Will Facebook’s Talent.me, Branchout or Beknown work as professional Networks?

January 18th, 2012 by Jordi Gili

You don’t have time for all the reading? Here’s the conclusion:

Linkedin is clearly targeted at white-collar [1] professionals (controllers, project managers, managers, senior directors, business owners …) while you will find little or no blue-collar [2] professionals on the network. Facebook apps are targeted at blue-collar professionals and jobs and therefore are covering a space that was previously not covered by any professional network.

Our understanding is that professionals who are pursuing a consistent and growing career path, clearly separating personal activities from professional relations will NOT use Facebook apps as their preferred professional social networks, while those (arguably blue-collar workers) that do not plan a career may find it useful to navigate job opportunities and passively exposing to staffing firms while socializing with friends and playing games on Facebook.  The separation line between professional and personal is very thin on Facebook, so it may be very convenient. The opportunity is huge for staffing firms, with access to all Facebook addicts and therefore passive candidates.

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How we got to the conclusion:

Ok, so after all the hype, we finally decided to join the 3 most popular so-called professional network apps for Facebook. Those names are (today) Talent.me, Beknown.com (Monster.com’s desperate attempt to jump into social networks) and Branchout. For those who may not be so familiar with these apps, they basically are Facebook applications that helps you manage your professional network. One of them will be the application that will kill Linkedin (or so they say). It would be wise to check them out before reaching a conclusion. This is the sort of emails that you receive when you join:

Thanks for joining – the Professional Networking App on Facebook! Our goal is to build the best tool for advancing your career.

Unleash the power of your friend and professional network with the app! Here are a few of the many things you can do:

Search over 3 million jobs
Showcase your talents to employers and recruiters
Get endorsed by your friends & colleagues
Find recruiters to help you with your job search
Get inside connections for leads and referrals

So go ahead – connect, endorse and share with your friends and colleagues.

When you join the apps, they let you import your Linkedin’s full profile (Beknown also lets you import your Monster profile). That’s good since it will let you be up and running in no time. They will also ask to import all your professional connections. Is that wise? I wouldn’t say so. Let’s see first what these platforms offer.

They basically offer the same that Linkedin does (it’s quite stunning to check that all of them offer the same basic treats, no differentiation!):

  • Add connections (Grow Network)
  • Update headline (There is  a Wall of updates from connections – Activity feeds)
  • Make suggestions to connections, Endorsements
  • Add talents (similar feature to newest Linkedin’s – with questionable value)
  • Jobs (promote, post, share, apply, …)

Jobs may be the single most important section of the apps. Today they are only useful within USA, since it does not support jobs outside that country. Interestingly enough, all what they do today (due to their limited internally generated open positions) is connect with outside platforms, like indeed.com for Talent.me and monster.com (obviously) for Beknown.  In order to promote job listings, posting a job offer is free today so it may be a good opportunity for staffing firms to jump on these tools soon.

Conclusion:

Linkedin is clearly targeted at white-collar [1] professionals (controllers, project managers, managers, senior directors, business owners …) while you will find little or no blue-collar [2] professionals on the network. Facebook apps are targeted at blue-collar professionals and jobs and therefore are covering a space that was previously not covered by any professional network.

Our understanding is that professionals who are pursuing a consistent and growing career path, clearly separating personal activities from professional relations will NOT use Facebook apps as their preferred professional social networks, while those (arguably blue-collar workers) that do not plan a career may find it useful to navigate job opportunities and passively exposing to staffing firms while socializing with friends and playing games on Facebook.  The separation line between professional and personal is very thin on Facebook, so it may be very convenient. The opportunity is huge for staffing firms, with access to all Facebook addicts and therefore passive candidates.

[1] See white-collar’s wikipedia definition here

[2] See blue-collar’s wikipedia definition here

2 Responses to “Will Facebook’s Talent.me, Branchout or Beknown work as professional Networks?”

  1. Hey Jordi,

    Very interesting article, thanks for using BranchOut! My name is
    Alison Hillman, I’m BranchOut’s Community Manager.

    BranchOut leverages Facebook to help professionals improve their careers and assist companies to hire the best candidates. Facebook is significant for 4 main reasons:
    Facebook is the largest social network – with 800 million monthly active users. LinkedIn only has 40 million monthly active users, meaning that Facebook is more than 15 times larger than LinkedIn.

