Why Monster Failed

ERE SourceCon

The news broke overnight that the Dutch staffing giant Randstad bought Monster, paying $3.40 That’s a 23% premium over Monster’s close Monday at $2.77. a share equating to $429 million for the once industry-leading career site. Talent Acquisition Featured

Lawsuits Claim Monster Officials Had Conflict of Interest

ERE SourceCon

Two shareholder lawsuits have been filed against Monster, charging the deal to sell the company to the Dutch staffing giant Randstad “is the result of an unfair process and provides the Company’s stockholders with inadequate consideration,” in the words of one of the lawsuits.

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Lawsuits Claim Monster Officials Had Conflict of Interest

ERE

Two shareholder lawsuits have been filed against Monster, charging the deal to sell the company to the Dutch staffing giant Randstad “is the result of an unfair process and provides the Company’s stockholders with inadequate consideration,” in the words of one of the lawsuits.

Stoned Raiders: A Blunt Look at Randstad’s Monster Hit.

Snark Attack

If you think Randstad bought Monster for its technology, think again. recruiting Technology contingent workforce crm hr technology job boards M&A matt charney monster worldwide Outsourcing randstad Recruiting RPO staffingHere are some blunt thoughts on what it means for recruiting.

5 Post-Monster-Buyout Predictions for the Future of the Recruitment Industry

ERE

The announcement that Randstad had bought Monster was just the latest in an accelerating trend of M&A in the recruitment industry between technology companies and traditional staffing/recruitment services companies. This announcement comes on the heels of LinkedIn’s acquisition by Microsoft, and Indeed/Recruit Holdings buying SimplyHired in a fire sale.

3 Big Acquisitions that Rocked the Staffing and Recruiting Industry in 2016

AkkenCloud

As 2016 winds down to the last week, we thought we would look back at the top 3 stories from the staffing and recruiting world. Looking back, summer 2016 was a very busy time for big acquisitions in the staffing and recruiting industry. one of the world’s largest staffing firms, acquired the assets of job search engine Simply Hired. August 2016: Randstad buys Monster. What will 2017 bring for the staffing and recruiting industry?

The Rise of Temp Work and Flexible Jobs: The Opportunity it Brings for Staffing

Automated Business Designs

What’s changed though in the past 10 months, are the opportunities the pandemic brought to the staffing industry. According to a recent Monster survey , 92% of respondents said they think now is a good time to look into a gig economy. Opportunities it Brings for Staffing.

Suds, Staffing and Life: How do you Handle Trends?

HarQen

In 2004 Metallica released the documentary Some Kind of Monster, which followed them as they recorded their St. Last week on Suds, Staffing and [.]. The post Suds, Staffing and Life: How do you Handle Trends? Blog industry trends recruiting sourcing staffing Suds & StaffingAnger album. The documentary captures an argument the group had about guitar solos and whether they should follow the trends and not have them, or stick to what helped make them famous.

Trends 100

The Story No One Ever Hears About Staffing

Staffing Talk

Let’s face it, as more and more companies turn to staffing agencies to meet their personnel demands, staffing in general has developed a bad reputation among some sectors of the public. Today I’d like to offer my take on why staffing agencies are good for companies, for employees, and for the overall economy. Additionally, since we specialize in finding people, staffing agencies are able to utilize certain ‘economies of scale’ with regard to employee selection.

Analyst Continues Hold Position on Monster (MWW)

Staffing Talk

Monster’s new ‘power-user’ offering that has gotten a lot of attention on bulletin boards like ERE also seemed to have no impact as it was not mentioned in Stifel’s 12/3 press release on Monster. We could get more constructive on our staffing/employment-related stocks, including Monster Worldwide, should evidence materialize that those factors are dissipating, all else being equal

Staffing SEO and the Impending Death of Monster Boards

Staffing Talk

For search engine optimization experts in the staffing industry (aka ‘Staffing SEOs’), eliminating traditional advertising costs like Monster is job #1. Either way this is good news for staffing SEOs that have Monster and other job aggregating sites in their cross-hairs

Monster Aggressively Moves Into Social Media

Staffing Talk

Staffing Talk readers know I don’t have much use for Monster. If you’re in the employment business, then brand your own employment process not Monster’s I say. So I was shocked to see recently Monster making a strong play in social media. Here’s the site: [link] The first thing that surprised me after signing up was the quick, lightweight controls used on the site – apparently a different tech team is behind it than the heavy, slow Monster we’ve come to dislike.

