Word: marketeers
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Dates: during 1990-1999
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Still, it's not yet clear that every boss is ready to be such a solicitous suitor. "The labor market is tight, but we haven't got to the point where people are so valuable that they would entice companies to engage in a bidding war," argues Bob Liu of HotJobs.com Others contend that no firm would be willing to make a bet solely on the basis of a virtual resume. Networking giant Cisco, which does two-thirds of its hiring via the Net, says it isn't interested in bidding online for corporate mercenaries...
eLance has its own, radical plan for bringing employers and employees together. After watching how markets dynamically set prices for stocks, bonds and commodities, bond trader Beerud Sheth and portfolio manager Srini Anumolu figured they could transfer the same efficiency to the job market. With a global pool of talent available to bid on every project, a programmer in Moscow could win an assignment from a firm in Iowa...
...that matter, just a few. That's why Joyce Schwarz, co-founder of Mayday Interactive, an ad shop based in Santa Monica, Calif., is already sold on Monster's talent market. To get her firm off the ground, she beat out a few rival bidders for a personal assistant and a web designer. "It's not like a temp firm, which may not know my needs," says Schwarz. "It's matchmaking for business...
Since mid-April, the pessimists have been winning the valuation squabble. Amazon.com once boasting a market value twice that of Sears, is now about as big as the Sears tool department. Founder Jeff Bezos has seen $8 billion of his net worth evaporate in four months. Sure, he's still worth $5 billion, but the roller-coaster ride is taking a toll on less well-heeled entrepreneurs and investors...
...good, we all know we're here for the long term," he says. Still, at many Net firms, the early-year euphoria of optioned employees is gone. Net investors, many of them day-trading online, have had a comeuppance as well. Losses have driven thousands out of the market...