It should come as no surprise that the world of hiring and recruiting have been forever changed by social media and online resources. Today, many job seekers regularly turn to the internet for searching out and applying to relevant career opportunities. Likewise, employers are also conducting the majority of the hiring process through electronic mediums such as career websites and email. Even site[s] like Facebook and Twitter – which started out as personal networking sites – have adopted recruiting as one of their many functions.
One social networking site in particular has been showing strong signs of performance – LinkedIn. According to Ere.net the jobs-oriented website recently reported that its revenue grew by 101 percent in the first quarter of 2012. LinkedIn also purchased the content sharing website SlideShare. As if that news wasn't enough, the company also reported a 10 percent increase in its stock value on Friday – jumping from $109.41 to $119.80 per share.
With gains like this, it's quickly becoming clear that LinkedIn is the go-to social networking site for job seekers and employers alike. Forbes.com reports that the site currently has 161 million professional users and has outperformed competitors like Taleo, Kenexa and SuccessFactors.