Staffing News Of The Day, October 5, 2012

Staffing Talk

Monster Worldwide, Inc.: Monster Employment Index rises 3% Year-over-Year. Maxim Staffing Up with ‘Hybrids’ [Trader’s Magazine]. Volt Workforce Solutions announced that its president, Tom Daley, has been named to the 2012 Staffing 100, compiled by Staffing Industry Analysts (SIA). Expected US temp hiring lifts staffing company shares. More businesses, workers turn to temporary jobs. The Herald Weekly].

Staffing News Of The Day, November 16, 2012

Staffing Talk

Monster Veterans Talent Index reveals majority of Veterans do not feel prepared to transition to civilian workforce. Jackson, the founder and CEO of health-care staffing company Jackson Healthcare and chairman of FaithBridge Foster Care, acquire Family Christian. Atlanta Business Chronicle] AllSearch Professional Staffing Celebrates 10 Years of Success – PR.com. OneSource Staffing Solutions works to bring job seekers, employers together.

Staffing News Of The Day, September 7, 2012

Staffing Talk

Dataskill to acquire Staffing Innovations. Monster Employment Index posts gains for August ahead of key unemployment and payrolls data. How to make cold calls for it staffing companies. Humanix opens staffing office in Las Vegas. News BioBridges Command Center Dataskill Futurestep Humanix Incepture Insight Global Linkedin Monster Employment Index Randstad September 7 Software Placement Group Staffing Innovations Staffing News of the Day

Staffing News Of The Day, November 12, 2012

Staffing Talk

Hurricane Sandy leads to hiring spike, says VAR Staffing. Monster may have lost its way, but there’s hope. News 31337 Recruiters Congressional Budget Office EEOC Insperity Time and Attendance Monster November 12 Phoenix Group Staffing News of the Day VAR StaffingPhoenix Group expands at 370 Lexington Avenue. Commercial Observer]. ‘Take this job and shove it,’ now suing to get it back. Journal Star].

Staffing News Of The Day, May 21, 2012

Staffing Talk

Monster seeks fresh mojo by merging Facebook networking app BeKnown with its job site. Medix Staffing Solutions revamps professional services division to broaden scope of service offerings. [PR]. It’s My Job : a spotlight on the staffing specialist. We’re currently staffing for major manufacturers such as Honda Transmissions, Stanley Electric and Midwest Express for us locally,” DeHaven said.

Staffing News Of The Day, May 14, 2012

Staffing Talk

Monster Worldwide Inc has drawn importance from a number of possible buyers, including private equity company Silver Lake Partners , though at least one would-be suitor, Linkedin Corporation, has planed not to hunt a contract after an early look, people familiar with the matter said. A source close to the LinkedIn stated that the firm had decided not to pursue Monster after an assessment this week. [e Spherion Staffing is being transformed.

3 Things to Consider Before Expanding Your Staffing Business Internationally

Spark Hire

If your staffing business is thinking of expanding to include work overseas, there are several things that you should consider before even submitting a bid or signing a contract to do international staffing or project work with another business. When I have recruited overseas in the past, I used an international account with Monster. I quickly found that the international account with Monster was a waste of my budget as well as my recruiting time.

Staffing News Of The Day, July 10, 2012

Staffing Talk

Kforce to leverage Monster’s 6Sense(R) Semantic Search Technology across entire organization. Cross Country Staffing announced that they have successfully launched their Managed Service Program at New York Hospital Queens. ‘Zombies’ are costing your business: Vitamin T adds up the cost of “zombie hires” and comes up with a number that’s nearly as terrifying as the walking dead.

Staffing News Of The Day, December 7, 2012

Staffing Talk

Monster Worldwide U.S. Careerbuilder Convergys Corporation December 7 InterviewStream Monster Worldwide Paranet Randstad Source4Teachers Staffing News of the Day Wanted Analytics Wanted TechnologiesJob Index Rises 7%. Nasdaq]. Randstad: Worker Confidence Dips As Economic Uncertainty Continues. kait8]. Employment shrugs off Superstorm Sandy. Reuters]. United States: New Massachusetts Laws In 2013. Mondaq]. Jobless rate 7.7%; 146,000 new jobs. USA Today].

Staffing News of the Day, January 11, 2013

Staffing Talk

Express Employment Professionals expands staffing operation with new branch in New Jersey [Freehold Patch]. DMJ Recruitment is appointed the sole staffing partner of ICSA [Online Recruitment Resource]. Monster stops their Monster Employment Index as job boards continue their decline [Global Recruiting Roundtable]. TRU Staffing Partners opens application process for their job-seeker education and training scholarship program [Times Union].

