Monster and NAACP Announce Online Recruiting Partnership; Monster Becomes the Exclusive Online Career Resource of the NAACP
Co-Branded Site to Deliver Diversity Recruiting Solutions for Employers and Targeted Jobs and Content for Diverse Job SeekersMAYNARD, Mass. & BALTIMORE, Feb 26, 2003 (BUSINESS WIRE) --Monster(R), the leading global online careers property and flagship brand of TMP Worldwide Inc. (NASDAQ: TMPW), and the National Association for the Advancement of Colored People (NAACP) today announced a strategic online recruiting partnership. Under the agreement, Monster will become the exclusive online career partner of the NAACP, the nation's oldest and largest civil rights organization. Through the multi-tiered relationship, job seekers will be able to search for job opportunities across a wide breadth of industries; furthermore, the co-branded site will enable employers to target, reach, and access a diverse pool of qualified candidates.
The nation's economy has provided challenges for job seekers nationwide, with the current unemployment rate at 5.7 percent, according to the Bureau of Labor Statistics (January 2003). However, the current state of the job market has taken an especially tough toll on African-Americans, who have a 10.3 percent unemployment rate as well as Hispanics or Latinos, who have an unemployment rate of 7.8 percent. To help address the difficulties experienced in finding employment nationwide, Monster's new partnership with the NAACP will enable job seekers to connect with job opportunities across a wide range of industries.
The co-branded website will be prominently featured as the career channel of the NAACP website. In addition, a similar co-branded page will serve as the central homepage for the Monster Diversity & Inclusion channel, accessible via the Monster homepage. Visitors to the site via Monster and the NAACP and its chapters will be able to search through thousands of job opportunities, as employers can elect to post jobs on Monster to the co-branded website. Companies nationwide will be able to reach a qualified and diverse base of job seekers.
"Our new partnership with the NAACP will be instrumental in helping address the current unemployment suffered by diverse job seekers nationwide," said Andrew J. McKelvey, Chairman and Chief Executive Officer of TMP Worldwide. "The co-branded website will enable job seekers to connect with quality job opportunities from leading companies nationwide, while having access to expert-driven tools and services to manage their careers."
"Partnering with Monster gives the NAACP a tremendous opportunity to provide a qualified and racially diverse set of job seekers with great job opportunities nationwide, as well as tips and advice on how to succeed in their careers and their lives," said Kweisi Mfume, NAACP President & CEO. "Creating real diversity in the workforce is an opportunity for companies in all regions across the country to grow their business by finding and connecting with qualified job applicants."
The Monster and NAACP partnership will extend beyond job postings, offering a wide array of career offerings, designed to help job seekers manage their careers and help drive job postings from leading companies nationwide to the co-branded website. Content of the site will include career articles, profiles of diversity advocates and professionals, newsletters, and message boards on wide-ranging diversity topics and issues.
Founded in 1909, and headquartered in Baltimore, Md., the NAACP is the nation's oldest and largest civil rights organization with 1700 adult branches and 110 college chapters. Its half-million adult and youth members throughout the United States and the world are premier advocates for civil rights and equal opportunity. In communities nationwide the NAACP is involved in discrimination litigation, non-partisan voter mobilization and monitoring equal opportunity in the public and private sectors.
Monster, headquartered in Maynard, Mass., is the leading global careers website, recording over 55.8 million unique visits during the month of January 2003 according to independent research conducted by I/PRO. Monster connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Scotland, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. Monster is the official online career management services sponsor of the 2002 Olympic Winter Games and 2002 and 2004 U.S. Olympic Teams. More information about Monster is available at www.monster.com or by calling 1-800-MONSTER.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., with more than 8,500 employees in 33 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and Executive Selection agencies. TMP Worldwide, headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 490 of the Fortune 500 companies. TMP Worldwide is a member of the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com.
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