Monster Worldwide discusses job search engines and aggregators (MNST 2Q05 conf call quotes)

Monster CEO Andy McKelvey and President Steve Pogorzelski were asked about the threat to their company from job search engines and aggegators (such as Indeed.com). Excerpts from their response:

...we've done a lot of examining internally in terms of jobs scraping or aggregating or any way that you want to put it. You mentioned Yahoo! and, I think, and of course Google is also looking at it. If you look at it from our perspective, what we believe is what is best for the job seeker and what's best for the employer is the direction that we should go. So consequently, if our jobs are going to appear on other websites, it would seem that this is the right direction.

We've had an inquiry from Google, and we're going to talk to them. But at this point what we're doing is we're examining it…

… 75% of our traffic comes direct to Monster based on the strength of our brand and the trust and loyalty we've developed with the job seeker. Less than 1% of our traffic today actually comes from the aggregators. So as we continue to watch these moves, we believe that innovation in recruitment, categorically, will only…  serve to help us, as the leader in the field, and we believe that we can benefit from innovation.

(Quotes are from the CCBN StreetEvents transcript.)

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