As Staffing Industry Analysts reported, last year “companies processed $82.4 billion U.S. dollars (USD) in spend associated with the human cloud on a global basis.” Today’s business environment is defined by the fluidity of globalization. In a short span of time, technology has eroded many of the barriers -- physical and social -- that have separated people throughout the ages. We’ve entered a new era of work where our tools, processes and people function in “the cloud.” Rigid structures and[...]
Just two days ago, on August 9, global HR consultancy Randstad announced its acquisition of Monster Worldwide. The news wasn’t that surprising. Four years ago, The Boston Globe reported that Monster was seeking a buyer. Financially, Monster has been riding a downward spiral for years. And that’s become the big discussion point across the industry. Most of the articles provide a deep examination of plummeting revenues and struggles to remain relevant. Without rehashing all the figures, let’s sum it up this way: Randstad paid $3.40 per share. Back in 2000, during the job board’s heady salad days, investors paid $91 per share. I believe the more important story here involves Monster as a cautionary tale and what its resurrection through Randstad could mean to the workforce solutions industry.