CareerBuilder is an

employment website An employment website is a website that deals specifically with employment or careers. Many employment websites are designed to allow employers to post job requirements for a position to be filled and are commonly known as job boards. Other em ...

founded in 1995 with offices in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by to ...

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

, and

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an are ...

. In 2008, it had the largest market share among online employment websites in the

, where it was founded. CareerBuilder.com provides labor market information, talent management software, and other recruitment related services. The company is owned by investment firm

Apollo Global Management Apollo Global Management, Inc. is an American global private-equity firm. It provides investment management and invests in credit, private equity, and real assets. As of March 31, 2022, the company had $512 billion of assets under management, ...

International scope

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 Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

and JobScout24 in Germany. In 2014, CareerBuilder acquired recruiting technology company Broadbean in the U.K. CareerBuilder also owns and operates several websites under the CareerBuilder name in various countries including CareerBuilder.ca in Canada, CareerBuilder.fr in France, Jobs.de in Germany, CareerBuilder.co.in in India, CareerBuilder.se in Sweden and CareerBuilder.co.uk in the United Kingdom. The company has a number of subsidiaries such as Kariera.gr in Greece, Cao-emplois.com, Erecrut.com, Ingenieur-emplois.com, LesJeudis.com, PhonEmploi.com and Recrulex.com in France, economicmodeling.com, oilandgasjobsearch.com, Jobmedic.co.uk and Toplanguagejobs.com in the United Kingdom and Textkernel in the Netherlands. It also operates niche job search sites including Sologig.com, Headhunter.com, CareerRookie.com, MiracleWorkers.com, WorkinRetail.com and JobsInMotion.com.

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. In 1996, Netstart raised $2 million in investment. In 1998, NetStart Inc. changed its name to CareerBuilder and raised another $7 million in investment. In 1999, the company's IPO 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 In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a compan ...

opened at $17.50 and rose as high as $20 before closing at $16.

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washi ...

acquired a minority stake in the company in exchange for using the company's

database In computing, a database is an organized collection of data stored and accessed electronically. Small databases can be stored on a file system, while large databases are hosted on computer clusters or cloud storage. The design of databases ...

on their own

web portal A web portal is a specially designed website that brings information from diverse sources, like emails, online forums and search engines, together in a uniform way. Usually, each information source gets its dedicated area on the page for displayi ...

. In July 2000, the company was purchased in a joint venture by

Knight Ridder Knight Ridder was an American media company, specializing in newspaper and Internet publishing. Until it was bought by McClatchy on June 27, 2006, it was the second largest newspaper publisher in the United States, with 32 daily newspaper bra ...

and

Tribune Company Tribune Media Company, also known as Tribune Company, was an American multimedia conglomerate headquartered in Chicago, Illinois. Through Tribune Broadcasting, Tribune Media was one of the largest television broadcasting companies, owning 39 ...

for $8 a share CareerBuilder acquired competitors CareerPath.com and later Headhunter.net which had already acquired CareerMosaic. At that time and after the acquisitions, CareerBuilder still trailed behind the number one employment site Monster.com and number two Hotjobs.com. In 2001, major newspapers owned by

and the

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 A newspaper is a periodical publication containing written information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as politics, business, spor ...

nationwide. The company suffered major difficulty because of the

dot com crash The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compos ...

and nearly went bankrupt.

purchased

for $4.5 billion in stock and cash in March 2006. In December 2008, the company announced layoffs affecting approximately 300 employee

In September 2012, the company acquired Economic Modeling Specialists Intl. (EMSI), an economic modeling software firm based in

Moscow, Idaho Moscow ( ) is a city in North Central Idaho, United States. Located along the state border with Washington, it had a population of 25,435 at the 2020 census. The county seat and largest city of Latah County, Moscow is the home of the Universit ...

. EMSI was sold to Strada Education Network in April 2018. 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. In June 2017, CareerBuilder was purchased by the private-equity firm Apollo Global Management and the Ontario Teachers’ Pension Plan Board. In September of that year, CareerBuilder laid off 120 employees. Irina Novoselsky was appointed as CEO in October 2017, and in July 2021, was replaced as CEO by Sue Arthur from

Optum Optum, Inc. is an American pharmacy benefit manager and health care provider. It has been a subsidiary of UnitedHealth Group since 2011. UHG formed Optum by merging its existing pharmacy and care delivery services into the single Optum br ...

Awards

In April 2006 CareerBuilder.com's site was nominated for a

Webby Award The Webby Awards are awards for excellence on the Internet presented annually by the International Academy of Digital Arts and Sciences, a judging body composed of over two thousand industry experts and technology innovators. Categories includ ...

in the employment category. In May 2019, CareerBuilder received a Bronze Stevie Award for the AI Resume Builder.

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 pigeon drop (also known as Spanish Handkerchief) is a confidence trick in which a mark, or "pigeon", is persuaded to give up a sum of money in order to secure the rights to a larger sum of money, or more valuable object. To perform a pigeon ...

. 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.

References

External links

* {{DEFAULTSORT:Careerbuilder Employment websites in the United States Apollo Global Management companies Business services companies established in 1995 Internet properties established in 1995 Companies based in Chicago 1995 establishments in the United States Professional networks