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IN THIS ISSUE
Newsletter Sponsors
A Note from the Editor
Breaking News
Today's Recruiting News Headlines
Featured Recruiting Jobs
Weekly
Article:
Should
Google buy Monster?
Employment and
Economy Stats
Special Trials and Discounts
Recruiting
Polls and Trends
Layoffs and Downsizing
Report
Recruiting Essential Bookmarks
Upcoming Conferences
Site Of The Week:
Work Ministry
Final Note - On The Lighter Side
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A Note From The Editor
'Apprentice' 101: Team
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Breaking News
Help-Wanted Advertising Index Dips One Point
The Conference Board’s
Help-Wanted Advertising Index – a key barometer of
America's job market – dipped one point in September.
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Today's Recruiting News Headlines
View HR/employment
news
headlines or our Recruiting
Newswire.
Please send us with your
press releases, news items, personnel changes, etc. Click
here for submission instructions.
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Featured Recruiting
Jobs
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Weekly Article
Should Google buy Monster?
By
Emblog
Hmmm.
Old
media defending turf? Knight-Ridder, Dow Jones
defending employment advertising?
How about a customer buyout?
Agencies have been Monster's biggest customers for
years. Do Manpower or Adecco have the cash flow and
market cap for a merger?
New media consolidating?
Yahoo
already bought HotJobs. MSN needs an injection of
something with energy and a brand with charisma. AOL
continues to debate whether to continue outsourcing
their career channels (flexibility, best of breed) or to
buy/build their own for better integration with the rest
of an AOL broadband experience.
And then there's Google.
What might you see out of Monster/Google?
Monster Blogged.
- Every job seeker gets a weblog.
- Tell your professional story.
- Narrate your job search.
- Keep it while you're employed, independent of
your employer, building equity for your next search.
- Blogroll extras: employers you've visited, blogs
of job seekers like you, jobs that might interest
you.
- Your blogging reputation carries over to your
job search.
- Links on a million weblogs to career profiles.
- Monster suggesting keywords and language from
your weblogs.
- Every employer gets a weblog.
- Better branding, better user experience, fresh
stuff.
- Job seekers can subscribe to their potential
employers' RSS feeds.
Monster powered Orkut.
- Swarm job search.
Forums around
specific job searches, occupations, employers,
industries. See what jobs your fellow chiropodists are
looking at and what they're saying about them.
- Network candidate discovery. Find
the candidate who's a friend of the fully employed
candidate. Word of mouth in the social networking age.
Branded Gmail.
- Every job seeker gets free email.
Hidden from your employer. Text job ads informed by
your subscriptions and searches.
Monster Toolbar.
Screen real estate is precious.
Google's toolbar is about as ubiquitous as Yahoo!'s.
Enterprise's using a Google search appliance for their
intranets get extra bang from using a Google toolbar
that knows to check both the appliance and the global
Google server for answers.
Add the Monster button
right next
to the Blogger button.
- Let your surfing behavior inform Monster's job
recommendations.
- Visit a site? JobMark™ it as a place of
potential career interest. Or as a place to avoid.
- Build in "tell-a-friend" about a job.
- Flag specific job listings.
Google Search.
A search on lexicography shows me relevant sites.
Featured links might include lexicograper jobs.
"Show free job listings from your field on your web
site." Every site gets context appropriate job
listings, paid as adverts to Monster/Google, royalties
to the niche webmasters. Google has the infrastructure
in place, plus hundreds of thousands of sitemasters.
Job (Ad) Enrichment.
Monster can add context to a job posting.
- Local news, especially anything mentioning the
employer or its competitors.
- Weather.
- Blog posts.
- People who've identified themselves as current
employees or alumni.
- Photos and other graphics related to the firm.
Yahoo might be better at this than Google.
Employer Payoffs:
- Lower cost of candidate aquisition.
- Better targeting (blogs) of job ads.
- Higher quality of referral and word of mouth.
Google's Payoff:
- Cash flow. (not much, but growing)
- More advertising inventory (a quarter of all job
searches flow through Monster).
- More parts of life served by Google.
- Relationships with big corporate ad and business
buyers. (Google doesn't have strong enterprise
products or strong distribution. Yet.)
Google says they
want to help you find everything. Believe them.
And Why Not.
The cultures are literally a continent apart, even
though search is at the heart of both.
- Google trusts in pagerank, the almost mystical
results of emergent behavior when people link web
pages to other pages.
- Monster believes in metadata, structured
profiles, and filling out forms.
- Google: doing interesting and useful things leads
to cash flow.
- Google builds on common, everyday human behaviors,
and makes them effortless. Horizontal applications.
