CareerBuilder

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CareerBuilder
CareerBuilder Logo
Web address CareerBuilder.com
Commercial? Yes
Type of site Job search engine
Registration Optional
Available in Multi-Lingual
Owner Gannett Co, Inc.
Tribune Company
The McClatchy Company
Launched 1995
Revenue Increase US$556 million (2010)[1]
Alexa rank positive decrease 869 (April 2014)[2]
Current status Active

CareerBuilder.com, operated by CareerBuilder, is the largest online employment website in the United States, with more than 24 million unique visitors each month[3] and a 34% market share of help-wanted web sites in the United States.[4] CareerBuilder.com provides labor market intelligence, talent management software, and other recruitment solutions, including online career search services for more than 1,900 partners as of March 2008, including 140 newspapers and portals such as AOL and MSN.

CareerBuilder operates sites in 23 countries outside the U.S., and has a presence in over 60 markets. In 2011, CareerBuilder acquired JobsCentral[5] in Singapore and JobScout24[6] in Germany. In 2014, CareerBuilder acquired recruiting technology company Broadbean[7] in the U.K.

CareerBuilder also owns and operates several niche job search sites including Sologig.com, Headhunter.com, CareerRookie.com, MiracleWorkers.com, WorkinRetail.com and JobsInMotion.com.

Careerbuilder.com is jointly owned by the Gannett Company, The McClatchy Company and the Tribune Company.[8][9]

Company Information[edit]

CareerBuilder.com is headquartered in Chicago, Illinois, has about 3,000 employees globally, and is under the leadership of CEO Matt Ferguson. It was founded in 1995.[10]

After several years of profit, CareerBuilder.com suffered challenges related to the economic downturn in 2002 and 2008. The company announced layoffs in December 2008, affecting approximately 300 employees. [1]

Careerbuilder has regained strength after the turn of the global economy and has maintained its lead as the largest online employment company in North America. In September 2012, the company acquired Economic Modeling Specialists Intl., an economic modeling software firm based in Moscow, Idaho.[11]

History[edit]

CareerBuilder was founded by Robert J. McGovern [12] in 1995 as NetStart Inc.[10] selling software to companies for listing job openings on their Web sites and the ability to manage the incoming e-mails those listings created. After an influx of two million dollars in investment capital[13] the company transported this software, named CareerBuilder to its own web address, at first listing the job openings from the companies who utilized the software.[14] NetStart Inc. changed its name in 1998 to operate under the name of their software, CareerBuilder.[15] The newly christened company received a further influx of seven million dollars from investment firms such as New Enterprise Associates to expand their operations.[16]

The company announced their decision to go public in April 1999.[17] The company's IPO on May 12, 1999 raised $8 million more than initially forecast, but was less successful than other Net offerings of the time. In its first day of trading, the stock opened at $17.50 and rose as high as $20 before closing at $16.[18] Microsoft moved quickly to acquire a minority stake in the company in exchange for using the company's database on their own web portal.[19][20]

After being purchased in a joint venture by Knight Ridder and Tribune Company in July 2000[21] for $8 a share[22] CareerBuilder absorbed competitor boards CareerPath.com and then Headhunter.net which had already acquired CareerMosaic. Even with these aggressive mergers CareerBuilder still trailed behind the number one employment site Monster.com and number two Hotjobs.com.[23]

In 2001, major newspapers owned by Knight Ridder and the Tribune Company merged their help wanted sections with the online component.[24] Rob McGovern was replaced as CEO in March 2002 by Robert Montgomery.[25] Gannett purchased a one-third interest in the company for $98.3 million in 2002, adding the CareerBuilder brand to its 90 newspapers nationwide.[26] The company suffered major difficulty because of the dot com crash and nearly went bankrupt.

The McClatchy Company purchased Knight Ridder for $4.5 billion in stock and cash in March 2006.[27]

Awards[edit]

In April 2006 CareerBuilder.com's site was nominated for a Webby Award in the employment category.

In September 2007, CareerBuilder.com was ranked as 91 in BusinessWeek's Best Places to Launch a Career list.[28]

In December 2007, CareerBuilder.com won the Stevie Award for excellence in Customer Service.

