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GetHired Adds More to Its ‘Bit of Everything’

by
John Zappe
Jun 28, 2012, 10:00 am ET

The site that “aims to do a bit of everything” is doing a bit more this morning. And it’s an interesting something more that takes its cue from direct hire recruiting.

Launching this morning, and only in metro New York, is GetHired‘s Job Seeker Spotlight. Five lucky, handpicked job seekers will get profiled in an email being sent to recruiters and hiring managers for their review. If they like what they see, they can reach out to the candidates and invite them to become applicants.

“The Job Seeker Spotlight is a conduit for job seekers to stand out and have hundreds of hiring managers learn about them in just a few hours, at no cost,” says Suki Shah, co-founder and CEO at GetHired.com.

It’s more of a macro match-up than anything really granular. Candidates are selected because of the thoroughness of their GetHired profiles, their locale, and their varied industries. Up to five a day will be featured, and, says GetHired’s Allison VanNest, all are quality candidates. keep reading…

Strong ADP Jobs Report Does Little to Help Monster

by
John Zappe
Mar 7, 2012, 1:07 pm ET

Job board operator Monster, which CNN says is officially up for sale, got little help today from a positive jobs employment report that buoyed the rest of the market, helping it regain some of Tuesday’s triple-digit loss.

Payroll processor ADP said 216,000 private sector jobs were created in February. The company’s closely watched National Employment Report offers clues to what the official jobs report from the U.S. Department of Labor will show when it is released Friday. (ADP counts only private-sector jobs, while the Labor Department report includes all levels of government workers, a sector that has seen deep cuts in its workforce.) keep reading…

Dice Reports Strong Growth, But Is Cautious About What’s Ahead

by
John Zappe
Nov 2, 2011, 2:58 pm ET

Strong demand for IT and finance helped propel job board operator Dice Holdings to a 36 percent increase in revenue and a 51 percent jump in earnings.

The company this morning reported earning $9.3 million on revenue of $46.8 million in the 3rd quarter, yielding per share earning of 13 cents. Last year for the same quarter the company earned 9 cents per share.

The company said growth was driven by its flagship site, Dice.com, which saw an 18 percent increase in its recruitment-package customers whose average monthly spend grew by 12 percent. The eFinancialCareers operations also saw strong growth with a 29 percent increase over the same quarter last year.

Overall, the numbers were in line with analysts’ expectations. Revenue, in fact, slightly exceeded the estimates.

However, company officials estimated revenue for the current 4th quarter would come in at $47.5 million, $1 million below what Wall Street was projecting. The guidance pushed Dice’s stock to a low of $8.50 after opening at $9.50.

Dice CEO Scot Melland said, “Recruitment activity did improve in September after a seasonally slower summer; however, the magnitude was less than what we traditionally experience. As expected, recruitment activity slowed in financial services and economic uncertainty is impacting the urgency some companies place on recruiting.’

His comments echoed those of Monster Worldwide executives who noted an apparent slowdown in hiring activity beginning in September. Monster officials said the slowdown appeared to be extending into October.

New Apps and Products, Acquisitions and Politicians, Oh My

by
John Zappe
Jul 13, 2011, 4:48 am ET

From the vendors comes news of acquisitions, product releases, and even a White House appearance.

Let’s start with the product announcements.

Taleo said it is incorporating collaboration tools and talent visualization capability into its Taleo Intelligence, available in the company’s enterprise release.

Taleo’s online description makes it clear that for companies who take talent management and workforce intelligence seriously, the new tools will simplify the information flow.

For one, the new “Conversation Hub” lets users drag and tag email discussions, linking them to a goal, competency, or development plan. Its visual orientation makes information available at a glance. keep reading…

HR Jobs Are Growing

by
John Zappe
Apr 5, 2011, 2:26 pm ET

You want proof positive that the U.S. economy is picking up? The percentage of HR jobs being advertised is growing by double digits.

In March, says new data from Indeed.com, HR jobs were up 34 percent over March of 2010, and the number of human resource job postings grew faster than those in half a dozen other industry categories. In the last quarter alone, HR beat out the growth in most of the categories that Indeed tracks. Now that says something about the confidence of American employers.

