After some months of defining the tool that will empower the explosion of active and passive candidate sourcing using social networks, our friends of Jobvite have come up with the first version of the appropriate solution.
They have created a single web-based application that, amongst other very common and useful options, will CRAWL the social network sites for you. It will go through Linkedin, Facebook, Twitter, MySpace, Xing, Plaxo, Google Profile, other, … with a single query and present the results in a single consistent, social network independent view. You can also add filters and include/exclude networks.
For instance, let’s run a search for a “Product Manager”. You receive 872 relevant results, obtained via social networks and other sources. Compares to the 128 million results if you use Google. Please see a detailed image here.
While 95% of companies that are using social networks for recruiting are using Linkedin today, I’m estimating that this particular social network will become more and more generalist in the profiles and range of sectors, to an extent that it will become somehow unmanageable to source for the particular profile that you are looking for under the myriad of results that a single query will get you.
At the same time I think that there will be a tremendous growth of niche professional social networks that will group executives with closer views, needs, issues and desires to belong to a closer community. Potentially professional organizations with thousands of affiliates today will launch internal Facebook-type applications, fully customized to the organization.
Both trends make us feel that the Jobvite tool is very well positioned to capture the full potential opportunity. With very little maintenance they can simply add niche networks as they grow and become relevant sources.
That is a major breakthrough. My personal opinion is that Jobvite are the segment creators and leaders of this new recruiting approach and I would be pouring dollars into this young company (if I had any!). Actually this San Francisco based young company has just secured investments from ATA Ventures and CMEA Capital for $8.25 million (Jobvite Press Release ).
We just have to recognise the vision of the company’s leadership team and congratulate them for a great product. Well done!