Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster, the
leading global online careers property. We also own TMP Worldwide, the world's
largest Yellow Pages advertising agency and one of the world's largest recruitment
advertising agencies. Our more than 495,000 clients include, on a non-exclusive
basis, approximately 90 of the Fortune 100 and approximately 490 of the Fortune
500 companies.
We operate under three business segments: Monster, Advertising & Communications,
and Directional Marketing,
We maintain separate sales and marketing staffs for our Monster, Advertising
& Communications and Directional Marketing businesses. The sales force for
our Monster business consists of Telesales staff and a Field sales staff, some
of which are further divided up into specialty groups to serve our vertical
markets such as such as hourly and skilled, government, healthcare and staffing.
Our Telesales staff is primarily responsible for telemarketing and customer
service for small to medium sized clients and is located in our call centers
in Indianapolis, Indiana and Maynard, Massachusetts. Our Field sales staff focuses
on both local and national clients and is dispersed throughout our offices nationwide.
Our sales, marketing and customer service staffs are broadly divided into two
groups: (1) new business generation and (2) existing client relationship maintenance
and improvement. In addition to specializing by product, each group is both
accountable and compensated for cross-selling our other products within our
existing client base. Each product sales force also designs targeted selling
campaigns for potential new clients. We also use broad based media, such as
broadcast television, the Internet, radio, business publications and trade publications
to promote the Monster and Monster Worldwide brands.
Clients
We have over 495,000 clients. Our clients include, on a non-exclusive basis,
approximately 90 of the Fortune 100 companies and approximately 490 of the Fortune
500 companies. Our clients also include small and medium-sized organizations,
enterprises, government agencies and educational institutions.
Competition
The markets for our services and products are highly competitive and are characterized
by pressure to reduce prices, incorporate new capabilities and technologies,
and accelerate job completion schedules. We face competition from a number of
sources. These sources include media companies (primarily newspaper publishers),
other job-related websites, Internet portals, national and regional advertising
agencies and marketing communication firms. Many advertising agencies, media
companies and newspaper publishers have internally developed or acquired new
media capabilities such as online recruitment websites. New boutique businesses
that provide integrated or specialized services (such as advertising services
or website design) and are technologically proficient, especially in the new
media arena, are also competing with us. Many of our competitors or potential
competitors have long operating histories, and some have greater financial,
management, technological, development, sales, marketing and other resources
than we do. In addition, our ability to maintain our existing clients and generate
new clients depends to a significant degree on the quality of our services,
pricing and our reputation among our clients and potential clients.
