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TAG Recruiting, 4/19/11, Monster

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TAG Recruiting, 4/19/11, Monster

TAG Recruiting, 4/19/11, Monster

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  • The numbers are derived from Monster and HotJobs.com October – December 2010. With integration, Yahoo.com will direct all visitors to Monster.com
  •  These numbers represent Monster’s reach or the number of times our brand is shown throughout the Monster Career Ad Network and the Yahoo Network.
  • Career Ad Network is the largest recruitment focused ad network.
  • Monster has newspaper partnerships with over 1,000 daily and weekly papers in the United States.
  • Transcript

    • 1. Ripping the Cover off the Monster Database: What You Don’t Know Can Give You the Edge
      Eric Winegardner
      VP, Client Adoption
      @ewmonster
    • 2. Agenda
      Macro Economic Landscape
      Evolving World of Work
      Monster’s IT Audience
      Live Demo of Power Resume Search
      Monster Today
      No Holds Barred Q&A
    • 3. National Unemployment Rate
      • 8.8% in March, 13.5 million jobless individuals
    • Unemployment Rate by Education Level
      13.7%
      8.8%
      9.5%
      7.4%
      4.4%
    • 4. The New World of Work
      Copyright – 2011 Monster
    • 5. “Today’s employers feel that employees are loyal due to the economic times, but the reality is they are not. Because of this, there is a strong likelihood that when the economy turns for the better, employers could find themselves with valued employees jumping ship. This places pressure on them to put retention measures in place now.”Katherine Jones, HCI Research Fellow.
      Copyright – 2011 Monster
    • 6. US Monster Stats
    • 7. Site Visitors
      23.7 Million monthly Unique Visitors
      Source: comScore, March 2011
    • 8. New Resumes
      Every 3.4 seconds a new resume is added to Monster.com
      Source: 1Internal Data, average new resumes per day in the U.S., January 2010 - December 2010
    • 9. Employed
      72% of Monster’s monthly Unique Visitors are Employed
      Source: comScore, monthly average; Jan 2010 – Dec 2010
    • 10. Demand
      2800 job searches performed on Monster.com every Minute.
      Source: comScore, monthly average; Jan 2010 – Dec 2010
    • 11. Outrageous Reach
      Our brand is shown more than 9.2 billion times across the Monster and Yahoo networks, reaching almost 2 out of 3U.S. Internet users. 
      Copyright – 2011 Monster
    • 12. #1 Recruitment-Focused Ad Network
      Monster Career Ad Network® reaches passive and active seekers with over 3.5 billion job ad impressions per month on thousands of sites. 
      Copyright – 2011 Monster
    • 13. Local Reach
      Monster Newspaper Partners
      Our Newspaper partners’ combined Sunday readership is over 78 million people and over 150 million unique website visitors
      each month. We have local reach in every state in the U.S.
      Copyright – 2011 Monster
    • 14. Newspaper Partners Extend Local Reach
      When partnering with local newspapers, Monster is able to reach job seekers not visiting Monster directly
      By partnering with The Atlanta Journal-Constitution, Monster now reaches an additional 1.7M Job Seekers in the Atlanta DMA – a 254% increase
      • Over 900k Active Resumes in Atlanta
      • 15. Over 1.9MM Monthly Job Views in Atlanta
      Copyright – 2011 Monster
    • 16. Monster’s IT Talent Pool
    • 17. IT Job Seekers by Category
      Copyright – 2011 Monster
    • 18. Career Level
      Copyright – 2011 Monster
    • 19. Education Level
      Copyright – 2011 Monster
    • 20. Years of Experience
      Copyright – 2011 Monster
    • 21. Supply & Demand
      Copyright – 2011 Monster
    • 22. Top 20 Job Title Searches on Monster
      Top 20 represent 45% of all IT Talent
      Copyright – 2011 Monster
    • 23. Copyright – 2011 Monster
    • 24. WHY SEMANTIC?
    • 25. Keyword Engine’s View of the Resume
      Is This Candidate Qualified?
      Keywords extracted from one actual resume
      Copyright – 2011 Monster
    • 26. Keyword-based Search for Talent
      Cannot DistinguishRecent vs.DatedExperience
      Needs ComplexBoolean Logic
      Does NotUnderstand theMeaning ofWords
      Qualified CandidatesAre AlwaysHard to Find
      Gives AllKeywordsEqual Weight
      Results NotInformative
      Copyright – 2011 Monster
    • 27. Advanced Technology.Innovative Results.
      We’re making it faster and easier for you to find thetalented candidates you are looking for —
      By using innovative, breakthrough technologies – like our industry-leading semantic search technology
      How?
      Copyright – 2011 Monster
    • 28. Director,BusinessDevelopment
      BusinessDevelopment Director
      Director ofBusinessDevelopment
      Dir. BusinessDevelopment
      Dir. Biz. Dev.
      Director ofAlliances
      Director ofPartnerships
      Addresses The Common Search Problem
      Search Query
      Dir. Biz. Dev.
      Copyright – 2011 Monster
    • 29. Oracle
      IBM
      SAP
      Peoplesoft
      JD Edwards

