Tracking the mobile job-search evolution with TheLadders

Posted by Shankar Mishra

April 04, 2014 @ 05:25 PM

TheLadders examines the mobile job-search evolution through new data insights.

Not too long ago, the job search required a newspaper and a few cups of coffee, while poring over the tiny ads in the classified pages. The job search is now online (thanks to the advent of the internet), leading to easier job discovery and longer job descriptions. At TheLadders, we have leveraged job seekers’ preferences, along with sophisticated mathematical algorithms to simplify the job-search process. While the need for an intelligent and superior job discovery process still exists, we’ve taken steps to address the issue; shifting the underlying platform requirements from a desktop to mobile devices. 

Mobile application usage is consistently growing, increasing more than 115 percent in 2013 (according to Flurry Analytics). In fact, Americans now access the Internet more through mobile devices and tablets than PCs. This platform shift motivated TheLadders to define the evolution of the job search within the mobile space. We launched “Job Search by TheLadders” in 2013 and introduced the idea of job discovery led by job preference, rather than keyword searches. TheLadders’ new method of matching jobs to candidates continuously surfaces relevant jobs within the mobile app, eliminating any lag time between a job being posted and the right job seekers viewing it. Further, the job application process has been simplified, enabling candidates to express intent to employers through a single “Like” action rather than submitting a formal application.

Topics: TheLadders Insights

NYC tech: Small companies, giant opportunities

Posted by Shankar Mishra

December 04, 2013 @ 04:58 PM

TheLadders study reveals smaller companies have driven 90 percent of the growth in NYC technology jobs.

The U.S. job market has changed dramatically over the past five years. As reported by dozens of media outlets and experts (and recently validated on our blog), the value of STEM skills among job seekers is on the rise. As we dig beyond the national averages and focus on the local job market in New York City, some interesting observations start to emerge.

At first glance, it’s clear that the technology sector in NYC has exhibited stronger-than-average growth over the last five years. There are currently five times as many technology jobs available in NYC than there were in October 2008, while the growth of tech jobs nationwide has only doubled since then. Furthermore, displaying a consistent annual growth pattern, technology jobs in NYC have consistently outpaced the national growth rate each year since 2009.

Tech_Job_Growth_Rate_FINAL

Topics: TheLadders Insights

Evolution of jobs highlights appetite for advanced skills

Posted by Shankar Mishra

November 08, 2013 @ 08:00 AM

TheLadders study on job evolution reveals STEM is in; middle-management is phasing out.

Since the start of the recession in 2007-08, the rate of job growth has been a hot topic, specifically focusing on the sheer volume of jobs created and the quality of jobs available in the U.S. We have all heard about a possible decline in the manufacturing industry and the desire for lawmakers to push for deeper educational qualifications and broader skills in the area of science, technology, engineering and mathematics (STEM). At TheLadders, we have been observing the evolution of professional jobs, not only from a volume perspective, but also qualitatively, based on industry, skills, etc. In the last five years alone, based on the words and phrases that people are using to search for jobs, and the kinds of jobs employers are posting, some interesting trends are emerging.

TheLadders Evolution of Jobs

Topics: TheLadders Insights

Improving unemployment by leveraging “adjacencies”

Posted by Shankar Mishra

October 02, 2013 @ 06:19 PM

TheLadders urges unemployed to seek greener pastures.

“Unemployment rate goes down to 7.3%” – as I’m listening to the news on my commute to work, my mind wanders a bit about what a slow progress this has been, from 10% unemployment rate to the current 7.3%. 

There are still about 9 million unemployed people in the U.S. and at the same time, 3.8 million jobs are still open. 

US Unemployment Rate TheLadders GraphWe hear discussions in the media about skills mismatch, but is this disparity all due to skills? Geographical location must play a role, since the variation of unemployment rates across geography is very high – unemployment varies from 3% (Bismarck, ND) to 30% (Yuma, AZ).

Topics: TheLadders Insights

What’s your college degree really worth?

