Monster Worldwide, Inc. provides online and mobile employment solutions worldwide. Segments The company operates through three segments: Careers-North America, Careers-International, and Internet Advertising & Fees. Careers (North America and International) This segment provides online and mobile employment solutions matching the right person to the right job. The company has a presence in approximately 40 countries worldwide. With a local presence in primary markets in North America, Europe, and Asia, the company works by connecting employers with quality job seekers at various levels and by providing searchable jobs and career management resources online. The company has been able to build on its brand and create worldwide awareness by offering online recruiting solutions. The company’s services and solutions include searchable job postings; resume database access; recruitment media solutions throughout its network; and other career-related content. Job seekers could search its job postings and post their resumes on each of its career Websites. Employers and human resources companies pay to advertise jobs; search its resume database; and utilize career site hosting and other services, such as recruitment media. The company has targeted the enterprise market. It has increased its efforts to expand its penetration into the small-to-medium sized businesses (SMBs), those businesses with approximately 10 to 2,000 employees that operate primarily in local and regional markets. The company has alliances with media and publishing companies, including approximately 1,000 newspapers in the United States, which extends its presence with local and regional job seekers. Internet Advertising & Fees This segment operates a network of Websites that connect companies to targeted audiences at critical stages in their lives. The company monetizes this Web traffic through display advertising and lead generation. Display advertising opportunities have been integrated across the Monster Worldwide network of Websites, allowing marketers to deliver targeted online advertising messages through various sizes and formats of creative units. Lead generation is a direct response business in which marketers pay for connections to consumers whose demographics match the requirements of specific business offerings and who request information about the offerings. The company’s database of users and ongoing collection of various points of data allows the company to provide its customers with targeted and valuable opportunities to connect with interested consumers. Sales and Marketing The company’s sales resources consist of field sales, telesales, and a self-service e-commerce channel. Customers The company’s customers include individuals; small and medium-sized organizations; enterprise organizations; federal, state and local government agencies; and educational institutions. Dispositions In 2013, the company sold a 49.99% interest in JobKorea Ltd., its wholly owned subsidiary located in South Korea, to H&Q Korea. Strategy The company’s long-term business strategy is designed to capitalize on various opportunities that exist in the global online recruitment marketplace and related markets. Its strategy calls for strategic investment in product, technology, brand support, and customer service to expand its global leadership position in an effort to achieve long-term growth and profitability and create shareholder value. In support of this strategy, the company invests in its operations on a global basis while controlling the growth of operating expenses. Significant Events In March 2014, TMP Worldwide and Hirepurpose announced strategic partnership to support new OFCCP mandate. History Monster Worldwide, Inc. was founded in 1967.
monster worldwide inc
(MWW:New York Consolidated)
622 Third Avenue
New York, NY 10017
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