      Addresses The Common Search Problem
      Search Query
      Dir. Biz. Dev.
      EnterpriseSoftware
      Copyright – 2011 Monster
    • 30. HarvardBusiness School
      MIT
      Stanford
      Wharton
      Top BusinessSchools

      Sloan Schoolof Management
      Kellogg Schoolof Management
      Addresses The Common Search Problem
      Search Query
      Dir. Biz. Dev.
      EnterpriseSoftware
      Copyright – 2011 Monster
    • 31. The Common Search Problem
      Synonyms
      Homonyms
      Stemming
      Partial Matches
      Spelling Errors
      Concatenation
      Diacritics
      Abbreviations
      Punctuation
      Search Query
      Dir. Biz. Dev.
      EnterpriseSoftware
      Top BusinessSchools
      Copyright – 2011 Monster
    • 32. Concept and Context-Based Searching
      Searches on the meaning of words
      Understands job titles, skills, industries, education etc.
      Understands the hierarchy of concepts
      Skills
      Accounting
      GAAP
      SOX
      FASB
      FinancialAudit
      RevenueRecognition
      SOX 404
      SOX302
      VSOE
      Financial
      Disclosure
      Fraud
      Investigation
      © 2010 Monster
      Copyright – 2011 Monster
    • 33. Concept and Context-Based Searching
      Knows the difference between:
      George Washington University
      Washington Mutual
      123 Washington Avenue
      George Washington
      Evaluates the length of time using a skill or holding a job.
      10 years of experience vs. 1 year
      Understands difference between recent and dated experience.
      Accountant now vs. Accountant 10 yrs ago
      Copyright – 2011 Monster
    • 34. Power Resume Search with6Sense™ Search Technology
      Provides unrivaled candidate matches
      Understands concepts and context
      Bases matches on actual, relevant experience, skills, education, and more
      Automatically sorts, scores, and ranks
      Provides at-a-glance comparisons
      Copyright – 2011 Monster
    • 35. Power Resume Search ROI
      65%
      Less Time
      150%
      More Candidates
      90%
      Preferred PRS
      97%
      PRS is faster
      Recruiters believed PRS found candidates faster
      Recruiters
      preferred using PRS over keyword search
      Less Time Taken
      using PRS vs. keyword search
      More qualified candidates found
      Source: Data collected from 48 recruiters, managers and executives from 15 enterprise customers nationwide after hands-on testing of PRS vs. various keyword searches
      Copyright – 2011 Monster
    • 36. LIVE DEMOPaul Miller@SeekerPal
    • 37. WHERE DOES THIS GO?
    • 38. 6Sense Enterprise Suite
      Talent Matching
      Talent Dashboard
      Search
      • Consolidate all applicants in one pool
      • 39. Leverage patented semantic search capability
      • 40. Find better quality candidates faster
      • 41. Automatically match applicants to job criteria
      • 42. Manage applicant inflow efficiently
      • 43. Identify top candidates
      • 44. Model internal talent
      • 45. Understand demographic shifts and challenges
      • 46. Identify talent gaps
      Copyright – 2011 Monster
    • 47. Questions?
      Eric WinegardnerVP, Client Adoptioneric.winegardner@monster.com@ewmonster
    • 48. THANK YOU!
      Eric WinegardnerVP, Client Adoptioneric.winegardner@monster.com@ewmonster

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