🌟 Exciting News in Recruitment! - from us at Bessire & Associates, Inc. 🌟
We are thrilled to share a major announcement that impacts the future of recruitment advertising. Randstad, the world’s leading talent company, has agreed to form a joint venture combining its job board business, Monster, with CareerBuilder, a portfolio company of funds managed by affiliates of Apollo (the “Apollo Funds”).
This partnership merges two strong, trusted, and complementary brands to create a job board with unparalleled scale and reach. As the job market continues to evolve, this combination will enable both Monster and CareerBuilder to leverage shared resources and solutions, delivering greater value to both talent and employers. Together, they can more effectively capitalize on market trends and drive enhanced growth.
As pioneers in the job board industry, Monster and CareerBuilder are dedicated to providing tools and resources that connect employers and candidates, transforming the recruitment process. The agreement is subject to customary regulatory approvals, with the transaction expected to be completed in Q3 2024.
For now, it's business as usual. Both job boards will continue to support their customers' recruitment strategies and work toward accelerated outcomes. In the coming months, these teams will collaborate closely with customers and partners to communicate their combined value and create greater opportunities for both candidates and employers.
We at Bessire & Associates, Inc. & Associates, as your recruitment Advertising Agency - are committed to partnering with you through this exciting transition. If you have any questions, please feel free to reach out to me directly. Stay tuned for more updates as we move forward with this joint venture!
Best, Jason@bessire.com