Your company's social media activities are like an open book. As such, what you say may be used against you the next time you try to borrow money.Two puzzling and challenging aspects of business--funding and social media--are about to come together to become even more vexing than either taken separately. Lenders have begun to look at social media to vet borrowers, according to the Wall Street Journal. Although this new trend seems largely focused on consumers, businesses too, particularly smaller ones, could face loan rejections because of their social media activity.How It WorksHow could what you do on a social network influence a lender's decision
Finding the right job is about more than picking a career and making some money. It has a huge impact on our individual happiness and family lives. And for businesses, placing the right candidates in the right roles can mean the difference between success and failure.
In short, job search and recruitment are just too important to get wrong. So who do job seekers and employers trust most to get it right?
According to the latest Top Sources of Hire report from SilkRoad, the talent activation technology provider, the answer is clear, and it’s the same as it’s been for the past six years: Indeed.
Indeed gets jobs for more people than all other sites combined
Once, a wanted ad in the back of the newspaper was the cutting edge of recruitment tech. Then, online job boards were all the rage. Those days are long gone.
According to SilkRoad, Indeed delivered 65% of all hires made in the United States from online sources in 2016, which represents a further widening of an already commanding lead.
SilkRoad bases its report on data gathered from 14 million applications, 655,000 interviews and 329,000 hires. It’s the only report based on quantitative data versus qualitative surveys, so the report removes the bias associated with individual surveys. That’s a huge amount of information, so let’s break the numbers down and take a closer look at what they tell us about hiring today, and how Indeed compares to other job sites in particular.
First, we see that Indeed is responsible for 65% of all hires from job sites: effectively twice as many as all other online sources combined, and almost six times as many as second place Careerbuilder. It’s also an increase of seven percentage points over last year’s result of 58%.
When it comes to interviews, the numbers are even more striking. In 2016, Indeed delivered nearly three quarters of all interviews from job sites in the United States — 72% in total.
That’s 2.6 times as many as all other online sources combined and more than seven times as many as LinkedIn, our closest competitor in this category. But that’s not all: These numbers are up a massive 20 percentage points from last year’s 52%.
To put these numbers in context, SilkRoad also reports that today 86% of all interviews and 72% of all hires come from online sources. Indeed has consolidated its position as the primary resource of external hires for job seekers and employers.
Thirteen years of putting job seekers first
These numbers are no accident. They are the direct result of Indeed’s philosophy of putting the job seeker first.
As Indeed SVP Paul D’Arcy puts it: “Our laser focus on job seekers and our mission of helping people get jobs delivers results for employers. Work is such an important part of people’s lives around the world, and our entire business is built around understanding this importance and matching the right employee to the right opportunity.”
For thirteen years, we at Indeed have dedicated ourselves to placing the best of human skill and advanced technology in service of that aim by meticulously gathering and organizing massive…