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DIEMEN, THE NETHERLANDS and WESTON, Mass. – October 31, 2016 – Randstad North America, Inc., a wholly-owned subsidiary of Randstad Holding nv (AMS: RAND), announced today that its wholly-owned subsidiary, Merlin Global Acquisition, Inc., has successfully completed its tender offer to acquire any and all outstanding shares of common stock of Monster Worldwide, Inc. (NYSE: MWW) (“Monster”), at a price of $3.40 per share in cash, without interest thereon and less any applicable withholding taxes (the “Offer”).

As a result of the completed Offer and pending completion of the merger, which is expected to occur on November 1, 2016, Monster’s common stock is expected to cease trading prior to market open on the closing date and will no longer be listed on the New York Stock Exchange.

Monster, a global leader in connecting jobs and people, will continue operating as a separate and independent entity under the Monster name.

Through this combination we are able to accelerate our digital strategy and our ability to serve our customers and candidates with transformational ‘Tech and Touch’ services,” said Jacques van den Broek, CEO of Randstad. “With Monster’s easy to use digital, social and mobile solutions and Randstad’s global network, we now have the ability to create comprehensive and technologically advanced capabilities for human resources services in a global job market defined by rapid technological change.

Joining Randstad provides Monster with the opportunity to grow as a formidable industry leader, building the most sophisticated global platform of talent data, services and tools for connecting jobs and people,” said Tim Yates, CEO of Monster Worldwide. “We are excited to begin Monster’s next chapter and accelerate our transformation.

There are a number of strategic and financial benefits to the transaction: 

  • Brings Together Complementary Visions to Lead Transformation: Randstad and Monster have a shared vision for the global job industry, which is rapidly transforming as a result of technology advances. The transaction is intended to accelerate our ability to develop new and innovative capabilities that deliver greater value to job seekers and employers by bringing labor supply and demand closer together.
  • Creates Most Comprehensive and Technologically Advanced Capabilities for Human Resources Services: Randstad continues to enhance its business model in the rapidly shifting landscape, placing annually more than 2 million people worldwide through its network of more than 4,500 branches and client-dedicated services. The addition of Monster’s leading recruiting media, technologies, and platforms, which connect people and jobs in more than 40 countries, further expand services to offer both clients and candidates tools for increased efficiency and engagement, connecting more people to more jobs.
  • Financially Compelling: The transaction is expected to be immediately accretive to Randstad earnings per share.

***

The Offer expired on October 28, 2016 at 12:00 midnight, New York City time. Broadridge Corporate Issuer Solutions, Inc., the depositary for the Offer, has advised that, as of the expiration of the Offer, a total of approximately 45,973,527 shares of Monster common stock have been validly tendered and not properly withdrawn pursuant to the Offer, representing approximately 51.5% of Monster’s outstanding shares (including shares of restricted stock and options). In addition, shares presented by notices of guaranteed delivery have been delivered with respect to 3,708,393 shares of Monster common stock that have not yet been validly tendered, representing approximately 4.15% of Monster’s outstanding shares (including shares of restricted stock and options). All shares that were validly tendered and not properly withdrawn during the Offer period have been accepted for payment. Payment for such shares will be made promptly, in accordance with the terms of the Offer.

The minimum condition to the Offer that one share more than half the sum of all outstanding shares (including restricted shares, shares issuable to holders of stock options and shares issuable to holders of Monster’s 3.50% Convertible Senior Notes due 2019 from whom Monster has received duly completed notices of exercise) be validly tendered has now been satisfied, and Randstad intends to complete its acquisition of Monster promptly through a merger under Section 251(h) of the General Corporation Law of the State of Delaware.  As a result of the merger, each share of common stock of Monster not tendered in the Offer (other than shares held by Monster, Randstad or their respective direct or indirect wholly-owned subsidiaries, and other than shares held by Monster stockholders who have properly and validly perfected their statutory appraisal rights in compliance with Section 262 of the General Corporation Law of the State of Delaware) will be converted into the right to receive $3.40 per share in cash, without interest thereon and less any applicable withholding taxes. Upon completion of the merger, Monster will become a wholly-owned subsidiary of Randstad.

About Randstad
Randstad specializes in solutions in the field of flexible work and human resources services.  Our services range from regular temporary staffing and permanent placements to Inhouse Services, Professionals, Search & Selection, outplacement, and HR Solutions. Randstad Group is one of the leading HR services providers in the world, with top-three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland, the UK, and the United States, as well as major positions in Australia and Japan.  In 2015, Randstad had approximately 29,750 corporate employees and around 4,473 branches and Inhouse locations in 39 countries around the world.  Randstad generated revenue of € 19.2 billion in 2015.  Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the Euronext Amsterdam, where options for stocks in Randstad are also traded.  For more information, see www.randstad.com.

