Monster India launches 'Contract Jobs' for Professional, Contractual and Temporary Hiring

MAYNARD, Mass. --(Business Wire)--

With increased recruitment activity in temporary and contractual jobs in the India market, Monster^®, the worldwide leader in successfully connecting people to job opportunities, and flagship brand of Monster Worldwide, Inc. (NYSE: MWW), announced the launch of "Contract Jobs" in India. To meet the needs of both employers and job seekers, Monster India introduced "Contract Jobs" for professional, contractual and temporary hiring, allowing better access to the broad pool of talent looking for contractual employment and companies looking to hire contract and project workers respectively.

According to industry estimates, the Indian organized temporary staffing industry is likely to employ nine million people by 2025 and is expected to grow to represent 10% of the organized workforce by 2025.¹ Over the last decade, the demand for temporary/contractual employees has gained momentum especially in sectors like IT/ITeS, retail and other services sector, owing to recruiter's ability to respond quickly to volatile economic environment with the least possible lead time.

"Contract Jobs" is the most recent example of Monster helping employers and job seekers "find better," by connecting more efficiently and successfully through innovative technology solutions, tools and services.

"As India's rapid economic growth trajectory has caused the demand for talent to outstrip the supply, contractual hiring has garnered greater acceptance amidst the uncertain business environment," said Sanjay Modi, Managing Director, Monster.com (India/ Middle- East/ South East Asia). "Given the buoyancy of contractual and project hiring in India, Monster India's new "Contract Jobs" has been launched to address the needs of career minded professionals by providing them flexibility of tenure, learning on the job and a bridge to full employment. This offering will also aid employers in building their talent pipeline and meet their talent equirements by hiring just-in-time".

Key highlights of the new "Contract Jobs" site include:

Dedicated section for Contract Jobs with a tab on the home page of www.monsterindia.com
Professional Staffing
General Contractual Staffing
Specialized section under contract jobs for 'Women on the go': will target women who are looking for flexibility in part time/ project based/ contractual employment
Specialized section under contract jobs for : 'Career after Career': Will target retired people who are looking at pursuing careers after the retirement

With the increased pace of the economic growth in India and globalization of workforce, contractual and project-based jobs act as a springboard to bring experienced, skilled and qualified talent back to the workforce to fulfill their career aspirations and pursue a wider variety of career options.

About Monster India

Monster India, one of India's leading online career and recruitment resource, works for everyone by connecting job seekers across industry verticals, experience levels and geographies instantly with leading employers. Monster India's cutting edge Magic Search technology provides relevant profiles to employers and relevant jobs to jobseekers.

Monster India started operations in 2001. Headquartered in Hyderabad, the company has an established presence in 11 other cities of India viz., Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Ahmadabad, Baroda, Chandigarh, Jaipur and Cochin.

A recipient of the Best jobsite in India award for two years by an independent jury appointed by PC World, Monster has also been awarded with the User's Choice Award 2008 by PC Quest. Monster's initiative 'Rozgarduniya.com' - a job portal exclusively for jobseekers in rural India, in collaboration with ITC e-Choupal enables employers in corporate India to connect with rural talent, thus removing the traditional barriers they face in this process.

Monster India partnered with DishTV to bring the first ever job search "Monsterjobs Active" on TV. Convergence (News - Alert) of the internet and TV medium made job services easily accessible to TV viewers across all cities bridging the unmet need of the audience for whom access to the internet is limited.

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster®, is the worldwide leader in successfully connecting people to job opportunities. From the web, to mobile, to social, Monster helps companies find people with customized solutions using the world's most advanced technology to match the right person to the right job. With a local presence in more than 40 countries, Monster connects employers with quality job seekers at all levels, provides personalized career advice to consumers globally and delivers vast, highly targeted audiences to advertisers. To learn more about Monster's industry-leading products and services, visit http://www.monster.com. More company information is available at http://about-monster.com.

¹ http://www.staffingindustry.com/eng/Research-Publications/Daily-News/India-Flexible-workforce-to-grow-rapidly