Archive by Author | hosnis

Is the recruitment industry threatened by tech disruption ?

Recruitment can be a headache for companies of all formats. In the last few decades, numerous markets have encountered disruption due to the emergence of new technologies. It is not merely the emergence of these technologies that can disrupt such markets but also the willingness of powerful players within the market to adapt the change.

Let’s take a look at the history of digization in the recruitment industry. In 1992, Bill Warren launced the first job board under the name of the Online Career Center. Three years later, Warren’s flagship was sold to TMP, which resulted in a merger with what we nowadays know as Monster.

The first advancement in this online recruitment market erupted in the late 90s and in the beginning stage of the new millennium. In this period, two new types of job boards appeared; niche and network boards.  The niche boards fixated on offering jobs for specific market segments, job functions and geographic areas. On the other side, the networks encompassed a multi-niche approach where employers were provided with the ability to search by location, industry or other variables.

With the inauguration of the recession era and as a result the shrinking budget for recruitment many job boards failed to survive.

However, the recruitment industry did not yet fully grasp the full potential of the available technological advancements. For example lets take a look at Linkedin, which in its essence is not doing more than “transferring” offline paper resumes to an online social environment. Its first-mover advantage that allowed them to gain a huge share of the online recruitment market allowed them to ask employers premium prices for posting job vacancies online. This first-mover advantage resulted in a stable business model, which resulted in a major drawback for Linkedin. The king of the bear pack is not going out anymore to find new honey.
After the recession era, several startups saw an opportunity to offer the features that Linkedin not dared to offer. Companies as TheMuse, Glassdoor, Hired erupted to offer employers and employees an improved service. Why are we still writing motivation letters if a video can tell us more about our motivation? It is at least much more difficult to fake motivational drivers when a recruiter can read your body language. The only reason I can come up with is that the recruiter can examine a candidates writing skills by using motivation letters. However, an assessment test can examine for the identical purpose.

In conclusion, there are huge opportunities for innovation in the recruitment industry and thereby opportunities for recruitment companies to differentiate themselves from the crowd. A new trend of hyperdifferentation can be signaled, platforms that focus solely on a particular job market or concentrate on a singular process within the recruitment process seem able to gain profits.

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Sources:

https://www.rudebaguette.com/2015/09/17/with-increasing-recruitment-startups-what-will-be-the-fate-of-headhunters/

https://www.techinasia.com/breed-startups-redefining-recruitment-india/

http://www.hrexaminer.com/job-board-evolutio/

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MOOCs? Which one fits your needs?


Since the beginning of the MOOC disruption phase back in 2012, many startups have emerged. The “big three” MOOCs Coursera, EDx & Udacity accounted for a total market share of 24 million students worldwide. Massive online open courses (MOOC) are threatening the educational industry since 2012. Coursera, the biggest fish in the MOOC industry revealed it hit 15 million student mark in August 2015. The same month EDx, a non-profit joint venture of the prestigious universities Harvard & MIT declared that they reached a total user base of 5 million students worldwide. Sebastian Thrun the CEO of Udacity stated that their platform reached a user base of 4 million active students.

Universities outside the US have adopted a reluctant stance on the adaptation of this new business model. However, universities across Europe may face fierce competition in the near future. As for example the Massachusetts Institute of Technology (MIT) will start a pilot next academic year to determine if face-to-face contact can be delivered through their MOOC platform. The 10-month program will be split up in two parts. The first five months (also referred to as the “try before you buy period”) the students can complete their courses on the platform which decreases the cost of tuition dramatically.

Which MOOCs fits your needs?

MOOCs have become a leading resource for students interested in IT and computer science students across the globe. However, the real deal is which MOOC will land you a tech job?

For computer & information science specific courses Udacity will probably be your best bet.  The programs offered at Udacity are designed together with industry giants in the tech landscape as Google, AT&T, Facebook, Salesforce & Cloudera.  With topnotch educators as Sebastian Thrun (inventor autonomous car, project leader Google Glass & co-founder Udacity ),  Steve Blank (Father of the lean start-up methodology, author & entrepreneur) Udacity is unparalleled in the educational computer science industry.

