Jobfox's Accelerated Growth is Great News for Recruiters and Job Seekers

MCLEAN, Va., May 18, 2011 /PRNewswire/ -- Just two months after launching, social networking career site Jobfox is reporting accelerated growth among both recruiters and job seekers. In the last eight weeks, activity by both user types has increased 500%, with an accelerating growth curve, an early indicator that the new career social network is on its way towards achieving the 'network effect'.

Jobfox is a new kind of career networking website that connects employers with professionals who want to work at their company. Jobfox takes the legwork out of networking for both recruiters and job seekers by automating the process of building networks and developing mutually beneficial connections. Candidates visit Jobfox.com and choose to join private recruiter networks from over 26,000 large, mid-sized and start-up companies around the country that they would like to join. A recruiter from each company then decides whether or not to accept that candidate into its network.

In the past 8 weeks, Jobfox has seen a meteoric rise in job seekers requesting to join networks so they can make the right connections, hear about jobs first and improve their chances of getting hired. Seeker requests have grown steadily from 50,000 weekly requests in March to a quarter of a million requests during the first week of May. This 5x rise in seeker requests is great news for employers looking to connect with a broad range of talented professionals, and shows that interest in Jobfox's career networking solution is gaining momentum among job seekers who realize it's a much better way to find a job than blindly posting resumes on job boards.

Activity among employers is also ramping up, with a 500% increase in recruiters accepting candidates into their networks since early March.  Analysis shows that employers are adopting Jobfox's recruiting solution, Jobfox Boost(SM), at an increasing rate. Jobfox Boost is the first ever "high-volume, high-speed" social recruiting solution that enables recruiters and HR professionals to source the best talent in the market through private talent networking. Through Jobfox's unique network building technology, networks are built automatically, allowing recruiters to start leveraging their connections for recruiting and referrals virtually overnight.

Jobfox executives believe the company's accelerating growth at such an early stage is a strong predictor that the network effect is starting to kick in, making the platform that much more valuable to both employers and job seekers.

"We are really excited to be seeing such positive signs so quickly out of the gate," said Robert McGovern, chairman and CEO of Jobfox, a noted career expert who blazed the trail in online job search as the founder and former CEO of CareerBuilder.com. "Job seekers love our solution because they realize it's the way to a better place in their career.  And employers are adopting it because they see Jobfox as the future of recruiting and sourcing the best talent in the market."

To learn more about Jobfox, go to www.jobfox.com.

About Jobfox

Jobfox is the largest online network of matchable professionals, connecting thousands of employers with the most qualified individuals among millions throughout the Jobfox Network. Through Jobfox's unique network building technology, the site is able to create mutually beneficial connections between qualified professionals and recruiters. This results in faster time to hire the best talent for recruiters, and empowers candidates with the best tools to land the right job in less time. Visit Jobfox today.

SOURCE Jobfox