HORRIBLE YEAR - Traditional "Big 3" Combined Market Share drops below 20%!!!!!
They began with a 27.57% marketshare in the weekly Hitwise Employment & Training Category for visits. By the weekly metrics ending Dec. 20, 2008, the original "Big 3" Job Boards marketshare totals have dropped to a combined 19.92%. This is a 35% drop in one year!!!! 2009 looks to be the year of Job Aggregators and Job Distribution Networks. The Job Board destination model is near dead, and seems only perpetuated by HR Recruiting folks who are lacking metrics and an "in the tank" Wall Street crowd who does not understand the dynamics of the online recruiting marketplace. More to come in the weeks ahead:
This makes the "much anticipated" Monster unveiling become even more of a farce.. It won't matter how they rebrand themselves these types of numbers validate a movement away, rather an evolutionary step toward something better.. Although, you're right about the analysts trying their damndest to keep their heads in the proverbial sand or stacks of money rather..
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Yes, this has been a bad year for many companies.
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Yahoo! seriously took a huge downturn, sucks to be them...
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It's not clear whether or not the Hitwise data takes into account sub-domain traffic. The majority of Monster and CareerBuilder content does not reside on the WWW parts of their sites.
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Good post, but have you thought about HORRIBLE YEAR - Traditional "Big 3" Combined Market Share drops below 20%!!!!! before?
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It is going to carry on getting worse!
Estimation by the end of the year is a staggering 3 Million Unemployeed!
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Longtime Midwest residents may be befuddled by ongoing comparisons of the current national recession with those of 1974-75 and 1981-82. While the headlines suggest this recession compares, so far, with the deepest recessions of the past 50 years[1], we in the Midwest have a somewhat different perspective. For us, the recessions of 1974-75 and 1981-82 were far worse, at least so far. An exception may be made here for Michigan, which has been experiencing a recession of sorts all decade long.
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Look at your metrics, talk to your industry colleagues, demand solutions that meet your needs - and by all means do not be afraid to walk away. Remember - you have the power now!
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Found this online.... When the print ads start drying up you can be sure the online conterparts to these print publications will be coming up with new and novel strategies to get in your wallet. This is a time when we all must be very careful in our advertising spend
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It is the responsibility of corporate world to help governments to reduce the unemployment ratio increasing all over the world.
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The analysis is correct. The graph states that total jobs really dropped tremendously. Unemployment begin to increase and proper support is needed by these people.
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With these disturbing trend of unemployment that heads on a downward spiral as reflected on the graph shown,we must brace ourselves and seek solutions to cope with this crisis.
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That's horrible, I think this years might be worst than any other years before.
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This is a time when we all must be very careful in our advertising spends. Look at your metrics, talk to your industry colleagues, demand solutions that meet your needs - and by all means do not be afraid to walk away. Remember - you have the power now!
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Ha I remember CompuServe. I guess they are bankrupt? Those were the good ole days when the internet seemed so mysterious, I never got a chance to try internet in those days, but I heard it was nice in some ways.
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t is going to carry on getting worse!
Estimation by the end of the year is a staggering 3 Million Unemployeed!
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I remember CompuServe. I guess they are bankrupt? Those were the good ole days when the internet seemed so mysterious, I never got a chance to try internet in those days, but I heard it was nice in some ways.
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That's just awful.. I wonder if gaming industry would fall also.. This is just can't be good...
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Longtime Midwest residents may be befuddled by ongoing comparisons of the current national recession with those of 1974-75 and 1981-82. While the headlines suggest this recession compares, so far, with the deepest recessions of the past 50 years[1], we in the Midwest have a somewhat different perspective.
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I remember CompuServe. I guess they are bankrupt? Those were the good ole days when the internet seemed so mysterious, I never got a chance to try internet in those days, but I heard it was nice in some ways.
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Ha I remember CompuServe. I guess they are bankrupt? Those were the good ole days when the internet seemed so mysterious, I never got a chance to try internet in those days, but I heard it was nice in some ways.
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Ha I remember CompuServe. I guess they are bankrupt? Those were the good ole days when the internet seemed so mysterious, I never got a chance to try internet in those days, but I heard it was nice in some ways.
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It seems only perpetuated by HR Recruiting folks who are lacking metrics and an "in the tank" Wall Street crowd who does not understand the dynamics of the online recruiting marketplace.
