Archive for June, 2008

Bullhorn CEO: $26M Earmarked for Staffing, Global Expansion

Tuesday, June 17th, 2008

Bullhorn, a global provider of recruiting software for search firms, recently announced the completion of $26 million in new financing, led by venture capital firms Highland Capital Partners and General Catalyst Partners.

The investment comes after Bullhorn achieved a 400 percent revenue growth rate during the past 3-year period. Bullhorn CEO and co-founder Art Papas discussed why the achievement was so important for Bullhorn, especially in their market space.

“With regards to the funding, I think it might be a record for the staffing and recruiting space,” Papas said. “I don’t know of any other company in our space that’s created this much capital, even inflation-adjusted, so it should have a real impact.

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Performance Expert: 79 percent of Workers are Disengaged

Monday, June 16th, 2008

Performance improvement expert Anese Cavanaugh released a series of articles on her web site that tackles the issue of unenthusiastic, unmotivated workers that cost U.S. companies billions of dollars a year.

Recent findings show that active workers, or those who are loyal, passionate, and positive about coming to work, make up only 21 percent of the work force. If companies enacted measured ways to increase motivation and happiness in their employees, productivity could increase by as much as 43 percent.

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Monster.ca Introduces Streaming Video for Job Postings

Monday, June 16th, 2008

Monster Canada has launched Monster Video Profile, a multimedia tool that allows employers to embed streaming video into their job postings.

The career resources portal will also be offering video production, hosting, and job posting integration to enhance the video component.

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Newspaper Publisher McClatchy Slashes 10 Percent of Work Force

Monday, June 16th, 2008

Newspaper publisher McClatchy Co. is slashing 1,400 jobs, or 10 percent of its work force, after they reported a 15.4 percent decline in advertising revenues in the first five months of the year.

McClatchy, who is the No. 3 U.S. newspaper company with over 30 dailies, also owns a 15 percent stake in Careerbuilder from their $4 billion purchase of Knight Ridder in 2006.

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GE Drives Healthcare Employment in Pittsburgh

Sunday, June 15th, 2008

GE Healthcare, which is part of General Electric Co., recently announced that it has joined with the University of Pittsburgh Medical Center that will create new employment opportunities in healthcare within the next few years. The partnership has resulted in a new company, Omnyx LLC, whose purpose is to improve both the speed and efficiency of interpreting lab results and reaching a diagnosis.

Omnyx’s purpose will be to market digital services that will enable lab techs to virtually share images and interpret results using advanced algorithms. Both GE and UPMC believe that patients will benefit from these services as they will reduce medical errors, decrease the amount of time it takes get lab results and make it possible to have pathology information integrated into individuals’ personal medical records electronically. Because of the nature of this work, many of the healthcare jobs created will rely heavily on technology.

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Yellojobs.com Merges Social Networking and Recruiting

Friday, June 13th, 2008

Social networking, the world’s leading online connection tool, and referral recruiting, the most cost effective and efficient form of recruiting, have announced a merger on Yellojobs.com.

Under the agreement, social networkers can now generate income by leveraging who they know. Social networkers can search the job ads on Yellojobs.com and refer jobs with referral rewards to their friends. When a referred friend gets hired the referring party collects the cash reward.

The merger further stipulates that referral recruiting has finally entered the online world. Employers have long known that referrals are the best way to tap into the “Passive” candidate pool. However, effectively reaching that audience through the web has to this point eluded employers. Now, with Yellojobs.com employers can post job ads with referral rewards for free. Since Yellojobs.com is entirely success based employers can post unlimited job ads with no risk.

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Affinity Circles Launches inCircle Recruiting, the Anti-LinkedIn

Thursday, June 12th, 2008

Affinity Circles, a provider of social networks for academic and professional organizations, has launched inCircle Recruiting, a candidate sourcing tool that allows employers to target and engage passive candidates.

Companies can sift through a network of more than 140 alumni and professional groups, including 15 million degreed professionals. About 700,000 of those professionals are registered users who could be potential job targets.

InCircle Recruiting, in beta since September, is a subscription-based service that features targeted media campaigns aimed at reaching candidates who are already employed but are open to being approached by employers. Subscriptions, which begin at around $40,000, arm recruiters with customizable tools to target members by region, occupation, academic degree, industry, current and previous employer, job functions, and more.

Chuck Taylor, VP of Marketing, spoke about the main function that sets Affinity Circles apart from competitor LinkedIn. “We encourage a lot of communication within the platform. I can send a message to anyone even if I’m not connected to them, which is one of the key differences between Affinity Circles and LinkedIn. There’s no requirement to go build out your network with a whole bunch of people before you can start communicating. Because we have these closed networks, we give every member of the community access to every other member for communication purposes.”

New features to the recruiting platform include:

1) The ability to run targeted media campaigns that promote employer’s opportunities to users meeting pre-specified criteria. Campaigns now extend beyond the inCircle community platform, in the form of emails that highlight opportunities waiting for users in the community. The system remembers the campaign criteria as long as the campaign remains active, and automatically promotes the corresponding opportunities to new users who join the network after the campaign is created.

2) The inCircle Recruiting candidate management system that enables employers to create talent pipelines for each of their job roles and to communicate with qualified candidates who have expressed interest in being contacted by a recruiter about those opportunities.

“Another big difference between Affinity Circles and LinkedIn is that we allow recruiters to specify what types of characteristics they are looking for,” Taylor said. “We have eleven different targeted parameters like current job role, current function, academic degree, and current employer. Candidates that meet those qualifications get a response from the employer for specific job opportunities. So we are defining a relevant audience for the employer, and then we’re measuring the degree to which we connected with that audience.”

Popularity: 2% [?]

AfterCollege Expands Posting Service to 3,650 Departments, Student Groups

Thursday, June 12th, 2008

The largest career network for college students and alumni has broadened its employer posting service to include 3,650 academic departments and student groups at over 1,000 U.S. colleges and universities. Most academic disciplines, including business, liberal arts, tech/engineering, and allied health are included within the site’s reach.

Employers utilizing AfterCollege can now choose from a much larger, more diverse network to advertise jobs, internships, and events to their target academic audience. They may purchase credits for occasional postings, or they can buy a package with unlimited privileges.

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Popularity: 2% [?]

Macquarie Group Dumps Shares of Monster

Thursday, June 12th, 2008

Macquarie Group Ltd, a diversified international provider of banking, financial, advisory and investment services, headquartered in Sydney, Australia, sold the 1200 shares they owned of Monster World Inc (MNST).

To see which companies are also jumping ship, visit www.mffais.com/mnst.html.

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NotchUp Debuts Resume/ Profile Importer

Wednesday, June 11th, 2008

 Notchup.com, a job site that matches A-list workers with the companies that are willing to pay for the privilege to interview them, has a new feature that allows candidates to upload their resume or import their profile from LinkedIn.

Prospective interviewees can still name their own price – often between $200 and $500 per interview – and now they have an even easier time linking their customized profiles to employers.

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Popularity: 2% [?]