Job search portal Monster.com has transformed into to a full-fledged talent platform and will be known as ‘foundit’ with a new logo and vision.
As the company now transforms itself to an end-to-end talent platform, it will offer comprehensive solutions to recruiters and highly personalised and contextual services to job seekers across Asia Pacific and Middle East. The transition is in line with the company’s mission towards connecting the right talent with the right opportunities, the company said in a statement.
Synonymous with recruitment, Monster has been serving more than 70 million job seekers and 10,000 customers spread across 18 countries.
“Technology is leading disruption across sectors and talent acquisition is no exception. The pandemic has fundamentally changed the way we work and the way we hire. We have been privileged to witness the talent acquisition landscape evolve over the last three decades, giving us an unparalleled depth of insights into recruitment. The platform of the future needs to cater to a highly dynamic job market, skill-based hiring and changing expectations from careers. We are excited to unveil a new direction for Monster from simply facilitating job and candidate discovery to enabling significantly better talent management outcomes,” said Sekhar Garisa, CEO foundit.
“As an institution, steadfast on our commitment to formalise jobs in India, we have been focusing on building a product-led portfolio that can help democratise access to formal employment across White, Blue and Grey collar workers. Over the last couple of years, organisations experienced everything from the Great Resignation and the Great Regret leading to mass hiring at an unprecedented pace. But now as the market settles, hiring is going to be a lot sharper, focused and skill based. Such precision can only be achieved through the combination of human ingenuity and technology and this is what we have to offer our recruiters and job seekers through foundit.in,” added Ajit Isaac, founder and non-executive chairman of Quess Corp and foundit.
In 2018, Quess Corp acquired Monster Worldwide’s APAC & ME businesses as a strategic investment to strengthen its HR services portfolio, and has been operating in India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, UAE and Saudi Arabia.
In 2021 Monster raised ₹ 137.5 crore in a funding round led by investors Akash Bhanshali of Volrado Venture Partners and Mohandas Pai of Meridian Investments to fuel its product led offerings and market expansion.
As part of its brand evolution, foundit is placing renewed focus on the users of the platform to bring forward the perfect career experience.
By leveraging disruptive technology for precision hiring to superior UI, the company aims to offer recruitment solutions unrivalled by any other player in the market. One of the key features that job seekers can look forward to is personalised job discovery and enablement solutions.
With foundit.in’s customised search results feature, candidates will receive results and recommendations that are curated to their educational background, employment experience and validated skills. Other features include community led mentorship marketplace, skills validation through assessments, mobile first UI, personalised recommendations, and self enhancement tools like upskilling courses.
Image: LtoR: Sekhar Garisa, CEO- foundit (previously Monster), Ajit Isaac, non-executive chairman - Quess Corp and foundit, and investor Mohandas Pai unveil Monster’s new identity as ‘foundit’ in Asia Pacific and the Middle East.