how the job board industry is evolving
TRANSCRIPT
© 2017 Crain Communications Inc.
David FrancisSenior Research Analyst, Staffing Industry [email protected]
How the Job Board Industry is Evolving
© 2017 Crain Communications Inc.
© 2017 Crain Communications Inc.
How the Job Board Industry is Evolving
David Francis
Senior Research Analyst
Staffing Industry Analysts
Matt Pierce
CEO, Co-Founder
Trusted Careers
Peter Harrison
CEO
Snagajob
Christopher Gamble
Senior Director of National
Accounts, Staffing & RPO
Indeed
© 2017 Crain Communications Inc.
• The Economic Tea Leaves
• Selected Features of the Job Board Market
• Moderated Discussion
• Audience Q&A
Agenda
© 2017 Crain Communications Inc.
US Staffing Revenue at Record Levels
0
20
40
60
80
100
120
140
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
P
20
18
P
Rev
enu
e (U
S$ B
illio
ns)
Temporary Staffing Place & Search
3%4%
Source: Staffing Industry Analysts
© 2017 Crain Communications Inc.
US Staffing Revenue at Record Levels
0
20
40
60
80
100
120
140
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
20
16
20
17
P
20
18
P
Rev
enu
e (U
S$ B
illio
ns)
Temporary Staffing Place & Search
“Job boards will disrupt the staffing industry!”
3%4%
Source: Staffing Industry Analysts
© 2017 Crain Communications Inc.
US Hires and Job Openings, December 2000 – April 2017
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
Dec
-00
Jul-
01
Feb
-02
Sep
-02
Ap
r-0
3
No
v-0
3
Jun
-04
Jan
-05
Au
g-0
5
Mar
-06
Oct
-06
May
-07
Dec
-07
Jul-
08
Feb
-09
Sep
-09
Ap
r-1
0
No
v-1
0
Jun
-11
Jan
-12
Au
g-1
2
Mar
-13
Oct
-13
May
-14
Dec
-14
Jul-
15
Feb
-16
Sep
-16
Ap
r-1
7
Hires Job Openings
Source: US Bureau of Labor Statistics, Dec 2000 – April 2017
© 2017 Crain Communications Inc.
US Hires and Job Openings, December 2000 – April 2017
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
Dec
-00
Jul-
01
Feb
-02
Sep
-02
Ap
r-0
3
No
v-0
3
Jun
-04
Jan
-05
Au
g-0
5
Mar
-06
Oct
-06
May
-07
Dec
-07
Jul-
08
Feb
-09
Sep
-09
Ap
r-1
0
No
v-1
0
Jun
-11
Jan
-12
Au
g-1
2
Mar
-13
Oct
-13
May
-14
Dec
-14
Jul-
15
Feb
-16
Sep
-16
Ap
r-1
7
Hires Job Openings
Source: US Bureau of Labor Statistics, Dec 2000 – April 2017
Very unique workforce dynamic in context of long-term trend = more openings than hires
© 2017 Crain Communications Inc.
The Economic backdrop
• Late in current economic cycle
• We expect continued modest GDP growth & staffing growth
• Favorable environment for jobs platforms (low unemployment, more openings than hires)
© 2017 Crain Communications Inc.
Global Job Board MarketEstimated 2015 Revenue: $10B - $20B
Source: Staffing Industry Analysts
$10 billion $20 billion
Recruit, 23%
LinkedIn,19%
SEEK,7%
Tegna, 7%
Monster, 7%
Axel Sprniger, 5%
Craigslist, 3%
DHI Group, 3%
51Job, 2%
Dip Corp, 2%
Rest Market, 25%
Recruit, 11%
LinkedIn,9%
Seek, 4%
Tegna, 3%
Monster, 3%
2%
2%
1%
1%1%
Rest of Market,63%
Source: Staffing Industry Analysts
© 2017 Crain Communications Inc.
Parent Company BrandsCountry
HQ2014
Revenue2015
RevenueY/y
Growth
RecruitIndeed, Rikunabi, Work in Japan, Minna-no-Kyujinban, etc.
Japan 2,028 2,273 12%
LinkedIn US 1,328 1,877 41%Seek Seek, Zhaopin, JobsDB, etc Australia 688 711 3%
TEGNA IncCareerBuilder, JobsCentral, Broadbean, etc.
US 713 695 -3%
MonsterMonster, CareerOne, Jobpilot, Workania, jobs.cz, profesia
US 770 667 -13%
Axel SpringerStepstone, Totaljobs, Jobsite, Saongroup, YourCareer Group
Germany 411 479 17%
Craigslist US 265 301 14%
DHI GroupDice, eFinancialCareers, AllHealthcareJobs,Rigzone, etc.
US 263 260 -1%
51Job China 203 212 4%
Dip CorpBaitoru, Hatarako, Nurse de Hataraku
Japan 186 209 12%
Xing Germany 101 137 36%CareerNet Corp CareerNet, Albaro, Joblink Korea 110 121 10%Schibsted Media Group Infojobs Norway 98 118 20%ZipRecruiter US 65 100 54%The Ladders US 86 97 13%
Largest 15 Job Boards
Source: Staffing Industry Analysts