After recent announcements by Facebook and the rise of networking platforms like MySpace,
LinkedIn, and Ning, social networks are once again gaining momentum. Usage is accelerating, new audiences are being drawn in, and new applications are being developed that can help us all better manage our lives and contacts. Recruiters stand to benefit most from these trends, and here's how.
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One of the biggest challenges in online recruiting has been a lack of detailed, regularly updated and public information on candidates. Social networks have the ability to change this, and we're still in the early-adopter stage. There are signs that social networks are growing up, expanding their audiences beyond the earliest adopters, and increasing their usefulness to recruiters.
7 J% Y4 X7 f$ ?, g/ g, H8 c' lReviewing the Major PlayersEach social network has its pros and cons for recruiters. Here is my take on each of the major players in the space.
m. \) s" f. P/ q! ALinkedIn
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LinkedIn now has a bigger population than Sweden, according to the site. That is at least more than nine million people, although no statistics are available on how many people on LinkedIn are blond-haired, blue-eyed, and eat Swedish meatballs. Recruiters regularly report that LinkedIn is their most effective recruiting tool for a range of difficult-to-fill, experienced, and niche positions.
3 H R p: l6 _The beauty of the LinkedIn model is that it has created an environment where professionals can come and look for work, without appearing as though they are looking for work. In other words, they've found the holy grail in recruiting: the semi-active and passive candidates.
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They excel with more experienced and niche candidates. The environment feels almost like a resume database, although their versions of resumes are supercharged by personal recommendations from past co-workers that can often provide insight into how good a person really is.
, _% H8 x/ {0 dOf all the social networks, LinkedIn has the clearest opportunity to cut into the job boards' domination of online recruiting and perhaps one day become the de facto standard for how people find jobs and build/publicize their resumes.
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To accelerate this process, I would recommend that the company focus on user education and functionality (how you use your network to find a job, for example, as not everyone is a natural networker). In addition, learn ways to draw people into the community and give them incentives to update their information, establishing themselves as a member of the recruiting community through outreach, events, and educational whitepapers.
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Facebook
" _3 Y- q4 |, C% QFacebook is currently growing the fastest of any network and now has over 30 million profiles.
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Perhaps the most interesting feature of the site is the News Feed, where you see all of the things your friends are doing within the community, groups that they belong to, applications they've downloaded, or just messages they've posted: it's like word-of-mouth on steroids.
/ [4 f' a; J5 R: J+ P$ ^6 W/ t/ LFacebook recently opened up their code base for other developers, which will rapidly expand their user base since other applications you use regularly and are tied into Facebook will effectively drive traffic for them.