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Neal Bruce

Sunday, 17 September 2006

Monster Targets the Middle Market - A conversation with Neal Bruce

Neal Bruce

At ERE Conference and Expo in Hollywood, Florida, Neal Bruce, Vice President of Alliances at Monster, announced the "Monster Talent Management Suite," a set of fully integrated employment solutions targeted toward small businesses and mid-size enterprise companies. Adding to the DDI talent assessment tool announced earlier this year, Neal announced a new technology agreement with HRsmart, a leading developer of talent management software products.

Monster Talent Management Suite also offers post-hire modules including on-boarding, learning management, performance management and salary management. The addition of these post-hire modules marks the expansion of Monster's product portfolio into talent retention solutions. Monster's customers will now be able to automate, manage and measure the employment lifecycle from pre-hire sourcing through post-hire employee retention via a single-source solution.

23 Min:

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Neal Bruce Biography:
Neal Bruce, Vice President of Monster Alliances, has been in the recruiting industry for the past 14 years. His first 11 years in recruiting were as a practitioner, moving from recruiter, to recruiting manager, to Director of Staffing for a global software company. He transitioned from the practitioner side to the vendor side with his move to Monster.

Neal has spent the last few years formulating and executing on Monster’s HR vendor alliance strategy. He is a member of Human Capital Institute’s National Advisory Board and a regular speaker at HR industry conferences.

About Monster Wordwide
Source: Hoovers
There are "monstrous" global companies, and then there is Monster Worldwide. Formerly TMP Worldwide, the company operates the world's #1 job search Web site, Monster. (It has retained the top position among job search sites despite losing its planned purchase of chief rival HotJobs.com to Internet giant Yahoo!.) The Monster site features more than 1 million job ads and a database of more than 34 million resumes for recruiters to browse through. Monster Worldwide has reorganized around three geographic regions: Asia/Pacific, Europe, and North America. It boasts most FORTUNE 500 companies as clients. Chairman and CEO Andrew McKelvey controls about 32% of Monster Worldwide.

In August 2006 the company agreed to sell one of its original businesses, recruitment advertising agency TMP Worldwide Advertising & Communications, to agency managers and an investment fund managed by Veronis Suhler Stevenson for $45 million. The move caps a string of divestments -- including the spinoffs of its eResourcing and Executive Search business units and the sale of its Yellow Pages advertising services segment -- intended to sharpen the company's focus on the Monster business.

Along with Monster.com, Monster manages Fastweb.com and MonsterTRAK.com, job search sites for secondary school and college students, and it offers a forum for executives to search for posts (ChiefMonster).

Monster Worldwide has used more than 100 acquisitions in the past decade to stockpile its businesses, which McKelvey hopes to converge on the Web in a network offering job seekers the ability to go from "intern-to-CEO." The company boosted its offerings in Asia with its 2005 acquisition of South Korean jobs site JobKorea for $94 million.

Resources:
Monster Worldwide
Press Release
HRSmart
DDI

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