August 2011 News Roundup

job board news

  • Universum Development buys Doostang: Universum Development, the parent company of employer branding provider Universum Group, said yesterday it has purchased job site Doostang for an undisclosed amount. Doostang markets itself as a career platform expressly for young professionals. The site was founded in 2005 and helmed by Chuck Taylor.
  • TheLadders gets a Russian competitor: Upladder, a job site bearing a familiar name and solutions, announced today its debut in Russia. The site, a product of Fast Lane Ventures Group, will cater exclusively to professionals in Russia earning over 100,000 Rubles per month.
  • Job board industry launches first benchmarking effort: In a survey launched recently, the industry’s trade association, the International Association of Employment Web Sites, is looking to establish benchmarks for dozens of performance metrics.
  • Job board, staffing cos. slide: Shares of staffing agencies and online job board companies slid after a government report showed there was barely any hiring last month. The government said U.S. employers added just 18,000 net jobs in June, the smallest amount in nine months. The unemployment rate rose to 9.2 percent.
  • CareerBuilder launches mobile app for employers:  Job site CareerBuilder’s app, called CareerBuilder for Employers, is being touted as the first of its kind because only hiring managers and HR reps at companies can access its solutions. Within the app, employers can sync directly to their existing CareerBuilder accounts and gain access to job applicants.
  • Dice Bests 2nd Quarter Estimates:  Job board owner Dice Holdings reported that it earned 6 cents a share on 2nd quarter revenue of $29.9 million, coming in better than Wall Street’s expectations. Analysts estimated revenue would be right around $28.7 million with an average earnings estimate of 5 cents a share.
  • Monster reports strong quarter, sees stock drop: On a day when new unemployment claims fall below 400,000 for the first time since April, and Monster reports its strongest quarter since 2008, what happens? The company’s stock opens down and only goes lower.
  • Bullhorn Mobile recruiting app provides instant access to candidates, clients and jobs: Staffing and recruiting software company Bullhorn  announced the Bullhorn Mobile, which helps recruiters by giving them everything they need to sell and recruit while on the go. Bullhorn Mobile delivers client, job and candidate history, candidate search, resume viewing and more. Recruiters take full, up-to-date knowledge with them into meetings, can collaborate face-to-face with clients, and then take action immediately.
  • Launches Cloud-Based Search and Analytics Platform: announced the release of the world’s first cloud-based semantic search and analytics platform for managing companies’ own resume databases. Known as SeeMore, the new release is built on Monster’s multi-patented, highly successful 6Sense semantic search technology.

employment news

  • Two Years of Economic Recovery: Women Lose Jobs, Men Find Them: From the end of the recession in June 2009 through May 2011, men gained 768,000 jobs and lowered their unemployment rate by 1.1 percentage points to 9.5%.  Women, by contrast, lost 218,000 jobs during the same period, and their unemployment rate increased by 0.2 percentage points to 8.5%, according to a new Pew Research Center analysis of Bureau of Labor Statistics data.
  • Recession increasing burn out in employees:  Nearly half — 45 percent — say they think workers at their organization are currently burned out on their jobs, a U.S. survey indicates.  The national survey, by, was conducted May 19 to June 8, included more than 2,600 hiring managers and human resource professionals and nearly 5,300 employees.



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