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Monster paid how much to buy the Jobr app?By chrisr2 on October 24, 2016 | Comments Off on Monster paid how much to buy the Jobr app?
Back in June Monster.com bought a job search app called Jobr. At the time the purchase price was not released.
I have recently learned that they paid $12.5 million dollars.
The info comes from this press release put out by their largest shareholder. (I’ll be writing more about that later)… In any case, thats a lot of scratch for such a young app with a small user base. Jobr’s founders must have been dancing in the streets after negotiating that deal. Kudos to them. They built an app, got a little traction and then hit the jackpot. That’s hard to do in today’s overcrowded app world.
Monster grossly overpaid for this app if you ask their largest shareholder. In fact they called it “wasted” money. Harsh words, but on the face of it they may be right. Monster could have hired their own firm to build something similar for mere thousands. So I guess they value they saw was also the talent being acquired. But that still seems like a lot of money from a purely accounting perspective. Especially from a company (MWW) that is losing money every year. The app itself apparently did not have much revenue.
Here’s the actual quote…
Wasted $12.5 million to acquire Jobr, a start-up mobile app with little revenue or specialized technology — MNG priced out what it would cost to develop virtually the same app as Jobr and believes it would cost less than $250k to develop, or 2% of the price paid to acquire it (quote from Media News Group)
Create a job board pricing guideBy chrisr2 on October 18, 2016 | Comments Off on Create a job board pricing guide
I cam across a new local job site for Franklin County PA the other day called FranklinCountyWorks. They created a PDF version of their prices that I thought is a good idea. By creating a PDF version you can easily share your sites pricing information and other pertinent details in a way that makes it easy for employer inquiries. [Link to PDF].
This kind of media kit is something every job board should have on hand. Here’s one I created for AviaNation.com the airline job board. There is a PDF version of this same page so it makes it easy to email to anyone requesting more info.
ZipRecruiter CEO explains how their site is evolvingBy chrisr2 on October 17, 2016 | Comments Off on ZipRecruiter CEO explains how their site is evolving
Check out this interview (via the Hiring on All Cylinders podcast) with ZipRecruiter‘s CEO Ian Siegel recorded at the recent HR Tech conference. In it he chats about how their job board is evolving and starting to focus more on quality matching. I think its a good example of how job boards can get better at their job of attracting the right applicant to their clients jobs. For my review of the conference, click here.
New research says most people start search on job boardsBy chrisr2 on October 11, 2016 | Comments Off on New research says most people start search on job boards
There is some new research out of the UK that indicates job boards as the main starting point for job seekers when beginning a job search.
A clear message from the research is the online job site is still the number one preferred starting point for candidates, with 68% of respondents saying that they found it the most helpful in comparison to just 38% who found recruitment agencies of most help. In fact, given past experience, if searching for a job today 94% stated that they would be likely to use an online job site. This identifies a misconception by the candidate in terms of recruitment agency vs job board, since the majority of roles on job boards actually come from recruitment agencies directly. This demonstrates a clear need for recruiters to be actively following up on candidates when they receive an application directly via a job board.
This is not news to me but further proves the value of job boards overall. They are starting points because they make finding jobs efficient and easy so it’s nice to see some research that backs them up.
Job seekers need to maximize their search if they want to be successful so its in their best interest to utilize all available sites – local, niche and national ones that apply to them. By “maxxing out” job board usage they’ll have a better chance of finding the right job.
Off to HR TechBy chrisr2 on October 4, 2016 | Comments Off on Off to HR Tech
I leave for Chicago today to attend the annual HR technology conference.
HR tech is always my favorite show of the year. There will be 400 different vendors in the expo hall (several job boards among them). It’s an “HRtechie’s” dream.
Hopefully I’ll come back with a few new clients, lots of business cards and perhaps a hangover. The parties are legendary.
New Job BoardsBy chrisr2 on October 3, 2016 | Comments Off on New Job Boards
Each month I find and add new job boards to a directory over on CareerCloud. Here’s a few of the newer sites I have found recently.
OLD GEEK JOBS – tech jobs for those over 40. Love the focus since ageism is so prominent these days. Started by a 37 yr old techie who felt he was being discriminated ageist by younger startup people.
FETCH FIND – jobs from the pet industry. Here job, here boy…
MS TECH – IT jobs for women. Female targeted job boards are becoming a thing.
A Secret Place to Find & Message Recruiters (member only)By chrisr2 on September 26, 2016 | Comments Off on A Secret Place to Find & Message Recruiters (member only)
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Stats from the AngelList job boardBy chrisr2 on September 20, 2016 | Comments Off on Stats from the AngelList job board
Bloomberg has an interesting article on the startup investor community AngelList which also doubles as a free job board. They have some interesting statistics mentioned that caught my eye and would be useful to know as a reference point for other sites.
The company said its job board reaches 3.1 million people and includes 370,000 companies. AngelList said it makes about 78,000 job matches a month.
What’s also interesting is another source of revenue they have launched.
The company is stepping up its role as a technology recruiter with a white-glove service called A-List. Businesses can pay AngelList $10,000 to curate a list of candidates and help set up interviews.
Other companies like Indeed which just launched Indeed Prime are now getting into the staffing/RPO business. This is a sure sign that smart job boards are evolving and expanding their offerings.
Designing your job board newsletterBy chrisr2 on September 19, 2016 | Comments Off on Designing your job board newsletter
If you run a job board I hope you are actively emailing your users. I once talked to a job board owner who had collected 100,000 emails since 2002 but never ever emailed them anything. What a waste. If you ever plan on selling your site one day you’d better have a nice big email list. Your list is perhaps the best marketing channel you have to drive traffic and revenue.
The other day UXjobsboard sent me their newsletter and I thought it was a good example to share with my readers since it does a pretty good job of highlighting important news and information. You would do well to follow their example. And if you don’t have a newsletter yet, get on it. I recommend Mailchimp.
Header area: lead with your logo. Also list the basic links for posting or finding jobs. The first piece of content are the latest jobs which helps show off the site’s latest content. Doing that each week keeps the site “fresh” in the eyes of the reader.
Browse all jobs button takes readers right to all the latest jobs. Latest profiles shows that new users are registering on the site.
Big buttons help to encourage other users to create a profile. Links to related content and industry events.