In June 2008 CareerBuilder.com won the International Customer Management Institute's Global Call Center of the Year Award.

In February 2011, Training magazine put CareerBuilder.com as 96 on its list of 125 companies that emphasize training and employee development.[29]

In April 2011, Crain's Chicago Business ranked CareerBuilder.com 17 on its Best Places to Work list.[30]

In November 2011, the Chicago Tribune listed CareerBuilder.com as one of the 100 best places to work in Chicago.[31]

In December 2011, GlassDoor.com announced in their fourth annual list of Employee Choice Awards: Best Places to Work. CareerBuilder ranked 6th, behind #5 Google and ahead of #10 Apple.[32]

In 2011 CareerBuilder was placed 7 on Brill Street + Company's list of top 50 Chicago companies for employing and training Generation Y workers.[33]

In 2012, IDG’s Computerworld announces CareerBuilder as a 2012 Best Places to Work in IT, ranked No. 2 in the 100 top organizations that challenge their IT staffs while providing great benefits and compensation. [34]

In 2013, CareerBuilder was awarded a Gold Stevie Award in the category of Innovation in Customer Service - Advertising, Business Services, Marketing & Public Relations.[35]

In 2013, CareerBuilder ranked 17th on The Chicago Tribune's Top Workplaces [36]

Partnerships[edit]

Consumer complaints[edit]

According to two consumer complaints received by the office of Illinois Attorney General, Lisa Madigan, and reports from other states, scam artists have been contacting job hunters through CareerBuilder.com regarding a "Donations Handler" position with an international charity. The agreement is a classic pigeon drop. The "handler" accepts checks sent in the mail from Atlanta, Georgia and is required to wire transfer the amount to an international account within 24 hours. The checks are later discovered to be fraudulent. Victims reported losing between $500 and $2,000 in this scheme.[37]

See also[edit]

References[edit]

