Technology and Recruiting in 2 hours

I have been thinking about what should be the main points to emphasize for a class module on the impact and effect of technology on corporate recruiting. 

Flickr - Thewmatt

Do the 'old-school' jobs sites like Monster and Careerbuilder still really matter?  This week I listened to Penelope Trunk from Brazen Careerist state the Gen 'Y' candidate/prospect will never get interested in your job from a Monster job posting.  So how to attract those candidates?

So is it really all about mining LinkedIn for passive candidates and setting up shop in Facebook and maybe placing a few well-connected tweets on TwitHire?  I think I have heard the 'Ernst & Young Facebook page' story about a dozen times now, is that really the only good example of effective corporate recruiting on Facebook there is?

And from the internal processing perspective, is Taleo still to be considered the market leader, considering all the bad news lately? Do the other Talent Management vendors have any chance of growing in the Recruting space?  Is it worth spending class time on the some of the newer solutions like JobVite or VoiceScreener?

If you had two hours or so to enlighten a (mostly) captive audience on the impact, current state, and trends in technology for recruiting what would you focus on?

Aside - thanks Alltop for adding me to HR.alltop.com!