EmployIreland.ie Looks to Rebound in Tough Job Board Climate

Since the economy bottomed out and took scores of Irish jobs with it, purveyors of job boards have seen corporate customers curb or cut contracts at the same time they’ve dealt with an influx of résumé postings from the newly unemployed.

More companies also are adding job postings and career centers to their Web sites, or are using social networks such as Twitter, Facebook and LinkedIn for recruiting, which raises the possibility that they won’t go back to previous levels of job board spending once the recession ends.

The result: falling revenue and earnings, as evidenced by publicly traded job boards such as industry leader Monster Worldwide, which in the first half of 2009 lost $11.7 million on revenue of $477.4 million, a 34 percent drop from the same period last year.

Peter Zollman, executive editor of Classified Intelligence, a consulting group that tracks the classified advertising and job board industries, says that while the job board industry has struggled in 2009, some privately held firms may be better positioned to weather the recession.

One such firm…

The above article is actually from: http://www.workforce.com/section/06/feature/26/71/27/index_printer.html

The second part of the article is less interesting and less relevant for Europe and Ireland in particular. This is my attempt to finish it up:

One such firm is EmployIreland.ie.

EmployIreland.ie is the only job site in Ireland that hasn’t been letting go it’s staff during the recession.

Irish Jobs lost their largest client – CPL. Jobs.ie is selling traffic left right and center. They even implemented Pop Under windows, and that’s surelly the worst marketing practice. RecruitIReland even went free for a the best part of the year to get jobs on their site. Loadza made all kind of experiments like Online Jobs Fair that did not stop clients leaving.

The traffic job boards in Ireland are attracting fell drastically, as well as their revenues in 2009. Most of the jobs sites are actually using Google AdWords PPC to drive traffic, since there is simply not enough ‘organic’ – natural traffic from the search engines.

The fact that the revenues of the Irish job boards will not bounce back up is something all of them are trying to hide. Or they simply live in denial.

Social networks is where the recruitment is turning to and massive job boards will slowly be losing their revenues. Going forward it will not be so rapid as it was in the 2009, but there is less and less advertising revenue available for jobs advertising in the years to come.

Even new jobs sites are not popping up as quick as they did up until just a few months ago.

EmployIreland.ie is in the unique position to thrive in the current market. It is agile enough to change with the times. EmployIreland.ie is in its core a technology company Portal.ie. The experiments with the recruitment social networks lead to a number of BETA releases like JobsMarket.ie and JobsBoard.ie, and a few international ones.

By running the only Irish real time job posting system eRecruit.ie, the company is in the unique position to….

I am kind of out of inspiration any more. Just remembered the title of the Recruitment Conference yesterday: The Future of Recruitment … Job boards are less and less part of that future. EmployIreland.ie will lead the way by innovation, and embracing the new ways of doing business in recruitment industry!

Monster is hiring, Monster is firing,.. Monster is WHAT?

Just read a press release on Monster web site. It starts extremely positive with Monster is hiring 80 new staff!. Later on it actually reads that that same monster is making 160 people redundant. Makes you wonder, if that is a positive news or …?

What is obvious is that Monster is realising that they are completely uncompetitive in the current market. So a shift in skills of their staff is essential to bring them to the stage when they will have something interesting to offer to Employers again.

Here is the Monster press release, with new jobs, job cuts,.. or however you want to take it:

Monster to Open New Technology Center of Excellence & Innovation in Cambridge; Makes Organizational Changes in Line with Innovation Strategy; Now Recruiting for 80 New Positions
MAYNARD, Mass., Jul 08, 2009 (BUSINESS WIRE) — Monster Worldwide, Inc. (NYSE:MWW) today announced publicly plans for a new Technology Center of Excellence & Innovation to be located in Cambridge, Massachusetts, along with certain organizational changes designed to enable the company to shift or add talent and skills to support the company’s innovation strategy. The Cambridge center is the latest addition to Monster’s global innovation and development sites in Maynard, Massachusetts; Mountain View, California; Prague, Czech Republic; Kuala Lumpur, Malaysia; and New Delhi, India. The company is now actively recruiting for approximately 80 new technical positions to be located in the Cambridge center, with potential capacity for adding a total of 170 new positions at this center.
The announced organizational changes include the elimination of approximately 160 positions within the product and technology group globally, with approximately 50 Maynard-based positions being affected. Monster also announced the creation of a new leadership position focused on long-term strategic planning and customer engagement, and the consolidation of the employer and seeker product development teams, plus several related promotions.

“Over the past two years we have successfully re-launched our employer and seeker sites on a global basis and we have made substantial progress on the consolidation of our various operating platforms which has resulted in a need for different skills and expertise as we pursue our next generation of product and search technologies,” said Sal Iannuzzi, Monster Worldwide CEO. “We believe that our new technology center will provide the physical and personnel resources to help us successfully execute on our strategic investments. We are making what we believe are the right moves to create the new products and services our customers need.”

“Cambridge is a logical location for us to grow, with its world class talent and leading edge research and development infrastructure,” said Darko Dejanovic, executive vice president, global CIO and head of product at Monster. “Our Cambridge center complements our existing innovation investments, and we expect additional game-changing product offerings to emerge from this group in collaboration with our global technology team.”

The Technology Center of Excellence & Innovation is located in the Kendall Square area of Cambridge, with occupancy currently expected to begin as new hires join the company. For more information on job opportunities at Monster, visit http://www.monsterhires.com.

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster, the premier global online employment solution for more than a decade, strives to inspire people to improve their lives. With a local presence in key markets in North America, Europe, and Asia, Monster works for everyone by connecting employers with quality job seekers at all levels and by providing personalized career advice to consumers globally. Through online media sites and services, Monster delivers vast, highly targeted audiences to advertisers. Monster Worldwide is a member of the S&P 500 index. To learn more about Monster’s industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at http://about-monster.com.

SOURCE: Monster Worldwide, Inc.

Monster Worldwide, Inc.
Janet Swaysland, 978-429-5918
Janet.swaysland@monster.com
Twitter @jsways
or
Kathy O’Reilly, 978-823-2002
Kathy.oreilly@monster.com
Twitter @kathyoreilly