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Monster and AARP Announce Alliance to Help 50+ Workers
Collaboration Will Provide Comprehensive Career Channel for Workers Ages 50 and Over / News Release
May 23, 2005
Monster(R), the leading global online careers site 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 a strategic online recruiting alliance. Under the agreement, Monster will serve as the exclusive online job search provider for AARP and will help connect mature job seekers with jobs in their local region, as well as provide career resources specific to them.
According to the Bureau of Labor Statistics, the number of workers ages 50 and over is projected to increase by 34% from 2003 to 2012, a net increase of 12.5 million workers. During the same time period, the number of workers ages 16 - 49 will increase by only 3%, a net increase of only 2.7 million workers. Monster and AARP realize the importance and resulting impact of this workforce shift and will work together to help employers navigate the looming labor shortage.
The jointly developed recruitment solution will include a variety of collaborative efforts, including a dedicated "50+ Worker Career Channel" and monthly e-newsletters to employers and 50+ job seekers. Monster will be featured on the AARP.org/Careers Website. The AARP website will provide a link to the Monster website, which will offer an online job search function and opportunities to post resumes. Through the development of shared content, visitors of the AARP and Monster homepages will be able to research pertinent career information and search through thousands of job opportunities.
"Monster's employer relationships and career expertise combined with AARP's knowledge of the 50+ population will be instrumental in addressing the employment needs of mature workers," said Steve Pogorzelski, President of Monster, North America. "In 2012, workers between the ages of 25 and 54 years will constitute just 66 percent of the labor force, according to the Bureau of Labor Statistics. The older workforce will be pivotal to the health and success of American businesses and how they respond to the impending skills shortage."
"Our new relationship with Monster will not only help AARP members who want to continue working or who are trying to get back into the job market, it will also help employers better understand and appreciate the value of older workers," said Bill Novelli, CEO of AARP. "By linking with the leading online careers service, we are providing our members with access to employment opportunities from the largest multi-national corporation to the smallest mom-and-pop store anywhere in the country. Our goal is to be a catalyst for change in advocating for mature workers. Linking with Monster takes us to a whole new level in achieving that goal."
About Monster
Monster is the leading global online careers property. A division of Monster Worldwide (NASDAQ: MNST), 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 http://www.monster.com/ or by calling 1-800-MONSTER. To learn more about Monster's industry-leading employer products and services, please visit http://recruiter.monster.com.
About AARP
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.