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| [November 19, 2007] |
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Monster and The BOSS Group Unveil Research Highlighting Recruitment Activity for Marketing, Creative and Web Occupations
MAYNARD, Mass. & BETHESDA, Md. --(Business Wire)-- Monster(R), the leading global online careers and recruitment resource and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST), and The BOSS Group, a leading niche provider of on-demand creative, marketing, and web professionals, today announce the availability of research reports detailing job seeker and recruitment activity within the marketing, creative and web-focused occupational category.
The two free reports, "Marketing Job Seeker Activity: What are your candidates doing?" and "Recruiter Activity & Best Practices: How do you stack up?," draw from surveys of human resource professionals, hiring managers and job seekers, as well as Monster's own proprietary data.
Recruiter Report Key Highlights:
-- Recruiting remains competitive in the Marketing sector. In early 2007, marketing job postings had increased by nearly 44 percent, compared to the same period last year. In addition, broad growth is expected throughout 2007, suggesting a further tightening of the labor market.
-- The Washington DC metro area is a "hot spot" for marketing and creative professionals. Whereas demand for marketing professionals in 2007 has been strong overall, job postings in several U.S. states, including Maryland, Virginia and Alaska, have increased by more than 100 percent.
-- Recruiters are working harder to find qualified marketing candidates. Twenty-two percent of recruiters find it typically takes more than 60 days to fill a position. In fact, the average time a creative job posting remains active has increased by almost two weeks over the last two years.
Job Seeker Report Key Highlights:
-- Marketing job seekers are somewhat willing to relocate. In general, marketing job seekers are optimistic about finding work locally; however, 41 percent are open to the possibility of moving, compared to 35 percent in other Monster categories. For the most part, these are seasoned professionals seeking higher-level positions.
-- Many marketing candidates are open to temporary, contract or project-based work. While job seekers in administrative and support roles tend to look for permanent employment, there are many experienced and highly-skilled candidates willing to step into a temporary, contract or project-based opportunity.
-- Many specific jobs saw an increase in demand but the number of applicable newly posted resumes dropped. For example, the number of advertisements for web graphic designers increased by 80 percent, but the number of posted resumes relevant to this job title decreased by 20 percent.
"Our research reveals that there is tightening demand for marketing, creative and web professionals across the nation," said Jeff Quinn, director of research, Monster. "Given this war for talent, employers seeking to recruit and retain qualified candidates need to be more attuned to shifts in job seeker attitudes and behaviors."
Jenna Stone, Marketing Manager for the BOSS Group, commented from company headquarters in Bethesda, Md.: "These reports are unique in that they focus solely on the marketing and creative fields, and we're pleased to be able to partner with Monster to provide this useful information for our clients and the creative industry as a whole. The findings mirror what we're seeing in our day to day operations: an increasingly challenging recruitment market, especially for web positions, and a shift in the tactics employers and job seekers are using to find each other."
The Reports
To download the reports, "Marketing Job Seeker Activity: What are your candidates doing?" and "Recruiter Activity & Best Practices: How do you stack up?" visit The BOSS Group's website. The reports are free of charge.
About The BOSS Group: The BOSS Group is a leader in marketing and creative staffing operating in six markets: Washington DC, Philadelphia, Richmond, Baltimore, Dallas, and Northern New Jersey. For the past 20 years, hundreds of companies across a range of industries have relied on The BOSS Group's niche expertise and proprietary assessment tools for sourcing and evaluating top creative talent. The BOSS Group's staffing specialists understand the unique demands of the creative industry and can partner with you to develop a personalized staffing solution to achieve your organizational goals. Visit thebossgroup.com to learn more.
About Monster Worldwide: Monster Worldwide, Inc. (NASDAQ: MNST), parent company of Monster(R), the premier global online employment solution for more than a decade, strives to bring people together to advance their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 Index and the NASDAQ 100. To learn more about Monster's industry-leading products and services, visit monster.com. More information about Monster Worldwide is available at 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.
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