PharmiMike

Monster announced last week that it has completed its acquisition of Yahoo! HotJobs, a leading online recruitment website, from Yahoo! for $225 million in cash. Concurrent with the closing of the acquisition, Monster and Yahoo! have also entered into a three year commercial traffic agreement whereby Monster will become Yahoo!’s exclusive provider of career and job content on the Yahoo! homepage in the United States and Canada.

The acquisition of Yahoo! HotJobs further strengthens Monster’s position as the market leader in online job opportunities and global recruitment resources. Monster’s expanded customer base will have access to even more talent, with the brand reaching roughly 62 percent of the US internet population (130 million unique visitors.) Monster will also expand its newspaper partnerships from 400 to 1000 with the addition of 600 HotJobs daily and weekly newspapers providing local reach in all 50 states.

At the same time, job seekers will have access to more opportunities, since Monster is now the foremost source of job postings for employers in 19 of the top 20 industries and in 45 out of the top 50 cities as compared to any leading online career site.1

“We are delivering on our strategy with the acquisition of HotJobs and the clear winners are our customers, job seekers and shareholders,” said Sal Iannuzzi, chairman, chief executive officer and president of Monster Worldwide. “We now have a powerful one-two punch of scale and precision – the largest pool of seekers and jobs, coupled with our 6Sense semantic search technology(TM) that allows unrivaled ability to match talent and opportunities.”

“The completion of the acquisition of HotJobs by Monster is great news for users, customers, employees and partners,” said Jeff Kinder SVP, Media Products and Solutions at Yahoo!. “The combination of Monster and HotJobs offers a stronger service for all parties, with more employers, job seekers and opportunities. The traffic agreement also enables Yahoo! to continue to provide users with valued online career and recruiting services.”

Effective today, Monster enters a transition period while the company builds an integrated site and product offering that will deliver the industry’s most complete recruitment and career seeking solutions – and the tools to derive the most relevant results from the most possibilities.

Full Press release.  http://about-monster.com/content/monster-completes-acquisition-hotjobs-and-enters-multi-year-traffic-agreement-yahoo

Interesting WSJ article about large companies who contine to invest in their Job Sites…

Firms Invest Big in Career Sites

http://timothyesse.blogspot.com/2010/06/top-15-linkedin-groups-for-job-seekers.html

This is quite interesting, but I’ve just found that I’m about to reach the “group” limit on LinkedIn. I didn’t know that you could only join 50 groups. Darn it. I need to be more selective.

This is quite an old report, but I came across it and thought it was worth sharing

New research published today (October09) by the Department for Work and Pensions (DWP), shows that racial discrimination in recruitment still exists towards ethnic minority people.

The study showed discrimination occurred for those applying for jobs with a name suggesting they were from an ethnic minority, rather than white British. For every nine applications sent by a white applicant, an equally good applicant with an ethnic minority name had to send sixteen to obtain a positive response.

Three applications were sent to 987 advertised job vacancies giving a total of 2,961 applications.  Applications were made to private, public and voluntary sector employers of varying sizes.

The public sector vacancies included in this study – which usually required standard application forms, did not discriminate at this initial stage of recruitment.  This suggests that discrimination might be reduced by the use of standard application forms.

http://www.dwp.gov.uk/newsroom/press-releases/2009/october-2009/dwp047-09-191009.shtml

In many ways this could be turning recruitment on its head and is probably not that popular with recruiters, but http://www.resumerabbit.com/ will (for a fee of $59.95) push your CV out to 88 Job sites, and expose you to the wider world (in a nice way I hope)..

One-Stop Resume Posting Service Just one simple form makes your resume and job requirements instantly available to employers and recruiters on all of the very best career web sites. This resume posting service gives you massive exposure while saving you over 60 hours of research and data entry.

Multiple Job Category SelectionsOur Resume Posting service offers multiple categories of career sites where we can post your resume. We’ve identified all the best sites in each category to choose amongst: General Purpose, Information Technology, Sales & Marketing, Diversity, and Accounting.

Sites include:

4Jobs.com 
American Preferred 
AmericasJobSource.com 
Best Jobs USA 
Career Center 
Career File 
Career Mart 
Career Shop 
CareerBuilder 
CareerJournal.com 
Employ.com 
EmployerIndex.com 
eRecruitingWorld.com 
Fortune1000Jobs.com 
Help-Wanted.net 
HelpWantedSite.com 
HireNet 
HotResumes.com 
I Want Work 
Job Bank USA 
Job.com 
JobAdsUSA 
JobAnimal.com 
JobIsland
JobPostingsOnline.com 
JobSearchLink.com 
JobSearchSite.com 
JobSearchWarehouse 
JobsExcite 
JobToaster.com 
Jobvertise 
JobWarehouse 
MegaJobSites.com 
Monster.com 
Net-Temps 
PostingsOnline.com 
PostingWildcard.com 
Prohire.com 
QuintCareers.com 
RecruiterDirect 
RecruitUSA 
Resumes2Work 
SearchEase.com 
The Talent Bank 
Thingamajob.com 
TrueCareers 
USJobNetwork.com 
VCRJobs

.. plus  a load of other speciality and diversity job boards.

It also sets up job agents for you based on your profile and will email you (presumably a lot!) with matching jobs.

However, it’s USA based and doesn’t currently allow you to create an account if you can’t add a valid zip code, state and phone number. Perhaps we should do a similar thing in the UK / EU on PharmiWeb.com ??