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Monster Introduces Talent Management Suite to Help Companies Recruit, Hire and Retain the Best Employees
Monster(R), the leading global online careers and recruitment resource and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST), today announced the release of the Monster Talent Management Suite, a set of fully integrated employment solutions targeted toward small businesses and mid-size enterprise companies.
Through a new technology agreement with HRsmart, a leading developer of talent management software products, the Monster Talent Management Suite offers enhanced and integrated Career Site Hosting (CSH) and Applicant Tracking System (ATS) products. This integrated and cost-effective solution enables customers to optimize day-to-day HR activities and offers sophisticated analytical tools to save them time and money while improving effectiveness and simplifying the process.
Monster Talent Management Suite also offers post-hire modules including on-boarding, learning management, performance management and salary management. The addition of these post-hire modules marks the expansion of Monster's product portfolio into talent retention solutions. Monster's customers will now be able to automate, manage and measure the employment lifecycle from pre-hire sourcing through post-hire employee retention via a single-source solution.
"We continue to build on our HR Alliance strategy by aligning with Premier ATS alliance members for our very large customers, and offering robust Monster branded employment solutions for the mid-size market," said Neal Bruce, Vice President of Alliances for Monster. "Gone are the days when an HR team requires five different vendors, systems and passwords to do their jobs. Monster intends to capitalize on this huge opportunity to better serve the mid-size market by offering innovative solutions across the employment lifecycle through one unified platform."
"The combination of Monster's market expertise with our technology creates a highly compelling value proposition for employers," said Mark Hamdan, HRsmart, CEO. "Employers will have seamless solutions that address all talent management challenges including sourcing, hiring, training, development, performance and retention."
Presence at ER Expo 2006 Fall
Monster will be available to discuss, and offer demonstrations of the Monster Talent Management Suite at Booth #19 and #20 during show floor hours:
-- Wednesday, September 13th: 12:45 p.m. - 3:15 p.m.; 5:30 p.m. - 7:30 p.m. -- Thursday, September 14th: 11:00 a.m. - 2:00 p.m. About Monster WorldwideFounded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers and recruitment resource. Headquartered in New York with approximately 4,200 employees in 36 countries, Monster Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index and NASDAQ 100. More information about Monster Worldwide is available at www.monsterworldwide.com.
About Monster
Monster(R) is the leading global online careers and recruitment resource. A division of Monster Worldwide, Monster works for everyone by connecting quality job seekers at all levels with leading employers across all industries. Founded in 1994 and headquartered in Maynard, Mass., Monster has 34 local language and content sites in 32 countries worldwide. More information is available at www.monster.com or by calling 1-800-MONSTER. To learn more about Monster's industry-leading employer products and services, please visit http://info.monster.com.
About the Monster HR Alliances Program
The Monster HR Alliances program seeks to create greater customer value via highly integrated product and service offerings. Through the initiative, Monster has established several alliance program categories including Applicant Tracking Systems (ATS), Job Distribution, and Candidate Assessment Providers.
About HRsmart, Inc.
Founded in 1994, HRsmart provides a fully hosted, network-delivered suite of talent management software solutions including applicant tracking, online recruiting, performance management, learning management, career development, succession planning, employee referral and job distribution. HRsmart supports a wide range of clients including, but not limited to, the medical, retail, manufacturing, financial, government, hospitality, petrochemical and telecommunications industries. Many organizations, including Fortune 500 companies, commercial public career boards and recruiting firms turn to HRsmart for their talent management needs. HRsmart has operations in the United States, Europe, Canada and Latin America and offers solutions in English, Spanish and French. For more information, please visit www.hrsmart.com.
Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
CONTACT: Monster Contacts: Monster Danielle Perry, 978-461-8366 danielle.perry@monster.com or Monster Steve Sylven, 978-461-8503 steve.sylven@monster.com or Weber Shandwick (For Monster) Andy Rohr, 617-520-7030 arohr@webershandwick.com SOURCE: Monster
