Monster Launches Research Initiative to Help Companies with Strategic HR Planning

Monster, the global online careers property and flagship brand of Monster Worldwide, Inc, today announced the formal launch of Monster Intelligence, an initiative designed to deliver market analysis, research and actionable solutions regarding human capital issues. The initiative was developed in response to customers’ needs for industry data and real-time insight to aid in their strategic human resource planning. Monster Intelligence will serve as the platform from which all of Monster’s research and intellectual capital originates.

The Monster Intelligence program encompasses existing data and analysis such as the widely recognized Monster Employment Index, as well as new research reports, studies and articles that identify labor market and recruiting trends from both the job seeker and employer perspectives.

Available at http://intelligence.monster.com, Monster Intelligence provides customized information on individual industry sectors, such as finance, healthcare and retail, to support specific recruiting needs, as well as addresses broader issues such as retention and knowledge management. Companies benefit from access to detailed and relevant data and research for their recruiting and retention efforts.

In today’s tightening labor market, it is becoming increasingly critical for employers to fully understand the short- and long-term impact of various industry market trends, said Jesse Harriott, Ph.D., vice president of research at Monster. Monster Intelligence exemplifies how the company provides our clients with a competitive edge, giving employers unique tools and resources to make the best hiring decisions. Monster Intelligence offers HR executives an opportunity to identify and understand the issues affecting their workforce and industry, as well as actionable strategies to address them today and in preparation for the future.

Monster has recently seen increasing demand for this type of information from a variety of organizations, particularly from small and midsize businesses, who often do not have the resources to conduct this type of research.

We built a national recruiting business in Information Technology and were looking at diversifying into competitive verticals, said Jeff Gore, vice president of operations for Stride & Associates. The level of data and research provided by Monster was extremely valuable in helping us validate our opinions on the strongest and most robust verticals to enter. As the labor market continues to improve, research such as this provides us with a leading edge against competitors in positioning our businesses.

Monster Intelligence content is presented in the following categories:

Labor Trends and Information
Monster closely monitors U.S. labor trends in an effort to provide its customers with direct access to a range of employment and recruitment-specific information including the Monster Employment Index and relevant Department of Labor reports. Additionally, Monster recently created the Monster Job Creation Data Series, a monthly tracking of job creation ratios for various regions and occupations gathered from the Bureau of Labor Statistics and Monster’s tracking of replacement job postings. Knowing the frequency of employer-employee separations - or the turnover rate - can be illustrative of labor market mobility as well as issues related to retention and job satisfaction. The Job Creation Data Series complements the Monster Employment Index by presenting additional data indicative of labor market trends.

Key HR Issues
Monster Intelligence conducts independent research in an effort to provide in-depth analysis of today’s hiring challenges and recommended solutions. A one-stop shop for recruiters and HR executives, the Key HR Issues section features original studies, best practices editorials and thought leadership pieces spanning a range of recruitment issues and topics.

For example, market data shows that over the next 50 years (2000 - 2050) American businesses are expected to face a significant decrease in workforce growth, according to the Bureau of Labor Statistics. A recent Monster Intelligence study revealed that retention is a growing concern for employers and provided solutions aimed at helping them prepare for, and prevent, a significant human capital shortage.

The Monster Intelligence research program underscores the need for solid research to inform employers on talent acquisition and retention activities as they seek job candidates with staying power, said David Foster, Senior Analyst, Human Capital Management Practice, Aberdeen Group, Inc. In our recent study of employee retention, 61% of all end-user respondents rated better alignment between job goals and company goals as their top strategic action. Another 59% desired better screening at hiring. Companies are seeking real-time, solutions-based research that will help them make smart decisions as they seek to target top candidates and retain star talent.

A forthcoming Monster Intelligence research study slated for release next month will focus on worker loyalty from the employee’s perspective in an effort to offer employers insight on how to inspire and manage loyal worker relationships.

Training
Monster recognizes the importance of giving customers the tools and support options to properly utilize the many products it offers. To keep customers informed and educated, Monster has compiled an extensive customer training program ranging from online tutorials to live Webinars. In addition, the company offers extensive onsite training programs including its Power Recruiter Workshop, an annual tour designed to reach all regions of the country.

The Monster Intelligence site is complimentary, but more detailed reports and data are available to Monster customers. In addition, customers are encouraged to inquire about specific research needs by contacting Monster via e-mail at Intelligence@monster.com.