Undervalued & Oversold..., page-336

In the Q4 report, 1PG said there were "large enterprises expressing interest in wanting hundreds or in some cases thousands of pools". Then in the Q1 report it said it had enhanced the product's back end to enable it to handle the "demand" being requested of clients. Can we read between the lines here?

Large companies spend considerable sums of money on recruiting. A US$1m contract with a large enterprise is a drop in the ocean relative to their overall recruiting budget.

Spending on talent acquisition in the US alone in 2011 was US$124 billion.

Although a few years old, the following is a good overview of the changing trends in recruiting. 1-Page is clearly at the epicentre of this move with its sourcing product: Bersin & Associates’ New U.S. Research Finds Dramatic Shift in Recruitment Spending Towards Professional and Social Networks and Away from Agencies and Job Boards