Monster Sees Considerable Migration Toward Online Recruitment Within the Healthcare Industry
MAYNARD, Mass., Oct 03, 2006 (BUSINESS WIRE) -- Healthcare organizations and professionals are increasingly looking online for recruitment and employment, according to information today released by Monster(R), the leading global online careers and recruitment resource and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST). Monster's healthcare resume database continues to experience significant growth with over 50,000 resumes added each week. Additionally, a recent Monster Employment Index report indicates that online demand for healthcare workers is at an all-time high, signifying the growing popularity of online recruitment strategies within the healthcare sector.
Healthcare continues to be a burgeoning field that is helping to fuel the economy, as hospitals and healthcare organizations are constantly in need of well-qualified candidates. According to the American Hospital Association, U.S. hospitals currently need approximately 118,000 Registered Nurses (RNs) to fill vacant positions nationwide. With more than 400,000 nursing-specific resumes available on Monster, better utilization of online resources may help hospitals fill this gap quickly and effectively.
"Healthcare organizations constantly face recruitment and retention issues and it is only recently that the healthcare industry has begun substantially using the internet to search for candidates," said Don Schlider, Vice President of Recruitment, Genesis Healthcare. "For budget and time constrained healthcare organizations, online recruiting is a simple, affordable yet high-impact way to connect with qualified candidates."
Adding to the need for better recruitment techniques is recently proposed legislation. The Registered Nurse Safe Staffing Act of 2005, currently in review with the Senate Committee on Finance, seeks to establish a requirement for minimum staffing ratios. This is likely to further accelerate the demand for qualified nurses and have an enormous impact on the industry in terms of staffing. Hospitals and other healthcare organizations will increasingly rely more upon online recruitment as a powerful way to connect with well-qualified candidates.
"Monster has seen a dramatic increase in activity in the healthcare space over the last few years, which underscores the industry's need for the cost and time saving benefits of online recruiting," said Denise Cautela, Monster's Healthcare Segment Director. "The healthcare industry is faced with a variety of challenges, ranging from regulatory issues to shrinking budgets, which is why effective recruiting is so critical. The recent data, combined with the fact that job seekers conduct over 20 million healthcare-related searches each month on Monster, demonstrate the healthcare industry's increased need to utilize online recruiting."
For more information, please visit http://healthcare.monster.com/
About the Monster Employment Index
Launched in April 2004 with data collected since October 2003, the Monster Employment Index is a broad and comprehensive monthly analysis of U.S. online job demand conducted by Monster Worldwide, Inc. (NASDAQ: MNST), the parent company of the leading global online careers and recruitment resource, Monster(R). Based on a real-time review of millions of employer job opportunities culled from more than 1,500 Web sites, including a variety of corporate career sites, job boards and Monster, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. All of the data and findings in the Monster Employment Index have been validated for their accuracy through independent, third party auditing conducted on a monthly basis by ARC Research. The audit validates the accuracy of the online job recruitment activity measured within a margin of error of +/- 1.05%.
About Monster Worldwide
Founded 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 the NASDAQ 100. More information about Monster Worldwide is available at www.monsterworldwide.com.
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.
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.
SOURCE: MonsterMonster Steve Sylven, 978-461-8503 firstname.lastname@example.org or Weber Shandwick (For Monster) Carrie Riley, 617-520-7056 email@example.com