About Monster Worldwide
Monster Worldwide, Inc. (NYSE: MWW) is a global leader in connecting people to jobs, wherever they are. For more than 20 years, Monster has helped people improve their lives with better jobs, and employers find the best talent. Today, the company offers services in more than 40 countries, providing some of the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities. Monster continues its pioneering work of transforming the recruiting industry with advanced technology using intelligent digital, social and mobile solutions, including our flagship website Monster.com® and a vast array of products and services. For more information, visit www.monster.com/about.

Forward-Looking Statements
The statements included in this press release contain forward-looking statements, which are generally statements that are not historical facts.  Forward-looking statements can be identified by the words “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plans,” “will,” “outlook” and similar expressions. Forward-looking statements are based on management’s current plans, estimates, assumptions and projections, speak only as of the date they are made and include without limitation statements regarding the planned completion of the tender offer and the merger, statements regarding the anticipated filings relating to the tender offer and the merger, statements regarding the expected completion of the tender offer and the merger and statements regarding the ability of Merger Sub to complete the tender offer and the merger considering the various closing conditions. Randstad and Monster undertake no obligation to update any forward-looking statement in light of new information or future events, except as otherwise required by law. Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and are generally beyond the control of either company, including the following: (a) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; (b) the inability to complete the transaction due to the failure to satisfy conditions to the transaction; (c) the risk that the proposed transaction disrupts current plans and operations; (d) difficulties or unanticipated expenses in connection with integrating Monster into Randstad; (e) the risk that the acquisition does not perform as planned; and (f) potential difficulties in employee retention following the closing of the transaction. Actual results or outcomes may differ materially from those implied by the forward-looking statements as a result of the impact of a number of factors, many of which are discussed in more detail in the public reports of each company filed or to be filed with the SEC or the Amsterdam Stock Exchange.

Contacts

For Randstad Investors
Arun Rambocus (Director Investor Relations)
+31 20 569 5940
+31 6206 18370 (Mobile + WhatsApp)
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For Randstad Media
Machteld Merens (Director Group Communications)
+31 20 569 1732
This email address is being protected from spambots. You need JavaScript enabled to view it.

For Monster Investors
Bob Jones (Investor Relations)
+1 212 351-7032
This email address is being protected from spambots. You need JavaScript enabled to view it.

For Monster Media
Matt Anchin (SVP Global Communications)
+1 212 351-7528
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Public sector workforce services leader to provide HR and training solutions to U.S. federal agencies under $11.5 billion Human Capital and Training contracting vehicle
 
MCLEAN, Va., Oct. 19, 2016 /PRNewswire/ -- Monster Government Solutions, a leader in connecting jobs and people in the public sector and a wholly-owned subsidiary of Monster Worldwide, has been selected to provide human capital strategy, training and development, and performance improvement services to United States federal agencies under the $11.5 billion Human Capital and Training Solutions (HCaTS) contract award vehicle.
 
The exhaustive selection process required companies to compete on criteria including past contract performance, client satisfaction, company financial health and viability, and more.
 
"We're thrilled to have the opportunity to help meet the training, development and broader talent management needs of all federal agencies," said Steve Cooker, Executive Vice President of Monster Government Solutions. "It's a critical time for our federal workforce. Through both our comprehensive service offerings and information technology (IT) solutions, we look forward to continuing to empower federal personnel to maximize their productivity in support of mission success."
 
Monster Government Solutions was selected based on successful demonstration of its ability to increase the efficiency of critical business processes, provide optimal professional development opportunities, support effective change management initiatives, as well as the development of key metrics in assessing an agency's human capital management initiatives. Under the HCaTS vehicle, Monster Government Solutions will offer the Federal Government a holistic set of talent management and workforce services to help personnel thrive in today's enterprise workplace.
 
For 15 years Monster Government Solutions has provided the federal government with professional management and leadership development, customized workforce training and performance management and digital recruiting tools, as well as additional IT support of existing Human Resources (HR) systems. Monster pioneered online recruiting in 1994 and in the decades since, Monster Government Solutions has made significant investments in human capital management solutions to support the government in finding, hiring and developing its workforce.
 
The HCaTS award vehicle will be administered by the U.S. General Services Administration on behalf of the U.S. Office of Personnel Management, which will be responsible for HCaTS policy oversight to ensure that federal agencies are properly matched with HR solutions that best meet their needs. Selected companies will be competing for task orders over the 10.5-year contract term.
 
