hotjobs

Monster buys Yahoo's HotJobs for $225 million

Yahoo has shed another property deemed expendable by CEO Carol Bartz, selling HotJobs to Monster for $225 million.

Part of the deal includes a provision that installs Monster as the exclusive provider of job ads on Yahoo's home page for three years in the U.S. and Canada, according to a joint press release. In addition, Yahoo will receive annual payments from Monster based on traffic metrics, allowing it to bank some job-search related revenue for a few years without having to actually run the operation.

"The sale of Yahoo HotJobs to Monster, and the three-year traffic agreement … Read more

Five career sites to help you in your job search

If you're looking for a new career, don't waste your time with the newspaper. There are a slew of outstanding job search sites across the Web that make it easier to find the career of your dreams.

Here are five prominent job search sites worth looking at, and why. See also our reviews of five lesser-known job search services.

CareerBuilder CareerBuilder is one of the largest job search sites on the Web, but it's also one of the best. Combining millions of listings with extras like resume help and free career tests, the site is an ideal job search service.

CareerBuilder may feature a slightly cluttered home page, but with all the features it offers, it needs to. The site goes beyond simple job searching and allows you to browse by industry or work with partner sites to get personalized help in finding the perfect career. It even remembers your location after you leave the site, so you'll automatically be updated with new job listings every time you return.

Overall, I was impressed by CareerBuilder's bank of jobs. Searching for every job listing within 10 miles of New York City yielded more than 12,000 available positions. When I searched for accounting jobs within 10 miles of the city, it returned more than 2,500 listings. To some, that may be overwhelming and scrolling through them may be difficult. I understand that, but I'm a firm believer that the more jobs there are, the better the chances of finding the right fit. That said, I found that approximately 15 of the listings I examined were old and almost 20 others weren't available after I clicked on them. Maybe the site needs to do a better job of removing stale listings.

CareerBuilder also features a "Narrow Search" function under the search field, which allows you to pick specific companies, locations, and categories. It's a useful function that cuts down on search time and significantly improves your ability to focus on a handful of positions you're interested in. But if you're unsure which company you'd like to work for or exactly where you'd want to work, this feature probably won't come in handy.

Indeed

Although Indeed isn't nearly as popular as competing services like CareerBuilder and Monster, the site is simple and easy to use, making it an ideal choice for online job searchers who don't want all the extras you'll find elsewhere.

With the help of a simple layout--two search fields and nothing else--Indeed makes it easy to search for a job in any given area. Indeed allows you to search online job listings, newspapers, and other job boards, but it also provides salary information, forums to connect people of similar interests, and a job trends search field that offers solid insight into the state of any industry.

I used Indeed to search for jobs in fields ranging from accounting to law and it worked well. It even did a fine job of finding obscure positions like volleyball instructors and piano lesson tutors. In fact, I found that Indeed had more job listings than its major competitors in most of the searches I performed.

But if you're looking for extra features like resume guidance, Indeed isn't the ideal destination. It does have some extras, but most of them fail to compare on any level to those offered by competing services.

Monster Monster is a well-known site that has solidified its position as a major force in the job search market. But the site's suspect design and relatively few search results leave much to be desired.

If Indeed offers the simplest design, Monster's is the most cluttered. The site sports a basic job search field next to a location search, but below that, the page is inundated with ads, extra job search features that the average user may not care about, and a worrisome warning from the company saying its database was illegally accessed and sensitive data was stolen. Needless to say, it doesn't instill confidence.

When I started searching for job listings in New York, I was surprised that Monster only returned 5,000. Thinking it was a small issue, I then looked for accounting jobs in the city and the service only returned 544 active listings. That's less than half of what CareerBuilder and Indeed returned, but it should be noted that unlike CareerBuilder's results, every Monster listing I read was active. Unfortunately, Monster doesn't offer a "narrow search" function like CareerBuilder, so finding a specific company's listings was made more difficult than it could have been. That said, I was happy with how quickly the site returned search results. It was the fastest in this roundup.

Where Monster really shines is in its extras. The site features tons of career advice, resume help, interview guides, and application history so you can see which jobs you've applied for. One of the best features on the site is Monster's Career Benchmarking tool, which asks for information about you and determines where you stand in your field as compared to your colleagues. It's a great way to find out if you're achieving your career goals.… Read more