Comments on: Monster Stumbles. Is CareerBuilder Next? http://blogs.jobdig.com/diggings/2007/07/31/monster-stumbles-is-careerbuilder-next/ A blog about recruitment advertising, media, publishing, HR, work, & technology, among other things Wed, 30 Sep 2009 14:42:15 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: Doug http://blogs.jobdig.com/diggings/2007/07/31/monster-stumbles-is-careerbuilder-next/comment-page-1/#comment-15075 Doug Sat, 11 Aug 2007 13:18:59 +0000 http://blogs.jobdig.com/diggings/2007/07/31/monster-stumbles-is-careerbuilder-next/#comment-15075 Not sure where any of you are finding your traffic numbers, but Media Metrix (owned by Nielson ) does show Monster traffic decreasing while CareerBuilder traffic has been increasing year over year. Where Monster used to be the tech leader, CareerBuilder has now surpassed and taken the lead in the market. My company used all three national boards HJ, Monster and CB last year, but after extensive research we discovered CB outperfomed the others by 3 to 1 when it came to hires. Am sure it may be different in other geographies or industries, but I would not lump all of the boards together in the decline. Monster has lost its focus - no wonder they are trying to sell off. Did you notice their founder has been selling his shares of Monster like crazy? Over 1 million shares already. That is not a great endorsement! Not sure where any of you are finding your traffic numbers, but Media Metrix (owned by Nielson ) does show Monster traffic decreasing while CareerBuilder traffic has been increasing year over year. Where Monster used to be the tech leader, CareerBuilder has now surpassed and taken the lead in the market. My company used all three national boards HJ, Monster and CB last year, but after extensive research we discovered CB outperfomed the others by 3 to 1 when it came to hires. Am sure it may be different in other geographies or industries, but I would not lump all of the boards together in the decline. Monster has lost its focus – no wonder they are trying to sell off. Did you notice their founder has been selling his shares of Monster like crazy? Over 1 million shares already. That is not a great endorsement!

]]> By: Teena Rose, ResumetoReferral.com http://blogs.jobdig.com/diggings/2007/07/31/monster-stumbles-is-careerbuilder-next/comment-page-1/#comment-14709 Teena Rose, ResumetoReferral.com Sun, 05 Aug 2007 06:48:13 +0000 http://blogs.jobdig.com/diggings/2007/07/31/monster-stumbles-is-careerbuilder-next/#comment-14709 Jobseekers have recognized and are taking advantage of listing their resumes into a smaller, more targeted "pond" ... commonly referred to as niche job banks. It's financially feasible for those on the hunt, obviously, since most banks don't have a fee structure for jobseekers. I suspect hiring managers, recruiters, and the like, are finding the low cost to access resumes as irresistible and a highly attractive alternative too. Video resumes, blogs, online networking portals, and so on, are likely additional causes for the consistent decline in traffic to Monster and CareerBuilder. The introduction of new (and yes, fun) technologies will certainly receive upfront exposure. Jobseekers have recognized and are taking advantage of listing their resumes into a smaller, more targeted “pond” … commonly referred to as niche job banks. It’s financially feasible for those on the hunt, obviously, since most banks don’t have a fee structure for jobseekers. I suspect hiring managers, recruiters, and the like, are finding the low cost to access resumes as irresistible and a highly attractive alternative too.

Video resumes, blogs, online networking portals, and so on, are likely additional causes for the consistent decline in traffic to Monster and CareerBuilder. The introduction of new (and yes, fun) technologies will certainly receive upfront exposure.

]]> By: Bob http://blogs.jobdig.com/diggings/2007/07/31/monster-stumbles-is-careerbuilder-next/comment-page-1/#comment-14589 Bob Thu, 02 Aug 2007 16:53:00 +0000 http://blogs.jobdig.com/diggings/2007/07/31/monster-stumbles-is-careerbuilder-next/#comment-14589 Another reason why Monster is laying off people is that Careerbuilder has been aggressively and successfully pursuing Monster's customer base. Another reason why Monster is laying off people is that Careerbuilder has been aggressively and successfully pursuing Monster’s customer base.

]]> By: Steven Rothberg, CollegeRecruiter.com http://blogs.jobdig.com/diggings/2007/07/31/monster-stumbles-is-careerbuilder-next/comment-page-1/#comment-14548 Steven Rothberg, CollegeRecruiter.com Wed, 01 Aug 2007 17:04:56 +0000 http://blogs.jobdig.com/diggings/2007/07/31/monster-stumbles-is-careerbuilder-next/#comment-14548 A pretty significant difference between Monster and Careerbuilder is that the former is embroiled in the options backdating scandal and accompanying SEC inquiry. Monster's expenses went up by 1/3 year-to-year and by their own admission much of that was due to the scandal. A pretty significant difference between Monster and Careerbuilder is that the former is embroiled in the options backdating scandal and accompanying SEC inquiry. Monster’s expenses went up by 1/3 year-to-year and by their own admission much of that was due to the scandal.

]]> By: Dennis Gorelik http://blogs.jobdig.com/diggings/2007/07/31/monster-stumbles-is-careerbuilder-next/comment-page-1/#comment-14507 Dennis Gorelik Tue, 31 Jul 2007 20:21:29 +0000 http://blogs.jobdig.com/diggings/2007/07/31/monster-stumbles-is-careerbuilder-next/#comment-14507 I wonder, why did Monster need more than 5000 employees in the first place? It's like ~50% the size of Google, considering that Google's market capitalization is ~30 times more. Considering that Monster did virtually nothing in technology field recent years, I assume that all these employees were busy trying to sell low-quality Monster services. I wonder, why did Monster need more than 5000 employees in the first place?
It’s like ~50% the size of Google, considering that Google’s market capitalization is ~30 times more.

Considering that Monster did virtually nothing in technology field recent years, I assume that all these employees were busy trying to sell low-quality Monster services.

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