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Monster.co.nz’s Results Show Business Confidence

Published: Mon 4 Dec 2000 02:14 PM
Monster.co.nz’s Results Support Findings Of Business Confidence Surveys
Monster.co.nz, the New Zealand gateway to the leading global online careers site Monster®.com—flagship brand of the Interactive division of TMP Worldwide (ASX: “TMP”), announced that it is on target to become the leader in the New Zealand online recruitment market.
Monster, unlike many dot-coms is continuing to reach budgeted growth targets, buoyed by TMP’s latest 3rd quarter results.
October growth for Monster.co.nz saw an increase of more than 10% in unique visitors from the previous month. Other improved October monthly results included:
 visitors spent an average of 32% more time browsing the site
 page impressions increased by 20%
 user sessions were up by 10%
Source: Red Sheriff (Red Measure) October 2000
TMP Worldwide, the parent company of Monster.co.nz, announced strong 3rd quarter financial results, prompted by the strong growth of Monster.com across the globe. Heading the impressive 3rd quarter results were TMP Interactive Fees and Commissions, which were US$117.4 million for the 3rd quarter, an increase of 192% on the previous year and a 27% increase on this year’s second quarter.
New Zealand Business Confidence
Monster.co.nz’s improved results provide evidence of findings outlined in the Morgan and Banks Job Index survey released this week, which reported the highest level of employer optimism since the report was first issued in 1997, with key growth areas in Computers and IT, Sales, Accounting and Finance, and Clerical and administration roles.
Monster.co.nz’s results also support the findings of the latest National Bank Business Confidence survey, which showed that Business Confidence reached its highest level in six months this week.
Internationally, Monster.com’s leadership of the on-line careers category and premier position with job seeking consumers further increased in the third quarter of 2000 across all key metric areas. Monster.com has the world’s largest resume database of over 6.3 million resumes. More than 15,000 resumes are added daily to Monster.com by users. Monster.com currently has over 475,000 international job listings; and according to I/PRO Monster.com had more than 19.3 million unique visits in October 2000.
Monster.com has also doubled the amount of resumes online since September in its Asia Pacific operations. There are now more than 120,000 resumes online for potential employers across New Zealand, Singapore, Hong Kong, and Australia, with the figure set to grow substantially in the near future.
“The third quarter financial results for TMP Worldwide, along with the impressive global and local statistics are more than encouraging for our position in the New Zealand online recruitment market,” Ms Libby Christie, Managing Director of Monster.com Asia Pacific said. “Monster.co.nz has strong global financial and intellectual backing which we intend to capitalise on in our bid to become the market leader in New Zealand.”
Meanwhile, the latest statistics regarding Internet usage and the employment industry in New Zealand also affirm Monster.co.nz’s strong growth plans for 2001.
Figures released last month by research analyst Strategic Research, show that New Zealand is leading the Asia-Pacific region in the uptake of IT in the workplace and is second only to the U.S.A in its uptake of the Internet per head of population. New Zealand, with an average of nearly 59 screens to 100 staff, leads the IT penetration stakes from Hong Kong (58.12) and Australia (50.87). It also leads in productivity, with each IT staff member supporting nearly 27 screens, followed by Singapore (25.5 screens) and Australia (24.5) screens.
“The current Internet climate and employer optimism all augurs well for the future of online recruitment in New Zealand, a future in which Monster.co.nz plans to play a leading role.” Ms Christie concluded.
…ends
About Monster.co.nz
Monster.com.nz is the New Zealand portal for the world's largest on-line career network. For candidates, Monster.co.nz offers visitors advice on all aspects of their career and working life as well as presenting opportunities with leading employers across all sectors around the world. The Monster.co.nz communities for the Arts and Entertainment, Campus, and Dot Com arenas offer specific advice for careers within those communities - whether candidates are looking to expand their horizons or enter a new market altogether.
About Monster.com
Monster.com, headquartered in Maynard, Mass., is the leading global careers Web site, recording over 19.3 million unique visits during the month of October 2000 according to independent research conducted by I/PRO. Monster.com connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster.com global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Germany, Spain and Ireland. Monster.com is the flagship brand of the Interactive Division of TMP Worldwide Inc. More information about Monster.com is available at www.monster.com
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., now with more than 8,750 employees in 30 countries, is the online recruitment leader, the world's largest recruitment advertising agency network, and one of the world's largest search and selection agencies. TMP Worldwide Inc., headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 480 of the Fortune 500 companies.

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