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The month that was: job boards, online recruiting, and more

Latest News 1Ok, it’s been a bit more than a month since the last news round up – I blame it on the holiday season. But now I’m working off those Christmas cookies, so here’s all the news that’s fit to print, more or less:

  • Chris Russell sells out: Well, at least he hopes so. Chris has put his 20-site job board network on the market. The offering includes AllCountyJobs, FairfieldCountyJobs, and others. Sounds like a great deal for the right buyer!
  • Unrabble adds job distribution: Unrabble has expanded its hiring software platform to include cross-posting to Indeed and SimplyHired. Just in case you weren’t already doing that, you see.
  • SuccessFactors acquires Jobs2Web: Spending $110 million just a few days after being acquired by SAP, SuccessFactors picks up job posting distributor Jobs2Web. I suspect this is not the last we’ll hear from SuccessFactors in the online recruiting space.
  • Job boards refuse to die: Bersin & Associates releases a study that shows 19% of new hires come from job boards. Spending overall for recruiting rose as well to $124 billion in 2011. In related news, Chris Russell raises the sales price on his job boards.
  • It’s like eHarmony for geeks: Actually, no. CodeEval is a coding ‘challenge’ site where programmers compete for prizes and jobs. Now they’ve opened up their candidate database to employers for only $500/mo. They won’t be the last.
  • Dice Holdings has a 92.9% gross margin: Yep, it really does, at least according to these folks. (Note to Chris: call Dice.)
  • LinkedIn insiders sell: Although the NASDAQ is up 18%, LinkedIn stock has dropped from $83 to $69 – yet LinkedIn CEO Jeffrey Weiner netted $25.7M in early selling. Perhaps the stock is overvalued? Say it ain’t so!
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