  1. ^ "CareerBuilder Underscores Lead in Traffic and Revenue". CareerBuilder. Retrieved 21 May 2014. 
  2. ^ "Careerbuilder.com Site Info". Alexa Internet. Retrieved 2014-04-01. 
  3. ^ "Online Recruiting: Job Postings vs Resume Databases?". TalentWoo. Retrieved 1 October 2012. 
  4. ^ Wilkerson, David B. "CareerBuilder to launch $250 million ad campaign", MarketWatch, January 22, 2008. Retrieved February 6, 2008.
  5. ^ Wauters, Robin (5 May 2011). "CareerBuilder Expands To Southeast Asia With Purchase Of Singapore's Jobscentral". TechCrunch. Retrieved 1 October 2012. 
  6. ^ Rahn, Cornelius (14 September 2011). "Deutsche Telekom Sticks to Internet Plan After JobScout24 Sale". Bloomberg. Retrieved 1 October 2012. 
  7. ^ Raphael, Todd (1 April 2014). "CareerBuilder Buying Broadbean". ERE. Retrieved 14 July 2014. 
  8. ^ de la Merced, Michael J. "Times Company Forms Alliance With Job-Listing Web Site", The New York Times, February 15, 2007. Retrieved February 6, 2008. "Three of the largest newspaper chains — the Tribune Company, the Gannett Company and The McClatchy Company — own CareerBuilder, among the largest help-wanted sites."
  9. ^ "CareerBuilder: About Us". Retrieved 20 January 2012. 
  10. ^ a b "CareerBuilder Timeline". Retrieved 20 January 2012. 
  11. ^ "CareerBuilder Acquires Economic Modeling Firm". Talent Management. 11 September 2012. Retrieved 1 March 2013. 
  12. ^ Rajiv Chandrasekaran, “Tapping Into a Web of Aspirations; NetStart Helps Firms With Online Job Hunts”, The Washington Post, Dec. 30, 1996, pg. F13
  13. ^ Peter Behr, David Segal, “High-Tech Turks Lure Big-Buck Backers; Outside Investment Grows but Trails Other U.S. Centers”, The Washington Post, Nov. 4, 1996, pg. F05. Retrieved December 12, 2008
  14. ^ Rajiv Chandrasekaran, “Tapping Into a Web of Aspirations; NetStart Helps Firms With Online Job Hunts”, The Washington Post, Dec. 30, 1996, pg. F13. Retrieved December 11, 2008
  15. ^ ”Building a Career Path”, The Washington Post, Jan. 19, 1998, pg. F05. Retrieved December 12, 2008
  16. ^ Michael Selz, “Financing Small Business: Computerized Employee-Search Firms Attract Investors”, The Wall Street Journal, Jan. 13, 1998, pg. 1. Retrieved December 12, 2008
  17. ^ Mark Leibovich, "Making the Job Search Profitable; CareerBuilder, a Top Online Employment Service, Is About to Go Public", The Washington Post, Apr. 5, 1999, pg. F05. Retrieved December 12, 2008
  18. ^ Jerry Knight, "TECH INVESTOR; Reston Firm Holds IPO", The Washington Post, May 13, 1999, pg. E04. Retrieved December 12, 2008
  19. ^ Job Search. Retrieved 21 May 2014. 
  20. ^ John Schwartz, "Microsoft Buys Into Reston Firm; Stake in CareerBuilder Adds Job Database to Web Portal", The Washington Post, May 25, 1999, pg. E02
  21. ^ ” Business Brief -- CAREER BUILDER INC.: Knight Ridder and Tribune Agree to Buy Firm Jointly”, The Wall Street Journal, Jul. 18, 2000, pg. 1. Retrieved December 12, 2008
  22. ^ Amy Joyce, Peter Behr,"CareerBuilder of Reston Sells for $200 Million", The Washington Post, Jul 18, 2000, pg. E01. Retrieved December 12, 2008
  23. ^ James Peter Rubin, “Breakaway (A Special Report) --- Web Workers: More small businesses are filling vacancies from an ever-growing pool of Internet candidates”, The Wall Street Journal, Oct. 23, 2000, pg. 8. Retrieved December 12, 2008
  24. ^ Christopher Stern, "CareerBuilder to Buy Competing Web Site", The Washington Post, Aug, 27, 2001, pg. E05. Retrieved December 12, 2008
  25. ^ Cynthia L. Webb, "CareerBuilder Under New Management :[FINAL Edition]", The Washington Post,Mar 5, 2002, pg. E05. Retrieved December 12, 2008
  26. ^ Stuart Elliott, "Gannett Buys Interest In CareerBuilder", The New York Times (Late Edition (east Coast)), Oct. 4, 2002, p. 6. Retrieved December 12, 2008
  27. ^ KATHARINE Q. SEELYE and ANDREW ROSS SORKIN, Jennifer 8. Lee and Carla Baranauckas contributed reporting for this article., "Newspaper Chain Agrees to a Sale for $4.5 Billion." The New York Times (Late Edition (east Coast)), p. A.1, Mar. 13, 2006. Retrieved December 12, 2008
  28. ^ "2007 BEST PLACES TO LAUNCH A CAREER". Bloomberg BusinessWeek. Retrieved 13 January 2012. 
  29. ^ "Training Reveals Rankings for 2011 Top 125". Training. Retrieved 1 October 2012. 
  30. ^ Riggio, Allison (4 April 2011). "Chicago's Top Workplaces 2011: The winners". Crain's Chicago Business. Retrieved 1 October 2012. 
  31. ^ "Chicago's Top Workplaces 2011: The winners". Chicago Tribune. 15 November 2011. Retrieved 1 October 2012. 
  32. ^ "Facebook, Google Named among Top Companies to Work". WDM Group. Retrieved 21 May 2014. 
  33. ^ "Generation Y Top 50". Brill Street + Company. Retrieved 1 October 2012. 
  34. ^ "100 Best Places to Work in IT 2012". 
  35. ^ "2013 Stevie® Award Winners". Retrieved 1 March 2013. 
  36. ^ "Chicago's Top Workplaces". 
  37. ^ "Scam Targets Job Hunters on Careerbuilder.com". Consumer Affairs. Retrieved 21 May 2014. 

External links[edit]