Keep up with the latest hiring trends!
In the news this week:
LinkedIn’s Q1 2015 Earnings are In!
On Thursday, LinkedIn released the details of their Q1 earnings. According to the site’s official blog post, revenue for the first quarter was $638 million, an increase of 35% compared to $473 million in the first quarter of 2014. And the site’s non-GAAP earnings per share where $0.57. But while both figures beat analyst expectations, the stock took a big hit in after-hours trading (it went down more than 27%, effectively shaving off about $8 billion in market value), because of it’s weak outlook for the quarter ahead. The social network for professionals estimated that it would post earnings of $0.28 per share on revenue of $670 million to $675 million for the June quarter, well below the consensus estimate among analysts for earnings of $0.74 per share on revenue of $718 million.
For the current quarter, analysts had been expecting adjusted earnings per share of $0.56 per share, on revenues of $636.5 million, numbers that the company beat. LinkedIn also beat its own guidance of $618-622 million in revenues and non-GAAP EPS of $0.53. In fact, LinkedIn has actually beaten earnings expectations in every quarter since it went public in May, 2011. So it’s easy to see why stocks would plummet, when an usually weak outlook was forecast by the companies own analysts.
Revenue from Talent Solutions products (the ones you and I tend to buy), totalled $396 million, an increase of 36% compared to Q1 2014. And Talent Solutions represented 62% of total revenue in Q1 2015 and 2014. While revenue from premium subscriptions products totalled $119 million, an increase of 38% compared to Q1 2014. Premium subscriptions represented 19% of total revenue in 2015, compared to 20% of total revenue in the fourth quarter of 2014. According to LinkedIn’s Q1 statement, membership is at 364 million – relatively unchanged from last quarter’s report.
In a statement, LinkedIn CFO Steve Sordello said LinkedIn demonstrated continued solid growth during the first quarter. This performance comes amidst the backdrop of several important strategic investments to better position the business to execute on our long-term roadmap.
Our thoughts? Underlying the data is the fact that revenue growth is flat as is user growth. And while LinkedIn is still super profitable, it is beginning to stumble a little. That said, we doubt this is anything to worry about, just a sign that exponential growth is hard to maintain when you reach this kind of size.
Facebook Messenger Rolls out Video Chat
Get ready, recruiters! Facebook’s popular app is about to get a whole lot more in your face and a whole lot better for candidate communication and video interviewing.
Facebook announced last Monday a new iOS and Android update for Messenger that brings the ability to video chat other users. The feature is coming to 18 markets around the globe at first, including the U.K., Ireland, France, Greece, Mexico, Portugal and the U.S., with more to come over the next few months.
Rolling out video chat right now is a pretty savvy move on Facebook’s part. Periscope and Meerkat are less than three months old, but their early popularity indicates live video could really go mainstream this time, thanks to the prevalence of smartphones in many countries and faster mobile Internet speeds. Needless to say, Facebook want in on a piece of the action.
How do you start using this feature? To start a video call, tap the video camera icon inside a message on the upper right-hand side of the screen. Provided both you and your contact have a stable 3G, 4G or Wi-Fi connection, Facebook says there shouldn’t be a problem striking up a video conversation (though your quality mileage may vary).
So, will you be utilising Messenger’s new feature for your recruiting efforts? Are you already using it? Let us know in the comments below.
Twitter’s Full Google Search Integration Is Coming this Month
We broke the news to you back in February that tweets would soon become searchable in Google. And during Twitter’s Q1 earnings call last Tuesday, CEO Dick Costolo announced that he expected the integration to be rolled out this month – a move that will make users real-time updates instantly searchable via Google and increase tweets audience numbers substantially.
By giving Google access to all public tweets, Twitter hopes to take better advantage of the more than 500 million people who visit Twitter every month without logging into the social network. That goal is front and center for a company that is struggling to retain users and increase its user base fast enough to satisfy investors. There’s absolutely an opportunity to go monetise that attention and traffic, Costolo said. We want to make sure we iterate on the experiences to get them right first.
