Monster Worldwide, Inc. provides online employment solutions to individuals, small and medium-sized organizations, enterprise organizations, federal, state and local government agencies and educational institutions. The company also operates an Internet Advertising & Fees division, providing consumers with content, services and useful offerings that help them manage the development and direction of their career.
Services
The company operates in three business segments: Monster Careers – North America; Monster Careers – International and Internet Advertising & Fees.
Monster Careers (North America and International)
The company’s services and solutions include searchable job postings, a resume database, and other career related content. Job seekers can search its job postings and post their resumes in its Websites. Monster also offers premium career services to job seekers, such as resume writing, resume priority listing and premium networking. Employers and human resources professionals pay to post jobs, search the company’s resume database, and utilize career site hosting and applicant tracking systems and other ancillary services.
Additionally, the company also concentrates on expanding reach to include small to medium-size businesses (SMBs), those businesses with approximately 10 to 2,000 employees that operate primarily in local and regional markets. During 2006, it has also expanded sales distribution point in North America, by entering into alliances with media and publishing companies that expand its reach with approximately 2 million weekly newspaper readers in the local markets.
Internet Advertising & Fees
The company’s Internet Advertising & Fees division provides consumers with content, services and useful offers that help them manage the development and direction of their career, and provides employers, educators and marketers with media-driven solutions to impact these consumers at critical moments in their lives. The majority of the company’s services are free to users.
The company’s services include: lead generation, display advertising and products sold to consumers for a fee. Lead generation is a scalable direct response business in which marketers pay for connections to consumers whose demographics and interests match the requirements of specific business offerings. Its database of users and ongoing collection of various points of data allows it to provide clients with targeted leads.
The company’s major customer categories are employers, schools, financial services and consumer products and services. Marketers of various consumer products and services, including automotive, telecommunications, apparel and entertainment have come to the company to provide targeted solutions to connect with specific consumer segments.
Dispositions
During 2006, the company disposed of its global Advertising & Communications business.
History
Monster Worldwide, Inc. was founded in 1967.
