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Looking Through the Glassdoor

January 25, 2016 07:48 AM 1
Total Posts: 26
Join Date: November 5, 2009
Rank: Executive
Post Date: January 1, 1970
Posts: 26
Location: India

Looking Through the Glassdoor

Seldom does a job search begin these days without a quick visit to Glassdoor.
On the website, job seekers can find what consumers of night life, restaurants and electronics have grown accustomed to on the Internet: user-generated reviews of what it’s like to work for a given company, what its pay and benefits are like compared to competitors, and if users give its CEO a positive approval rating.
Since starting in 2007, Glassdoor has nudged its way into a special place in today’s talent economy, with more than 10 million company reviews, salary reports, interview and benefit reviews available on its website. The data deluge has enabled the company to provide employers and job seekers with invaluable insights into the state of the labor market — which, in turn, helps job seekers find their ideal company, and employers recruit better-fit talent.  
Talent Management spoke to Robert Hohman, Glassdoor’s co-founder and CEO, about the state of the talent economy, Glassdoor’s relationships with employers and more. Edited excerpts follow.     

Since you started Glassdoor, what’s the biggest thing you’ve learned about the market for human capital?
I think we’re in a pretty exceptional time for jobs and human capital. There’s a macro thing happening and there’s stuff happening right now in this decade that’s making it really go fast.
The macro thing happening right now is the U.S. economy and a bunch of other economies around the world are shifting from labor economies to talent economies. It used to be to make stuff you needed labor, and labor was very hard to differentiate one from the other. And so the power in that environment rested largely with the employer because labor was largely interchangeable. This person doesn’t like their job, swap this person in that does want a paycheck.
We’ve shifted to a knowledge economy. In a knowledge economy, talent can stand out. In fact, talent can enable things that are completely impossible by people who are not as talented. It isn’t a linear function anymore where you had two workers and one can do 1.7 times the work. It’s like you had one talented person and you could do things you just couldn’t do at all before. That’s why talent in a knowledge economy is so absolutely important and the war for talent is so critical.

That’s the backdrop, and this has been happening for 75 years, unions gaining less power, a lot of those jobs going oversees, and we shift to a knowledge economy and the labor market becomes more educated and enabled to differentiate.