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Monster Power Resume Search Your Insider Secret Weapon Dan DeMaioNewton December 2009.

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Presentation on theme: "Monster Power Resume Search Your Insider Secret Weapon Dan DeMaioNewton December 2009."— Presentation transcript:

1 Monster Power Resume Search Your Insider Secret Weapon Dan DeMaioNewton December 2009

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4 Agenda Workforce Landscape Overview Monster’s PowerSearch for Job Seekers Monster’s PowerSearch for Recruiters Open Forum

5 The Latest from the Employment Front

6 The National Economy is Stabilizing.

7 Overall Job Demand in Boston is Still Under Water.

8 Overall Job Demand in New England has been Fairly Flat Over the Past 4 Months, but is Still Greater than It Was in 2003!

9 12 of Top 28 Top Metro Markets Showed an Increase in Job Seeker Demand in November 2009. New England Has 4 of the Top 10 States for Talent Demand.

10 Planning and Developing Good Habits

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12 Welcome to the Future of Job Matching…

13 Moving from Keywords to Concepts 13 KEYWORD: n. a word that serves as a key, as to the meaning of another word, sentence, or passage. Is too literal and limiting Gives all words equal weighting Requires tweaking and tuning (“Director of Corporate Finance” OR “Dir. of Finance” OR “Director, Finance”) AND ((“GAAP” OR “SOX” OR “Tax Audit” OR “Revenue Recognition” OR “SOX 302” OR “SOX 404” OR “Financial Audit” or “Audit” “or “Financial Disclosure”) NEAR (“to present” OR “current”)) AND NOT (“White” OR “White Sox”) CONCEPT: n. a general notion or idea. Captures the ideas behind words Enables users to perform broad searches without having to enter numerous variations of a keyword Eliminates the need for complex Boolean logic Director of Finance

14 Understanding the Meaning of Words Understands job title concepts, skill concepts, education concepts, etc. Understands the hierarchy of concepts Intelligently handles misspellings, acronyms, punctuation, and more 14 Accounting GAAPSOXFASB SOX 404 SOX 302 Financial Audit Revenue Recognition VSOE Financial Disclosure Fraud Investigation Skills

15 Understanding the Importance of Context 15 CONTEXT: n. 1. parts that precede or follow a word or passage that can influence its meaning or effect. 2. circumstances or facts that surround a particular event or situation. KEYWORDS: Do not distinguish between recent and dated experience. Do not identify the length of time using a skill or holding a job. Do not recognize the difference between: UC Berkeley Berkeley Farms 123 Berkeley Avenue George Berkeley

16 Understanding Relevancy and Recency Understands the context of an uploaded resume. Considers length of time using a skill, how recent the experience is, total years of experience, tenure in a job. Differentiates between company names, skills, address, schools, certifications, and more. Scores and ranks based on overall match. How Recently UsedHow Long Used

17 Power Resume Search Offers: 17 Delivers unrivaled search results Facilitates better hiring decisions Boosts productivity Promotes ease of use Brings effortless flexibility Maintains seamless integration Identification of relevant skills and titles Understanding of depth, breadth, and recency of experience Recognition of rare vs. common skills Balancing of required vs. nice-to-have At-a-glance overview of qualifications Side-by-side candidate comparisons Automatic resume scoring and ranking Easy search modification Integrated candidate management and communication tools

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25 Next Steps 25 1.Go to www.Monster.com and Try PowerSearch.www.Monster.com 2.Post your comments on BetterJobsFaster (www.betterjobsfaster.org)

26 Monster Power Resume Search TM for Recruiters

27 Imagine If You Could… Recognize candidate’s breadth and depth of experience? Identify job hoppers from long-tenured employees? Distinguish “must have” vs. “nice to have” skills? Assess context of experience (i.e. 3 months vs. 10 yrs)? Score a candidate based on recent vs. outdated skills? Automatically identify related skills? Understand the latest industry acronyms? …At lightning speed?

28 Introducing Monster Power Resume Search TM

29 Pinpoint Specific Candidate Qualifications

30 The Power Resume Search Difference Understanding concepts Searches on the meaning of words Understands job titles, skills, industries, education etc. Understands the hierarchy of concepts Intelligently handles abbreviations, acronyms Understanding context Knows the difference between: > UC Berkeley > Berkeley Farms > 123 Berkeley Avenue > George Berkeley Understands difference between recent/dated experience Evaluates the length of time using a skill or holding a job

31 Stop Looking and Start Finding Your Next Hire

32 Saving You Time and Effort Results are scored and ranked Matching skills are noted with green dots Depth of experience is cited Current position is noted

33 Helping You Make Informed Decisions

34 Leading the Digital Recruitment Industry 34 Capability Monster’s Power Resume Search Career Builder’s Resume Search Yahoo!’s Resume Search Automatically searches for related conceptsYES X Understands the context of your search (ex: Oracle the database vs. Oracle the company) YESXX Ranks candidates by relevant experienceYESXX Prioritizes candidates with more recent experienceYESXX De-emphasizes “laundry-list” of keywordsYESXX Provides hover-over view of why candidate matchedYESXX Summarizes qualifications at-a-glanceYES X Displays side-by-side comparisonsYESXX Allows one-click search refinementsYESX Integrates with candidate management toolsYES

35 Customer Benefits Monster Study Results Source: Data collected from 48 recruiters, managers and executives from 15 enterprise customers nationwide after hands-on testing of PRS vs. various Keyword Searches 35 Time saved using PRS vs other keyword based searches Increase in the number of qualified candidates found Recruiters who preferred using PRS over other keyword based searches Recruiters who believe PRS found qualified candidates faster 65% 150% 90% 97%

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51 Discussion


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