I know that most people make yearly predictions in December and January but I thought that in might be more fun to make some mid-year predictions. So here they are:
1. One or more foreign job boards will approach and made a bid for Monster. A deal will not be consummated in the near term. Monster will claim that that price offered will be too low. There are several international players in the recruitment space that have the resources and desire to enter the US market in a big fashion. Monster is an obvious choice especially with it trading a low multiple to revenue. Monster offers a potential acquirer many benefits starting with the size of its operations, valuable brand name and relationships with employers.
Unfortunately, no deal will happen now based upon where the stock is trading and the alleged upside to the stock.
2. With the departure of Simply Hired from the aggregator scene, Jobs2Careers will move into the Avis spot of being the number 2 player. They will see their stock rise as a result of their better matching than their competitors. To achieve this elevation, they will need to maintain their focus and avoid distractions that are impacting their competitors. I predict that Jobs2Careers will supplant ZipRecruiter due to ZipRecruiter’s focus on selling directly to employers and other distractions.
3. Snagajob will face an ever increasing number of competitors in their hourly and part time space. As we continue the movement towards the gig economy, more and more companies will focus their efforts in this space. The winning strategy has yet to be written especially in light of the changing demographics of the people in the gig economy.
4. Britain will hold a referendum on June 23 on whether the country will leave the European Union, a process often referred to as Brexit. The current polls have those in favor of leaving ahead by 10 percentage points. My prediction is that the vote will end up with the UK staying in the European Union. As we approach the voting date, people will be concerned with the potential financial impact and choose to remain for the known as opposed to the unknown.
5. The economy will continue its slowdown while avoiding a major crash. As it continues, more companies will become cautious in their hiring actions. The market will change from being tilted in favor of jobseekers to one in favor of employers. This changing nature will slow down the adoption of more jobseeker friendly actions like employer branding efforts and more efficient and streamline applications processes.
david at firebrickgroup.com
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