Is LinkedIn cheating employers and job applicants?

Do online agencies really help employers connect with the best applicants for the job?

The evolution of traditional job boards and newspaper advertisements to Internet-based agencies and emailed resumes isn't without its criticism.

When job seekers can buy their position in the virtual resume stack, it's no longer simply about being the best candidate for the job.

Nick Corcodilos, a headhunter from Silicon Valley, discussed this idea in an interview with PBS -- focusing on LinkedIn, where employers and employees create profiles and connect online.

One of the main differences between traditional agencies and online variations is that the former rely on commission from employers, while the latter often makes money off both companies and job seekers.

If you use LinkedIn, you can pay $29.95 per month for a "premium" account. When you apply for a job, this means your application is moved to the top of the list. Employers pay $3,950 for 10 job postings to find the best candidates.

Corcodilos argues that this is a version of double-dipping, a new -- but not necessarily fair -- model for recruitment advertising. In order to keep the revenue streams flowing, the network keeps employers searching by not offering the best applicants first but rather those willing to pay.

Considering this, is LinkedIn -- and other similar sites -- actually completing the function it advertises?

The headhunter believes that overall, online tools are contributing to the U.S.'s employment problems. Instead of making it easier for employers to find the right candidates, methods like LinkedIn's are compromising the economy and businesses themselves.

Corcodilos said:

"America's jobs crisis needs to be looked at as a failure of employers and job boards to ensure an accurate and fair employment process. Blaming unskilled and improperly educated job seekers is a fool's errand. The talent is out there; it's just getting lost in a system that employers have permitted to supplant more sound, accurate recruiting methods and their own good judgment.

Everyone from employers to job seekers to the U.S. Department of Labor should be scrutinizing the mechanics that control recruiting, job seeking and hiring -- and how these systems contribute to the employment crisis."

Via: PBS

Image credit: Flickr

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