profile updated Nov 10, 2008, 10:56 AM
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 revenue and it’s the fastest growing part of the company. Monster 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 Andrew 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 
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Monster and Bullhorn Launch Online Platform for Staffing and Recruiting Firms (bullhorn)
Monster and staffing software vendor Bullhorn today unveiled a new online recruiting platform named PowerSource, based on Bullhorn’s new Integrated Resume Search technology. PowerSource combines real-time posting, shared apply and integrated resume search to enable faster, better quality placements.
Oct 22, 2008, 2:48 PM -
Monster and Comcast to Offer Recruitment Services on Demand (BusinessWire)
Now find a job my remote control. Well, almost. Comcast's On Demand will now feature Monster.com, allowing Comcast’s Digital Cable customers across the country to access “Monster On Demand” for job listings and employment resources with their remote control.
Oct 20, 2008, 3:00 PM -
Court Approves Monster's Stock Backdating Settlement (Monster)
Monster moved a step closer today to putting its stock backdating lawsuits behind it. The Supreme Court of the State of New York (a trial court, not the state's highest court which is known as the Court of Appeals) has issued an order granting final approval of the settlement of the state and federal court derivative lawsuits. The settlement was announced a few months ago.
A hearing with respect to final approval of the settlement of the federal shareholder class action is scheduled for November 21, 2008.
Oct 7, 2008, 5:05 PM -
Monster Buys Trovix And Beats The Street (www.ere.net)
Big news from Monster (profile; site) today. It bought jobmatcher Trovix (profile; site) for $72.5 million; settled that class action shareholder lawsuit over the stock options backdating for $25 million and managed to beat Wall Street's expectations for its 2nd quarter financial performance earning 40 cents a share excluding one-time expenses. The Street consensus was the company would earn 37 cents a share. Jul 31, 2008, 5:58 PM -
Monster Names Ted Gilvar Chief Global Marketing Officer (BusinessWire)
Monster appointed Ted Gilvar to the position of Executive Vice President and Chief Global Marketing Officer. In his new role, Gilvar will oversee all aspects of Monster’s global marketing strategy and handle the Company’s multifaceted advertising and branding initiatives. Jul 31, 2008, 11:32 AM -
Monster To Open Customer Service Center in South Carolina (BusinessWire)
Monster to hire an initial 350 employees to staff a new customer service center it will build in Florence, S.C. Jun 26, 2008, 12:43 PM -
Announcements and Products Just In Time For The SHRM Show (ere)
With the SHRM show and conference underway in Chicago now, vendors have been busy issuing announcements of product releases, new deals, partnerships and more. Here's a roundup of items that crossed our desk over the weekend: Jun 23, 2008, 1:57 PM -
Monster's SHRM Promotion: $1 million To Charity (ere)
Monster has come up with a unique way to attract visitors to its booth at the SHRM conference now underway in Chicago: Give away $1 million.
Jun 23, 2008, 11:54 AM -
Monster Extends Video Branding To Its Sites Worldwide (ERE)
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Another Symbol Alum Joins Monster Exec Team (ERE)
Talk about one big family over at Monster (profile; site). When CEO Sal Iannuzzi's executive team gets together for meetings these days, the new faces are the Monster veterans; half the 10 executives are now expatriates from Symbol Technologies, the company Iannuzzi captained until he sold it to Motorola in January 2007. May 16, 2008, 3:17 PM
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Products & Services
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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.