Staffing News Of The Day, December 12, 2011

Staffing Talk

Elizabeth Tricerri, 50, joined TTS Staffing firm as controller. Monster Worldwide Inc., Eastridge and Green Talent Staffing partner with Soitec for San Diego Solar Power Initiative. Owner of a staffing company called Relief Services for Veterinary Practitioners is trying to do it all. Cherry Hill staffing firm Emerson Personnel Group (EPG) celebrates forty years in business. Should social media determine your employment status? [Old Old Northeast-Downtown St.

Staffing News Of The Day, March 8, 2012

Staffing Talk

Monster deal talk showing 80% premium. is planning on hiring more than 50 internal employees in the next five years at its new location in Auburn Hills where the staffing and business consulting company moved into on March 5, 2012. Brandt, and Pronto Staffing Inc. The Brandts and Pronto Staffing were also sentenced to pay $400,000 in restitution jointly and severally. [7 Michael Page International Modis Monster MSHA Pronto Staffing Inc.

Staffing News Of The Day, October 28, 2011

Staffing Talk

LINK Staffing Services has recently launched a new franchising website to give visitors an in-depth look at LINK’s franchise opportunity. Unlike the economy, staffing stocks and their earnings are soaring : Kelly Services, TrueBlue and ManpowerGroup. Monster outlook dim as jobs growth slows. Healthcare staffing stocks surge despite dark clouds from Obamacare and the economy: Cross Country Healthcare, AMN Healthcare Services and On Assignment. Mancan Inc.

Staffing News Of The Day, June 25, 2012

Staffing Talk

A staffing agency in Galesburg is shutting it’s operation down , but another service from outside of town will soon be moving into the vacated address. Monster’s Innovative 6Sense(R) Semantic Search Technology helping employers find better quality candidates quicker, to fill open jobs now. Accountable Healthcare Holdings Corp completes acquisition of Garden State based Invita Healthcare Staffing Corporation. Supreme Court to rule Thursday on health care.

Staffing News of the Day, February 5, 2013

Staffing Talk

Cohen releases ACA staffing industry survey results [R.A. 73% of staffing firms reached revenue goals in 2012, and 92% think revenue will increase this year [MarketWatch]. Healthcare staffing agency busted for “misreporting payroll” by giving placed nurses per diem payments [Risk & Insurance]. A breakdown of the best small cap healthcare staffing stocks [Small Cap Network]. Accountable Healthcare Staffing opens new location in Pittsburgh [PR Newswire].

WhatsApp Group Chat – Impact to the Naukri Monopoly due to Randstad buying Monster

Recruiting Blogs

The topic for the discussion was conducted in reference to the article - Randstad buys Monster for $429M as recruitment consolidation continues. You can view it here [link] or https://techcrunch/2016/08/08/randstad-buys-monster-for-429m-as-recruitment-consolidation-continues. So the topic was on, “Randstad buying Monster; will this development impact the Naukri Monopoly; How & Why?” Monster- Randstad. Monster- Randstad presence will have a lot of impact globally.

8 Shocking and Thought-Provoking Recruitment News Stories this Week – 29th August 2016

Social Talent

In recruitment news this week: Monster’s Largest Shareholder Will Fight Company Sale. One of the US’s largest newspaper companies and reportedly Monster’s largest shareholder has said it is opposed to the $429 million sale of the recruiting services firm to Randstad (announced 2 weeks ago), and has urged other stockholders to do the same. “As As Monster’s largest shareholder based on publicly available information, MNG believes the $3.40

Staffing Stocks: The Week In Review (August 22)

Staffing Talk

Staffing Talk brings you another weekly update on staffing industry stocks from some of the largest staffing-related organizations in the United States. Monster Worldwide – 17.14%. 22 that job board Monster’s stock hit a new 52-week low. Industry Barrett Business stocks Dice Holdings stocks LinkedIn stocks Michael Page International stocks Monster Worldwide stocks On Assignment stocks SFN Group stocks staffing industry stocks staffing stocks Volt stocks

How tech recruiters can overcome the new H-1B visa changes

NPA Worldwide

Today’s guest blogger is Kate Ashford, Monster contributor. Monster Worldwide, Inc. Monster uses the world’s most advanced technology to help people Find Better, matching job seekers to opportunities via digital, social and mobile solutions including monster.com ®, our flagship website, and employers to the best talent using a vast array of products and services. As an Internet pioneer, more than 200 million people have registered on the Monster Worldwide network.

