Product details

The online job posting industry was undergoing rapid transformation due to swift technological advancements, whereas the traditional job boards continued to face stiff competition from social, mobile and analytical platforms. As a result, the key players in the HR recruitment realm were moving towards consolidation in the form of mergers and acquisitions. On August 9th 2016, Netherlands based HR giant, Randstad Holdings (Randstad) announced the acquisition of Monster Worldwide (Monster) in a deal valued at USD429 million. Considered as a landmark acquisition, the Monster bid was an illustration of the consolidation happening in the online recruiting space. For the staffing giant Randstad, which had struggled to grow in the US, the buyout fitted into its spate of acquisitions to expand into online recruiting and to bolster its presence in the US Randstad was a leader in talent acquisition and staffing for long, and it strongly believed in providing more strategic services in the recruitment realm. For Randstad, the acquisition was supposed to bring in a new technology and mobile platform along with Monster’s brand name in the US. Monster in turn would gain by becoming a part of a bigger and more diversified company besides offering instantaneous value to its stakeholders. It remained to be seen whether both the firms would synergise to create a strong foothold in the evolving global job market and how Randstad would leverage the capabilities of Monster in consolidating its HR services portfolio.