MAYNARD, Mass.--(BUSINESS WIRE)--Jan. 11, 2006--Monster(R), the
leading global online careers and recruitment resource and flagship
brand of Monster Worldwide, Inc. (NASDAQ: MNST), today announced it is
prepared to help employers comply with the new rule published by the
Department of Labor's Office of Federal Contract Compliance Programs
("OFCCP") that is scheduled to take effect Monday, February 6, 2006.
To help employers prepare for these changes, this week Monster began
offering its customers free training and educational materials about
the rule and the product enhancements the company has made to help
those affected comply.
The OFCCP rule defines an "Internet Applicant" and provides for
recordkeeping requirements concerning the Internet and related
technologies, including resume database searching. The rule impacts
U.S. federal government contractors and sub-contractors covered under
executive order 11246. Conservative estimates show that some 20,000
businesses representing 27 million employees are affected by this
rule.
"As the industry leader, Monster has been closely monitoring these
regulations since the proposed rule was published in March 2004. We
have consulted with industry experts, legal advisors and the OFCCP to
design a system that will make it easier for federal contractors to
comply with the final rule," said Doug Klinger, President of Monster,
North America. "We are confident our product enhancements will not
only assist affected employers, but augment the overall recruitment
and hiring process."
Monster has integrated OFCCP-related features into its Job Posting
and Resume Search tools available to federal contractors. These
features will allow employers to specify OFCCP-related information
(such as data management techniques and basic qualifications), to
collect and maintain Equal Employment Opportunity (EEO) data, and to
track a history of job posting and resume search information that is
required under the new rule.
Employers can learn more or opt-in to Monster's OFCCP product
functionality by visiting http://info.monster.com/ofccp or call
1-800-MONSTER. The OFCCP final rule is available at:
http://www.dol.gov/esa/regs/fedreg/final/2005020176.htm.
About Monster Worldwide
Founded in 1967, Monster Worldwide, Inc. is the parent company of
Monster(R), the leading global online careers and recruitment
resource. The company also owns TMP Worldwide, one of the world's
largest Recruitment Advertising agency networks. Headquartered in New
York with approximately 4,800 employees in 26 countries, Monster
Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index and the
NASDAQ-100 Index. More information about Monster Worldwide is
available at www.monsterworldwide.com.
Monster(R) is the leading global online careers and recruitment
resource. A division of Monster Worldwide, Monster was founded in 1994
and is headquartered in Maynard, Massachusetts, USA. Monster has 26
local language and content sites in 24 countries worldwide. Monster is
known for connecting quality job seekers at all levels with leading
employers across all industries and offers employers innovative
technology and superior services that give them more control over the
recruiting process. More information is available at 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.
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.
CONTACT: Monster
Danielle Perry, 978-461-8366
Danielle.Perry@Monster.com
or
Weber Shandwick Worldwide
Andy Rohr, 617-520-7030
ARohr@WeberShandwick.com
SOURCE: Monster