Monster Announces New Strategy

By Aliah D. Wright May 23, 2014

Monster Worldwide Inc., announced May 14, 2014, that it is expanding its strategy to help job seekers and recruiters looking for talent. Monster will be offering new products and enhancing its technology.

“Monster’s transformative strategy enables us to better deliver on our mission of connecting people and jobs with exciting new capabilities and at significantly greater scale,” said Sal Iannuzzi, chairman, president and chief executive officer of Monster Worldwide, in a news release. “Monster will now offer an unmatched portfolio, including expanded job content, new communication tools, social profile aggregation, extensive cloud-based solutions, and more.”

The web portal plans to add more jobs and gather more work-related content from social and traditional sources so employers can “reach the right candidates, at the right time and place, with the right opportunities,” according to the news release.

Monster now offers 1.5 million jobs on its site and plans to increase that number to 4 million by January 2015.

With the recent acquisition of TalentBin, Monster now gives recruiters access to more than 100 million candidates aggregated from social sources across the Web, “in addition to Monster’s own proprietary database of 25 million searchable resumes. This approach surfaces the truly passive candidates who are not actively seeking a new job,” according to the release. TalentBin is a social media search engine that recruiters can use to collect information potential candidates have publically shared on their social networking profiles.

“We are excited by the promise of our new strategy and the new and significantly expanded opportunities it provides employers, job seekers and our shareholders alike,” Iannuzzi said.


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