Event: ERE Expo
When: April 17-19, 2007
Where: Marriott San Diego Hotel & Marina
What: ERE Expo brings together recruiting and staffing experts to discuss
issues in the talent acquisition arena. This is the seventh annual ERE Expo
event, and it also includes the ERE Recruiting Excellence Awards.
Day 1—Tuesday, April 17, 2007
ERE’s Recruiting Excellence Awards was an event to remember for Aimco. The
Denver-based real estate company won two awards—Most Effective Use of Staffing
Metrics and Best Employee Retention Program/Practices—during the opening-night
awards ceremony. Aimco was nominated for four awards in total, outshining such
big names as Starbucks and Microsoft.
Neal Bruce, VP of alliances at Monster, was the master of ceremonies for the
evening’s black-tie event, which was packed with excited attendees. The wine was
flowing—perhaps too much. Bruce had a difficult time getting the crowd to stop
the chatter. "Hello, there is a 6-foot 7-inch guy standing up on stage," he
said. "Let’s focus."
Day 2—Wednesday, April 18, 2007
Arte Nathan’s opening keynote speech revved up the crowd. Nathan, the colorful
former longtime senior VP and chief human resources officer for Wynn Resorts in
Las Vegas, kicked things off by confessing that he is changing his ways and is
eliminating his self-proclaimed title of HR’s shock jock.
"After [Don] Imus’ debacle last week, I’m cleaning up my act," he said. "No more
four-letter words for me."
Jokes aside, Nathan turned serious when he began talking about his golden rule
of HR: Treat others the way you would like to be treated. He also urged the
audience to put the "human" back in human resources.
"I’m a fan of technology," says Nathan, who now is vice president of HR for real
estate firm Irvine Co. in Irvine, California. "But more than anything, I’m a fan
of what humans can do with that technology."
He also insists that recruiters should walk the walk when it comes to pushing
diversity in the workplace.
"It is not just about bringing in women and older workers," Nathan noted. "There
are other groups that are also excluded, such as ex-cons or ex-gang bangers."
For the most part, Nathan kept his promise of staying away from four-letter
words, though his explanations indeed were colorful.
"I’m an old dog," he said. "And you know what they say about teaching us new
tricks."
ERE conference hosts appeared to pull the plug on a much-anticipated verbal
throwdown between blogger Joel Cheesman and Jobster CEO Jason Goldberg, a
sponsor of the event. The original rules of the match: Cheesman was supposed to
be able to pose any five questions to Goldberg about his company. However, he
barely eked out four questions. It isn’t clear whether the grilling was cut
short to keep the event on schedule or because the questions were getting too
intense.
Shortly after question No. 2, in which Cheesman asked whether the exodus of
high-level executives at Jobster was an indication of rats jumping from a
sinking ship, music began playing and an announcer reminded the audience that
the main presenter would be starting promptly at 9 a.m. There was uncomfortable
chuckling in the room, then they quickly powered through two more questions.
Peter Zollman’s presentation shed light on how
recruiters can be more effective by using tools other than newspapers to
advertise. He mentioned everything from Web aggregators, such as Indeed.com and
SimplyHired, to niche sites such as Lawjobs.com and Builderjobs.com. Some of his
favorite sites: BostonWorks.com, ChicagoJobs.com, Knoxjobs.tv and
Nailtheinterview.com. For recruiting in the U.K., Web site Bebo is useful,
Zollman said, while in Brazil, Orchid is a must.
Jim Cramer, host of the popular business TV show
"Mad Money," caused quite a stir in mid-April within the job board industry when
he identified Monster Worldwide as a potential takeover target. Cramer urged newspaper
giant Gannett Co. Inc. to call its bankers immediately and put in a bid for Monster.
Cramer believes such an acquisition would give Gannett a much-needed shot in
the arm and provide a way to remain relevant in today’s Internet-driven marketplace.
Yet, what are the chances of such a multibillion-dollar deal ever happening?
It depends on who you ask. And there was plenty of speculation during the conference,
although Neil Bruce, vice president of alliances at Monster, says that the company
is not positioning itself to be a takeover target. Despite its lackluster stock
price, an options backdating scandal and the recent shuffle in leadership, Monster
is in it for the long haul, he says.
"Selling is just not our strategy," he says.
Others, however, see troubled waters ahead for Monster.
"I can see Monster being acquired," says Kevin Wheeler, president of Global Learning
Resources, a Fremont, California, consulting firm. "But it wouldn’t be a good buy
because it is not a business in growth mode."
According to Wheeler, all the big job boards are facing serious hurdles brought
on largely by smaller but highly effective competitors, including niche job sites
and social networking platforms.
Most recruiting industry experts contend that if Monster were to be acquired,
Gannett wouldn’t be the buyer.
"It just wouldn’t make any sense because Gannett already owns CareerBuilder,"
says Peter Zollman, founding principal of Classified Intelligence. Just because
Gannett isn’t a likely buyer doesn’t mean that other contenders won’t step up, he
explains. Google and Fox Interactive are two media companies large enough to absorb
Monster.
"Yet, nothing would surprise me," he says.
For his part, Gerry Crispin, a principal of Kendall Park, New Jersey-based CareerXroads,
doubts a sale of Monster is in the cards.
"They wouldn’t get the price that they would be willing to sell for," Crispin
says.
He also believes Monster has a strong lineup of products in the pipeline and
it would hold out on selling until it reaps the rewards of these efforts because,
if successful, they can bolster the value of the company.
"They have great aspirations for the future," Crispin says.
For now, Monster is focusing on its product launches and on firming up its alliances
with print publishers, which provide access to small markets throughout the country.
Neil concedes that market forces ultimately will dictate what happens.
"I suppose everything has a price," he says.