The growth of social-networking Web sites makes it easier for job-seekers of all ages to find jobs. But new technology is also making it easier for companies — as well as individuals — to vet each other.
From Facebook to LinkedIn, social networking has become professional networking, making it easier for those who work at computers to privately prowl for new gigs. New research by Betsey Stevenson, a professor of economics at the University of Pennsylvania’s Wharton School, notes that the “Internet’s ability to reduce the cost of on-the-job search may have changed the likelihood that a worker ends up unemployed.”
As with most things on the Web, social networks reduce the costs of interactions and allow for more efficient targeting of employees and employers. Aware of this, companies are getting in on the online action. Accounting firm Ernst & Young, for instance, has a team dedicated to recruiting on Facebook, where it fields questions from potential applicants.
“With top talent being in such demand, we have to be on top of our game as well,” says E&Y recruiter Melissa Taylor. “It’s all about highly personal media.”
E&Y has 13,000 people signed up for its Facebook page, she says. It also has started a video contest, where potential applicants can explain why they want to work in financial services. The firm has also launched a new Web site with a more interactive feel so that applicants are getting answers from their peers rather than just from the company.
At a conference titled “Web 2.0 and Career Strategies” earlier this month at Dartmouth’s Tuck School of Business, the concept of peer-to-peer recruiting dominated the discussion. Students suggested that companies set up online message boards that would allow people with job offers to interact with employees of a company and other people who have been recently offered positions. The idea excited students, although some companies might be wary of their employees being too honest about working conditions with a prospective hire, says Rebecca Joffrey, associate director of career development at Tuck.
The Web has potential for testing the ability of applicants in new ways. At the Tuck event, where MBA students joined with engineering students to devise approaches when job searching, the favorite idea was to pit applicants against each other in online competitions that would demonstrate how their skills stack up. “It’s beyond a résumé,” Joffrey says. “You can actually prove yourself.”
Going farther afield, some even proposed using Second Life, the online virtual world, as a way to test applicants’ personalities. Companies could create situations that would pose ethical dilemmas and applicants would use their avatars — the digital persona that users create to interact with each other—to act out their decisions. Joffrey says that she will be presenting such ideas in June to recruiters who are hoping to better reach students.
“It’s the old model versus the new,” Joffrey says, explaining that recruiters sometimes don’t understand that unresponsive students these days use Facebook and text messaging to communicate rather than e-mail.