Monster Talks Up its New Search Technology

Popular jobs site Monster.com has introduced a new semantic search technology called 6Sense, which it says delivers "precision matches" for job seekers and employers. The technology powers Monster's Power Resume Search, Candidate Spotlight and Seeker Job Search.

The technology was developed through Monster's acquisition of Trovix back in 2008. Monster says it utilizes intuitive, concept-based searching, with a "human-like understanding" of the recruiting process and hiring needs. It understands job titles, skills, experience level, industries, education, and the hierarchy of concepts. According to Monster, this helps it evaluate a candidate's work experience like a recruiter would in just a fraction of the time.

"While traditional keyword search engines are limited in their ability to distinguish concepts and meanings of words and cannot address things like recent vs. dated experience, the intelligence of the 6Sense technology contextually interprets the meaning behind words and concepts rather than relying on the narrow, literal meaning of keywords," Monster says.

"The 6Sense semantic search technology is an extension of our investment in many technology innovations we've delivered over the past two years," said Darko Dejanovic, executive vice president, Global CIO and head of product for Monster. "We've continued to invest significantly in technology, product and infrastructure to completely revamp the talent and job search experience. This investment has consistently delivered significant improvements and value to our customers, saving them time and money by simplifying the process of identifying and evaluating qualified candidates, thus allowing more informed hiring decisions."

Monster's new search technology comes at a time when a massive amount of people in the U.S. are desperate to find jobs. Monster.com gets over 40 million unique monthly visitors in the U.S. according to data from Compete.

"Hiring is fundamental to the economic recovery. Technology can play a significant role in helping businesses mitigate the burdensome costs and resources associated with bringing on the people they need," said Monster Chairman, President and CEO Sal Iannuzzi. "I hear from our customers that their businesses have jobs that they desperately need to fill and yet don’t have the resources to make that a reality. 6Sense technology changes all of this, facilitating the hiring process so that better matches are made more efficiently thereby getting people back to work more quickly."

The technology is there for employers and job seekers alike. Monster claims it provides more relevant results because seekers don't have to type exact terms in the job title to match.

Monster says that in addition to its advances in search, it is also continuing to invest in advanced technologies such as semantic clustering algorithms and machine learning in "domain appropriate" ways.
 

Have You Read This?

> Monster Establishing 19 New Recruitment Sites

> Director Steps Off Monster's Board

> Monster Buys Affinity Labs For $61 Million Cash

Monster Talks Up its New Search Technology

Popular jobs site Monster.com has introduced a new semantic search technology called 6Sense, which it says delivers "precision matches" for job seekers and employers. The technology powers Monster's Power Resume Search, Candidate Spotlight and Seeker Job Search.

The technology was developed through Monster's acquisition of Trovix back in 2008. Monster says it utilizes intuitive, concept-based searching, with a "human-like understanding" of the recruiting process and hiring needs. It understands job titles, skills, experience level, industries, education, and the hierarchy of concepts. According to Monster, this helps it evaluate a candidate's work experience like a recruiter would in just a fraction of the time.

"While traditional keyword search engines are limited in their ability to distinguish concepts and meanings of words and cannot address things like recent vs. dated experience, the intelligence of the 6Sense technology contextually interprets the meaning behind words and concepts rather than relying on the narrow, literal meaning of keywords," Monster says.

"The 6Sense semantic search technology is an extension of our investment in many technology innovations we've delivered over the past two years," said Darko Dejanovic, executive vice president, Global CIO and head of product for Monster. "We've continued to invest significantly in technology, product and infrastructure to completely revamp the talent and job search experience. This investment has consistently delivered significant improvements and value to our customers, saving them time and money by simplifying the process of identifying and evaluating qualified candidates, thus allowing more informed hiring decisions."

Monster's new search technology comes at a time when a massive amount of people in the U.S. are desperate to find jobs. Monster.com gets over 40 million unique monthly visitors in the U.S. according to data from Compete.

"Hiring is fundamental to the economic recovery. Technology can play a significant role in helping businesses mitigate the burdensome costs and resources associated with bringing on the people they need," said Monster Chairman, President and CEO Sal Iannuzzi. "I hear from our customers that their businesses have jobs that they desperately need to fill and yet don’t have the resources to make that a reality. 6Sense technology changes all of this, facilitating the hiring process so that better matches are made more efficiently thereby getting people back to work more quickly."

The technology is there for employers and job seekers alike. Monster claims it provides more relevant results because seekers don't have to type exact terms in the job title to match.

Monster says that in addition to its advances in search, it is also continuing to invest in advanced technologies such as semantic clustering algorithms and machine learning in "domain appropriate" ways.
 

Have You Read This?

> Monster Establishing 19 New Recruitment Sites

> Director Steps Off Monster's Board

> Monster Buys Affinity Labs For $61 Million Cash

Come and take the home-based MLM business opportunity ride

Is it possible to enter into a home-based MLM business opportunity over the Internet? Why not? The “yes” will answer you right in front of your face. Everything is possible with the participation of Internet especially in the modern business transactions.

But is home-based MLM business opportunity feasible and profitable? How can one succeed in this kind of business?

Are you ready to take a ride into the four-step procedures toward a successful home-based MLM business?

Here they are:

Step number 1. Recruit First

Why do you have to recruit first instead of doing other things?

Home-based MLM business opportunities are network marketing. It is composed of uplines and downlines.

Uplines are independent representatives who recruit another independent representative which they will use in the direct selling of goods and services to customers. Put simply, the recruiter is the upline. They get their commission on the sales of the other independent representatives.

On the other hand, the recruited independent representatives are the downlines. Home-based MLM business opportunity is a commission-based joint effort of uplines and downlines.

That is the main reason why both uplines and downlines must work together. Without the other, the whole business force will be paralyzed. It will not function.

What does this mean? Both parties share the same level of importance or significance to the group. Try to imagine a home-based MLM business opportunity without uplines and downlines? It does not seem right, isn’t it? You’re going to have these four (4) “NO”:

If you do not have recruited independent representatives or if they are not working effectively, there will be no income, no consumption of products and services, no one to market the products and services and no one will cater the customers.

Step number 2. Maintain the minimum sales required.

Home-based MLM business opportunities are so simple yet requires careful analysis of the sales income. You have to be a mathematician on this part to be able to tally your expenses and revenues.

Everyday, independent representatives market the products and services. So make it a habit to tally the income entering everyday and the expenses leaving every hour.

Step number 3. Monitor the consumption of products and services.

Check your inventory. There is no further explanation needed as it is stated clearly enough. This simply means maintaining the minimum stock of products available to avoid having an empty or void stock.

Step number 4. Train your downlines regularly.

In every field, learning is always a requirement. Even if you are a teacher, you still need to study and learn.

The thing here is to have a constant training schedule for the downlines. Study shows that a well-instructed downline creates a big difference than the downline with stagnant information in mind.

Constant study really pays at the end. Some of the recommended topics are proper customer treatment, how to communicate effectively, business ethics, and everything that is needed to help them as well as your home-based MLM business.

If you have already taken into account all the procedures needed to have a successful home-based MLM business opportunity, you are now ready towards establishing that career path.

The formulas are already in your hands. All that is needed now is to get it into effect. The only thing missing to complete the home-based MLM business opportunity is you.