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| VIEW EVENT INFORMATION: Indeed |
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The History Of Innovation In Recruitment Technology And services |
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About the organization Indeed:
Type: Business
Sub-Types: Website, Advertising Agent, Search Engine, Recruiting Agent, Consulting, Application Software, Telecommunication, Telecommunication Software, Internet |
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Notable Organizations: Indeed, Techcrunch
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| 2016 is a watershed moment for the recruitment industry. LinkedIn and Monster are being acquired, and CareerBuilder is for sale — three of the highest-profile tech companies in the space. Microsoft is making a grand entrance, while cashed-up incumbents watch closely from the sidelines.
The ripples will span the entire industry — from founders, investors and service providers to job seekers. Basically everyone in business. How will it impact you?
This article brings clarity through a historical lens. It provides a framework for how the industry has evolved over the past 20 years, to help founders, investors and practitioners understand and navigate the biggest trends currently underway.
Waves of change
Recruitment is an attractive target for disruption — hundreds of billions spent every year, with inefficient business models and widely felt pain. But despite thousands of startups taking billions in investment, the truly structural innovations can be mapped on a single page.
And the fundamental workflow of recruiting has remained remarkably resilient to technical change. Today, like 20 years ago, we still source candidates, put them through a process of interview and selection and need someone to manage that process.
The framework below maps the most important shifts across three distinct periods of innovation. The arrows show the “direction” of innovation, from which new models emerge. For example, job aggregators (like Indeed) emerged in the mid-2000s to disrupt online job boards. |
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