    Facebook is more diverse thank LinkedIn. LinkedIn focuses on the top 10% of the workforce: upper-level, white collar managers. BranchOut, like Facebook, has this demographic, as well as the other 90% of the workforce. Companies can hire the full spectrum of their workforce – not just top managers – on BranchOut because it reflects Facebook’s global diversity.

    Facebook has the highest level of engagement. People visit Facebook and spend more time on it than any other site. 50% of all users visit Facebook every day. People share more information on Facebook than any other site.
    Facebook is where you connect with your real relationships – your family, friends, and closest colleagues, not someone you met at a conference for 5 minutes.

    BranchOut is more powerful than other professional networks because it leverages the scale, diversity, engagement, and strengths of relationships on Facebook. Happy to be a resource if you have additional questions.

    Cheers,

    Ali

  2. Jordi Gili says:

    I just found a great article on the Wall Street Journal that actually confirms our vision of the current situation
    http://www.nytimes.com/2012/01/08/business/branchout-and-beknown-vie-for-linkedins-reach.html?scp=1&sq=branchout&st=cse

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Seminar: Linkedin and Job Search

January 18th, 2012 by Jordi Gili

I’ll be hosting a seminar tomorrow Jan 19 2011, invited by Barcelona Tech University’s FIB Alumni network. If you happen to be around, please sign up! Find the link here

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A goal without a plan is just a wish – the seminar

December 21st, 2011 by Jordi Gili

I’d like to recommend a seminar that will take place on January 2012 in Sunny Barcelona.

Personal SWOT ® Seminar on Thursday January 12th at 19h at the Facultat d’Informàtica of Barcelona, by the world-class professor Lluís Soldevila from ESADE Business School.

A goal without a plan is just a wish.

In the world of business, consulting first aims to solve business problems. To do this, the use of methodologies is widely used in order to provide a scientific base. Not surprisingly, however, on a personal level we are unable to use this same scientific principles. The causes are diverse, ranging from ignorance of how we are and how we operate, to how to establish and measure our goals.

This session will be delivered in Spanish and will discuss what consulting techniques we can bring to the personal field to achieve the goals we determine and ultimately achieve success in our lives.

Find more info at the seminar website.

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The need for a Linkedin 3.0 is here

October 20th, 2011 by Jordi Gili

On top of Linkedin’s obvious  source for income, advertisement, other powerful sources, such as Job Advertising, Premium features and Advanced Sourcing Tools are today’s Linkedin main lines of revenue; and by the way alliances with Talent Management Solutions like Taleo do not seem a good move for the near term, nor the long term (it will become a stone in their shoes).

Last month I had a conversation at HP with a Senior R&D Manager, Mr. Marc S., where he expressed the need of his team for a place where they could truly collaborate.  “Of course we have collaboration tools, but it is not natural for us to jump on the intranet to share, while it seems very natural to me to jump on Linkedin and collaborate and interact with other professionals”. We are anticipating the need for this sort of solutions for some time now. Please read our article The future of Corporate Social Networks.

Companies need a corporate social network that is USED

There are firms where more than 50% of the professionals are already on Linkedin, so what is the big step the network can take to capitalise on this potential? The answer is SATISFY THE NEED FOR A CORPORATE SOCIAL NETWORK, a true professional Facebook. Well, Linkedin is already a 2.0 tool (connecting with people, creation of collaborative content – recommendations, questions, answers ….) so it’s time for 3.0. At the time of this article, Linkedin stands at 130m active users (no official data, own produced figures) so the base for a revolutionary new product is there. Linkedin just needs to provide a private, secure space to create and share internal content and could easily claim their supremacy on professional collective tools.

Of course Sharepoint, Sironta,  Zyncro, Chatter, Socialcast… are well known tools, but professionals need  to make an effort to jump on them and work. Just like you do with Facebook for your personal life, where you do not have a real reason to be there, navigating to Linkedin is how you are alredy managing your professional life, so “just being there” is the most natural driver for the cornerstone of a collaborative corporate social network: Utilization.

Under a different light, the opportunity is there for providers of collaborative environtment to actively present to Linkedin their products. They may – ver well – be thinking about it as we speak.