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Mark is in a big loss and the in the companies it seems only perpetuated by HR Recruiting folks who are lacking metrics.
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The problem with job sites like monster is that they are too vast and as such become very hard to navigate and find what you actually want. Local aggregators serve up much better results
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It won't matter how they rebrand themselves these types of numbers validate a movement away, rather an evolutionary step toward something better..
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It is nice that it is only temporary. I've read a book by Soros (found it at the files search engine http://rapid4me.com ) He predicted such events long ago. But the main advice he gives is not to panic. If you didn't catch up you have to wait the rise. Because the rise will be for sure. It is a matter of time.
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Life is getting tougher. This crisis situation is far from getting better. And nothing seems to work in our way.
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I do not anticipate any improvement this year or in the near future.
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It won't matter how they rebrand themselves these types of numbers validate a movement away, rather an evolutionary step toward something better..
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The problem with job sites like monster is that they are too vast and as such become very hard to navigate and find what you actually want. Local aggregators serve up much better results
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After hearing things like this time and time again, I still don't understand how it can happen.
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It is the responsibility of corporate world to help governments to reduce the unemployment ratio increasing all over the world."- it's great oppinion, i'm support it!
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"It is the responsibility of corporate world to help governments to reduce the unemployment ratio increasing all over the world."- it's great oppinion, i'm support it!
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I am still amazed that this happened.
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Shares are decreasing rapidly... But it will be jump high in next days....
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It is the responsibility of corporate world to help governments to reduce the unemployment ratio increasing all over the world."- it's great oppinion, i'm support it!
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I remember CompuServe. I guess they are bankrupt? Those were the good ole days when the internet seemed so mysterious, I never got a chance to try internet in those days, but I heard it was nice in some ways.
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I think we havent seen the last of this economic downturn. There is still one more big one left before we see things start to turn better.
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Ouch, those stats. What tough year.
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Job Aggregators and Job Distribution Networks. The Job Board destination model is near dead, and seems only perpetuated by HR Recruiting folks who are lacking metrics and an "in the tank" Wall Street crowd who does not understand the dynamics of the online recruiting marketplace. More to come in the weeks ahead:
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Your graph was depressingly true! Lets hope it gets better.
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This is a very informative post. You know, I really don't have the idea with what is happening on the so called big 3. After I saw your post, it was horrible. I just hope that it will not get worse.
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It's a horrible year, indeed. But you have to remember that this year is bad not only for you but for everyone else as well. So don't lose hope. Just strive hard and maybe Ladyluck would be on your side next year. May you have many days of success ahead.
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Due to the recession and all, a drop was inevitable, but 20% is a very shocking figure! I wonder how long it might take to recover all that damage.
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It’s a good morale to keep your head up, but the reality is that the worst is yet to come. Since I live in Vegas I can see that people are spending less and less and losing more and more in Vegas, too.
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It's a horrible year, indeed. But you have to remember that this year is bad not only for you but for everyone else as well. So don't lose hope. Just strive hard and maybe Ladyluck would be on your side next year. May you have many days of success ahead.
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The Job Board destination model is near dead, and seems only perpetuated by HR Recruiting folks who are lacking metrics and an "in the tank" Wall Street crowd who does not understand the dynamics of the online recruiting marketplace.
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Thank you so much for this great article! It is informative for us.
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While the headlines suggest this recession compares, so far, with the deepest recessions of the past 50 years, we in the Midwest have a somewhat different perspective.
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You're right, it has definitely been a rough year.
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Any more recent data to see what things are looking like this year?
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It’s a good morale to keep your head up, but the reality is that the worst is yet to come. Since I live in Vegas I can see that people are spending less and less and losing more and more in Vegas, too.
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I can't believe they had such a horrible year.
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I knew they had a bad year, but I didn't realize it was quite that bad.
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It's under 20% and doesn't look like it will be going up any time soon.
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Wow, I can't believe that it dropped under 20%. It looks like it is still going down too.
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Yes, it has been hard for everyone - that is an understatment! Amazing that it has dropped below 20%
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I guess they are bankrupt? Those were the good ole days when the internet seemed so mysterious, I never got a chance to try internet in those days, but I heard it was nice in some ways.
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