Presentation on theme: "EFinancialCareers History, Lessons John Benson, Founder & CEO 27 th May 2010."— Presentation transcript:
eFinancialCareers History, Lessons John Benson, Founder & CEO 27 th May 2010
eFinancialCareers – History, Lessons The early days The challenges It starts to work International expansion The eFinancialCareers culture Why did we succeed?
Empowering financial careers worldwide. eFinancialCareers runs the web’s largest network of sites dedicated to jobs and career development in accounting, banking and the financial markets. Publishing websites in 22 markets and 5 languages Founded 2000 Offices in London, New York, Singapore, Sydney Revenue Model:Recruitment advertising Employer branding Graduate recruitment Professional education Team: 93 (UK: 72. Asia: 10. Australia: 13. U.S. 8)
European Financial Job Sites 2001 On Vocation (Independent) GAAPweb (Independent) Just People (Recruitment Agency) Double Cuff (Recruitment Agency) Fincareer (Independent) Gold Jobs (Independent) FT CareerPoint (Publisher) eFinancialCareers (Publisher)
1. eFinancialCareers is a ‘Change Environment’ ‘Nothing sows the roots of failure like success’ Companies get so locked into their ‘successful’ way of doing things that they refuse to reassess their business, see or respond to new ways and innovations.
2. eFinancialCareers is a Team Environment ‘Leave your ego at the door’
3. Evolving team & organisational structures and responsibilities ‘To keep up with our growth, we have reorganised early and often. That keeps people fresh. Over 7 years we have probably made 10-12 changes to the company’s structure’ Meg Whitman, CEO,
4. Processes & direction can and will be constantly & safely reassessed ‘It is not the strongest or most intelligent of the species that survive. It is the ones most adaptable to change’ Charles Darwin Author, ‘The Origin of Species’
2000: eFinancialCareers founded 2003: International expansion starts 2004: Open office in USA 2006:Open office in Asia-Pac Bought by /merged with Dice Holdings 2009: Group Revenues: $109m (eFinancialCareers:27%)
Why did we succeed? Clear vision of what we wanted to do Great team of people Prepared to & wanted to learn (try & avoid hubris) The Internet favours small, innovative, fast moving businesses Flexibile, agile approach Focused execution Courage of our convictions Tried to keep it simple Moved early, moved fast (international expansion) Fortunate in our competitors Luck … but it’s not over yet …
Only the Paranoid Survive Andy Grove, Former CEO, Intel
The World’s Leading Career Sites for the Financial Services Industry