There is an old adage in the classified business: When companies find it more difficult to recruit and find qualified candidates, they tend to spend more money on advertising and increase their spending on corporate branding. This is what is happening in Denmark, and one saw proof in the Q3 earnings report of Jobindex (released yesterday). The report confirmed that these are good times for Jobindex.
Axel Springer (Xetra: SPR) reported another strong quarter today, powered by its classifieds businesses once again. “The figures for the first nine months of FY2017 are the best in the history of the company,” said CEO Matthias Doepfner in an analyst/investor call today. So far this year, classifieds have contributed 58.1 percent of total group earnings, he said.
One of the latest job sites to launch in Germany is Whyapply, a platform where companies post challenges rather than ads. Prospective applicants respond to challenge questions and comment on each other’s answers as a way of demonstrating problem-solving skills that don’t always show up on a CV. Whyapply launched in beta in September.
A survey of the best job portals puts StepStone, Indeed and Xing ahead, while blue collar startup mobileJob is a new favorite.
StepStone, the jobs platform owned by Axel Springer, announced today the acquisition of Turijobs.com effective immediately. The site is Spain’s largest dedicated site for jobs in the hotel and tourism industry. Details of the deal were not provided.
The German startup that provides end-to-end HR software including posting to job boards completed a Series A round.
No big surprises today with Axel Springer’s release of its H1 of FY2017 financial results: revenue growth overall was strong, and the classifieds portfolio contributed more to profits than any other division.
StepStone Germany officially launched Company Hub, its updated company profile product, this week. The new features pit it against leading, German-region business network Xing.
Germany’s Axel Springer released its results for FY2016 yesterday, and the overall message was unchanged from the nine-month period (our report here), namely the division classifieds was the star performer in the financial year. In fact, it was the only division to grow its revenue in FY2016.
Jobindex hopes to grow its share of total recruitment ad spend in Denmark from 62 percent in FY2016 to 64 percent in FY2017, the company said in its financial report for FY2016 released on Febr. 20.