As graduate unemployment bites harder, some dubious recruitment agencies in urban areas are smiling to the bank as they exploit desperate job seekers. MOTUNRAYO ABODERIN in this report, highlights the antics of these firms and what job seekers should look for before patronising a job recruitment agency.
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It’s now official; our graduates are starting their career journey more stressed that earlier anticipated. We have some going for as long as 10 years without a job, only a pile of certificates to show, and what’s even worse is that in the struggle to fight joblessness, many are ending up with countless diplomas and degrees that add nothing else but frustrations.
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Monster Worldwide reported revenues of $229 Million, a 7 percent increase from last year, according to a press release posted yesterday.
Included in the financial report were numbers from the acquisition of Yahoo! HotJobs, completed on August 24, 2010. The company’s third quarter financial results were supplemented with five weeks of HotJobs’ results.
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Monster, best known for its online employment website, has just announced that it has acquired Yahoo HotJobs from the Internet giant for $225 million in cash. Yahoo and Monster have also entered a 3 year traffic deal as part of the acquisition.
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Graduate employer BSkyB has announced that it has added 96,000 customers in the first three months of its financial year.
The figure moves the UK satellite broadcaster closer to its target of reaching 10 million customers by the end of the year.
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Seattle-based Recruiting.com has been purchased by AZ-based job site Jobing.com for an undisclosed amount, according to a report on TechFlash yesterday.
The acquisition was completed at the end of July.
Recruiting.com, formerly known as Jobster, was founded in 2004 by Internet entrepreneur Jason Goldberg. Recruiting.com went on to raise over $55 million in venture capital funds from Ignition Partners, Reed Elsevier Ventures, Trinity Ventures, Mayfield Fund and others.
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