Monster Business Model
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This document proposes a business model for Monster to provide pre-qualification job interviews via 15-minute mobile and web chats. The goal is to reduce hiring costs for employers and make the interview process more convenient for candidates. Revenue would come from per-chat fees paid by both employers and candidates. Monster would implement the chat capabilities on its website and smartphone applications to allow candidates to chat directly with employers from their devices.
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INTRODUCTION
A global leader in connecting people
Time period: 20 year
Services provided: 40+ countries
Founded: 1999 Founder: Jeff Taylor
Headquarter: New York, U.S.
Website: www.monster.com
www.about-monster.com
HISTORY
It is one of the most visited employment websites in the United States and one of the largest in the world.
Jeff Taylor founded and served as CEO and “Chief Monster” for many years.
IN 1999 by the merger of The Monster Board (TMB) and online career centre(OCC).
MONSTER.COM IN INDIA
Established in 2003.
Headquartered in Hyderabad and present in 11 other cities of India.
In 2013 ,Monster.com ranks third behind indeed.com and careerbuilder.com.
Global rank 866 and rank in USA is 247.
Rating: 1.96
Traditional v/s Online Recruitment
Traditional Recruitment Method
Recruitment- new concept
Print media are mostly used
But this was long process and time taking as there was no filtration
Therefore,
Online Method is better:-
Fast acting
Efficient
Cost effective
Any place, anywhere
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SERVICE MECHANISM
Registration Information
For Applicants:
Non-Paid
Paid
&
For Recruiter/ Employeer
ADMINISTRATOR
Should be able to create a new applicant.
Should be able to change any of the editable details for the applicant.
Should be able to search on applicant number and vacancy number.
Attach an applicant to a vacancy-The relationship between applicant and vacancy.
BENEFITS of signing up with Monster.com
Protect your personal information by never providing credit card , bank account number
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help.monster.com > faq
BENEFITS of e-recruitment
A new approach – very common these days
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Cost- effective
Less time taking.
RESTRICTIONS
In violation of any applicable law or regulation,
In a manner that will infringe the copyright, trademark, trade secret or other intellectual property or proprietary rights of others.
That belongs to another person and to which the user does not have any right to,
Harm minors in any way,
COMPETITORS
CONCLUSION
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We strongly believe that ,due to its high social impact ,research has to look with ”Job matching” not only with the goal to propose advances in the scientific knowledge ,but this is an application area capable of bringing direct and immediate benefits to humanity.
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A global leader in connecting people
Time period: 20 year
Services provided: 40+ countries
Founded: 1999 Founder: Jeff Taylor
Headquarter: New York, U.S.
Website: www.monster.com
www.about-monster.com
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It is one of the most visited employment websites in the United States and one of the largest in the world.
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Global rank 866 and rank in USA is 247.
Rating: 1.96
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Recruitment- new concept
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But this was long process and time taking as there was no filtration
Therefore,
Online Method is better:-
Fast acting
Efficient
Cost effective
Any place, anywhere
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SERVICE MECHANISM
Registration Information
For Applicants:
Non-Paid
Paid
&
For Recruiter/ Employeer
ADMINISTRATOR
Should be able to create a new applicant.
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Should be able to search on applicant number and vacancy number.
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BENEFITS of signing up with Monster.com
Protect your personal information by never providing credit card , bank account number
or any other information.
help.monster.com > faq
BENEFITS of e-recruitment
A new approach – very common these days
Easier to find and get job – for job seekers
Cost- effective
Less time taking.
RESTRICTIONS
In violation of any applicable law or regulation,
In a manner that will infringe the copyright, trademark, trade secret or other intellectual property or proprietary rights of others.
That belongs to another person and to which the user does not have any right to,
Harm minors in any way,
COMPETITORS
CONCLUSION
Job matchmaking is an important issue in today’s global , distributed and heterogeneous market. We have briefly explored how available technology can possibly help how job recruitment and job seeking processes are implemented.
We strongly believe that ,due to its high social impact ,research has to look with ”Job matching” not only with the goal to propose advances in the scientific knowledge ,but this is an application area capable of bringing direct and immediate benefits to humanity.
Monster.com
Monster.com is a global online employment platform established in 1999 as a subsidiary of Monster Worldwide. It operates job search engines in over 40 countries, generating revenue from banner ads and referral marketing. As one of the largest online job boards, it helps job seekers search listings and employers post openings and hire applicants. Headquartered in Massachusetts, Monster.com employs around 5,000 worldwide.
Naukri.com
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comScore - Linkedin LTS Professionals by Industry
The document provides statistics on LinkedIn's unique monthly visitors and how they compare to other job sites for different industries. Some key findings are:
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- In healthcare, LinkedIn has twice as many professionals as Indeed. Only 8.4% of healthcare professionals visit Glassdoor.
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How to be a digital media company: A primer in 5 steps
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The New Monster!
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Business Models for News Media
Andrew Carrah presentation 25 Feb 2009 to Reuters Institute on future business models for news media.
#10 IMU: Analyzing Inbound Marketing (AZ401)
Class 10 of Inbound Marketing University
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By Dhawal Thakkar
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ProjectSupportTools.in
cell no 88578 45454
Monster SWOT Analysis
Management: Preformed SWOT analysis and created a comprehensive detailed business plan for Monster Energy Drink. Plan was intended for future implementation and included sponsorship opportunities, sub products, and ways to become a greener company while ensuring industry competitiveness.
