noticed this one below. It’s not a particularly great video but I think you get the idea.
I get my explainer videos done via Fiverr. For a few hundred bucks you can get one also. An explainer video is a good asset to have on your pricing page and in rotation on your social media channels. You will just need to write the script and hand it over to the person on Fiverr. Here’s the link on Fiverr to get your own.
If you need help writing the script let me know. For a small fee I’ll help you craft it.
Job Wrapper Propellum Announces New ServiceBy chrisr2 on July 8, 2019 | Comments Off on Job Wrapper Propellum Announces New Service
Propellum Infotech, provider of job wrapping solutions for the job board industry, has recently announced its latest offering – a new job automation software for the immediate onboarding of companies. Job posting sites can now outsource their operations to Propellum, which will then look after daily job scraping, data normalization, job feed enrichment and ultimately automatic job postings.
This, in response to the growing need for daily operational assistance required by job boards. Propellum has also announced that they will be doling out analytics in the form of monthly or weekly reports for Job sites. This will ensure that job posting sites are kept thoroughly informed about their operations, all the while requiring minimal resources on their part.
The need for new job automation software
When asked about the need for the new solution, long-term job wrapping expert Bharat Chauhan, who is the Sr. Manager – Product Implementation & Support at Propellum, said that “In order to deal with new competition, job boards need to focus their efforts more towards marketing their presence and developing new service offerings. They can’t do it with their hands tied up in daily operational tasks – or rather, it is very expensive to hire & maintain entire teams dedicated to job board operations. At Propellum, we’ve automated the whole process of job wrapping using our vast experience. Now, Job boards are free to scale and can be assured of the best quality job listings being posted to their sites”.
Propellum has previously worked with giants in the job listing field, namely, LinkedIn, Monster, Snag and Jobs in the US. The team comprises of several data analysts, customer service technicians, quality experts as well as the best job scraping technology; and their service offering is solely dedicated towards job wrapping solutions. As for the new job automation software, the technology is flexible enough to accommodate customizations in job fields, job type, company type, location, etc. Furthermore, the new job automation software gives out daily job alerts on how many jobs are being added to the job board. It is capable of identifying which fields on a particular job posting are missing and intelligent enough to auto-update those fields using information gathered from the employer site. Once onboarded, a job board can choose its feed delivery features or even transfer data to their job board using the software’s job API feature.
The road ahead for Propellum
After the new job automation software, Propellum seeks to develop analytics for job boards. One of the employees offered that “Our clients are always looking to develop their service offerings for both, companies and jobseekers. Propellum hopes to aid those efforts through a large amount of job data that we collect on a daily basis. Developing data analytics for job boards could highlight any unconventional ways to bridge the gap in their service offerings or at least identify which markets they should channel their marketing communications towards.”
Interview with ZipRecruiter’s CEOBy chrisr2 on July 2, 2019 | Comments Off on Interview with ZipRecruiter’s CEO
Ian Siegel, the CEO and founder of Ziprecruiter was recently interviewed on the Pattern Recognition podcast. It was a very interesting conversation and you can listen via the player below. He talks a great deal on how he built the company, how matching/AI are now driving customer happiness as well as thoughts on building a two sided marketplace. Give it a listen.