Thursday, May 19, 2011

LinkedIn offering new services for recruiters

Will LinkedIn put headhunting firms out of business?

Probably not, but it's definitely turning the recruiting world on its head.

LinkedIn - which priced its initial public offering Tuesday at $45 per share, giving it a market value surpassing $4 billion - operates an online social network for professionals. The largest and fastest growing part of LinkedIn's business is "hiring solutions," which include a variety of services for in-house and external recruiters.

These services include online job postings and ways to organize job searches and share them with others in your department or company. But the game changer is the ability to quickly identify and contact passive candidates - people who seem to have the necessary background, education and skills but are not actively seeking work.



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