LinkedIn launch new recruitment product for recruitment agencies and executive search recruiters

Signaling its ever increasing shift from social network to being the Monster of "passive candidates" LinkedIn is now targeting the recruitment agency and executive search industry with a new offering. As far as I know 40% of all LinkedIn's revenues comes from the recruitment industry this should increase this percentage to closer the 50% market or more in the next 6 months.

You can learn more about the product here.

Will be interesting to see how many agencies in Ireland and around the world purchase the product and if so what kind of other recruitment products/services they decide not to pay for as a result. My guess is a lot of recruitment agencies in FY10 may decide to increase their spend on LinkedIn and reduce their spend on job boards. Would be interested to hear what others think.