According to source, Facebook is now planning to launch a job board with few job posting companies. Facebook is said to have deal with BranchOut, Jobvite and Work4Labs for this new job board.
New reports says tha job posting business is growing and was worth about 4.3 billion last year. So most of the companies are getting a job board. LinkedIn is also growing as a professional job board, so Facebook do not want to lose this market. BranchOut, Jobvite and Work4Labs are some growing job posting websites.
Read: LinkedIn’s Competitor Branchout hits 25 Millions Users
This new job board will not built by Facebook and it will list jobs from third party websites. Wall Street Journal also reported the Facebook does not have plans to monetize the service initially.
Last year in October, Facebook initiated the hob hunting move by teaming up with the US Department of Labor and three employment-related agencies to decrease the unemployment in US. At the time, Facebook said that the “partnership will explore and develop systems where new job postings can be delivered virally through the Facebook site at no charge.”
If this news is true, this job portal will create a trouble for LinkedIn, Monster.com and other popular job posting boards.
This news is running on various news sources, but no one from Facebook is ready to comment on this. No one from the partner company also want to tell anything about this. So we have to wait for few days more. If the news is true, it will not take enough time to make the job board live.
People like to share everything on Facebook but they have to go on other website for job listing and search. After this job board, they will not have to leave Facebook. This will also increase user engagement on website and profits to the partner websites.
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