The nanodegree program offered by Udacity has been seen as the main disruptive characteristics of MOOC and is even considered as the biggest treat for traditional education in the online educational landscape. The crux of this nanodegree can be found in the unbundling of traditional curricula into so called ‘’nanodegrees’’. The nanodegrees range from intro to programming to full stack developer certifications.

EDx offers a wider variety of courses when compared to Udacity which has a computer science centric focus. EDx is a better fit for students that are interested in a specific course rather than a specific field of knowledge. In short, EDx offers several categories of courses from outstanding universities as Harvard and MIT. Despite the offering of a wide variety of courses as mandarin for beginners and the introduction to deep science course, EDx loses points on the ability to increase the quality of the user environment.

Coursera succeeded to be a distinctive player in the field. It manages to combine the benefits of both worlds by offering a wide variety of course while maintaining quality.

In short, Udacity may the best solution for oriented students that want to dive deeper and become experts in a certain field. Coursera & EDx are good options if you are interested in a wider range of courses without a specific need to dive deeper in a certain field of knowledge.

Sources:

Udacity.com

http://www.skilledup.com/articles/the-best-mooc-provider-a-review-of-coursera-udacity-and-edx

https://www.insidehighered.com/news/2015/10/08/massachusetts-institute-technology-launch-half-mooc-half-person-masters-degree

433785hs

MOOCs ? Which one do you choose ?

Since the beginning of the MOOC disruption phase back in 2012, many startups have emerged. The “big three” MOOCs Coursera, EDx & Udacity accounted for a total market share of 24 million students worldwide. Massive online open courses (MOOC) are threatening the educational industry since 2012. Coursera, the biggest fish in the MOOC industry revealed it hit 15 million student mark in August 2015. The same month EDx, a non-profit joint venture of the prestigious universities Harvard & MIT declared that they reached a total user base of 5 million students worldwide. Sebastian Thrun the CEO of Udacity stated that their platform reached a user base of 4 million active students.

 

Universities outside the US have adopted a reluctant stance on the adaptation of this new business model. However, universities across Europe may face fierce competition in the near future. As for example the Massachusetts Institute of Technology (MIT) will start a pilot next academic year to determine if face-to-face contact can be delivered through their MOOC platform. The 10-month program will be split up in two parts. The first five months (also referred to as the “try before you buy period”) the students can complete their courses on the platform which decreases the cost of tuition dramatically.

 

Which MOOCs fits your needs?

MOOCs have become a leading resource for students interested in IT and computer science students across the globe. However, the real deal is which MOOC will land you a tech job?

For computer & information science specific courses Udacity will probably be your best bet.  The programs offered at Udacity are designed together with industry giants in the tech landscape as Google, AT&T, Facebook, Salesforce & Cloudera.  With topnotch educators as Sebastian Thrun (inventor autonomous car, project leader Google Glass & co-founder Udacity ),  Steve Blank (Father of the lean start-up methodology, author & entrepreneur) Udacity is unparalleled in the educational computer science industry.

 

The nanodegree program offered by Udacity has been seen as the main disruptive characteristics of MOOC and is even considered as the biggest treat for traditional education in the online educational landscape. The crux of this nanodegree can be found in the unbundling of traditional curricula into so called ‘’nanodegrees’’. The nanodegrees range from intro to programming to full stack developer certifications.

 

EDx offers a wider variety of courses when compared to Udacity which has a computer science centric focus. EDx is a better fit for students that are interested in a specific course rather than a specific field of knowledge. In short, EDx offers several categories of courses from outstanding universities as Harvard and MIT. Despite the offering of a wide variety of courses as mandarin for beginners and the introduction to deep science course, EDx loses points on the ability to increase the quality of the user environment.

 

Coursera succeeded to be a distinctive player in the field. It manages to combine the benefits of both worlds by offering a wide variety of course while maintaining quality.

 

In short, Udacity may the best solution for oriented students that want to dive deeper and become experts in a certain field. Coursera & EDx are good options if you are interested in a wider range of courses without a specific need to dive deeper in a certain field of knowledge.

 

Sources:

Udacity.com

http://www.skilledup.com/articles/the-best-mooc-provider-a-review-of-coursera-udacity-and-edx

https://www.insidehighered.com/news/2015/10/08/massachusetts-institute-technology-launch-half-mooc-half-person-masters-degree

 

 

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