- Monster aims hard at sucking value from the $60
billion labor market business. Verticalized market
making.
Perhaps the clearest gap lies in how they think about
people.
Google is humanistic. People are rich with
complexity, always changing. They interact with one
another and their cyberspaces in ways that serve them
and that create meaning.
Contrast this with the HR model. In my experience
(formerly global VP for strategy and technology of the
world's largest staffing company), 98% of human
resource organizations model people as widgets to be
processed, inventory to be managed, cluttered incoherent
masses to be manipulated. When HR systems work it is
because of the systems and despite the humans. Monster
strives to be different, but it is thoroughly infected -
top to bottom - with the values and views of its paying
customers, HR departments.
So Google and Monster should partner-up instead of
merge.
Other notes on this subject:
- Mail is part of Google's enterprise strategy.
http://dijest.com/aka/2004/04/03.html#a2711
- Monster enters the community business. Look out
Ryze.
http://dijest.com/aka/2003/10/20.html#a2659
- My Web Services API Wishlist: .gov and
Monster.
http://dijest.com/aka/2002/07/20.html#a1849
About the Author
Posted at
http://www.dijest.com/emblog/2004/08/should-google-buy-monster.html
posted by Phil Wolff
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Employment and Economy Stats
- New
|
Current Stats
CPI:
+0.2% in Sep 2004
Unemployment Rate:
5.4% in Sept 2004
Payroll Employment:
+96,000(p) in Sept 2004
Average Hourly Earnings:
+$0.03(p) in Sep 2004
PPI:
+0.1%(p) in Sep 2004
ECI:
+0.9% in 3rd Qtr of 2004
Productivity:
+2.9% in 2nd Qtr of 2004
U.S. Import Price Index:
+0.2% in Sep 2004
Source:
BLS.gov
(p) = projected |
Trends Unemployment Rate
5.4% Sept 2004
5.4% Aug 2004
5.5% July 2004
5.6% Jun 2004
5.6% May 2004
5.6% Apr 2004
5.7% Mar 2004
5.6% Feb 2004
5.6% Jan 2004
Employment Cost Index
+0.9% in 3rd Qtr of 2004
+.9% 2nd Qtr of 2004
+1.1% 1st Qtr of 2004
+0.7% 4th Qtr/2003
Change in Payroll Employment
+96,000(p) in Sept 2004
+144,000 Aug 2004
+32,000 July 2004
+112,000 June 2004
+235,000 May 2004
+324,000 Apr 2004
+353,000 Mar 2004
+83,000 Feb 2004
+159,000 Jan 2004
Source:
BLS.gov |
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Recruiting Polls and Trends
Recruiters More Bullish
On The Employment Market
www.execunet.com - Despite high oil prices and
election uncertainty, ExecuNet’s Recruiters Confidence
Index surged in October. According to the recent survey
of 106 executive recruiters conducted by ExecuNet, the
executive job search and recruiting network, the
executive employment market is poised for strong growth
in the months ahead.
According to the survey, 67% of recruiters are confident
or very confident the executive employment market will
improve during the next six months - up significantly
from 56% in September. During this period of time, the
executive search industry is expecting a 20% increase in
the number of assignments it receives from clients.
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Layoffs and Downsizing
Report
Recruiters Network has added
a layoff and downsizing report section to its
newsletter. This section can be a great leads source for
candidates.
More information on how to use this section >>.
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Recruiting Essential Bookmarks
General Careers and Jobs
Blogs
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Upcoming Seminars &
Conferences
Nov 17 Recruiting in
Cyberspace
Nov 18-19
Recruiting 2004 Conference & Expo
Feb 26-27, 2005 -
Extending Your Brand to Employees Conference
March 15, 2005
ERExpo West
Complete calendar for upcoming
conferences and
seminars.
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Site Of The Week
Work Ministry
is a career management resource providing support for
faith-based organizations serving the unemployed, the
underemployed and career changers. We assist Job Support
Ministries with resources for spiritual support, career
management and technology for members seeking
assistance. Our strategy is to develop a national
network of Job Support groups using the same platform
for connecting candidates and company employers.
Our website,
www.workministry.com, is powered by careercast,
which manages 150 job boards. We are developing a
national database with 40-50%+ confidential resumes of
employed candidates to support staffing goals of
employers.
Our rates for ads, wrap accounts (transfer of jobs on
your company website)
and job postings are on the site. We will offer a 25%
discount to
employers or Third Party Recruiters posting jobs on the
site. The three month wrap fee of $1500.00 is offered
for $1000.00.
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Final Note - On The
Lighter Side
Grumpy British Bosses Need
More Sleep -Study
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