According to Bloomberg, the new deal will make users real-time updates instantly searchable via Google, sometime in the first half of this year. Google previously had to crawl Twitter’s site for the same information.
After previously keeping tight-lipped about the deal, Costolo said at the site’s Q1 earnings call, “That Google deal and relationship is all about driving our total audience strategy. The goal is to get people to consume content and engage with that content whether they log in or not.
Graduate Recruiter? ‘Campus Job’ Raises $7.8 Million In Series A
Nearly eight months after launching a platform to connect college students with local job opportunities, Campus Job, the job platform that connects college students with employers, has raised a $7.8 million Series A round of funding led by General Catalyst Partners.
The company originally launched with a model that allowed students to sign up on the platform and look for part-time work nearby, while companies who were looking to hire had to pay to unlock each listing they posted once qualified applications had come through. In January, the startup pivoted to a new model that asked companies to pay extra for more advanced search criteria, upping the cost of unlocking applicants’ profiles.
Campus Job has also recently added full-time job search for seniors, with partners that include Snapchat, Zenefits and Yelp. The company says that it’s seeing 10,000 new students each week and processing more than 12,000 job applications each month. In total, there are more than 125,000 students on the platform from more than 2,200 universities, with employers like Dropbox, Starbucks, Postmates, T-Mobile and Oscar seeking applicants on the platform.
Campus Job recently graduated from Y Combinator.
Co-founder Liz Wessel said that the biggest challenge right now is maintaining the balance of the marketplace.
With so many students signing up so quickly to Campus Job, we are working our hardest to get as many employers on board as possible, said Wessel. However, the network effect is infinitely stronger among students (who hang out at parties and live together) than it is among HR people, so it’s definitely a challenge that we’re focused on conquering by scaling our sales team.
Wessel added that this new funding would be significantly invested in building out a sales team to build awareness among employers.
Campus Job has raised a total of $9.1 million to date. You can check out the platform here.
How to: Take the Perfect #WorkSelfie
To celebrate the launch of their “New Norms @Work” research, LinkedIn are getting snappy and have asked a professional photographer to help you and I take the perfect work selfie.
“Taking a work selfie for your profile photo may sound funny, but it’s really easy and can give you the control and a leading edge.” says Lee Coles, the professional photographer in question. He also believes “everyone has the ability to take a great professional profile photo” if they stick to a specific set of rules he’s handily laid out for us in a SlideShare presentation:
- Do be aware of your surroundings: Using a background such as a white wall in the office or at home will ensure the focus is purely on your face and not on what is behind you.
- Do use natural light: Natural light is your best friend, so stay away from the flash. South-facing windows are perfect, as light will you hit straight on and compliment your face. Avoid direct sunlight as shadows can be harsh on faces.
- Do use the right camera: If you know how to use one, putting a DSLR on a tripod and setting the timer function will give you a great quality photo. But don’t disregard your phone, it can give you a great shot if you follow some golden rules. Make sure it’s a fairly recent smartphone (for example, an iPhone 4 or above), find a makeshift tripod (a wall or book shelf) to avoid that awkward selfie arm, and use the main camera on the rear of your phone as the quality of the images will be better.
- Do think about the angle: Taking a photo from above can provide a more flattering angle because it tends to emphasise your eyes and makes your face and neck seem smaller. Shooting from below can make some people appear powerful, but it usually makes the chin and nose look prominent, which isn’t a flattering look for most. Gender makes a difference as well ‚¬€œ a broad rule of thumb is for women to look up at the camera slightly whereas men tend look better with the camera at eye level. (Intersting!)
- Don’t center yourself: The best photographs follow what’s known as the rule of thirds. This means that your eyes should be one third of the way down from the top of the photo and off to one side. This provides a more interesting photograph and probably a more flattering angle. Also give yourself plenty of distance between yourself and the lens so you can crop the picture later if necessary.
- Do think about what you’re wearing: And how much of it you want in your photo! Head and shoulders make the best #WorkSelfie, meaning an off-the-shoulder top might not give you quite the right look for your professional brand’.
