U.S. Office of Personnel Management Awards Monster Government Solutions Contract for Federal Government's Online Job Sites; OPM Estimates Contract to Continue Management and Enhancement of Job Sites to Be Worth up to $27 Million
MCLEAN, Va.--(BUSINESS WIRE)--Aug. 2, 2005--Monster Government Solutions, a subsidiary of Monster Worldwide (NASDAQ:MNST), announced today that the U.S. Office of Personnel Management (OPM) has awarded the company a contract for the management of the Federal Government's online job sites. The contract includes four one-year renewal options worth up to $27 million over the next five years.
Under the contract, Monster Government Solutions will continue to manage and enhance USAJOBS, the Federal Government's official site for jobs and employment information, and STUDENTJOBS, the Government's site for student jobs, in order to help OPM attract top talent to careers in public service. Since Monster Government Solutions began managing USAJOBS in 2003, the site has attracted more than 141 million visitors and more than 1 million resumes have been submitted online for jobs within the Federal Government.
"Monster Government Solutions is helping OPM fundamentally change the way people apply for Federal jobs," said Chris McCarrick, SVP and General Manager of Monster Government Solutions. "We look forward to continuing to work side-by-side with OPM to deliver online innovations that will help draw individuals to careers with the government."
Monster Government Solutions has advanced USAJOBS by developing a resume builder optimized for Federal hiring, a new vacancy announcement format to better present job information, and integration between the site and automated hiring systems used by federal agencies. These enhancements have helped drive customer satisfaction for USAJOBS to a record high according to the American Consumer Satisfaction Index. Earlier this year, USAJOBS also received an award from the American Council for Technology for demonstrating commitment to progress through technology.
About Monster Government Solutions
A wholly owned subsidiary of Monster Worldwide, Inc., Monster Government Solutions applies the proven expertise essential to solving the human capital challenges facing government agencies. Through our Performance Continuum(TM), we offer a host of solutions from planning and recruitment to assessment, staffing and hiring, including an enterprise hiring management system. Monster Government Solutions serves more than 100 government agencies and has offices in the Washington, D.C. and Boston metropolitan areas. More information about Monster Government Solutions is available at www.monstergovernmentsolutions.com.
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers property. The company also owns TMP Worldwide, one of the world's largest Recruitment Advertising agency networks. Headquartered in New York with approximately 4,500 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.
Monster is the leading global online careers property. 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 25 local language and content sites in 23 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://recruiter.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 the company's strategic direction, prospects and future results. Certain factors, including factors outside of our 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 we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
CONTACT: Monster Government Solutions
Renee Henrich, 703-269-0054
SOURCE: Monster Government Solutions