About HotJobs
HotJobs was an online job board for people to hunt for job opportunities posted by employers. The site featured jobs from many locations across the United States and abroad, and used a system that allowed job-seekers to create an employment profile and use it to look for work. As of early 2011, HotJobs was integrated into the larger jobs website, Monster.com.
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Founding
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HotJobs was originally known as the RBL Agency when it was first founded in 1996. This company would eventually turn into the Online Technical Employment center, which at the time focused almost exclusively on jobs in the technology sector. The company changed its name to HotJobs and started adding new job categories in 1997. HotJobs would run for five years with rapid growth, thanks to what was seen as creative marketing and a surging demand for online job searches.
Acquisition by Yahoo
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In 2002, HotJobs was acquired by Yahoo for around $436 million. This was the result of a brutal acquisition war with fellow job search engine Monster.com, which saw the HotJobs as one of its primary competitors. Users of HotJobs could upload important information about their qualifications and employment history and use this profile to hunt for new jobs. Employers could list openings at a small fee, with a range of payment options available for different ad listings.
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Monster.com
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In February 2010, Monster.com bought HotJobs from Yahoo for a reported $225 million. Once the acquisition was made official, all users of HotJobs were given the opportunity to take their data over to the Monster.com system. In early 2011, the HotJobs website was taken down, and all links are now forwarded to addresses at Monster.com. Users that had not opted to import their data by this time must create new profiles on Monster.com.
Benefits of the Merger
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Though the overall benefit of the Monster.com acquisition is yet to be seen, Monster.com says that combining the two services will result in more job opportunities for users and more potential employees for companies to review for open positions. Taking all of the job postings from two large sites and putting them in one location will lead to a wider range of choices for those on the job hunt, according to the company. However, people who liked the HotJobs layout or profile setup may be unhappy with the new changes. As it stands, all job postings from HotJobs are now on Monster.com.
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References
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Comments
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