GlassDoor, Monster, StackOverflow, and other news of the online recruiting biz
February 18, 2015
Just a month has passed since the last update, but as you probably guessed, plenty has happened in the job board industry. Let’s find out what:
- Another LinkedIn, only European: Shapr is coming out of beta. The site limits the number of people you can have in your network to 50, and also offers curated ‘matches’ for you to add to your network. Fast growing it isn’t – it only has 2500 users thus far.
- StackOverflow cranks up: StackOverflow, the Q & A site for developers, has landed $40M in funding. The money will be used to expand offerings for employers. More than 200 people work at New York-based Stack Exchange. Dice, take note!
- Dice makes more moolah: Speaking of Dice, their $27.6M net income for 2014 exceeded the preceding year by 70%. Its Energy and Healthcare segments showed the best 2014 boost in revenue, with Energy up 30 percent year over year (YOY), and healthcare revenue more than twice that of 2013.
- Match-Click launches: A new startup has launched that focuses on the creation of attractive job postings and related content – saving the candidate collection for later. Match-Click is working with a handful of global companies, including L’Oreal and Ernst & Young, as well as a few smaller organizations. The service is intended to fill entry-level to mid-level professional positions, with salaries ranging from $75,000 to $150,000.
- GlassDoor looking to go public: Company and employer review site GlassDoor Inc. is looking for a new general counsel, and the candidate better have public-company experience. Though the company hasn’t yet publicly filed for an initial public offering, that’s clearly the plan. I’m shocked, just shocked!
- Monster’s numbers hurt by overseas activity: The financial health of Monster Worldwide, the owner of Monster sites in North America, Europe and Asia, deteriorated further in FY2014 from FY2013. But, if it wasn’t for a massive goodwill writedown (forced onto the company by a shrinking market capitalization) and weaker euro, the report card would have looked very different. Total revenue dropped to $770M, down from $808M in 2013.
- CareerBuilder launches a labor market index: CareerBuilder and Economic Modeling Specialists Intl. (EMSI) announced the launch of the Labor Market 150 Index – a ranking of the labor markets in the 150 largest U.S. metropolitan areas. The quarterly index is comprised of several historical and leading indicators that measure the overall dynamism of metropolitan job markets. Employment levels, unemployment rates, growth projections, job listings, and the abundance of high-paying new jobs are all important factors in the ranking.
- LinkedIn has a very good year: LinkedIn reported another winning quarter this afternoon, bringing in $643 million in the last three months of 2014, with recruiting sales accounting for 57.4 percent of the total. The quarter capped a go-go year for LinkedIn, which saw its 2014 revenue grow to $2.22 billion, a 45 percent increase 2013′s $1.53 billion. I wonder what 2015 will bring?
- Hireology makes gains in 2014: Chicago-based Hireology, a startup that provides technology to help companies make better hiring decisions, said its revenue increased 173 percent in 2014, and it grew its customer base by 78 percent compared to 2013. Its Selection Manager platform analyzes the behaviors of top-performing employees to help companies identifying the best candidate for the job.
- WorkMarket lands some cash: Online staffing firm Work Market raised $20 million in growth capital. The investment was led by Union Square Ventures, with participation by Spark Capital, SoftBank Capital, Industry Ventures and Silicon Valley Bank. The company provides a freelancer management system.