Social Media "Hiring"

I am hearing this litany often but yet to meet someone who was hired via LinkedIn - here:

Research shows that usage of social media for job searches will increase in the near-term, grabbing significant market share specifically from online job search websites. Some traditional recruiting channels, such as local posts and headhunters, will be less affected by recent social media trends.

Many recruiters say that they are moving away from websites such as Monster and Dice, because it is becoming more and more difficult to find good people at a good price. Many recruiters report that they are now using LinkedIn to find ‘real’ people within their network, for free. Especially for small firms, research shows that 60-70% of new hires are partially or fully driven by social networks. 62% of recruiters say that social networks are either significant or primary way of direct sourcing.

Some implications of this shift from traditional hiring sources to social networking is that job boards will need to change their business model or they will be forced out by social media avenues and recruiting through social media will continue to increase.