Randstad was once known by many as a staffing or temp firm but has moved into areas like recruitment process outsourcing and sourcing. It has hired many well-known names in the talent field in recent years, like Jason Roberts and Jim Stroud.
Monster will operate as a separate entity and keep its name. Randstad says the benefits to it include a) “… new and innovative capabilities that deliver greater value to job seekers and employers by bringing labor supply and demand closer together”; b) “services to offer both clients and candidates tools for increased efficiency and engagement, connecting more people to more jobs” and c) increased earnings per share for Randstad.
“In an era of massive technological change, employers are challenged to identify better ways to source and engage talent,” saidJacques van den Broek, CEO of Randstad. “With its industry-leading technology platform and easy to use digital, social and mobile solutions, Monster is a natural complement to Randstad. The transaction is aligned with our Tech and Touch growth strategy and reflects our commitment to bringing labor supply and demand closer together to better connect the right people to the right jobs. We look forward to welcoming the Monster team and working together to shape the evolving global job industry.”
“Joining Randstad provides a unique opportunity to accelerate our ability to connect more people to more jobs,” said Tim Yates, CEO of Monster. “Together with Randstad, Monster will be better positioned to fulfill our core mission, and our employees will benefit from becoming part of a larger, more diversified company. Equally important, this transaction offers immediate value to our shareholders. We are excited to join and be supported by Randstad, as we continue to build the best-recruiting media, technologies, and platforms. We look forward to working with the Randstad team to ensure a smooth transition.”
