By Sramana Mitra:
According to an infographic released by Staff.com late last year, nearly 92% of companies surveyed use social media for recruiting decisions. LinkedIn (LNKD) is the leading professional network choice for companies. Also, 78% companies surveyed were using LinkedIn in 2010 and that number grew to 93% in 2012. The increased focus on social media as a source for potential employees is also driven by the improvement in the hiring process - 73% companies found that they were able to successfully hire employees through social networks. More significantly, 42% companies claim that the candidate quality has improved due to social media hiring and nearly 20% companies found that it took them lesser time to hire through social networks. The infographic is courtesy of MediaBistro.com.
(click to enlarge)
LinkedIn's Financials
LinkedIn's first quarter revenues grew 46% over the year to $473.2 million, ahead of the market's expectations of $466.6
Complete Story »