As Demand for STEM Jobs Continues to Climb, STEM Skills Gap Widens Among Diverse Workers

  As Demand for STEM Jobs Continues to Climb, STEM Skills Gap Widens Among
  Diverse Workers

   Research conducted by Harris Interactive® and Monster® reveals critical
 diversity recruiting challenges in the Science, Technology, Engineering and
                           Mathematical professions

Business Wire

MAYNARD, Mass. -- December 11, 2012

In recognition of the value that a diverse workforce brings to business today,
Monster.com®, the worldwide leader in connecting people to job opportunities
and the flagship brand of Monster Worldwide, Inc. (NYSE: MWW), asked Harris
Interactive®, a leading market research firm to conduct research that examines
the importance of diversity recruiting in the Science, Technology,
Engineering, Mathematical (STEM) professions.

It is widely acknowledged that STEM professions pose a recruiting challenge
for many employers. When recruiting diverse candidates for STEM professions,
an even greater challenge emerges. Although well along the way to realizing
and embracing the benefits of diversity and inclusion, Monster survey
participants indicated that they are not fully at their goal of STEM
diversity. These responses align with current figures in diversity
representation in STEM professions. Today, non-Hispanic Whites constitute
approximately 73% of the STEM workforce of which 27% are women; collectively,
African Americans and Hispanic/Latinos constitute about 7% of the STEM
workforce, despite making up more than 27.9% of the population. These
structural shortages, uncovered in our qualitative research, are derived from
a variety of factors including candidate location, cultural barriers within
diverse communities that include a paucity of role models in STEM occupations,
as well as a lack of discussion of these professions in the communities’
educational environments.

“STEM positions are among the fastest growing occupations. Unfortunately,
current skills gaps prevent organizations filling STEM positions with diverse
candidates,” said Jeffrey Quinn, Vice President, Global Monster Insights. “The
limited supply of qualified candidates is a fundamental issue organizations
face in diverse STEM recruitment. If this gap continues to widen, the low
number of diverse professionals in STEM occupations will create a challenge in
the demand for global STEM education, employment and funding.”

Hiring Managers and recruiters with direct responsibility for recruiting and
hiring diversity candidates overwhelmingly believe that effective diversity
recruiting requires the strategic, long-term execution of a deliberate and
multidimensional plan. This group also believes that the most effective
recruiters employ many techniques to create a “pipeline” of diverse candidates
who are accessible and interested in their companies.

“Workplace diversity is a vital strategy for building a strong business,” said
Lise Poulos, EVP and Chief Administrative Officer, Monster Worldwide. “At
Monster, we consider diversity and inclusion to be paramount to our success
and we leverage it in our own workforce as a strategic advantage.”

Monster commissioned Harris Interactive to conduct an online survey in August
2011 in which more than 400 Chief Diversity Officers or SVPs of Human
Resources participated from a representative group of companies involved with
architecture and engineering, computer and mathematics or life, physical and
social science disciplines. Additionally, Monster conducted in-depth
interviews with diversity and human resources executives.

For full research findings and additional best practices in workforce
management and workforce diversity, please visit our Resource Center.

About Monster Worldwide

Monster Worldwide, Inc. (NYSE: MWW), parent company of Monster®, is the
worldwide leader in successfully connecting people to job opportunities. From
the web, to mobile, to social, Monster helps companies find people with
customized solutions using the world's most advanced technology to match the
right person to the right job. With a local presence in more than 40
countries, Monster connects employers with quality job seekers at all levels,
provides personalized career advice to consumers globally and delivers vast,
highly targeted audiences to advertisers. To learn more about Monster's
industry-leading products and services, visit http://www.monster.com. More
company information is available at http://about-monster.com.

Contact:

Monster Worldwide
Kristen Gugliotta, 978-461-8089
kristen.gugliotta@monster.com
 
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