Staffing News Of The Day, May 16, 2012

Staffing Talk

Online recruiter Monster updates its résumé. Inside Edge Legal Contract Staffing Services expands in the District of Columbia. Mandy White-Rogers, co-owner of Complete Staffing, is the republican candidate for Judge of the County Court at Law of Orange County. 1 Temporary Staffing Firm by San Diego Business Journal. The Wall Street Journal]. CTPartners says preventable errors brought down Yahoo! CEO and Directors and offers five ways to avoid a Yahoo! Disaster.

Staffing News Of The Day, April 26, 2012

Staffing Talk

Atrium Staffing ranked among 50 fastest growing women-owned companies. Monster Worldwide reports First Quarter 2012 Results: Bookings of $274 million increased 5% year over year including previously announced $23 million contract with the UK’s Department for Work and Pensions. Staffing World® 2012 Early Registration Deadline Approaching: Save up to $400 when you register by May 18 for Staffing World 2012, Oct. American Staffing Association].

Staffing News Of The Day, December 5, 2012

Staffing Talk

Warren County LDC approves deal with Keena Staffing. Denver Staffing Agency J. Kent Staffing awarded 5-Year Contract for GSA 736 Schedule. Monster Worldwide laid off an undisclosed number of workers Tuesday, and closed its operations in Brazil and Mexico. Staffing Gal]. Kent Staffing Keena Staffing Korn/Ferry International Manpower Monster Worldwide Nesco Resource Randstad Screenpointe Staffing News of the Day Staffmark

Staffing News of the Day, February 25, 2014

Staffing Talk

Monster acquires TalentBin and Gozaik , both social job search sites [Staffing Industry Analysts]. Healthcare Staffing Services acquires Fastaff Travel Nursing & U.S. FTC disbands ring of businesses that made millions in useless “work-at-home kits” [TIME]. PEO execs who diverted tax/insurance money to themselves are sentenced to prison and ordered to pay $133 million [SIA]. San Francisco becomes ninth jurisdiction to “ban the box ” for private employers [Mondaq].

5 Reasons Why Technology Drives Success in Staffing

AkkenCloud

5 Reasons Why Technology Drives Success in Staffing. Staffing will always be about relationships; without the constant nurturing of relationships with clients, business owners, candidates, business contacts, and other recruiting professionals, it wouldn’t survive. But now with technology, which has become a ubiquitous presence, staffing agencies have to adapt, change, and evolve. And this is why so many staffing firms remain in the technological dark ages.

Staffing News of the Day, July 1, 2014

Staffing Talk

Monster attempts to deal with social recruitment trends by launching Twitter Cards and social aggregator TalentBin [Talking New Media]. Bank may be liable for $66 million after staffing company owners illegally wrote checks without funds to cover them [Courthouse News]. TrueBlue becomes nation’s largest industrial staffing provider after buying Seaton [The News Tribune]. One of the largest healthcare staffing firms in the U.S.,

Staffing News of the Day, February 6, 2013

Staffing Talk

Monster sells its ChinaHR stake to Saongroup for $30 million [The Next Web]. Alliant Staffing acquires Perioperative Nurses Inc. , A profile of the business data analytics start-up InsightSquared [Staffing Industry Analysts]. Elance’s report on 2012 says online staffing is on the rise [Elance]. Post Office decides to end Saturday deliveries starting in August [CNN]. Immigration reform could be huge for IT recruitment [E Commerce Times].

Staffing News of the Day, July 11, 2014

Staffing Talk

International poll: Jobseekers prefer less-tangible fulfillment over “cool” offices [Monster]. News ABC News American Apparel Bloomberg Businessweek Careerbuilder CIO Cleveland ERE Flair meme House of Representatives InMails Investment News Jobandtalent KSHB LAPD Linkedin Market Watch Mass Live Mirror Monster multigenerational workforce x y and b infographic PE Ph.D.s Slate Staffing Industry Analysts STEM TaskRabbit The Washington Post USA Today Venture Beat West Side Today

Staffing News of the Day, May 1, 2013

Staffing Talk

More than a third of healthcare workers plan to look for a new job in 2013, according to CareerBuilder [Staffing Industry Analysts]. Judge dismisses “breach of contract” lawsuit filed by a New Jersey staffing firm against ClearVision Optical because the contract ended before the dispute [Law360]. New York’s Solu Technology Partners jumpstarts its expansion effort by acquiring Technology Staffing Solutions of Scottsdale [Biz Journals].