Indeed, today, began listing human resources as the 13th category in its employment trends. The jobs site counts the number of HR and HR-related jobs during a month, scrubs the list to eliminate duplicates, and posts the results. It does the same for clicks into the HR listings on Indeed. (Because Indeed sends those clicks directly to the site where the job post originated, it can’t say how many turned into applications.) keep reading…

Beyond.com Becomes Network Partner

by
John Zappe
Sep 1, 2010, 8:00 am ET

With the acquisition of HotJobs by Monster, Beyond.com now becomes the U.S. affiliate of The Network, a worldwide group of job boards that distributes employer ads globally.

Beyond, itself a network of some 15,000 employment sites, replaces HotJobs. The former Yahoo job board joined The Network in 2004 as the affiliate for the US and Canada.

The Network itself was founded in 2002 by two United Kingdom job boards — StepStone and TotalJobs. They brought in the Swiss board, Jobs.ch, and Irishjobs. Today, The Network claims a presence in 121 countries. It has 36 members, with multiple local job boards, and an especially strong presence in Europe.

Recruiters work through the local affiliates to post individual jobs to the network. With increased volume, direct access is provided.

Beyond.com, based in Pennsylvania, operates niche and regional job boards under a variety of names. Its national site is Beyond.com.

More Targeting, Automation Added to Jobvite Source

by
John Zappe
Jun 30, 2010, 4:39 pm ET

One of the things I like about Jobvite is that the company keeps at it. Now no one in this sector can rest on their laurels. The competition is just too keen and the market too volatile for any vendor to take a day off. But Jobvite watches the trends and thinks out to what parts it can add value.

For sure, there are plenty of others doing the same in their own corner of the recruiting business. Jobvite just seems to be a little quicker. And it manages to work with the spirit of the trend.

For instance, 18 months ago Jobvite launched an app for Facebook and LinkedIn that made it possible to match a job to an employee’s friends and contacts. That employee’s friends and contacts could also opt-in to match the job to their friends and contacts and, well, you get the idea. Jobvite Source, as it is branded, is a lot truer to the spirit of social media than simply tweeting jobs. keep reading…

Reasons for Canadian Worker Loyalty Depend on Language

by
John Zappe
Jun 8, 2010, 2:24 pm ET

Here’s a curious tidbit from the Great North: money is important to all workers, but French Canadians say “interesting/challenging work” is a more important reason for their loyalty to an employer.

In a recent online poll by Monster Canada, 32 percent of French Canadian workers chose  work in answer to the question “Which factor would make you most loyal to an employer?” Only 15 percent of English Canadians  picked that as the most important factor for loyalty.

Instead, for 31 percent of the English respondents, “good pay and benefits” were #1.That was most important for 27 percent of French respondents.

There were other key differences between English and French workers. For 25 percent of English Canadians, their coworkers and a great boss were most important to keeping them loyal to an employer. Only 18 percent of French Canadians thought that important.

Advancement was more important to English workers (15 percent) than to French workers (9 percent), but both groups were just about equal in citing recognition as the reason for their loyalty.

Monster’s Profit Takes A Hit As Financials Show Impact of U.S. Recession

by
John Zappe
Jan 29, 2009, 5:01 pm ET

Monster released its financials for 2008 this afternoon and the numbers give mute testimony to the impact of the worldwide recession on the recruitment market.

For the last quarter of 2008 Monster reported revenues of $290.7 million and earnings per share of 24 cents. This is off from last year and below analysts’ expectations, falling at the lower end of Wall Street’s estimates.

The biggest hit came in the company’s North American sales which were off 22.1 percent in the 4th quarter from the same quarter in 2007. For the year, North American sales were off 9.8 percent.

The silver lining, thin as it may be, is that the company managed to eke out a 1.5 percent increase in revenue for the full year, due mostly to a 17.9 percent growth for the year in international sales. However, the recession’s global impact began to be felt in the 4th quarter. International sales were off 14.3 percent, coming in at $122.8 million, just $12.3 million less than the  $135.1  million Monster generated in North America.

