LinkedIN FAIL
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LinkedIn started as a contact network but switched to becoming a hiring service. However, it does not lead in hiring, networking, or media. After Microsoft acquired LinkedIn for $26 billion in 2016, LinkedIn faced issues with conflicts of interest, easy headhunting of employees, and damage to businesses from competitors advertising. The document proposes that LinkedIn transition to becoming a global connected database across HR, networking, media, and other areas rather than just a single website.
LinkedIN FAIL
- 1. CHANGE/DIE Version: 2.03 / Release: March 25 2016 / Update: June 13 2016
- 2. Started as a contact network then switched to hiring service Doesn`t lead neither of its industry: Hiring, Networking or Media Revenue dropped dramatically Microsoft Acquires LinkedIn in 2016 $26B
- 3. Conflict of Interests Easy headhunting Labor turnover Let employees be on market Create public profile Damage Business See competitors advertising on it False experience Irrelevant matching Template job description Accept invitations Anti- Network Receive spam Apply on position Kill Career Get life-long record
- 4. Pitch: https://youtu.be/jm15S1QmOTw Slides: http://www.slideshare.net/linkedin/2014-linkedin-company-presentation Global linked database Next 10 Years Strategy
- 6. Profiles • 80% is false, scam or not-active • Not omnicareer resume and job formats • Employees available for headhunters Network • Contacts not synced or organized • No rich or team communications • No CRM Knowledge • Mostly spam or reposts • No search or discussions • Massive news feeds
- 7. Fake Profiles Bot-Made Profiles Empty Profiles No Professionals Employees for headhunters
- 8. Massive feeds Spam Everywhere Scam Invitations
- 9. Become a global connected database LOST COSTS SCAM
- 10. Hire • No college, mass or team recruiting • Incorrect matching algorithms • Doesn`t linked to external Big Data Market • Visits only at work time • No sharing options • Advertising on profiles Sell • Job seekers, not decision makers • No payment system • No sale tools
- 11. Mostly Job Seekers Competitive Advertising
- 12. e-Learning Messenger Coursera, edX, Amazon Slack, Infone, Telegram Media HRM Medium Workday, Jobool Networking CRM Facebook Saleforce Lost Markets
- 13. GLOBAL ECO-SYSTEM NOT a single Web-Site HR NETWORKING MEDIA
- 14. Ivano Ph.D., MBA E-mail: ivanoceo@gmail.com Skype: ishmelev Product Owner: R&D and Strategy Expert: Innovations and Technology Mentor: Entrepreneurship and Startups
- 15. My Projects Infone Machine Learning Contact Network Trumate Personalization of everything using the people-matching algorithms Jobool Instant recruiting: Find and evaluate employees before hiring them INVEST in FUTURE