October 19th, 2011
The famous social network for business people is making an addition to its biggest bussines: matching jobs to job seekers. LinkedIn is introducing a new service to its hiring solutions business called Talent Pipeline, in an effort to centralize the way recruiters find, track, and stay in touch with potential hires and promotions. That way, employees can more easily find out about job openings for themselves or other candidates.
The Pipeline will be introduced next year as part of the current service, called the Recruiter Platform. It will also be available separately, though LinkeddIn has not yet set a price for the service.
Until today, LinkedIn is a free service, but people pay premiums for things like access to anyone’s professional information; these premium subscriptions brought in $23.9 million. In the quarter that ended last June, the company made $58.6 million from hiring solutions, up 170% from last year.
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