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TAG Recruiting, 4/19/11, Monster
 

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.

TAG Recruiting, 4/19/11, Monster TAG Recruiting, 4/19/11, Monster Presentation Transcript

  • Ripping the Cover off the Monster Database: What You Don’t Know Can Give You the Edge
    Eric Winegardner
    VP, Client Adoption
    @ewmonster
  • 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
  • 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%
  • The New World of Work
    Copyright – 2011 Monster
  • “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
  • US Monster Stats
  • Site Visitors
    23.7 Million monthly Unique Visitors
    Source: comScore, March 2011
  • 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
  • Employed
    72% of Monster’s monthly Unique Visitors are Employed
    Source: comScore, monthly average; Jan 2010 – Dec 2010
  • Demand
    2800 job searches performed on Monster.com every Minute.
    Source: comScore, monthly average; Jan 2010 – Dec 2010
  • 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
  • #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
  • 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
  • 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
    • Over 1.9MM Monthly Job Views in Atlanta
    Copyright – 2011 Monster
  • Monster’s IT Talent Pool
  • IT Job Seekers by Category
    Copyright – 2011 Monster
  • Career Level
    Copyright – 2011 Monster
  • Education Level
    Copyright – 2011 Monster
  • Years of Experience
    Copyright – 2011 Monster
  • Supply & Demand
    Copyright – 2011 Monster
  • Top 20 Job Title Searches on Monster
    Top 20 represent 45% of all IT Talent
    Copyright – 2011 Monster
  • Copyright – 2011 Monster
  • WHY SEMANTIC?
  • Keyword Engine’s View of the Resume
    Is This Candidate Qualified?
    Keywords extracted from one actual resume
    Copyright – 2011 Monster
  • 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
  • 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
  • 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
  • Oracle
    IBM
    SAP
    Peoplesoft
    JD Edwards

    Addresses The Common Search Problem
    Search Query
    Dir. Biz. Dev.
    EnterpriseSoftware
    Copyright – 2011 Monster
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • LIVE DEMOPaul Miller@SeekerPal
  • WHERE DOES THIS GO?
  • 6Sense Enterprise Suite
    Talent Matching
    Talent Dashboard
    Search
    • Consolidate all applicants in one pool
    • Leverage patented semantic search capability
    • Find better quality candidates faster
    • Automatically match applicants to job criteria
    • Manage applicant inflow efficiently
    • Identify top candidates
    • Model internal talent
    • Understand demographic shifts and challenges
    • Identify talent gaps
    Copyright – 2011 Monster
  • Questions?
    Eric WinegardnerVP, Client Adoptioneric.winegardner@monster.com@ewmonster
  • THANK YOU!
    Eric WinegardnerVP, Client Adoptioneric.winegardner@monster.com@ewmonster