Monster and AARP Introduce Collaborative Job Search and Career Content Sites

AARP Survey Reveals the Need for a Comprehensive Online Resource for Mature Workers

Source: AARP Press Center |  | October 12, 2005

Monster®, the leading global online careers and recruitment resource, and flagship brand of Monster Worldwide, Inc. (NASDAQ: MNST) and AARP, a nonprofit, nonpartisan membership organization that provides support services for people ages 50 and over, today announced that as part of their coordinated effort, AARP members now have direct access to Monster job search tools via a collaborative site (www.aarp.org/findajob). In addition, a new career content channel "Careers at 50+" (careersat50.monster.com) offers tips and advice specifically targeted toward the aging workforce.

"Today, nearly half of AARP's members are working full or part time—or are looking for work," said Bill Novelli, CEO of AARP. "We are dedicated to offering the right resources and information for older workers. This collaboration with Monster helps workers 50+ remain in the workforce as long as they want or need to continue working. It provides our members and other job seekers with tools and content to address their employment needs and concerns. This fits in well with our older worker initiatives—which include recognizing the best companies for hiring and retaining 50+ workers, linking with employers who want to hire experienced workers, and providing helpful advice for career seekers on the aarp.org/careers website."

Developed to meet the unique needs of the over 50 population, "Careers at 50+" addresses the most important job search aspects voiced by mature seekers. The collaborative online career channel, which links directly to the AARP homepage, also offers the ability to post resumes, a variety of shared resources, and advice from Linda Wiener, Monster's age issues expert whose articles include "Ageism at the Interview." Additionally, the website publishes monthly e-newsletters and features related message boards connecting employers and workers age 50 and over.

AARP recently commissioned third-party researcher ICR/International Communications Research to examine employment attitudes among mature workers. According to the survey findings, more than half of respondents age 45 and over use the Internet when looking for a job. It was also revealed that Monster is the most recognized career content site by this demographic. Additional survey results include:

• 93 percent of adults age 45 and over in the U.S. labor force currently work, and 19 percent of those workers are likely to look for a new job within the year.
• 60 percent of those surveyed utilize the Internet at least once a month for research, while 30 percent seek information on a daily basis.
• More than half of adults age 45 and older currently seek networking and interviewing advice and 48 percent desire resume tips.

"The survey reveals that the Internet is an integral resource for the aging workforce in need of professional information and advice," said Steve Pemberton, vice president, Diversity & Inclusion, Monster. "Monster is dedicated to supporting people at every stage of their career and we are pleased to collaborate with AARP to offer content specifically tailored to this growing demographic."

The Aging Workforce Employment Survey was conducted from August 15 – August 23, 2005 among a nationally representative sample of 1,036 adults age 45 and over who are employed or temporarily unemployed. All fieldwork was conducted by ICR/International Communications Research of Media, PA.

Monster is the leading global online careers and recruitment resource. A division of Monster Worldwide, Monster works for everyone by connecting quality job seekers at all levels with leading employers across all industries. Founded in 1994 and headquartered in Maynard, Mass., Monster has 25 local language and content sites in 23 countries worldwide. More information is available at www.monster.com or by calling 1-800-MONSTER. To learn more about Monster's industry-leading employer products and services, please visit recruiter.monster.com.

AARP is a nonprofit, nonpartisan membership organization that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. We produce AARP The Magazine, published bimonthly; AARP Bulletin, our monthly newspaper; AARP Segunda Juventud, our bimonthly magazine in Spanish and English; NRTA Live & Learn, our quarterly newsletter for 50+ educators; and our website, www.aarp.org. AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.

Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding Monster Worldwide, Inc.'s strategic direction, prospects and future results. Certain factors, including factors outside of Monster Worldwide's control, may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which Monster Worldwide operates, risks associated with acquisitions, competition, seasonality and the other risks discussed in Monster Worldwide's Form 10-K and other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.