Failure to understand the market
Manager, Monster (Former Employee) – Weston, MA – April 19, 2017
Monster was once a .dot com darling, offering a new, innovative service to connect job seekers with employers. Rather than using this as a springboard to greatness, they settled with attempting to hold on to their market. The problem - the market evolved and Monster's portfolio was not diverse enough to evolve with the market. The sales force grew complacent, becoming experts in order fulfillment, rather than trying to understand their clients needs. Leadership made a series of moves over the last 5+ years aimed at revenue retention (playing defense) rather than addressing the market evolution. Companies such as LinkedIn and Indeed.com capitalized by offering better services that fit within their clients overall business strategy.
Monster has since been acquired by Randstad, a staffing firm, the very industry that helped dilute Monster core product value. That is not the fault of the staffing industry, it is squarely on the shoulders of a company unable to see beyond a quarterly target. Virtually all of Monster leadership is now gone, save the CEO, who never understood the industry at it's core.
Perhaps Randstad, with it's global business acumen, can return Monster to growth. It has a monstrous task ahead as most of Monster's talent pool exited over the last 2-3 years to follow more profitable endeavors.
Work/Life balance (work from home, schedule flexibility). Better than average vacation/PTO time
No bonus progam for corporate functions (ceases to be a program when it hasn't paid out in 4+ years)