- Don’t do a clichÃƒ© selfie: Duckface, pouting, sparrow face, fishlips – these are just some of the selfies that don’t have a place on your LinkedIn profile. Show your natural self by relaxing your face and expression. Employers, colleagues and recruiters will quickly be able to tell if your #WorkSelfie is an unnatural or forced version of you. Try a few different expressions, make sure you smile or laugh. This may sound silly but by experimenting, you will get used to how your face looks and feels.
And now you know!
Get Ready for the RAE North – 30 Sep – 1 October 2015!
Today marks the launch of the Recruitment Agency Expo North, another incredible event from the people who brought you the Recruitment Agency Expo in London. Now in it’s 3rd year, Recruitment Agency Expo Birmingham is the biggest event for recruitment leaders in the midlands and the north of England. And Social Talent will play quite a large part in this year’s event.
Yes, over the two days our CEO and chief Sourcing Ninja, Johnny Campbell, will be hosting two seminars:
- From Good to Really Great: The 3 Surprising Habits of High Performing Consultants
After collecting performance data from over a thousand recruiters over 6 months, Social Talent analysed nearly 1 million data points per day to uncover the truth behind what high performing recruiters do that others don’t. The simplicity of what they discovered will surprise you. Even more surprising is how simple it is to change the behaviour of your consultants to start performing better today. Do you want to find out how?
- The Science of a Great Job Ad (and why advertising isn’t broken)
Recruiters have lost faith in the power of an ad to attract a great candidate, particularly within niche skills and sectors. In his keynote, Johnny will share the research that proves that language and tone can not only drive more applicants but can ensure that only the top quality candidates apply to your jobs. You will never copy and paste a job spec again after listening to what he has to say.
Recruitment Agency Expo North 2015: 30 Sep – 1 October 2015, NEC, Birmingham
Bluewater Events is thrilled to announce that Recruitment Agency Expo North will return to the NEC in Birmingham for its third year. Once again the event has attracted support from suppliers and the main associations in the recruitment industry ‚¬€œ REC, APSCo, TEAM, ARC and IPSE who are sponsoring the drinks reception.
It will take place on 30 September and 1 October at the NEC in Birmingham.
Recruitment Agency Expo North builds on the success of the Recruitment Agency Expo in London, which has run for the past four years and is now one of the highlights in the recruitment calendar. The event aims to bring together recruitment business leaders with key suppliers of products and services to the staffing industry. It is dedicated to driving best practice and business growth in UK recruitment.
There will be opportunities to network with the best and learn from industry experts, with more than 28 seminars covering hot industry topics, and 14 training sessions.
Highlights on this year’s programme include 10 top tips to a sustainable operation for business owners’, led by legal experts Lawspeed, plus tips from recruitment software company Broadbean on getting the best out of digital hiring tools.
Accounting firm Baker Tilly will present on how to prepare a business for sale, and digital marketing guru Dave Hazlehurst will show how to Get Goosebumps with your Recruitment Marketing’.
Seminars and workshops will be held in a dedicated Training Zone, while visitors will be able to connect with fellow professionals in the event’s Networking Lounge.
The Sourcing Zone will be open for a second year ‚¬€œ led by Jonathan Campbell of Social Talent. Visitors will pitch’ their hard to fill roles to Johnny across several industry sectors. Johnny will show visitors tips and techniques on how to fill these challenging roles.
The NEC is one of the most accessible venues in the UK, with an onsite rail station and close proximity to Birmingham International Airport.
Entry to Recruitment Agency Expo North is free for those who pre-register. To register for a diverse programme of speakers and free seminars, please visit www.recruitmentagencyexpo.com/birmingham/register.
To enquire about exhibiting or sponsorship, email firstname.lastname@example.org
Participate in Adecco’s Work Trends Study!
Adecco want to hear about how you as a recruiter see the future of work! We all know the world of work is changing, and that new trends are emerging all the time that will affect the work environments of large corporations and small businesses alike, but Adecco want to access:
- How much will new practises change the way we work over the next year?
- How job seekers and recruiters use social media?
- What both parties think about smart-working and personal or employer branding?
Adecco believe that each of these things will change the world of work, but the real question is, how much will they change our way to work in the next year?