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Poll Shows More Dads Taking Advantage of Paternity Leave Benefits
68 Percent of Working Dads Polled Would Consider Being a
Stay-at-Home Parent If Money Were No Object
MAYNARD, Mass.--(BUSINESS WIRE)--June 11, 2007--Dads are
increasingly cognizant of balancing work demands with the
responsibilities of fatherhood, according to survey results released
today by Monster(R). More than half of working fathers (58 percent) in
the Monster Intelligence Father's Day Survey feel their employer
should be more considerate of the needs of working dads, thus
identifying an often-overlooked area of opportunity for employers to
attract the best talent. Monster is the leading global online careers
and recruitment resource and flagship brand of Monster Worldwide, Inc.
(NASDAQ: MNST).
"The Monster Intelligence Father's Day Survey reveals that
although working fathers deeply value work/life benefits, many feel
their employers aren't doing enough to promote a healthy balance,"
said Peter Castrichini, vice president of compensation, benefits, and
HR operations, Monster. "Given the current war for talent and looming
skills shortage, employers should recognize that offering benefits
such as flexible work arrangements and paid paternity leave is a key
tactic for recruiting and retaining talent. We've seen this first-hand
at Monster, especially with the newer generation of workers, so we've
adapted our work/life benefits to attract and retain these workers."
Paternity Leave and Flex Time
The Monster survey also revealed that working fathers are
increasingly embracing workplace benefits that until recently were
utilized only by mothers - 71 percent of dads with a child under five
took paternity leave when offered by their employers, compared with
just 48 percent of dads with a school-aged child. In addition,
approximately one-third of dads with toddlers reported that their
employer provided paternity leave benefits or flexible work schedules
for fathers; yet among working men whose employers offered paternity
leave, 58 percent took advantage of it, and 71 percent of men adopted
flexible work schedules when it was offered by their employers.
Furthermore, when searching for a job, 82 percent of working dads view
companies more positively if they offer a flex time benefit.
Additional Key Findings
- If money were no object, 68 percent of dads would consider
being a stay-at-home parent.
- The workplace benefit that fathers appreciate most is a
flexible work schedule (53 percent), followed by telecommuting
(24 percent), onsite child care (12 percent) and paid
paternity leave (10 percent).
- Almost half of working fathers (46 percent) never bring work
home during the week; 34 percent report one-two nights per
week, 12 percent report three-four nights and eight percent
report bringing projects home every night of the week.
- According to 78 percent of working father respondents,
bringing work home during the week affects a dad's
relationship with his child/children.
Father's Day Career Advice
For career advice specifically for fathers, visit Monster's
"Fathers' Balance" microsite:
http://content.monster.com/fathers-balance/Archive.aspx.
- Fathers' Quest for Balance: We love our kids. We love (or
maybe just need) our jobs. Balancing the responsibilities of
both is no small task.
- Putting Families First: Despite their desires to succeed in
their careers, many men are scaling back on work for the sake
of their families.
- The Perpetual Time Crunch: Work, wife, kids, house, school -
dads have a lot going on. Is there any way for a modern father
to find flexibility and do it all?
- What Dad Taught Me about Work: Whether through words of wisdom
or a simple example, many Monster members have learned work
lessons from their fathers.
Methodology
The Monster Intelligence Father's Day survey was an online study
conducted from May 30 - June 1, 2007 of 1,011 full-time job seekers,
including 330 working fathers and 473 working mothers. Monster
Intelligence is the careers and recruitment research initiative of
Monster.com.
About Monster Worldwide
Monster Worldwide, Inc. (NASDAQ: MNST), parent company of
Monster(R), the premier global online employment solution for more
than a decade, strives to bring people together to advance their
lives. With a local presence in key markets in North America, Europe,
and Asia, Monster works for everyone by connecting employers with
quality job seekers at all levels and by providing personalized career
advice to consumers globally. Through online media sites and services,
Monster delivers vast, highly targeted audiences to advertisers.
Monster Worldwide is a member of the S&P 500 Index and the NASDAQ 100.
To learn more about Monster's industry-leading products and services,
visit www.monster.com. More information about Monster Worldwide is
available at www.monsterworldwide.com.
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.
CONTACT: Monster Worldwide Corporate Communications
Rich Teplitsky, 212-351-7019
rich.teplitsky@monster.com
or
Weber Shandwick
Lauren McDonald, 617-520-7116
lmcdonald@webershandwick.com
SOURCE: Monster Worldwide, Inc.
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