Chatter: Monster, JobBurner, and RecruiterLand Fun

Monster Sales Reps Fleeing…

Monster VP Sue Hayden, a former Oracle Direct vice president, allegedly announced a 70% to 100% increase in sales quotas this year, and as a result, sales reps are fleeing fast.

On Yahoo!’s message boards, one of the 20 sales reps at Monster who allegedly gave notice last week wrote that Hayden “openly admitted as an officer of the board that sales quota was doubled.”

The sales rep, identified on the message board as Jenmonstersale, added, “It is unheard of to be in an organization where when you hit your goal, the goal is increased 100% the last day of the month when the whole sales team is overachieving.”

Yahoo!’s Matt Martone extended an open invite to interview with his company, writing on his blog that, “If you are a departing rep or manager and want to sell more than listings and resume search you should give me a call, email me, or connect with me on LinkedIn.”

Networking at the JobBurner Campfire…

JobBurner.com is a new website community that uses personality matching and social networking features (with personalized profile pages, blogs, and forums) to match employers and jobseekers.

The management team includes Zoë Goldring and Gretchen Ledgard, both of JobSyntax.com fame, who allege that existing technologies haven’t provided “long-term and strategic solutions” to connect the best technical professionals and available career opportunities.

In other words, this is another company hyping a move past traditional resumes and keyword searches.

Job postings, also posted on its affiliate sites, are free until February 28. Once the trial period ends, listings cost $200 each.

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Kidzania: The Happiest Place on Earth…

A new children’s theme park in Japan, which can accommodate up to 3,000 children a day, is dedicated to offering children a fun taste of the working world.

The Kidzania park has 50 company-sponsored pavilions that offer a chance for kids to test their prowess as pilots, dentists, electrical engineers, and more.

For example, a dentist-in-training learns how cavities form, then inserts a filling in the tooth of a doll.

Many education officials in Japan are worried about the work ethic of its young generation. Some government reports show that about 640,000 Japanese youth between the ages of 15-34 are neither at work nor at school, compared with about 400,000 in 1993. (The government refers to this group as NEET: not in education, employment or training.)

Plans are in the works to develop Kidzania at six more locations in Japan.

There are no immediate plans for a park in the United States, though more parks will open in Mexico City; Monterrey, Mexico; Jakarta; Lisbon; Dubai; and possibly South Korea and China.

Elaine Rigoli has nearly 15 years of experience managing content and community for various B2B and consumer websites. Elaine has written thousands of business and technology articles and has been quoted in The Wall Street Journal and eWeek, among other publications.

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2 Comments on “Chatter: Monster, JobBurner, and RecruiterLand Fun

  1. While the tools are self-evolving in the toolbox, the recruiters are still on their hamster wheels, doing their thing. May the hamsters keep running.

  2. It looks like there’s quite a bit happening at Monster these days:

    Monster exec pleads guilty
    Myron Olesnyckyj, former general counsel of Monster Worldwide Inc., pleaded guilty to federal charges stemming from a probe of illegal stock option grants.
    Olesnyckyj, who was fired in November by New York-based Monster, owner of the most-used online job list, pleaded guilty to conspiracy and securities fraud Thursday in federal court in New York.
    “The proceeds from this activity were $381,000,” Olesnyckyj, 45, told U.S. District Judge Laura Taylor Swain. “I plead guilty, your honor.”
    He becomes the seventh person to be charged over option grants. At least 200 companies have disclosed internal or federal probes into whether they inflated the value of options awarded to executives by backdating or timing the grants to coincide with days when the stock price was low. Monster said in December that it had overstated earnings by $271.9 million in the past nine years because of improperly recorded option grants.
    The U.S. Securities and Exchange Commission earlier Thursday filed a civil lawsuit against Olesnyckyj accusing him of creating documents that falsely showed Monster’s compensation committee had granted options to employees on dates when its stock price was low. He and others also directed the issuance of options without obtaining the committee’s approval, as required, the SEC wrote in its complaint.
    “The company terminated him some time ago, so it’s inappropriate for us to comment,” said Monster spokeswoman Kathryn Burns. She said Monster will continue to cooperate with investigators.
    Ex-executives of San Jose-based Brocade Communications Systems Inc. and New York-based Comverse Technology Inc. were charged by U.S. authorities last year.
    Charges against Olesnyckyj were filed by U.S. Attorney Michael Garcia in New York. The criminal investigation was conducted by the U.S. Postal Inspection Service.
    Monster co-founder Andrew McKelvey quit the board in October after refusing to cooperate with the company’s inquiry of the matter. Monster’s internal investigation found that some of its transactions with McKelvey and his relatives from 1996 to 2006 weren’t properly disclosed, the company said in a June statement.
    The company made more than $500,000 in inappropriate payments to McKelvey, Monster said in a statement Dec. 13. The adjustments cut 2005 net income by $9.24 million, 2004 net income by $14.4 million, 2003 net income by $27 million and also reduced earnings in earlier years.
    McKelvey’s lawyer, Steven Reich, didn’t return a call Thursdayseeking comment.
    The case is U.S. v. Olesnyckyj, Southern District of New York (Manhattan).
    — Bloomberg News

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