The biggest threat to traditional job boards may come from LinkedIn. Think of LinkedIn as Facebook with a "professional bent." It's essentially a social networking site that has been evolving to compete against traditional job boards. As a result, people are building some incredibly strong networks that are opening up doors of opportunity in various different industries. I've met all sorts of interesting physician executives and have also had the opportunity to do some professional matchmaking. "The networking even 'pushes' candidates to employers who meet preset criteria... while some LinkedIn members may not want to hear froma recruiter, they'll often send a message along to someone else in their network."
So will Monster continue to stay at the top spot?
- The PROS for Monster are: strong brand awareness; deep resume database.
- The CONS are: expensive (for recruiters and companies, free for job seekers); too many unqualified applicants