Business Services Industry
The Monster Meter Says: Respondents Don't Feel Job Security Exists; Even with the Slowing Economy, Monster Users Not Willing to Give Up Benefits for Job Security
Business Wire, March 26, 2001
Business/Technology Editors
MAYNARD, Mass.--(BUSINESS WIRE)--March 26, 2001
There is no hotter topic in the business world today than the current state of the economy. Even with the slowing economy, 64 percent of Monster.com users will not give up benefits for "guaranteed" job security, according to the recent Monster Meter, Monster.com's ongoing series of online polls that gauge users' opinions on a variety of topics relating to careers, the economy, and the workplace. Monster.com is the leading global online careers site and flagship brand of TMP Worldwide Inc. (NASDAQ: TMPW).
The Monster Meter asked "Which of these would you be most willing to accept if your next employer could guarantee no layoffs for two years? A total of 16,816 votes were cast - revealing:
--64% (10,767 votes) said "None of the above; there are no guarantees"
--27% (4621 votes) said "No stock options"
--5% (827 votes) said "10% Less pay"
--3% (601 votes) said "Fewer benefits"
"These results show how savvy today's typical worker has become," said Peter Vogt, president of Minneapolis-based Career Planning Resources and Monster.com's campus community expert. "Most of the people polled obviously understand the broader issue here -- that no employer can truly guarantee a job, or anything else for that matter, in today's world of work. So the smart strategy is to assume that 'job security' is a hazy concept at best, and to manage your career with that in mind, using all of the tools and information you can get your hands on."
Anyone interested in voting in Monster.com's current online poll may do so by logging onto Monster.com at www.monster.com. Users may review the results of past polls as well by going to http://midcareer.monster.com/polls/.
> About Monster.comMonster.com, headquartered in Maynard, Mass., is the leading global careers website, recording over 23.6 million unique visits during the month of February 2001 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, Ireland, Spain, Luxembourg and India. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., with more than 9,500 employees in 32 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and Executive Selection agencies. TMP Worldwide, 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. More information about TMP Worldwide is available at www.tmp.com.
Special Note: The above statements include forward-looking statements based on current management expectations. Factors that could cause future results to differ from these expectations include the following: risks associated with acquisitions, competition and seasonally. Additional factors are described in the company's reports filed with the Securities and Exchange Commission.
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