LinkedIn, a social network for career and business professionals, has announced the launch of its Service Marketplace feature.
The Microsoft-owned platform is launching the feature to enable freelancers to advertise themselves to those looking to hire people for short-term roles.
This would be placing LinkedIn in direct competition with Upwork, Fiverr, and other platforms designed for sourcing skilled knowledge workers.
The Service Marketplace launch is coming together with other important updates which are related to job-hunting tools – an indication that LinkedIn seeks to ride on the current trends in the job market and how people work.
These updates include new search filters for finding jobs which can be indicated on the “Open to Work” indicator to invite recruiters, and opportunity for people to evaluate jobs based on the recruiting companies’ vaccination requirements if indicated by them.
According to LinkedIn’s product manager, Matt Faustman, the Service Marketplace is launching with 250 job categories, with plans to expand to 500.
The new feature marks an interesting turning point for LinkedIn under the wing of Microsoft, which picked up about 25 million new users in the last quarter.
How it works
For users to set up a freelancer profile, they have to go to their own profile page, find the button near the top and follow the script to set it up and flag what they might be interested in working on.
Currently, the service does not have a way of negotiating fees for work and invoicing. Recruiters are not required to give any specific guidance on fees until they get into a deeper conversation with a candidate as well.
Clients have the opportunity to review the people they have contacted but this is a one way review because the people the clients contacted cannot give their own review in return.
Those who list their profiles on the Service Marketplace will only be discovered because they have no means to look for jobs themselves, while clients seeking jobs will be able to do so via LinkedIn’s drop-down search menu.
With time, LinkedIn plans to reevaluate and include other features like payments, that is missing.
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