LinkedIn seems like nothing more than a spam hub. I constantly have friends that send me LinkedIn spam, I receive spam directly from them for a closed account many years ago, and they still want to harvest my contact list for their spammy purposes.
If I wanted to put myself out there for recruitment I would use GitHub or Stack Exchange; I'd be happy if LinkedIn died as a "thing."
After that, I'll circle out to their management and coworkers. What does their org look like? Is my contact the decision maker or just a junior person who will shoot everything back and forth to their boss? How many bosses are there?
A little homework goes a long way, and LinkedIn is a very easy way to start.
2) I load my own profile with buzzwords and technologies that I know the competition is using. Recruiters happily latch on to that and send me job listings, 90% of the time I can decipher who is actually hiring. Recruiters lazily cut/paste stuff and Google is your friend. Now I know a little more about the state of my industry and who is struggling to get stuff out the door (gee, why do they need 4 manufacturing engineers all of a sudden?)
Sometimes you see the same company trying to fill the same headcount for a year or more. Multiple recruiters, same job listing. You make a mental note that they are either a disaster to work for, their pay/benefits suck, or there is a culture problem. Next time you network, you can dig deeper and learn more (hey, what's the story over at FooCorp? Why can't they find an Android dev?)
My employer was very satisfied with my LinkedIn usage. Other than this, I don't use it at all. It's a pain to use and I get nothing but recruiter spam.
I don't like it as a system; I think it's rather annoying how many notifications they send and the constant pushing to use their 3rd party apps like Pulse or signup for a paid account - but it has worked for me.
Other than that I don't really see a lot of value in its networking capabilities. I usually approach people through email anyway.
Edit: just wanted to elaborate a bit more: I can often see that potential clients have looked me up on LinkedIn. I wouldn't normally send them my resume so they would just have to 'trust me'. But because they can freely lookup my background info and see that people endorsed me for things, it gives me some credibility.
Also, its nice being able to to message old colleagues that I would not be able to communicate with through any other channels.
The recruiters are a problem. Disabling all notifications from LinkedIn is the only solution.
I use LinkedIn for two things: getting attention from recruiters, and receiving copious amounts of email spam which must be disabled once or twice a month.
(Maybe if I haven't connected with my old colleagues on personal email by now, then I should just forget about advancing our relationship any further.)
I also keep up with friends/acquaintances (typically people on the 'business' side of things). Though most of my software/programming buds and gals we connect elsewhere (typically through Steam).
I think there's some value in the tool, especially if you have listed skills in a buzz-wordy section of the industry. The last time I did an in-person job interview, everybody had printed copies of my LinkedIn resume beforehand, which nicely sped things up. That said, as others have pointed out, there is a very high noise-to-signal ratio in the network. Scrolling through a LinkedIn feed is nobody's idea of a good time, unless you're a recruiter.
what I hate the most is that they force me through that annoying multipage wizard (with no cancel/skip) to connect to new contacts each time I open the mobile app.
If I'm interviewing at a company I'll connect with the people I interview with or talk with people at the company a bit before I interview.
And I can see my classmates on the website too; somehow it updates me on their life which is not possible on Facebook (because you may seem boastful).
Many recruiters have been able to reach me via LinkdIn. I don't treat it as a spam. I feel proud that I don't look for jobs, jobs look for me. Someone from Singapore even contacted me via phone just because of my credentials.
Very interesting though later chapters become less of history and more of philosophy.