LinkedIn has a new follow feature. If there is a company you are interested in, selecting ‘follow’ will send you notifications when people join, leave, or get promoted in that company.
Up until now, the main reason I used LinkedIn and Facebook was to keep abreast of what is happening in my contacts lives. Typically LinkedIn are people that I have worked with, and Facebook is more social friends. This is a really useful feature to myself for a couple of reasons:
Are people leaving a company? If there is a increased rate of people leaving a particular company and you are considering working for that company, you might want to re-consider. Or you might see it as an opportunity. Regardless of your decision, it gives you valuable insight. Insight that was not as easily available before social networking.
Transparency. It forces transparency for companies as they do not have any control over LinkedIn. I love this. If suddenly there is an increased rate of people leaving a company, public announcement or not, something is up. Good information to have, especially if you are considering them as a potential candidate for employment or contract work. The reverse (where a company is suddenly hiring) is also true.
One can suggest that it is not ‘official’ information, but in reality that doesn’t matter. Forgoing statistics and math, ask any investigator or law enforcement detective. If you get enough information from enough people, eventually you will get to the truth. Sure each piece of information is biased, leaves something out, or has added titbits for colour, but if you get as much information as you can (sample size), you will start to see what most likely is the situation. At the very least where to focus your efforts to answer the question. The same applies to information from LinkedIn. It may not be official, and sure maybe one or two people are potentially mis-representing their position or title, but if there is a sudden change in a company’s employees, there is usually a common set of reasons for the change.
A few months ago when I was looking at changing careers, I was actively on LinkedIn. Even without the follow feature, it became obvious to me over the weeks that one company I was interested in, was letting people go. Looking at the profiles of individuals that were leaving, they had been at the company for a long period of time, and were typically in senior management positions. The company was not officially downsizing. Curious, I contacted a few of individuals at the company. My assessment based on LinkedIn was correct. They were quietly removing higher paid employees for lower paid ones. Correlating this information with their hiring positions published, you could see this was clearly the case.
What fundamentally worries me is that companies start to see this as a problem and attempt to ‘fix’ it. They could do this in several ways. Dis-courage employees from posting to LinkedIn, offering LinkedIn money to change the perception of their company, or LinkedIn could see it as a business opportunity and offer perception control as a ‘service’ to companies. I hope this will never be the case, but money talks. I recently saw a tweet about Facebook, but the concept applies to LinkedIn as well:
RT @ruv: “The most important thing to understand abt Facebook is that you are not fb’s cust, you are its inventory” via @davehyndman
The risk of social networking in this case is we have to trust LinkedIn. LinkedIn is the control point of this information and we have to trust them to do the ‘right’ thing. While this might seem okay, one only needs to look at the recent happenings at Facebook to understand what can happen when a company gains a clear majority of followers and controls the information.
I do like this stuff though! Isn’t behavioural analysis awesome?








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