It is an amazing professional social networking tool. Creating professional profile helps to keep in touch with the former colleagues, business clients and partners. It is free to join and also offers paid tools to reach out to the professionals who are not in your network.
Comparable technology: social networking like Facebook or recruiting sites Monster.com, Hotjobs.com, etc.
Problems solved: The list of connections can be used in so many ways. It is a great recruiting / job search tool. For example, it creates more transparency making it harder for the applicant to embellish his/her job profile since the ex-coworkers have access to the information online. You can also post professional recommendations. It is extremely useful in business opportunities pursue. You can identify and track the connection to the right person at the potential client company and get the introduction through the people who are in your network already.
Recently they introduced LinkedIn Answers, similar to Google Answers and Yahoo! Answers. It allows members to discuss business-related issues, and receive answers from their personal networks or professional group and the hundreds of thousands of professionals in the LinkedIn community.
Pros: easy to access and utilize. Account settings allow to manage the privacy: access to view your connections, control the updates about your profile status, etc.
Cons: It limits the total number of invitation and you cannot join more than 50 LinkedIn Groups. Also, very often it fails to display the actual number of connection showing 500+ or 1000+ instead.
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