U.S. Chamber of Commerce Selects Monster as Preferred Online Recruitment Provider; Alliance to Offer Quality Hiring Solutions to Small and Medium-Sized Companies Across the United States
MAYNARD, Mass. & WASHINGTON--(BUSINESS WIRE)--Nov. 18, 2005--Monster(R), the leading global online careers and recruitment resource, and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST), and the U.S. Chamber of Commerce (www.uschamber.com), the world's largest business federation, today announced a two-year alliance to provide top quality hiring solutions to U.S. Chamber members. Monster was selected following a competitive search that included several other national recruitment solution providers.
The organizations will jointly develop initiatives and programs designed to build awareness of, and educate small businesses about, the efficiencies and effectiveness of online recruiting. The alliance also provides Monster the opportunity to impart how its tools and recruiting solutions can help small and medium-sized businesses find qualified candidates to sustain and grow their businesses.
"The U.S. Chamber of Commerce is an esteemed organization with whom we are honored to be associated. Our ideals and objectives - to help advance people's lives and support small business employment needs - are strongly aligned with those of the U.S. Chamber, and that bodes well as we embark on this relationship," said Brad Baker, Chief Marketing and Product Officer of Monster Worldwide. "Small and medium businesses are playing a significant role in driving today's U.S. economy, and are a key strategic business priority for Monster. With 96 percent of the U.S. Chamber's membership representing companies with fewer than 100 employees, this alliance provides a wonderful opportunity for Monster to enhance its brand awareness and dialogue with this growing segment."
With small and medium-sized companies generating 60 to 80 percent of net new jobs annually and employing more than half of all private sector employees (source: U.S. Small Business Association, 10/14/2003), utilizing the right recruiting solutions are critical to their future growth and success. Accessible via the U.S. Chamber small business site (www.uschamber.com/sb), members will have direct access to:
-- Monster's full breadth of recruitment and hiring solutions -- A hiring toolkit, including employment facts, articles and expert advice on a range of pertinent topics including employee retention and how to write more effective and compelling job descriptions; and -- Exclusive, customized offerings designed specifically for U.S. Chamber members."With the competition for talent on the rise, we believe Monster will give our members a competitive advantage in their employee recruitment and retention efforts," said J.P. Moery, Senior Vice President, Federation Relations, U.S. Chamber of Commerce. "We are very excited about making this dedicated online recruitment service and resource available to the three million businesses in our federation."
Through the alliance, U.S. Chamber members looking for a new job opportunity will have access to thousands of local job postings that span all titles, levels, industries and occupations, as well as Monster-provided content and cutting-edge tools designed to personalize the job search process.
About the U.S. Chamber of Commerce
The U.S. Chamber of Commerce is the world's largest business federation representing more than three million businesses and organizations of every size, sector and region. More information about the U.S. Chamber is available at www.uschamber.com.
About Monster
Monster(R) is the leading global online careers and recruitment resource. A division of Monster Worldwide, Monster was founded in 1994 and is headquartered in Maynard, Massachusetts, USA. Monster has 26 local language and content sites in 24 countries worldwide. Monster is known for connecting quality job seekers at all levels with leading employers across all industries and offers employers innovative technology and superior services that give them more control over the recruiting process. 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://recruiter.monster.com.
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers and recruitment resource. The company also owns TMP Worldwide, one of the world's largest Recruitment Advertising agency networks. Headquartered in New York with approximately 4,800 employees in 26 countries, Monster Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index. More information about Monster Worldwide is available at www.monsterworldwide.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: Weber Shandwick Worldwide Andy Rohr, 617-520-7030 arohr@webershandwick.com or U.S. Chamber of Commerce Media Office, 202-463-5682 SOURCE: Monster












