Monster Says Hiring Pace Slowing Globally
by John Zappe 尽管欧洲股票市场情况有所缓解，然而Monster公司的股票市场却仍然不容乐观，一开盘就面临着猛跌的局势，而据Monster的首席执行官Sal Iannuzzi称全球经济的宏观不确定性最终导致雇主们决定采取行动缩减开支，该公司第一次感受到了这种趋势是在电子商务和简历采购工作方面,之后，在九月份很多顾客纷纷终止了他们的合作合同，而这也预示着未来全球招聘进程将有所减缓。
The stock markets rallied today on news of a European bailout deal, but Monster didn t make the party. The company s shares got no lift from the overall market even though earnings are up, because the employment picture in the months ahead is murky. Murky enough that in releasing its third-quarter financials this morning, company officials estimated earnings for the current fourth quarter would be less than what analysts are expecting. Monster s share price opened at $9.25, then dropped sharply as the market digested the news that bookings (contracts for searching and job posting) weren t likely to increase much in this last quarter and revenue for the year would be significantly less than the company projected in July. The stock recovered some, closing at $8.83, behind Wednesday s $8.91 close. For the third quarter, Monster had revenue of $259 million, an increase of
20 percent over the same quarter in 2010. (The percentage is based on adjusted 2010 numbers, which were reduced to account for advertising business Monster voluntarily gave up. On an unadjusted basis, revenue grew by 13.2 percent). The company earned
13 cents a share (adjusted), or 1 cent more than Wall Street was expecting. Last year, after adjustments, Monster reported earning 2 cents a share. (Public companies report their revenue and expenses two ways. The GAAP method includes expenses and income that for analysis purposes are one-time costs or are accounting issues that can distort a company s actual operating performance. The non-GAAP report omits those items. Monster s official or GAAP method report shows it earned
26 cents a share in the 3rd quarter and lost 5 cents a year ago.) However, revenue for the quarter was less than what analysts estimated by about $5 million. Monster s Chairman and CEO Sal Iannuzzi blamed the macro uncertainties of the global economy for finally prompting employers to begin pulling back last month. The company first felt the effects in the e-commerce placement of job postings and resume purchasing, and then late in September started seeing customers cut back on their contracts. Now, says Iannuzzi, the hiring pullback seems to be a trend, or at least enough of a concern that it is prudent to lower the estimates for both bookings and revenue growth. Earlier Monster estimates were based on national and global opinion of strong economic growth. That s no longer the case. Right now, said Iannuzzi, there is increasing uncertainty and fear that we may experience another recession. For that reason Monster cut back on its revenue and bookings estimates. We believe it is prudent to manage our business on the assumption that economic conditions will not improve, he said. However, Iannuzzi said the situation is different from what it was three years ago. Instead of layoffs and other draconian measures, companies are slowing up on hiring. CareerBuilder, which is not a public company and volunteers only some financial information, said its North American revenue grew
13 percent in the 3rd quarter to $161 million. Monster s North American revenue was $123,2 million, a
15 percent improvement over 2010. Although it doesn t provide its international numbers, Gannett CFO Paul Saleh said CareerBuilder s international business grew in the low 40 percent. Gannett, the largest newspaper company in the U.S., is the majority owner of CareerBuilder. Some of CareerBuilder s performance is covered during Gannett s quarterly financial report. During the company s conference call with financial analysts, CareerBuilder s international opportunities were cited by Gannett CEO Gracia Martore, who said, We ve improved the results as we ve been in many of the markets that we are in internationally year-over-year. And so we see that as a great opportunity to continue to expand upon our international offerings there. And as Paul mentioned, we saw a terrific revenue growth overseas, albeit from a small base, but that s a real area of opportunity for us going forward. The other two leading public careers advertising sites will report next week. Dice Holdings reports November 2, LinkedIn reports November 3. 管理新知 您可能感兴趣的文章 Are you drafting an “All Star Team” for your organization? 2012-07-23 Have you ever used one of these excuses to justify upsetting people at work? 2011-08-11 从 70 后的角度分析：80 后领导和 90 后员工之间的管理矛盾 2016-02-24 最近文章 TEST 2018年01月15日 嫖娼被抓不属无故旷工，公司解雇赔4万！（法院判决） 2018年01月15日 如何判断你是否具有HRBP胜任力？
2018年01月15日 阿里为什么不去清华招人？
2018年01月15日 因利益冲突，Facebook COO和Twitter CEO退出迪士尼董事会 2018年01月15日 热门文章 嫖娼被抓不属无故旷工，公司解雇赔4万！（法院判决） 2018年01月15日 如何判断你是否具有HRBP胜任力？
2018年01月15日 阿里为什么不去清华招人？
2018年01月15日 2017年度职场出差行程调查，出差最多的居然是他们！！
2018年01月12日 员工在自己QQ空间评论HR经理吃屎，可辞退他吗？
2018年01月11日 扫一扫 加微信【已隐去】 关于沙龙 顾问委员 广告推广 隐私安全 联系我们 申请vip会员 支付方式 市场合作或广告投放 电话：【电话已隐去】 邮件：【邮箱已隐去】 在线QQ【已隐去】 VIP会员 企业VIP会员 机构VIP会员 广告刊例 商务合作 Follow HRSalon