What’s going on in the job board and online recruiting industry? Well, a lot, actually. It’s almost like no one takes a vacation around here (including the JobBoardDoctor). Nonetheless – let’s take a look-see at the latest and greatest:
- Talent.io lands some cash: Talent.io, a French job board/recruiting agency hybrid, has gotten $2.2M in new funding. The company is interesting (to me, at least) because it starts a new hiring ‘session’ every two weeks; candidates sign up, Talent.io screens them, and then lets the finalists meet hiring companies. They think it’s scalable – I’m not so sure.
- ReferralMob also lands cash: Boston-based ReferralMob offers a website and mobile app that charges employers to access its “mob” — a network of people who, if they successfully refer a candidate, receive large cash prizes that can be split between the new employee and the referrer. They claim to have near-instantaneous matching, since people are looking to score a big hiring bonus. Apparently investors were impressed enough to give them $2M in seed funding.
- Concierge service for candidates?: TripleByte, which was founded by one of Y Combinator’s earliest partners Harj Taggar, is trying to make it easier for startups to hire technical talent by pre-screening them for their coding abilities – and they’re extending this idea a step further with a new concierge program to fly engineering candidates out for interviews with multiple YC companies in San Francisco and Silicon Valley. Wow.
- Monster beats earning estimates: Monster beat Wall Street’s financial expectations for Q2, and its stock price jumped almost 10 percent on the news. The company reported earning 10 cents a share on total revenue of $180.4 million. Analysts were forecasting 8 cents after excluding certain expenses. Including those expenses, Monster posted a $1 million loss, versus breaking even a year ago.
- ZipRecruiter launches job affiliate program: ZipRecruiter has started a new program called ZipSearch, which websites can add to get additional revenue. ZipRecruiter claims you can earn between .08 per click to $1.00. Interesting.
- A new New York Times job site: The New York Times has launched T Jobs, a talent acquisition solution on NYTimes.com that grabs jobs from the RealMatch network. T Jobs may work in conjunction with The Times’s print classified job postings. Interesting move by the Times.
- CareerBuilder acquires TextKernel: CareerBuilder has acquired Textkernel, a Netherlands-based company specializing in semantic recruitment technology for an undisclosed amount. Textkernel’s technology uses machine learning and natural-language processing techniques to extract and make sense of CVs and job descriptions. Smart move by CB.
- Slashdot, Sourceforge to be sold: Dice – um, DHI Group – is selling Slashdot and Sourceforge, two tech news aggregation and collaboration sites it acquired almost three years ago. Company officials say their results have been disappointing. In other DHI news, the company reported second quarter profit of $5.7 million on revenue of $65.8 million.
- LinkedIn revenue up, stock down: LinkedIn reported earning 55 cents on $712 million in revenue. When expenses typically excluded from the earnings forecast are included, LI lost $68 million or 53 cents a share. Wall Street was expecting a GAPP loss of more than twice that amount. More than half the second-quarter revenue came from LI’s Talent Solutions group.
- Freelancer.com revenue is up: Freelancer Ltd., the operator of online staffing provider Freelancer.com, reported earlier this week that revenue rose 40.8% in the first half of 2015 to AUS$16.8 million (US$12.8 million) despite a loss for the period of AUS$1.3 million (US$983,000). The Australia-based company also announced the acquisition of an online payment platform, Escrow.com.
So much for a lazy summer. I’ll check with you next month on the latest news![Want to get Job Board Doctor posts via email? Subscribe here.].