However the company’s operating expenses were almost $70 million more in 2008, which made a big dent in the earnings per share for the year. More than of half that – $40 million – is attributed for legal expenses in connection with the lawsuits arising out of the stock options backdating of several years ago.

Monster reported diluted earnings of $1.03 per share in 2008 vs. $1.12 in 2007.

Last year, Monster had $347.8 million in revenue for the 4th quarter and $1.324 billion for all of 2007.

Analysts had been expecting 4th quarter revenue in the range of $279.1 to $331.4 million with the average being $311.6 million. Earnings had been expected in the range of 21 to 33 cents per share with the average being 27 cents.

Monster, like most publicly held companies, reports numbers in a variety of different ways to make it easier for analysts to make comparisons. Numbers used here are from the company’s operations statements.

“New, User-Centric” Monster Launches Today

by
John Zappe
Jan 10, 2009, 1:39 am ET

The new Monster (profile; site) launches today.

Depending when you read this, the redesigned site that company officials promise puts the focus on the jobseeker may already be up and running. If not, give it time, a company spokesman said Friday afternoon. Launching a new site, especially one that is global, is not just a matter of flipping switches, he said.

Today’s launch has been in the works for much of 2008. The date was picked at least as far back as October when Monster gave sneak previews at ERE Expo in Ft. Lauderdale. The company’s presence at the show was unavoidable. Buttons touting 1.10.09 where everywhere. Showgoers lined up at the booth to see what was coming and, of course, to pick up one of the purple Monster beach towels or win a stuffed trumpasaurus.

What we saw of the new Monster showed a site that seemed as useful to passive jobseekers on their way up the career ladder as the current one is to active job-seekers. It has career planning tools that let a user compare their progress to others in their field, even in the same job at other companies. And like a good talent management system, the new Monster will show a user where the gaps are in their experience and background.

We certainly didn’t get to see everything Monster had in the bag, but our tour guide, Eric Winegardner, VP of Client Adoption, promised that something like 90 percent of the user experience — recruiter, as well as seeker — was reworked, redesigned, or improved.

After you’ve walked through the new site, tell us what you think.

Monster Founder Dies At 74

by
John Zappe
Nov 28, 2008, 12:05 pm ET

Andrew J. McKelvey, the man who built Monster.com into a worldwide job search brand, died Thursday in New York City from pancreatic cancer.

In the 1990s, the 74-year-old billionaire fashioned what is today Monster Worldwide from a Yellow Pages advertising firm and two of the earliest online job boards, The Monster Board and Online Career Center. McKelvey got into the advertising business in 1967 when he founded Telephone Marketing Program, which would later lend its acronym to the fledgling advertising conglomerate, TMP Worldwide.

In the early years, the Yellow Pages advertising division was the financial engine for the business. But by 2003, in acknowledgment of the direction the company was headed, TMP Worldwide became Monster Worldwide. Three years later the division was sold off piecemeal with capital fund management firm Veronis Suhler Stevenson getting the North American portion.

By then McKelvey was on his way out as chairman and CEO of the company he founded. He resigned in late 2006 in the midst of an investigation by the Justice Department and the Securities and Exchange Commission into the backdating of stock options by the company. McKelvey later admitted to playing a role in authorizing the backdating and paid a cash settlement. Because of his already advanced cancer, prosecutors agreed to postpone further court action.

Less well known is McKelvey’s philanthropy. The Associated Press says that since 2001, he has donated $25 million to the Andrew J. McKelvey Lung Transplantation Center at Emory University in Atlanta and has given $3 million to the Andrew J. McKelvey Lower School at the Hewitt School in New York.

His McKelvey Foundation has supported over 600 college students across the country, and he has provided funding for Big Brothers Big Sisters of America and for the Andrew J. McKelvey Campus Center at his alma mater, Westminster College in New Wilmington, Pa.

McKelvey is survived by his children, Geoffrey, Stuart, Christine, Amanda, as well as six grandchildren.