CareerBuilder

CareerBuilder
Type of site
 Job search engine
Available in Multi-Lingual
Headquarters Chicago, Illinois, United States
Owner Tegna Digital
Tribune Media
The McClatchy Company
Key people Matt Ferguson (CEO)
Revenue Increase US$556 million (2010)[1]
Employees 3,000 (2012)
Website www.careerbuilder.com
Alexa rank Positive decrease 451 (Sept 2015)[2]
Commercial Yes
Registration Optional
Launched 1995
Current status Active

CareerBuilder is an online employment website present in the United States, Canada, Europe and Asia. It is the largest online employment website in the United States, where it was founded.[3] 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.

International scope

CareerBuilder operates sites in 23 countries outside the U.S., and has a presence in over 60 markets. In 2011, CareerBuilder acquired JobsCentral[4] in Singapore and JobScout24[5] in Germany. In 2014, CareerBuilder acquired recruiting technology company Broadbean[6] 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.

Subsidiaries

Partnerships

Company information

CareerBuilder is jointly owned by Tegna Digital, The McClatchy Company and Tribune Media.[7][8]

CareerBuilder is headquartered in Chicago, Illinois, with IT headquarters in Peachtree Corners, Georgia, an international headquarters in London, England, has about 3,000 employees globally, and is under the leadership of CEO Matt Ferguson. It was founded in 1995.[9]

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.

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.[10]

In 2016 CareerBuilder and Capella University launched the RightSkill program.[11] The company also expanded into background screening with the acquisition of Aurico [12] and post-hire software with the acquisition of WORKTERRA.[13]

Ad campaigns

CareerBuilder has released several successful online ad campaigns. Such as Monk-e-Mail, a once popular site used to send amusing messages to other people with Twitter or email.

In 2015 CareerBuilder became the title sponsor of the former Bob Hope Classic and renamed the PGA tournament the CareerBuilder Challenge.[14]

Web traffic

A provider of rankings of the amount of unique viewers per month—comScore Inc—in January 2013, ranks CareerBuilder.com second behind Indeed.com[15] and in January 2008 the market share of help-wanted web sites by CareeBuilder in the United States was 34%.[16]

History

CareerBuilder was founded by Robert J. McGovern [17] in 1995 as NetStart Inc.[9] 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[18] 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.[19] NetStart Inc. changed its name in 1998 to operate under the name of their software, CareerBuilder.[20] The newly christened company received a further influx of seven million dollars from investment firms such as New Enterprise Associates to expand their operations.[21]

The company announced their decision to go public in April 1999.[22] 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.[23] Microsoft moved quickly to acquire a minority stake in the company in exchange for using the company's database on their own web portal.[24][25]

After being purchased in a joint venture by Knight Ridder and Tribune Company in July 2000[26] for $8 a share[27] 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.[28]

In 2001, major newspapers owned by Knight Ridder and the Tribune Company merged their help wanted sections with the online component.[29]

Robert McGovern was replaced as CEO in March 2002 by Robert Montgomery.[30] Gannett purchased a one-third interest in the company for $98.3 million in 2002, adding the CareerBuilder brand to its 90 newspapers nationwide.[31] 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.[32]

Awards

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

Consumer complaints

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 Peachtree Corners, 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.[33]

See also

References

  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. ↑ Wilkerson, David B. "CareerBuilder to launch $250 million ad campaign", MarketWatch, January 22, 2008. Accessed February 6, 2008.
  4. ↑ Wauters, Robin (5 May 2011). "CareerBuilder Expands To Southeast Asia With Purchase Of Singapore's Jobscentral". TechCrunch. Retrieved 1 October 2012.
  5. ↑ Rahn, Cornelius (14 September 2011). "Deutsche Telekom Sticks to Internet Plan After JobScout24 Sale". Bloomberg. Retrieved 1 October 2012.
  6. ↑ Raphael, Todd (1 April 2014). "CareerBuilder Buying Broadbean". ERE. Retrieved 14 July 2014.
  7. ↑ 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."
  8. ↑ "CareerBuilder: About Us". Retrieved 20 January 2012.
  9. 1 2 "CareerBuilder Timeline". Retrieved 20 January 2012.
  10. ↑ "CareerBuilder Acquires Economic Modeling Firm". Talent Management. 11 September 2012. Retrieved 1 March 2013.
  11. ↑ "About - RightSkill". RightSkill. Retrieved 2017-01-13.
  12. ↑ "CareerBuilder expands into background screening and drug-testing with Aurico acquisition". www.aurico.com. Retrieved 2017-01-13.
  13. ↑ "CareerBuilder expands into employee benefits and talent management with Workterra acquisition". VentureBeat. Retrieved 2017-01-20.
  14. ↑ "CareerBuilder new title sponsor of former Bob Hope Classic". PGATour. Retrieved 2017-01-20.
  15. ↑ "comScore Media Metrix Ranks Top 50 U.S. Web Properties" (pdf). second page: comScore.com. January 2013.
  16. ↑ Wilkerson, David B. "CareerBuilder to launch $250 million ad campaign", MarketWatch, January 22, 2008. Retrieved February 6, 2008.
  17. ↑ Rajiv Chandrasekaran, “Tapping Into a Web of Aspirations; NetStart Helps Firms With Online Job Hunts”, The Washington Post, Dec. 30, 1996, pg. F13
  18. ↑ 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
  19. ↑ 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
  20. ↑ ”Building a Career Path”, The Washington Post, Jan. 19, 1998, pg. F05. Retrieved December 12, 2008
  21. ↑ Michael Selz, “Financing Small Business: Computerized Employee-Search Firms Attract Investors”, The Wall Street Journal, Jan. 13, 1998, pg. 1. Retrieved December 12, 2008
  22. ↑ 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
  23. ↑ Jerry Knight, "TECH INVESTOR; Reston Firm Holds IPO", The Washington Post, May 13, 1999, pg. E04. Retrieved December 12, 2008
  24. ↑ Job Search. Retrieved 21 May 2014.
  25. ↑ John Schwartz, "Microsoft Buys Into Reston Firm; Stake in CareerBuilder Adds Job Database to Web Portal", The Washington Post, May 25, 1999, pg. E02
  26. ↑ ” 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
  27. ↑ Amy Joyce, Peter Behr,"CareerBuilder of Reston Sells for $200 Million", The Washington Post, Jul 18, 2000, pg. E01. Retrieved December 12, 2008
  28. ↑ 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
  29. ↑ Christopher Stern, "CareerBuilder to Buy Competing Web Site", The Washington Post, Aug, 27, 2001, pg. E05. Retrieved December 12, 2008
  30. ↑ Cynthia L. Webb, "CareerBuilder Under New Management :[FINAL Edition]", The Washington Post,Mar 5, 2002, pg. E05. Retrieved December 12, 2008
  31. ↑ Stuart Elliott, "Gannett Buys Interest In CareerBuilder", The New York Times (Late Edition (east Coast)), Oct. 4, 2002, p. 6. Retrieved December 12, 2008
  32. ↑ 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
  33. ↑ "Scam Targets Job Hunters on Careerbuilder.com". Consumer Affairs. Retrieved 21 May 2014.
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