Type of site Job search engine Key people Matt Ferguson (CEO) | Available in Multi-Lingual Revenue US$556 million (2010) | |
Headquarters Chicago, Illinois, United States Owner Tegna Digital
Tribune Media
The McClatchy Company | ||
CareerBuilder.com, operated by CareerBuilder, is one of the most visited employment websites in the United States as ranked by Alexa (see the Alexa ranking in the infobox to the right). A provider of rankings of the amount of unique viewers per month—comScore Inc—in January 2013, ranks CareerBuilder.com second behind Indeed.com and in January 2008 the market share of help-wanted web sites by CareeBuilder in the United States was 34%. CareerBuilder.com provides labor market intelligence, talent management software, and other recruitment solutions, including online career search services for more than 1,900 partners as of March 2008, including 140 newspapers and portals such as AOL and MSN.
Contents
CareerBuilder operates sites in 23 countries outside the U.S., and has a presence in over 60 markets. In 2011, CareerBuilder acquired JobsCentral in Singapore and JobScout24 in Germany. In 2014, CareerBuilder acquired recruiting technology company Broadbean in the U.K.
CareerBuilder also owns and operates several niche job search sites including Sologig.com, Headhunter.com, CareerRookie.com, MiracleWorkers.com, WorkinRetail.com and JobsInMotion.com.
CareerBuilder is jointly owned by Tegna Digital, The McClatchy Company and Tribune Media.
Company information
CareerBuilder is headquartered in Chicago, Illinois, with IT headquarters in Peachtree Corners, Georgia, an international headquarters in London, England, has about 3,000 employees globally, and is under the leadership of CEO Matt Ferguson. It was founded in 1995.
After several years of profit, CareerBuilder.com suffered challenges related to the economic downturn in 2002 and 2008. The company announced layoffs in December 2008, affecting approximately 300 employees. [1]
CareerBuilder has regained strength after the turn of the global economy and has maintained its lead as the largest online employment company in North America. In September 2012, the company acquired Economic Modeling Specialists Intl., an economic modeling software firm based in Moscow, Idaho.
In 2016 CareerBuilder and Capella University launched the RightSkill program. The company also expanded into background screening with the acquisition of Aurico and post-hire software with the acquisition of WORKTERRA.
Ad campaigns
CareerBuilder has released several successful online ad campaigns. Such as Monk-e-Mail, a once popular site used to send amusing messages to other people with Twitter or email.
In 2015 CareerBuilder became the title sponsor of the former Bob Hope Classic and renamed the PGA tournament the CareerBuilder Challenge.
History
CareerBuilder was founded by Robert J. McGovern in 1995 as NetStart Inc. selling software to companies for listing job openings on their Web sites and the ability to manage the incoming e-mails those listings created. After an influx of two million dollars in investment capital the company transported this software, named CareerBuilder to its own web address, at first listing the job openings from the companies who utilized the software. NetStart Inc. changed its name in 1998 to operate under the name of their software, CareerBuilder. The newly christened company received a further influx of seven million dollars from investment firms such as New Enterprise Associates to expand their operations.
The company announced their decision to go public in April 1999. The company's IPO on May 12, 1999 raised $8 million more than initially forecast, but was less successful than other Net offerings of the time. In its first day of trading, the stock opened at $17.50 and rose as high as $20 before closing at $16. Microsoft moved quickly to acquire a minority stake in the company in exchange for using the company's database on their own web portal.
After being purchased in a joint venture by Knight Ridder and Tribune Company in July 2000 for $8 a share CareerBuilder absorbed competitor boards CareerPath.com and then Headhunter.net which had already acquired CareerMosaic. Even with these aggressive mergers CareerBuilder still trailed behind the number one employment site Monster.com and number two Hotjobs.com.
In 2001, major newspapers owned by Knight Ridder and the Tribune Company merged their help wanted sections with the online component. Robert McGovern was replaced as CEO in March 2002 by Robert Montgomery. Gannett purchased a one-third interest in the company for $98.3 million in 2002, adding the CareerBuilder brand to its 90 newspapers nationwide. The company suffered major difficulty because of the dot com crash and nearly went bankrupt.
The McClatchy Company purchased Knight Ridder for $4.5 billion in stock and cash in March 2006.
Awards
In April 2006 CareerBuilder.com's site was nominated for a Webby Award in the employment category.
In September 2007, CareerBuilder.com was ranked as 91 in BusinessWeek's Best Places to Launch a Career list.
In December 2007, CareerBuilder.com won the Stevie Award for excellence in Customer Service.
In June 2008 CareerBuilder.com won the International Customer Management Institute's Global Call Center of the Year Award.
In February 2011, Training magazine put CareerBuilder.com as 96 on its list of 125 companies that emphasize training and employee development.
In April 2011, Crain's Chicago Business ranked CareerBuilder.com 17 on its Best Places to Work list.
In November 2011, the Chicago Tribune listed CareerBuilder.com as one of the 100 best places to work in Chicago.
In December 2011, GlassDoor.com announced in their fourth annual list of Employee Choice Awards: Best Places to Work. CareerBuilder ranked 6th, behind #5 Google and ahead of #10 Apple.
In 2011 CareerBuilder was placed 7 on Brill Street + Company's list of top 50 Chicago companies for employing and training Generation Y workers.
In 2012, IDG’s Computerworld announces CareerBuilder as a 2012 Best Places to Work in IT, ranked No. 2 in the 100 top organizations that challenge their IT staffs while providing great benefits and compensation.
In 2013, CareerBuilder was awarded a Gold Stevie Award in the category of Innovation in Customer Service - Advertising, Business Services, Marketing & Public Relations.
In 2013, CareerBuilder ranked 17th on The Chicago Tribune's Top Workplaces
Partnerships
Consumer complaints
According to two consumer complaints received by the office of Illinois Attorney General, Lisa Madigan, and reports from other states, scam artists have been contacting job hunters through CareerBuilder.com regarding a "Donations Handler" position with an international charity. The agreement is a classic pigeon drop. The "handler" accepts checks sent in the mail from Peachtree Corners, Georgia and is required to wire transfer the amount to an international account within 24 hours. The checks are later discovered to be fraudulent. Victims reported losing between $500 and $2,000 in this scheme.