Definition

Monster Worldwide

Contributor(s): Dan Ring

Monster Worldwide is an online recruiting company noted for its flagship Monster.com job site.

The company was among the first to introduce the business of online recruiting when in 1994 it launched Monster.com, creating a way for job applicants and employers to efficiently contact each other over the internet. It was the 454th registered dotcom ever.

In early August of 2016, Monster agreed to be bought by Randstad Holding NV, based in Diemen, Netherlands.

Monster, which will retain its brand and continue to operate as a separate entity, generates revenues from employers in several ways including fees for job postings, advertising and a range of e-recruiting software and services. It also sells recruitment software to federal, state and local governments and educational institutions.

The company, headquartered in Weston, Mass. and founded by Jeffrey Taylor, offers services in more than in more than 40 countries including the U.S., Europe and Asia.

It provides free services to job hopefuls, including searching of job ads and posting of resumes on career websites, including with a mobile app.

Some key technologies of Monster include Career Ad Network, which allow employers to target specific jobs to suitable candidates; Monster Twitter Cards, which automates the distribution of a company's jobs to its Twitter followers; Monster Social Job Ads, which allows employers to direct ads for jobs to potential candidates who use Facebook and Twitter; a search tool for employers to find a match on resumes; and Talent Bin for recruiters to find and contact possible applicants using talent profiles collected from social media.

The company also sells software that helps companies search in their own candidate databases, hosts career sites customized by employers and offers an applicant tracking service and analytics.

Monster has sought to bolster itself with several key acquisitions including Trovix internet search technology, HotJobs from Yahoo!, TalentBin and Jobr, a mobile job-search application.

Monster faces intense competition from many other web and software vendors, partly because of low barriers to entry in its business. Some key competitors include Indeed, LinkedIn, Facebook and CareerBuilder.

This was last updated in August 2016

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