Recruiting-industry watcher Cheezhead reports that job-board web-site TheLadders may be for sale. I agree. In Silicon Valley, it’s an old story. Does an entrepreneur start a company to create value, or with a quick exit strategy at the heart of the business plan?
When the entrepreneur comes from another company whose reputation is for bargain-basement wares that don’t work, you don’t even need to ask. Ladders founder Marc Cenedella came from HotJobs, that bastion of quality job-postings whose success at filling jobs doesn’t even warrant mention. Well, heck, let’s mention it anyway. CareerXroads reports that less than one-half of one percent (0.05%) of jobs filled by companies come from HotJobs. The product doesn’t work. (In comparison, Monster’s success rate among employers is around 2%. Whoo-wee. Compliment all the HR brainiacs who have sent billions of dollars to Monster.) Read more →
I’m a headhunter and a writer. I don’t know a darned thing about bikes, but when I look at the V-twin engine on a Victory motorcycle in the window of a local bike shop, I see perfection. Smack me, but it makes me feel like I just closed a deal and placed the right candidate in the right job and the match is forever. Of course, one has nothing to do with the other. Right? Wrong. The image of perfection is the image of quality. You know it when you see it. I see it in that V. Read more →
It’s getting so you can’t avoid the cheesiness of the job boards no matter where you turn in the career industry, because they seem to multiply like the spawn of Bernard Haldane. After embarrassing themselves at data-base dumps like HotJobs, job-board executives re-form similar operations under new names, and run the same rackets. The trend now is to sucker-punch the “$100K+” market — managers who believe they can buy their way into the next corporate suite for the price of a “Premium Membership.”
Marc Cenedella (formerly of HotJobs), the founder and CEO of TheLadders (“The Most $100K+ Jobs”), sends his members regular solicitations that compete with the ripest junk-mail ad-copy scenting your e-mail box. A reader passed along a sample that had me howling, until tears ran down my cheeks for the $100K+ suckers who swallow it. Read more →
Well, the news is out and once again, I shake my head. Bloomberg reports that, according to the US Labor Department, jobless claims are at a 27-month high. Goobers! And I guess we can bank on that (or close our empty accounts) because, “Monster Worldwide Inc., the New York-based owner of the most-used Internet site for help-wanted advertising, said today its employment index declined in January to the lowest level in almost two years.” (Its “employment index”? Monster’s success rate at filling jobs sucks. Why do any statistics from Monster matter? Er, ah, it’s news.) Read more →