profile updated Apr 9, 2008, 8:04 PM

Monster Worldwide operates what may be the world's best known job board. It has a presence in 38 countries under its own banner or via a local brand it acquired during a buying spree between 2003 and 2006. Today, its international sales generate a third of the company's revenue and it’s the fastest growing part of the company. The company is especially strong in Europe and in Asia. Monster India is one of the top two job sites there. In Korea, its JobKorea is the number one site by traffic, and in China it's 44.4% share of ChinaHR gives it a presence unrivaled by its international competitors. Its worldwide reach makes Monster an attractive vendor for international recruiters and multi-national companies.

Monster.com, the second most heavily trafficked career site in the world, offers recruiters a variety of job posting plans and services. Postings range from a single listing bought online with a credit card, to seven figure contracts with many of the Fortune 1000 companies, giving them unlimited job postings as well as multi-seat access to the site's multi-million resume database. From sample ads to extensive metrics and backend management tools, including an OFCCP audit history, Monster makes it easy for recruiters to post jobs, track results, and source candidates.

Alas, Monster also famously demonstrated the risks in job boards when phishers using recruiter passwords downloaded more than a million files of job-seeker information, including e-mail addresses, which they then used to send out official looking Monster emails to dupe the recipients into providing even more personal information or installing malware to capture it automatically. The incident in late summer 2007 capped a bad year for the company which admitted backdating stock grants to top executives and had to reduce earnings going back to the 1990s by some $300 million. Its general counsel, Myron Olesnyckyj, pleaded guilty to option-related charges and agreed to cooperate with an investigation by the Justice Department. Its founder and former chairman and CEO Andrfew McKelvey admitted participating in the backdating of grants as part of a plea deal with the federal prosecutors to defer the case against him. The unusual arrangement was prompted by McKelvey’s terminal cancer.

Monster.com practically invented online job searching, when it was launched in 1994. It was acquired by yellow page advertising company TMP the next year which, after merging it with Online Career Center in 1999, began promoting it heavily with a provocative ad campaign that debuted during the Super Bowl. WIthin just a few years Monster.com had grown so large it dwarfed TMPs other units, which were sold off piecemeal until by 2006 the company was renamed Monster Worldwide.

Besides its international division, Monster also operates a number of ancillary businesses including a jobs site exclusively for college student (MonsterTrak), Making It Count (a college prep site for high schoolers and their parents), FastWeb (scholarship and financial aid site), Military.com (a content-focused portal for active and retired military) and Tickle (social networking and dating). All the sites include a careers site power by Monster.com. Monster's Government Solutions division manages the career site of the U.S. federal government and provides job board services to other government units. The company also offers career site hosting services.

News & Updates RSS

Submit a news story » | More news about Monster Worldwide, Inc. »

Products & Services

  • Job postings

    Singly or in bulk. Can be targeted by geography or demographically by buying into one or more of the Monster Worldwide family of sites. Postings remain online for 60 days. Can be changed or ended early at buyer’s option.
  • Resume sourcing

    A variety of plans make resume access economical for even smaller employers. For them there’s a limited geography search. Larger employers with continuing hiring needs can buy search time limited by number of views and months. Even larger customers can negotiate deals.

Monster Worldwide, Inc.

622 Third Avenue, 39th Floor
New York, NY 10017
phone:
(212) 351-7000
email:
ticker:
MNST
tags:

Report an update or correction!

or cancel

Company Details

Facts and figures about Monster Worldwide, Inc.

Year founded
1994
Number of employees
2,500-4,999
Annual revenue
$1.35 billion (2007)

People

Key employees at Monster Worldwide, Inc.

  • Sal Iannuzzi
    Chairman and CEO
  • Tim Yates
    EVP and CFO
  • Darko Dejanovic
    EVP, Global Chief Information Officer
  • Art O'Donnell
    EVP Customer Service
  • Lise Poulos
    EVP
  • Mark Stoever
    EVP Internet Advertising & Fees