About Monster Government Solutions
For 15 years, Monster Government Solutions has been working with leaders in government and education. Along the way, we changed the way people look for government jobs and we constantly strive to make a difference in the lives of people across the country, the way employers look for people, and how organizations connect with their target audiences. Our software solutions also vastly improve the recruitment experience by increasing speed-to-hire and accelerating the onboarding process, so new employees become more productive, faster. There are nearly 100 federal government agencies that rely on Monster's federal products and services every day, including 14 of 15 cabinet-level agencies and all five branches of the uniformed armed services. Monster Government Solutions, a wholly owned subsidiary of Monster Worldwide, Inc., is a U.S. company with offices in McLean, Virginia.
 
About Monster Worldwide
Monster Worldwide, Inc. (NYSE: MWW) is a global leader in connecting people to jobs, wherever they are. For more than 20 years, Monster has helped people improve their lives with better jobs, and employers find the best talent. Today, the company offers services in more than 40 countries, providing some of the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities. Monster continues its pioneering work of transforming the recruiting industry with advanced technology using intelligent digital, social and mobile solutions, including our flagship website monster.com® and a vast array of products and services. For more information visit monster.com/about.




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MCLEAN, Va., Sept. 20, 2016 /PRNewswire/ -- Military.com and Veterans Florida announced today that they have joined forces to provide employment tools and resources for veterans and transitioning military members who want to live in Florida.

Veterans Florida is a non-profit organization funded by the State of Florida to help promote the state as a great place to live for veterans and for those leaving the military. Military.com and its parent company Monster Worldwide Inc. (MWW), a global leader in connecting people to job opportunities, will power a Veteran Talent Portal on the Veterans Florida website that features Military.com's award winning Military Skills Translator, and Transition Center. 

"Many folks leaving the military—whether it's after a few years or after an entire career—have to decide where they will end up after their service is completed," said Greg Smith, President of Military.com and a retired Navy admiral. "We are proud to work with Veterans Florida to provide everything a veteran may need to find employment and settle into their civilian life in Florida."

The  Military Skills Translator leverages Military.com's deep institutional knowledge of military and veteran affairs and Monster's award-winning talent recruitment and management software to provide job seekers with an in-depth, comprehensive, multifaceted picture of how their military service skills can be applied to civilian jobs. Powered by Monster, the tool also links directly to job opportunities that match the veteran's skill set.

The Transition Center is designed to be the first place a military member goes to plan their transition. Members simply input their estimated separation date and receive checklists to help them prepare for their exit from the military. The checklists not only help to ensure the member is on track for planning for their future, but also to provide valuable information on healthcare, benefits, relocation and job opportunities with potential civilian employers. Transitioning service members looking to relocate to Florida can tap into this tool to plan their journey back to civilian life.

"Veterans Florida is a non-profit corporation created by the State of Florida to help veterans fully transition to civilian life in the Sunshine State.  We connect veterans toemployers, grant funds to employers to hire and train veterans, and educate veterans on how to open their own businesses in our state," said Bobby Carbonell, Executive Director of Veterans Florida. Monster and Military.com are leaders in the veteran employment and veteran recruitment and hiring landscape. We are so fortunate to be able to feature the tools and resources they are providing through the Veteran Talent Portal on our site."

Many consider Florida to be one of the most veteran friendly states in the nation, with more than 1.5 million veterans choosing to make the state their home. Additionally, Florida is ranked the second "best state for business" and is home to numerous businesses in high-growth fields such as aerospace, manufacturing, logistics, research and development, and technology that are seeking to hire veterans and provide them with the training they need to build a long and fruitful career. The state also offers expedited licensure to veterans in several fields.

Additionally, Florida waives out-of-state tuition fees for all honorably discharged veterans through the "Congressman C.W. Bill Young Tuition Waiver Program." This means that if you are a veteran from another state and are accepted into a Florida state college or university, you will qualify for in-state tuition rates, as long as you reside in the state of Florida while pursuing your degree. The state also waives undergraduate tuition for state universities, community colleges, and career and technical schools for recipients of the Purple Heart or combat decorations superior in precedence to the Purple Heart.

About Military.com
Military.com is the nation's largest military and veteran online news and membership organization serving active duty personnel, reservists, guard members, retirees, veterans, family members, defense workers and those considering military careers. A leader in veteran employment and solutions for companies looking to hire veterans, Military.com offers employment tools, transition assistance, and employer resources as well as military discounts, and information on all of the benefits earned in service. Military.com is a business unit of Monster Worldwide Inc. More information is available at www.military.com.

