LAS VEGAS, Jan 08, 2014 (BUSINESS WIRE) — Today, at the 2014 International CES(R), leaders from top U.S. technology industry trade associations announced the launch of USTechVets.org, an online community to connect the one million service members who are transitioning back into civilian life to employment opportunities within the technology industry. Sponsored by the Consumer Electronics Association (CEA)(R), the Northern Virginia Technology Council (NVTC) and Monster Worldwide, Inc Monster.com, U.S. Tech Vets’ seeks to facilitate veterans’ transition to civilian careers, reduce veteran unemployment and provide America’s veteran workforce access to jobs within the technology industry. Owned and produced by CEA, the 2014 CES, the world’s gathering place for all who thrive on the business of consumer technologies, runs Tuesday, January 7 through Friday, January 10. Read more
Posts Tagged ‘6Sense’
Miriam Salpeter of US News recently reported, “The Bureau of Labor Statistics recently reported there were 12.8 million unemployed, but 3.7 million unfilled positions. Despite the fact that there are approximately 40,000 job posting sites online, job seekers are challenged to find the best opportunities for them, and employers struggle to identify the best candidates. Job seekers who want to increase the relevancy of their search results and increase the chances of being found can take advantage of a relatively new high precision job search technology on the job search scene, known as semantic search.” Read more
Monster has signed a $20 million deal with the Department for Work and Pensions (DWP) in the United Kingdom. Under the deal, Monster will provided “managed online vacancy listing, filling and automated job matching service”, Monster.co.uk announced on its site today.” Monster CEO Sal Iannuzzi commented, “In Europe we are optimistic about building a meaningful business with European governments. Last year, we started an effort to expand out successful U.S. government business on a global basis. Just this week we completed a major new contract with the DWP valued in excess of $20 million. This is an important, initial accomplishment in developing a global government business.” Read more
The April jobs report isn’t expected to have much in it that will show we’re on track to drive down the nation’s 8.8 percent unemployment rate, with gains predicted to be just a tad under 200,000 jobs. All the more reason, perhaps, to see if semantic technology can help job-seekers make a match.
Last week we looked at one semantic effort to improve the odds of getting a job. This week, we’ll take a look at Monster Worldwide, which just reported a $78,000 profit for the quarter ending March 31, up from a loss of $24.2 million a year earlier. Since acquiring job search service Trovix in 2008, Monster has been adapting the 6Sense semantic search technology it got in the deal to its employment marketplace, first with Power Resume Search for the HR set and then with job seekers themselves.
It debuted within the last month the most recent iteration of the latter, which adds to core search results additional job titles users might not have considered that are highly coordinated with their skills, as well as other skills that closely-linked jobs require. “The intention there is that if you look at the search problem from the job seeker standpoint, we noticed job seekers tend to get boxed in. they put in what they know,” says Javid Muhammedali, who leads Monster’s semantic search efforts. So they usually get back a limited number of precise, keyword-focused matches in return. “So they’re not looking at all the options that are available. As we build out variations going forward for job seekers, we give them variance for what they’re looking at so they can extend their horizons a bit.”