Monster Acquires Yahoo HotJobs for $225M Cash

Recently USA's premier job-site Monster acquired another popular job-site Yahoo Hotjobs for a deal of $225 Million  cash. As part of the deal Monster will power Job listings of Yahoo for three years.

I feel it is a win-win deal for both the companies. Because Yahoo had been trying to concentrate on its main business i.e: internet products for sometime and in the process they are trying to offload businesses that are not aligned with their primary business.So this is a good deal for them.

On the other hand Hotjobs being a part of Yahoo had the benefit of Yahoo brand-name. Thus it was a very popular job-site. Now Monster can leverage from its traffic.This deal will increase Monster's market share significantly.

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Happy Days Are Here Again!!

By citing a survey by international recruitment firm Antal International, Times of India has recently posted an article which says that Indian Inc is hiring very aggressively.Among the surveyed firms 71% said they are hiring now.

"Manufacturing & auto sectors along with the traditional IT, FMCG, pharma companies have ramped up hiring, against what we witnessed in our previous survey. Increased hiring indicates that the need for exceptional talent is now ever more," Devasia added.- Source

 
Well, it is a very good news for recruitment industry.No one can forget the difficulty recruitment industry faced during recent recession. Most of companies across all sectors had stopped hiring. IT and some other sectors were directly affected by US financial meltdown and didn't have much projects. But firms in other sectors also stopped hiring as a precautionary measure.No one was sure how long it was going to stretch.

No hiring means no business for recruitment firms.Many consultings could not survive the storm and shut down.Arranging operating cost became difficult.Different cost cutting measures were taken. Some had to take hard steps like salary cut and in worst cases lay offs.

But now things are getting better. Storm has passed by. Market is optimistic. Most of the companies are hiring and of course thay need recruiters help. :)

I am sure we all have learnt our lessons from the recession. Lets start again- this time with more vigor, equipped with new skills!


(I had not noticed that Achyut Menon of Options  had posted a similar-themed nice post with the same title before me. Pls go through that also.)

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Simply hired goes social with Linked In, Facebook and twitter integration.

Simply Hired, the largest job search engine network, recently announced some new social job search features through integration with Linked IN, Twitter and Facebook.

Lets have a look at them.

They have introduced two main features:
1)Linked in Mash-up
2) Share with Facebook, twitter and Linked-in contacts.

1)Linked In mash-up:  Suppose you come across a requirement for which you are interested. You just have to  click 'Who do I know' button and it will show people who are in your network in linked-in and they work in the same company who have the job requirement.In my opinion this is a great tool, because you can ask your contacts in the company to refer you for the post, which increases your chances.

2)Share:  Here you can share good requirements with your contacts in twitter or facebook or linkedin. I have only one problem with this feature. When you share the req in Facebook or twitter it will be seen by all your friends or followers, out of them it may not be useful for 95% of people.

Social media is buzz word now. So this new features will definitely give boost to popularity of Simply Hired.I think all job boards will also start these features very soon.

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Applicant Tracking system - Zoho Recruit

Till now many of the recruitment consulting companies in India use spreadsheets to track applicants. But looking at the amount of information(email id, contact details, schedules, status) to be maintained and updated, using a applicant tracker system is a much better choice.Now a days there are many such applications are available in the market which helps in managing the recruitment process.But many of them are either costly or not convenient.

Recently Zoho lunched an online applicant tracking system called Zoho Recruit. Earlier it was a part of Zoho People, but now they have introduced it separately.For people who don't know, Zoho is and Indian start up with a range of products in  online office application systems.

Main Features:

• You can source candidates from multiple sources and do initaial filtering quite easily.It has its own resume database.
• You can keep track of the cadidate through out the interview process.you can schedule interviews, send mass mails, update ststus and keep notes in the application. 
  
• You can publish jobs on your site through Zoho recruit and attract resumes directly from candidates.

Useful for: It is definitely helpful for corporates as well as recruitment agencies.

Cost: It comes with both free version and standard edition($12/month/user).

Verdict: It looks to be good. Independant consultants and recruitment agencies who are looking for a good applicant tracking system can definitely check out this one.

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