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Technology council program is aimed at finding talent

Technology jobs, some with high-pay potential, are among the most sought after in the commonwealth, and Northern Virginia is the state’s technology hub.

The Herndon-based Northern Virginia Technology Council, the largest regional tech group in the U.S., wants qualified veterans to know — please apply.

Since 2013, the council has led an innovative business-driven Veterans Employment Initiative (VEI). The program is designed to help veterans find jobs and to assist technology companies in filling vacancies with veterans who are already qualified or can be trained.

Seven hundred  to 1,000 service members from military bases and installations in the D.C. area transition into civilian life every month. That tide of veterans is not going to get any smaller, says Steve Jordon, VEI’s program manager.
“Companies need talent, and this provides another recourse,” says Jordon, a former Navy captain who retired after 30 years of service.

Stephen Fuller of George Mason University’s Center for Regional Analysis has forecast that during the current decade (ending in 2020), 41 percent of the more than 124,000 new jobs in Northern Virginia will be created in the professional, scientific and technical-services sectors.

The technology council says that finding qualified employees for those new jobs is difficult, adding that workforce development is one of the biggest long-term challenges facing the industry.

The council and Monster.com, one of the most visited employment websites in the world, have formed an online community. It includes a vast, searchable database of jobs at council member firms.

Every council member — about 1,000 companies — can post jobs for free on NoVaTechVets.org and related sites. They also can access Monster’s database of thousands of veterans’ résumés.

NoVaTechVets.org also has “a military skills translator” that can help veterans match their skills with civilian jobs.

Other tools on the site help vets build their résumés and review opportunities for further education. All of these features are designed to help veterans make the sometimes bumpy transition to the civilian workforce a little smoother.

Jordon says that VEI and Virginia Values Veterans began about the same time, and they have close links. “We’re mutually supportive,” he says. “It’s a symbiotic relationship.”

Tech council companies that also are V3-certified have reported hiring 4,000 veterans since VEI began.

But Jordon says that number probably underestimates the number of veterans who have actually found employment, because not every company is V3-certified and reports its hires.

A series of special events established by VEI is called “recruiting days.”

Unlike traditional job fairs where applicants looking for jobs circulate between tables, recruiting days allow employers to pre-screen veterans’ résumés before speaking with them in small groups.

Jordon says an applicant can get up to 20 minutes of face time with a potential employer. “Career speed-dating,” he says.

To aid companies, monthly VEI webinars also provide tips on best practices in hiring, training and retaining veterans.

Although Jordon describes the VEI as “philanthropic and patriotic,” that’s not the bottom line.

“At the end of the day, the decision to bring a veteran on board is a business decision,” he says.

Originally posted at virginiabusiness.com



 

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Original Article Posted on GCN on July 27, 2016 
By Paul McCloskey 

Washington  Gov. Jay Inslee wants to help spur workforce development throughout the state by rolling out a jobs-matching website that combines features of the state’s WorkSource job matching site and technology from jobs powerhouse, Monster Worldwide Inc.
 
The upgraded website, called WorkSourceWA.com, offers employers improved job recruitment tools, talent-management software to find candidates faster and ways to perform side-by-side comparisons of job seeker attributes.
 
“This partnership will help our state reduce unemployment and grow our economy, while ensuring that Washingtonian workers and employers have opportunities to be successful and prosper,” Inslee said.
 
The site is powered by Monster but carries Washington State branding and data. It offers job seekers resume-builder tools so they can stand out in the candidate pool as well as skills and assessment tools to help them explore opportunities  and chart progress throughout their careers. An integrated case management system also helps expert advisors in 60 statewide resource centers help residents find jobs.
 
In the 14 years prior to relaunching the site, the state’s employment security office hosted a mainframe-based labor exchange that was mostly a system for organizing paperwork.
 
“Employers posted jobs and job seekers posted resumes, but people looked at the piles and did the actual match,” said Dale Peinecke, commissioner of Washington's Employment Security Department.
 
Two years ago the state launched a search for a technology partner to modernize the program,   choosing Monster Government Solutions. In addition to having 20 years’ experience in jobs matching, Monster had a valuable technology advantage: artificial intelligence and semantic technology that could help automate parts of the decision making process.
 
“With the Monster Government Solutions technology piece, we’ve got artificial intelligence that does the matching,” Peinecke said. “That allows our people to spend more time doing career or employer counseling and move cases forward.”