Facebook's next big thing? Job listings

NEED TO KNOW
  • Report: Facebook to add job board later this summer
  • Board would pull in listings from third party sites
  • LinkedIn earns 20x more per user, per hour than Facebook
Facebook's next big thing? Job listings

Until now, the relationship between Facebook and employment went something like this:

1. You have a job. You post something stunningly inappropriate on Facebook. You don't have a job.

2. You do not have a job. You waste too many hours screwing around on Facebook. You still don't have a job.

Well we may soon have a third option, which looks something like this:

3. You do or do not have a job. You find one with Facebook's help. You have a (new) job.

The Wall Street Journal's FINS.com, citing people familiar with the conversations, reports the social site is planning to launch its own jobs board later this summer. The new feature would pull in job listings posted on third-party sites and make them accessible via search for Facebook users. Right now, jobs sites BranchOut, JobVite and Work4Labs are reportedly among those that will participate.

The jobs board is not being built by Facebook, but instead by a third-party developer and it's unknown if it will integrate with your news feed or just exist as a standalone service, according to FINS.com. One source told FINS that "It feels lightweight." The tool may also be the byproduct of a partnership announced last year between the U.S. Labor Department and Facebook, aimed at bringing free job listings to a wider audience.

In a likely related bit of news, shares of LinkedIn were down about 5% Monday afternoon as word of Facebook's possible new venture started to make the rounds. At least one analyst says that LinkedIn and Facebook's listings wouldn't really compete with one another.

However, considering LinkedIn makes 20 times more money per user, per hour than Facebook according to Forbes, perhaps the social network will be well served by getting in on the jobs and recruiting action. 

Follow Jonathan on Twitter @JonFromHLN

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