Seeks news - experts view

In terms of the recent Seek announcement a Float in envitable as specialist jobsite gain market share and the Recruiter becomes more frustrated with finding the needle in the haystack.

The global online Recruitment market is moving towards convergence of generalist jobsites as we have seen in the UK/Europe with only five main ones remaining predominantly servicing the unskilled to experienced up to $60k market.

The reasons to sell Seek now are largely down to saturation of jobs in the market with over 4,000 Financial Services jobs advertised only 40% are Live as posts have to keep getting refreshed in order to come up on a candidate search.

Whilst they have improved their service offerings to Recruiters such as Search a candidate is put off searching on the site and the lucrative Middle to Senior Management positions are opting out.

Seek has hit a peak in terms of its Job postings and Banner Advertising whilst some recruiter shall continue to use rather than miss out on generalist jobseekers many are already reviewing their online strategy to attract active specialist jobseekers as seen in Accountancy and Financial/Banking markets.

www.fbnetwork.com.au is set to capture this market by providing a bespoke service not only to jobseekers at Middle to Senior Management level but also a technology led service to Recruiters getting real value for money with more emphasis on driving candidates to their own Careersites.

We have already seen global Financial Employers take online Recruitment inhouse to manage Brand, and de-selection as they receive over 60% candidate traffic to their .com sites.

Seeks decision to Float now is the right one but how sustainable their shares shall be in a years times depends largely on how fluid the candidate market becomes.

US Online Recruitment has moved further from Generalist to Specialist to further Search and Networking Banners to attract jobseekers to apply for roles. The UK Online Recruitment market continues to thrive across all mediums although recent acquisitions and partnering of generalist jobsites signals a consolidation of this market and possibly lifecycle!!