The 6Sense semantic search technology from Monster, the flagship
Monster Worldwide, Inc
) is helping companies successfully find the right candidate for
the right job in a quick and cost effective manner.
As competition for jobs get intense and unemployment remains
high, the number of vacancies continue to increase with an average
of 3.26 million positions waiting to be filled in the U.S.
Monster's 6 Sense Technology enables recruiters to source
quality job candidates and fill jobs in a faster manner.
Monster's patented 6Sense semantic search and matching
technology act as a backbone for most of the products, which in
turn, facilitates both the job seekers and employers.
Monster continues to make investments in the technology platform
that allows the company to launch innovative products and services
on a global basis.
Monster acquired Trovix Inc. in 2008 and this new technology is
based on the technology from Trovix. Trovix provides career-related
products and services that use advanced search technology, while
focusing on key attributes, such as skills, work history and
The 6Sense technology basically transforms traditional
keyword-based processes and aids customers by matching candidates
to their required job specifications.
Moreover, Monster introduced its cloud based search product
SeeMore in the third quarter of 2011, which enables the customers
to utilize the company's 6Sense technology on their own talent
SeeMore also allows employers to search for all of their talent
pools in one place and consequently identify and rank the best
potential candidates by reading the resumes with a recruiter- like
understanding of skills and qualifications.
Moreover, using the SeeMore technology, companies can work
beyond talent sourcing to talent management by using analytics for
more strategic workforce planning.
Meanwhile, Monster's proprietary semantic resume search product,
Monster Power Resume Search (PRSG) also enables employers to
search for the best candidates by swiftly analyzing resumes and
Business had been in doldrums for Monster for quite some time
now and the company is focussing on rolling out new products and
technologies to combat the significant decline in its top line.
We continue to maintain a Neutral recommendation on Monster. Our
recommendation is supported by Zacks Rank #3, which translates into
a short-term rating of Hold.
MONSTER WWD INC (MWW): Free Stock Analysis
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