Job Search Portal monster.com is now foundit; Rebrands itself into a Talent Management Platform
According to the job platform, it will provide comprehensive solutions to recruiters as well as highly personalized and contextual services to job seekers from Asia Pacific and the Middle East.
monster.com, a homegrown job portal, has announced plans to rebrand as foundit and add new functionalities aimed at a new-age job market. To serve jobs to its users, the company intends to use artificial intelligence (AI), data, and analytics. Monster claims to serve over 70 million job seekers and has 10,000 corporate clients in 18 countries.
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Quess Corp. owns the businesses of Monster Worldwide, the parent company of monster.com, in India, South East Asia, and the Middle East. For the time being, only the India, Southeast Asia, and Middle East businesses will be rebranded to foundit. The rebranding has been in the works since Quess took over Monster, but it has been put on hold due to the pandemic and other factors.
According to Sekhar Garisa, CEO of foundit, the pandemic has fundamentally changed the way people work and businesses hire. “We have had the privilege of witnessing the talent acquisition landscape transform over the last three decades, providing us with an unparalleled depth of recruitment insights.” The platform of the future must accommodate a highly dynamic job market, skill-based hiring, and changing career expectations. “We are excited to announce a new direction for Monster, moving away from simply facilitating job and candidate discovery and toward significantly improved talent management outcomes,” he said.
“As an institution, steadfast on our commitment to formalize jobs in India, we have been focusing on building a product-led portfolio that can help democratize access to formal employment across White, Blue, and Grey collar workers,” said Ajit Isaac, founder and Non-Executive Chairman of Quess Corp, foundit’s parent company.
As per Isaac, over the last few years, organizations have experienced the ‘Great Resignation’ and the ‘Great Regret,’ which have resulted in mass hiring at an unprecedented rate. However, as the market settles, he predicts that hiring will become much more focused, focused, and skill-based. “Such precision can only be achieved through the combination of human ingenuity and technology,” he adds.
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As part of its brand evolution, foundit is refocusing on the platform’s users to provide the ideal career experience. The company intends to offer recruitment solutions unrivaled by any other player in the market by leveraging disruptive technology for precision hiring to superior UI. Personalized job discovery and enablement solutions are one of the key features that job seekers can expect. Candidates will receive results and recommendations tailored to their educational background, employment experience, and validated skills using foundit.in’s customized search results feature. Other features include a community-led mentorship marketplace, skill validation through assessments, a mobile-first user interface, personalized recommendations, and self-improvement tools such as upskilling courses.
foundit is transforming into a platform that reflects and adapts to the diversity of the global job market as the market leader in offering recruitment solutions to the best in business. For recruiters, it will provide the most comprehensive data set for each candidate, as well as insights and analytics to make the process more efficient and customized to each role’s requirements. The new interface and features enable recruiters and candidates to interact in a more seamless and intelligent manner.
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