Interestingly enough, in one of the most relevant articles written on corporate social networks (Businessweek, 2009) Starting a Corporate Social Network? Don’t, the author commented “Save your company’s cash. Leveraging Facebook, LinkedIn, and Twitter is fast, easy, and free”. A comment on the article, just a couple of months ago, read: “I’m sorry? Use Facebook/LinkedIn/Twitter for your CORPORATE information? That’s the dumbest idea I’ve heard in a while. Sorry to be blunt about this, but as a CIO responsible for security and technology for one of the largest companies in the world, I would be horrified to find my employees talking shop on a public social media platform (and that’s relevant no matter the size of the company).Articles like this are dangerous.”

Well, mister CIO, think again. Linkedin will be 3.0 and YOU will be there.

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Continued discussion – Do you need a Linkedin premium account?

September 14th, 2011 by Jordi Gili

There have been several comments on the previous post (why you don’t need a Linkedin Premium account). In particular, Victoria Ipri (at ModelloMedia.com) shares the following comment:

“Submitted on 2011/06/06 at 3:47pm

Jordi, I  wanted to add a thought.

One of the things I appreciate about the premium account is the Trends information, which is expanded to rank keyword importance by percentage. For example, since I teach and train in the use of LinkedIn, I use the words “LinkedIn” heavily within my profile to make it easier for members to find me and, therefore, the services they seek. Because my premium account allows for expanded analytics, I have been able to track + or – changes that demonstrate which keywords led members to my profile. For example, just a few short months ago, “LinkedIn” was responsible for about 7% of all profile visits from other members. It now sits at about 43%…likely due to the influx of new members stemming from the attention LI received for its IPO. But this is important to me for many different reasons. Of course, other phrases are tracked as well.

Additionally, when searching member profiles for specific keywords and phrases, I can see sections of profiles highlighted to match my search, which streamlines the process. Non-premium members do not see this. There are other important differences as well that make it worth the relative low monthly cost.

It stands to reason that one must optimize his or her profile to receive these benefits.

LinkedIn has done a subpar job of outlining the benefits of a premium account. Some members feel ‘ripped off’ by numerous changes to fees and structure (I hear there is a $7.95 monthly fee for yet another class of user.) It is confusing to most; ergo, the ongoing ‘bad press’ about paying for a premium account.

Bottom line- if you’re a power user of LI or do a lot of research on the site, the premium account is a no-brainer. If not, save your money. If you’re undecided, sign up and use the heck out of it for one month, then cancel out if you’re not satisfied.

On a side note, Jordi, when I am able to see exactly who has viewed my profile, I send them a note inquiring as to how I can help. It’s been a substantial approach to opening doors to new business.”

Great comment and tips from Victoria, that contribute to the discussion. I may agree to most of them, but I still doubt it’s good value for the money. More Ideas?

4 Responses to “Continued discussion – Do you need a Linkedin premium account?”

  1. [...] [update 09/2011: A new discussion thread has been opened in: Continued Discussion: Do you need a Linkedin Premium account?] [...]

  2. Thanks for posting this, Jordi! One more perk I’d like to add: While LinkedIn’s customer service is notoriously slow, paid members and members who advertise on the platform get ‘express’ customer service. My questions are always answered promptly.

  3. Chris says:

    Jordi,
    I enjoyed your articles relating to LinkedIn. Another avenue that I would like to see you comment on in one of your articles is the true value of recommendations if people outside of your network cannot see them. If someone is already in your network, they are supposed to already knowyou, so recommendations are not as valuable in this case. If you put the URL of your LinkedIn onto your resume, it would be great if the potential employer saw those recommendations when they looked at your profile. At the very least, one of the benefits of LinkedIn premium should be that you can see everyone’s recommendations. That would make it very worth it for HR and recruiters. Thoughts?
    Thank you,
    Chris

  4. jgiliriu says:

    Hi Chris,
    Thank you cor your comment.
    Re your question, my quick answer is that Recommendations really matter! Recruiters have premium tools that allow them to see full profiles of the professionals they are reviewing, even if they are out of their network.

    So, yes, this is a perk you get when you upgrade to Premium and should be included in the list

    Jordi

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