Info Edge Presentation
This document provides information about Info Edge (India) Limited, India's number 1 internet company. Some key points:
- Info Edge was founded in 1997 and has grown to 2000 employees across 54 offices in India and the Middle East.
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Business plan digital media
This document provides a business plan for a digital out-of-home advertising company that will initially operate screens in four cities in Karnataka, India. The company will use 10 screens total, with 5 in Bangalore, 2 in Mysore, 3 in Mangalore, and 2 in Hubli. The screens will be placed in high traffic areas and will play targeted advertising content for companies in various industries like mobile, insurance, education and banks. The digital format allows for an attractive and low-cost way for companies to advertise that provides broad coverage and reminder benefits to customers.
Monster.com Power Resume Search
Introducing Monster’s patented 6Sense™ Search Technology- the most advanced way to precisely match Job Seekers to your opportunities. Power Resume Search will help you find the relevant candidates you need quickly and effortlessly.
Monster Presentation
Team Monster was tasked with developing strategies to improve Monster Energy Drink's position in the energy drink market. They conducted secondary research on the market size, segments, growth rate, consumption, distribution channels, pricing, and major competitors. Their primary research examined main purchasing criteria and compared Monster to competitors. The energy drink market was growing, with consumption projected to reach 1.3 liters per capita by 2014. Monster's target markets included male students aged 17-30 seeking an energy boost for activities. Compared to Red Bull and Amp through a weighted decision matrix, Monster scored slightly lower than Red Bull but higher than Amp. The team's next steps were to research Red Bull further and position Monster to match or surpass Red Bull's performance
Foodpanda 2.0
Foodpanda 2.0 aims to expand Foodpanda's online food delivery and grocery delivery business in India. Its goals include occupying 15% of the online food delivery market by 2017, becoming profitable in India by 2019, and occupying 20% of the online grocery market by 2020. To achieve this, Foodpanda 2.0 will introduce a new premium app version with improved services, expand restaurant and supermarket partnerships, and leverage strategic marketing communications. The success of Foodpanda 2.0's expansion will be evaluated based on app downloads and the adoption of its paid app version and market share in online grocery delivery.
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In today’s world, customer service is everything. With online shopping and digital communication, customers expect fast and efficient service from businesses. This is where chatbots come in handy.
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ConvoLab Brochure
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Videoview
The document discusses a webcam video interview platform that aims to improve upon traditional recruitment methods by allowing for more affordable and asynchronous preliminary interviews that can screen larger numbers of international candidates and assess important soft skills like personality, communication abilities, and language skills in a secure manner, helping hiring managers identify the best candidates for further review while reducing costs, barriers to international mobility, and scheduling difficulties compared to in-person or live video interviews.
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The document discusses a webcam video interview platform that aims to improve the traditional recruitment process by allowing affordable and asynchronous video interviews for candidates anywhere in the world, allowing hiring managers to screen more candidates and better assess soft skills and fit through video responses to pre-recorded questions without costly travel or scheduling challenges. The platform collects video responses securely online and integrates flexibly into existing application forms and systems for a positive impact through digital innovation.
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This document provides an introduction to conversational user interfaces (CUIs) and chatbots. It discusses what CUIs and chatbots are, how they relate to artificial intelligence, internet of things, and augmented reality. Examples of existing chatbots are presented. The document outlines potential uses for chatbots, such as providing customer service, completing transactions, and automating routine tasks. It discusses the future direction of chatbots, including a world where personal bots interact with each other. The key takeaway is that developing chatbots should start with defining their purpose to benefit humanity.
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Artificial Intelligence Virtual Assistants & Chatbots
Artificial Intelligence transforms different interfaces into interactive systems that can be interacted with using Natural Language Processing technology. Thus, businesses can offer voice-integrated smart self-service solutions to their customers with Natural Dialogue Solutions, which can be positioned in different areas ranging from IVR systems to virtual assistants, from chatbots to smart systems.
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Banking Chatbot
The document discusses developing a banking chatbot to provide customers quick information without having to visit a bank or read documentation. A group of 4 students will create a chatbot integrated into a bank's website to answer common queries about accounts, loans, cards and other services. The chatbot will be trained using Dialogflow and built using technologies like React, Express and MongoDB. It will offer 24/7 support to improve the customer experience.
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Monster Business Model
- 1. 08 Aug 2011 Business Model: to provide web/mobile chat* to prospective job candidates. Goal: to increase job conversions based upon pre-qualification through 15-minute chat interviews Objectives: reduce human resource expense for employer; take the ‘interview’ opportunity to the candidate via web/mobile chat. Revenue Streams: per chat paid by employer; per chat paid by candidate. Example: ‘Take advantage of our new Monster Chat pre-qualify interviews. Find you next job in 15 minutes. 5 chats for $15…’ Implementation/Deployment: add chat opportunities on Moster.com and Monster smart phone applications. DEMO Now at: www.ChatSalesForce.com *Chat Labor is available.
- 2. CloudClick has a turn-key mobile/web chat solution that allows Monster to customize their current smart phone applications with live chat capabilities. • Potential candidates are using their smart phone to search and research new job opportunities. • Potential candidates would rather chat via device for initial questions and next steps Chat Now Chat Now Chat Now Chat Now
- 3. Sample Mobile Chat Sample Mobile QR Chat
- 4. Sample Web Chat Custom Pre-chat window that identifies the career opportunity