U.S. Labor Market Springs Opportunity for eCareer Holdings, U.S. Labor Market Springs Opportunity for eCareer Holdings, Inc. (ECHI)
There were 5 million open jobs in the U.S. at the end of January, the Labor Department said Tuesday, representing the most open positions in since 2001. U.S. employers added 295,000 jobs to the mix in February while the number of people who quit their job also increased, up 3% to a six-year high of 2.8 million. More people walking off the job typically reflects the confidence in the broader hiring spree and other job opportunities. Collectively, the data point to a stronger job market and a wealth of opportunity for companies like eCareer Holdings.
eCareer is an early-stage Internet company building a network of career websites focused on specialized “Internet Job Verticals,” which allow for some of the most effective job advertising platforms on the market.
The company’s strategy is to address demand for skilled professionals in a variety of narrow sectors while simultaneously attracting potential clients with strong advertising budgets. Execution of this approach entails “organizing” the online hiring process by creating content-rich, profession-specific communities and matching branded professional and social networks.
Initially launched in January 2013, eCareer in November 2014 revamped its Openreq™ website. Openreq.com uses advanced software solutions to provide staffing, recruiting and human resource professionals with access to job openings in their desired sector. With a single post to Openreq, companies can reach more than 1,300 sites including popular social networking destinations such as Indeed, Glassdoor, Facebook and SimplyHired.
The site’s new jobs section quadruples response rates compared to the leading national job board, providing clients with unparalleled outreach to human resources, staffing and recruiting professionals within the Openreq community and on the TheJobNetwork™, the largest recruitment ad network of job sites in North America.
To maintain this caliber of qualified responses, jobs posted on Openreq.com are automatically optimized, distributed on a monthly basis to millions of active and passive job seekers, and monitored as part of targeted ad campaigns. This targeted distribution results in higher rankings in search engine and paid job site search results, generating an average increase in qualified response of 200%. In addition, the revamped Openreq site allows hiring managers to automatically screen, grade and rank applicants and returning qualified passive job seeker matches in real-time from the site’s resume database.
Openreq features industry news, social media groups, webinars, events, training programs and consolidated industry statistics – all of which are designed to engage job seekers, recruiters, staffing companies and government agencies.
The allure appears to be working. Last month Openreq.com traffic increased by 1000% while its “Daily News” section received 23,000 news subscribers, prompting eCareer to expand its full-time sales staff.
With Openreq already churning up the job market, eCareer is now developing Cardiologist.com and BioFuel Zone sites, which are planned for release in the near future.
For more information visit www.ecareer.com
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