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In April 2004 Monster created the Monster Employment Index, which provides a monthly analysis of online recruitment activity throughout the United States.
In 1994, Jeff Taylor founded The Monster Board, an online jobs site later known as Monster.com. In August 2005, Taylor left Monster to start a new venture. In 2006, Taylor launched a website called Eons.com, a social networking website for people over age of 50. In 2016, the company had a revenue of 144.8 millions USD. Monster is a career management company. The goal of the firm is to find the right person for the job. The company currently has operations located in 40 different countries around the globe.
This can only be achieved through a firm with extensive knowledge, experience, and innovative strategies. To determine the strengths of the company potential, weaknesses, opportunities, and threats, it is necessary to conduct a SWOT analysis by Monster.com.
Monster.com At A Glance – Monster.com SWOT Analysis
Company: Randstad Holdings
Founders: Jeff Taylor
Year of establishment: 1994
CEO: Scott Gutz
Headquarters: Weston, Massachusetts, United States
Employees (Dec 2020): 5,234
Ticker Symbol: MWW
Type: Public
Annual Revenue (Dec 2020): US$1.4 Billion
Profit net income (Dec 2020): US$324.8 Million
Products & Services: Providing some of the broadest | Most sophisticated job seeking | Career management | Recruitment and talent management capabilities
Company Website: www.monster.com
Top Monster.com Competitors
Competitors: ZipRecruiter | Indeed Hiring Platform | Dice | Glassdoor | LinkedIn Job Search | CareerBuilder Job Board | Hired | JobStreet | Snagajob (Snag) | Indeed.com | JazzHR | Broadbean | Handshake | Breezy HR | Naukri .com | Timejobs.com
Monster.com SWOT Analysis – SWOT Analysis Of Monster.com
SWOT Analysis Of Monster.com analyzes the brand based on its strengths weak points, weaknesses, opportunities, and threats. With Monster.com SWOT Analysis it is clear that the advantages and disadvantages are internal factors, while threats and opportunities are external elements. Here we are going to talk about Monster.com SWOT Analysis. Below Is The Detailed SWOT Analysis Of Monster.com.
Monster.com Strengths – Monster.com SWOT Analysis
1. The first mover advantage: Monster.com was also the first commercial website to be created. It was almost the first website to offer jobs online. And it did so before any other competitor.
2. The ability to match the right people with the right jobs: The main selling point of the online job portal was its ability to match from its vast information repository, the right people for the job.
3. Vision Jeff envisioned: Monster as a place where both employers and employees could trust to maintain their skills, history, or improve them, even if they weren’t looking for a new job.
4. Vast Information Source: Monster was a vast repository of information resources that eliminated the need for companies to spend time searching the market for resources to match their job vacancies.
5. A global network of offices: Monster.com is a pioneer in the field. It has offices in over 40 countries. This concept removed the barriers to recruitment and selection, which resulted in more opportunities for job-seekers and potential employers.
Monster.com Weaknesses – Monster.com SWOT Analysis
1. No clear distinguishing factor: Although Monster.com was an innovator in online recruitment, they didn’t do much to establish a distinct identity for their brand.
2. Unclarified pricing strategy: Monster didn’t have a clear pricing strategy, which confused job seekers as well as job providers. They later added a low-cost performance pay component to their duration pricing plan, which proved disastrous in the end.
3. From a leader to a follower: Although Monster.com was the first company to offer this type of business model, it seems that they have lost their spirit of innovation.
Monster.com Opportunities – Monster.com SWOT Analysis
1. Opportunities for penetration in emerging countries: There are many job opportunities in emerging markets like India and China. Monster might be able to take advantage of the huge opportunities in these markets if it partners with one of these portals.
2. Trends changing: Monster.com offers many opportunities.
Monster.com Threats – Monster.com SWOT Analysis
1. Competition: The growing competition in online job markets has led to a lot of competition of Monster.com. These Naukri .com and timejobs.com are sex rivals.com.
2. The general downturn of the job market: There is a general downswing today in the job marketplace and many companies are trying out to eliminate their jobs. In most countries, and in all sectors, the number of vacant positions is decreasing.
Monster.com SWOT Analysis Overview Template
This is the SWOT report that Monster.com has done. Please let us know if you have additional suggestions to add.
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