SEEK Limited revenue grew by 35%, registering a net profit of $89.5 million, a 62% increase from FY 2009. 

SEEK Employment’s (the job board business)  revenue grew by 1% from 170.9 in FY09 to  172.8 million in FY10, which is a small percentage, but it’s an impressive performance considering it is generated in the midst of the GFC. Revenue from SEEK Training grew significantly. SEEK Learning, in particular, performed very well with revenue increasing by 45%. Again the GFC has probably a hand in this, with many choosing to retrain and invest in education during the downturn. Overseas investment are also starting to pay dividends too.  Read more...

How do executive recruiters navigate the evolving sourcing landscape? Paul Jury (Head of Executive Recruitment) sheds light on Talent2’s experience.

Talent2 was founded as a high-touch executive recruitment business focused on middle- and senior-level permanent and contract appointments. It has an experienced team of recruitment consultants who are recognised as leaders in their specialist areas. While our brand proposition might not traditionally be associated with the use of job boards, we strongly believe they can be utilised to greatly compliment high-quality executive level recruitment assignments.  Read more...

In line with yesterday’s post, Clifford Rosenberg sheds light on the progress of Linkedin in Australia.

The Australian recruitment industry has been rapidly evolving given the dynamic changes in the economic and social environment. In the early days of the Internet, we saw a shift from traditional recruitment mediums, and a rise in adoption of online channels such as job boards. Now we are witnessing another significant shift with the emergence of social media and online professional networks like LinkedIn.  Read more...

Jeff Weiner, CEO of Linkedin, wants the company to be synonymous with ‘talent’ just as ‘Internet Search’ is for Google. In an interview with Techcrunch, he talks about past achievements and sheds light on future plans. Not surprisingly, Linkedin’s recruitment products are the largest and fastest growing part of the business. However, Jeff is careful to differentiate Linkedin from job boards. Here’s his take:  Read more...

The 2010 Job Board Report is ready for download here. Here are four observations from the report:

The Competitive Landscape
The wrath of the downturn spared no one; industry revenue dipped by 21%.  However, the industry grew in numbers even in the midst of falling revenue. We recorded 270 jobs boards, an increase of 14% from last year, and many more are still in the woodwork (we counted around 50). Convinced that the print industry has no long-term future, job boards are buoyed by the fact that spending on print media still amounts to an estimated $400-600 million every year.  Read more...

Linkedin introduced a new Faceted Search functionality. I did a trial run and it’s very impressive. Filtering search results is quick and easy (A search for Project Manager returned 2,608,432 profiles, by selecting ACT as a location it cough up a manageable 17 profiles). I think as far as finding people is concerned, Linkedin is getting better by the day.

PS: On another note, I recently bought Linkedin’s DirectAds and while the setup is painless, the results were far from effective. What is your experience with Linkedin?

If you are a CEO, no one really trust you. Any day consumers prefer the opinion of their friends or peers.

In his groundbreaking study, Frederick Reichheld, argues that a company’s growth is strongly tied to the voluntary marketing efforts of loyal customers; fans recommending and selling on behalf of a company. In other words, positive word-of-mouth.  Read more...

It is difficult to ignore the progress of an operation with 41 million members. Linkedin is growing in strength by the day. Already, some 700,962  Australians have a profile on Linkedin (Type country:”Australia”). Impressive numbers by any count.  Read more...

State of the recruitment industry
Recruitment firms’ performance is often a good barometer to measure the state of the economy.  Current standing of the industry on the ASK is not flattering. SEEK’s share price, the best performer of the pack, currently stands at $2.53, a far cry from its heydays. However, performances have to be viewed in the background of the Australian share market plummeting as a whole. Australian share price trends since 1900  Read more...

New benefactors of Linkedin continues to emerge.

Close to 500,000 Australian professionals are listed on Linkedin. Which players in the human capital marketplace are under threat by the Linkedin juggernaut?