The Facebook profile is not something you’d expect employers to use when recruiting, but if Work4Labs.com gets its way, it may very well become the new standard in job search and recruitment.
Work4 Labs has just raised $10 in Series A funding in order to help spread the word and attract interest from some of the biggest employers in the US. The funding round was led by Matrix Partners with input from former Monster.com president Steve Pogorzelski, and Hearsay Social co-founder and CEO Clara Shih.
The company is staking its success on its simplicity and the viral nature of Facebook. Companies that partner with Work4 Labs will be able to get notifications of ideal matches for positions that they advertise. Most of this matchmaking will be built on Facebook’s own viral recommendation engine and already big-name employers like SAP, General Motors, UPS and Anheuser-Busch have signed up.
What’s perhaps good for Work4 Labs is that the company has seen steady growth since the early part of the year. Since April 60 employees have been added to cater to the growth in customers (now 17,000, up from 6,000).
The only caveat with an offering like this is the fact that for more detailed recruiting, nothing beats looking directly at a person’s resume. For this many are speculating that LinkedIn may outdo Work4 Labs. For now though, the concept seems to be working and the company has $10 million with which to use and grow the concept.
Source: http://www.sitetrail.com/2012/09/25/work4-labs-raises-10-million-in-funding/
Work4 Labs has just raised $10 in Series A funding in order to help spread the word and attract interest from some of the biggest employers in the US. The funding round was led by Matrix Partners with input from former Monster.com president Steve Pogorzelski, and Hearsay Social co-founder and CEO Clara Shih.The company is staking its success on its simplicity and the viral nature of Facebook. Companies that partner with Work4 Labs will be able to get notifications of ideal matches for positions that they advertise. Most of this matchmaking will be built on Facebook’s own viral recommendation engine and already big-name employers like SAP, General Motors, UPS and Anheuser-Busch have signed up.
What’s perhaps good for Work4 Labs is that the company has seen steady growth since the early part of the year. Since April 60 employees have been added to cater to the growth in customers (now 17,000, up from 6,000).
The only caveat with an offering like this is the fact that for more detailed recruiting, nothing beats looking directly at a person’s resume. For this many are speculating that LinkedIn may outdo Work4 Labs. For now though, the concept seems to be working and the company has $10 million with which to use and grow the concept.
Source: http://www.sitetrail.com/2012/09/25/work4-labs-raises-10-million-in-funding/
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