SOURCE: eQuest

eQuest

June 15, 2010 06:00 ET

eQuest Reports Rise in Corporate Spending on Internet Job Advertising and Increased Job Posting Volumes

SAN RAMON, CA--(Marketwire - June 15, 2010) -  eQuest, the leading international job distributor for the Fortune 500 and the majority of the world's Applicant Tracking Systems, CRMs and ERPs, today reported a dramatic rise in both job posting delivery volumes and corporate spending for online recruitment advertising. An analysis of 100 eQuest Media customers during the first 5 months of 2010 showed a ninety-one percent (91%) increase in online recruitment spending versus the same time period a year ago.

Job posting deliveries also increased by seventy-six percent (76%) for the same time frame. The 15% difference in eQuest's media and posting growth is due to corporations purchasing advertising in advance. Over a 12-month period posting deliveries are projected to meet the percentage increase in media growth.

Monster.com®, the leading job matching engine and flagship brand of Monster Worldwide, Inc. (NYSE: MWW), released data last week that also reinforces a more optimistic outlook on hiring. The Monster Employment Index (MEI) which tracks changes in online job availability over time rose slightly in May from the previous month but was up 16 points year over year from May 2009. The index for May marks the highest year-over-year growth rate since its peak in April 2007.

"With a strengthening in the annual growth rate, which is now at its strongest since April 2007, we are beginning to see a relatively positive trend emerge in the underlying demand for labor. Although levels still remain below the 2007 period, they have vastly improved from conditions we witnessed at this time last year," said Jesse Harriott, senior vice president and chief knowledge officer at Monster Worldwide. 

About eQuest

eQuest provides international job posting delivery, job board management and analytics services. Thousands of job boards are supported in the eQuest network, reaching over 180 countries and territories worldwide. eQuest provides the most complete candidate sourcing and tracking analysis for evaluating job board performance. eQuest is one of the most recognized and admired brands in the human resource industry. eQuest can be reached at www.equest.com.

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster®, 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. To learn more about Monster's industry-leading products and services, visit www.monster.com. More information about Monster Worldwide is available at http://about-monster.com/.

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