Posted by Shankar Mishra

August 29, 2013 @ 10:11 AM

TheLadders reveals a new study that answers the age-old question, “Is a college degree worth the cost?”

Really? Summer is almost over? For a lot of us, that means it’s either back-to-school, or back to thinking about going back-to-school. Every September, students head back into the classroom, while some graduates contemplate higher education. But, what’s the right move for you? Is your degree doing you any good? How much money would you make (or lose) by heading back to the books? To answer these questions, we turned to our database of more than 6 million job seekers.

Topics: TheLadders Insights

You have only 72 hours to land your dream job!

Posted by Alexandre Douzet

June 10, 2013 @ 04:38 PM

Since moving back to a free model for employers last October, we have made it easier for them to post jobs on TheLadders, yielding a 116% year-over-year increase in Q1 2013. One of the features we offer is the ability to rate the applicants either a “Fit” or a “No Fit,” which improves the matching experience on both sides.

In assessing this selection process, my team and I reviewed more than 100 jobs from this year’s first quarter and analyzed the 4,242 applications received for those positions. Typically, our jobs receive an average of 14 applications but for the purpose of our study, we selected jobs that received at least 15. We needed a large sample size to better understand and identify differences in behavior, and to ensure that the results were statistically significant. So, what did we learn?

    • 17% of the applications received a “thumbs-up” rating, meaning they were a fit for the job
    • 39% received a “thumbs-down” rating and, therefore, were not a fit for the job
    • 44% of the applications were not rated at all

Topics: TheLadders Insights

On a first-name basis with success? Your mom chose your name wisely.

Posted by TheLadders Contributor

May 06, 2013 @ 05:00 AM

TheLadders urges mothers to use nicknames for their kids.

Happy Mother’s Day! In celebration of all the hard-working mothers out there, we recently conducted a study to see if the names they choose for their children could have possibly dictated their future success in the workplace. First, we analyzed data around first names from TheLadders’ nearly 6 million members against variables such as industry, salary level, and location. We wanted to prove the null hypothesis that what your mother names you makes a difference.

Second, we populated a few lists, hoping they would generate some additional questions. We started by aggregating and sorting names that were at the top of each list:

Top five C-level names, by gender, in ratio to their overall frequency:

Topics: TheLadders Insights

Not hearing back from recruiters? We know why.

Posted by TheLadders Contributor

May 02, 2013 @ 07:30 AM

TheLadders conducts a study on job-seeker behavior using “eye-tracking” technology to help job seekers close up the job search "black hole."

GazeTrace

Anyone who has ever looked for a job knows the drill: find job online, send resume, wait, and never hear back. If you’re sending out dozens of resumes, like most job seekers do, you’re likely familiar with this broken process -- and frustrated when you don’t get a response. In the careers industry, this broken loop even has a notorious name: “The Black Hole.”

Recently, TheLadders conducted a study on job-seeker behavior using “eye-tracking” technology to determine how we could help close The Black Hole while leading job seekers to their perfect job. We analyzed how job seekers view job postings, what they actually saw, what they concentrated on, and what they totally missed.

If you’re unfamiliar with eye tracking, it’s a way to record and analyze where someone focuses on a page, and in what order they do it (see cool visualizations above).

Topics: TheLadders Insights

New Research Sheds Light on Job-Search Demands

Posted by Patty

November 28, 2012 @ 10:22 AM

TheLadders has predominantly operated with the goal to make the job hunt shorter, less painful, and more efficient for job seekers and recruiters. We’ve had our successes, but of course we’re always trying to get better.

One of our initiatives was to partner with professors from seven leading universities to research and understand various aspects of the job search and recruitment process. We conducted an in-depth study of job-search challenges, in partnership with Connie Wanberg, from the University of Minnesota, an internationally recognized expert on the topic. The study,  “Navigating the black hole: Explicating layers of job search context and adaptational responses,” has been published in the Personnel Psychology journal.

Topics: TheLadders Insights