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Summary:

The Internet has changed a lot of things over the last decade or two — including how we search for jobs. Sure, the basics are the same: Find an opening and apply for it. But the web has permanently altered the employment process. And with more […]

craigslistThe Internet has changed a lot of things over the last decade or two — including how we search for jobs. Sure, the basics are the same: Find an opening and apply for it. But the web has permanently altered the employment process. And with more than 1.2 million IT jobs lost this year, according to the U.S. Bureau of Labor Statistics, a lot of people are going to be using every tool they can get to find their next job.

While networking is (and has traditionally been) the best way to find a new job, the second-most effective tool is another type of networking: sites like LinkedIn, Facebook and Twitter, according to a poll released today by placement firm Challenger, Gray & Christmas. Old-school employment search tricks like attending job fairs and reading newspaper classifieds got the lowest ratings. Here’s how the web is changing how we look for jobs.

challengersurvey

Social-networking sites are exploding in popularity, as people look to connect with pretty much everyone they know, from friends to co-workers to potential employers. Facebook claims it has more than 250 million users; Twitter’s traffic has grown tenfold over the last year; and LinkedIn — while not as flashy as its social-networking brethren — is perhaps the most useful of the bunch for job hunting because of its employment- and recommendation-focused profiles. It’s seen its total visitors double since last year.

Employment-focused web sites have been popular with VCs as well as job seekers. Job search engine Simply Hired recently raised $4.6 million in a fourth round of funding, and Glassdoor, an anonymous employer and salary review site, raised a $6.5 million Series B round last fall.

At the same time, it’s estimated that privately held Craigslist will generate more than $100 million in revenue this year, a 24 percent jump over the 2008 estimate, with much of that revenue coming from job listings. Meanwhile, for America’s newspapers, total revenue from job listings, a former cash cow for the industry, dropped 42.5 percent in 2008 to $2.2 billion, the worst drop in history, according to the Newspaper Association of America.

Other job search sites, like Monster.com and CareerBuilder, which charge significantly more than Craigslist to list jobs, are also seeing huge increases in traffic, with 33 percent more visits overall, according to comScore. Yahoo has reportedly been looking for a buyer for its HotJobs site, and given the growth of the sector, will probably make a pretty penny as newly installed Yahoo CEO Carol Bartz looks to shed “non-core” assets.

U.S. Unique Visitors (000) Jul-2008 Jul-2009 % Change
Total Job Search 17,429 23,112 33
CareerBuilder.com Job Search 8,478 10,110 19
Indeed.com Job Search 4,907 8,659 76
Monster.com Job Search 4,756 8,190 72
Yahoo! HotJobs Job Search 255 6,879 2,602
JOB.COM Job Search 993 1,482 49

(Data courtesy comScore)

The Internet is definitely making a huge impact on how we search for jobs, but as the Challenger survey notes, the ease of sending out shotgun blasts of resumes and hoping one hits the right recruiter is making things much more difficult for employers as well. “[F]or every qualified candidate who comes in from the Internet, there are 10 to 20 who do not even come close to being a good fit,” said John A. Challenger, CEO of Challenger, Gray & Christmas. “Those who rely on one tool [for their job search]…will take longer to find a position. The problem with the ease and accessibility of the Internet is that many job seekers make it their primary job search tool.”

So, what are your tips and tricks for landing a job?

Image courtesy of Craigslist.

This article also appeared on BusinessWeek.com.

  1. LinkedIn has been incredibly useful. Just being able to see the shortest path to key people is value enough, but it has been useful also to see the professional histories of the people I have been interviewing with, and I know they are looking at my profile before they decide whether or not to talk with me.

    Facebook – not so much. And most of the positions I’m finding aren’t even listed on either job boards or company web sites, which just makes LinkedIn more valuable.

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    1. Another very useful tool in the job search are websites such as Payscale and SalaryFor that show what different companies and career paths pay to employees. It is amazing how much of a spread there can be simply due to geography or the particular company.

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  2. Interesting that Twitter has become such an important tool for job seekers in such a short time.

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  3. [...] How the Web Has Changed Job Searching (GigaOM) [...]

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  4. I’d be interested in how people see Twittering as a usueful job searching tool.

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  5. [...] How the Web Has Changed Job Searching Full Story Read More SHARETHIS.addEntry({ title: "Craigslist Expands Coverage of Cities by 25 Percent", url: "http://www.whatsnewinnews.com/2009/08/21/craigslist-expands-coverage-of-cities-by-25-percent/" }); [...]

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  6. It’s still important to post your resume and profile on all the major Career websites. I get calls every week from a recruiter who “saw my Resume on Monster (or some other site).”

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  8. Thats good analysis. Social networking sites are great for job seekers.

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