Monster was one of the first job boards during the early days of the internet. A few years later, as the market leader, the job and résumé site ran a television ad during the Super Bowl in 1999. As a young recruiter, it was my go-to site to post job listings and conduct searches for candidates. Over the years, the recruiting platform has faced an onslaught of competition. Three major players, LinkedIn, Indeed and ZipRecruiter, a host of other niche and aggregation sites, along with new entrants, like TikTok, stole market share from the once-dominant Monster.

With an M.B.A. from MIT and 30 years in the tech industry under his belt, Scott Gutz was brought aboard three years ago to take Monster to the next level—after some turnover with CEOs. In a press release about his hiring, Gutz said, “Monster’s history as a disruptor in the recruitment industry is undisputed, and I’ve been an admirer of the brand  for many years.” He added, “As I’ve started to learn more about the team and current state of the business, it’s clear that Monster has a unique opportunity to return to its position as industry leader. I’m honored to join a team that is poised to shake up the industry once again by delivering quantifiable value for job seekers and employers.”

I had the pleasure of interviewing Gutz to get his take on the job market. I also wanted to gain a sense of whether or not he had a plan to unleash the monster inside of him to take back the lead in the recruiting industry.

Within under a minute, it’s clear that Gutz eschews the hubris typical of many big-shot CEOs. He comes across as down-to-earth, friendly and authentic. He was excited to share what’s going on in the job-search space and his plans to bring back the former glory of the brand. 

The Focus On Gen-Z

One of his initiatives is catering to the up-and-coming Gen-Z cohorts who are entering the job market, as well as younger Millennials. He’s betting that this generation will be vastly different from Baby Boomers. They have seen or heard about their parents losing their jobs during the financial crisis in 2008 and the Covid-19 pandemic. They’ve learned at a tender age that there’s no such thing as corporate loyalty. Our parents’ and grandparents’ age of sticking with one or two companies throughout the entire duration of their working lives is over.  

 Gutz understands that this younger generations desires meaningful jobs and careers that serve a greater purpose. They also want to work at companies that share their social and political ideals. It’s important for them to have job flexibility, including hybrid and remote-work options. If they’re not happy or feel unappreciated, they’ll switch jobs. Gutz predicts that someone who is now in their early 20s may end up

The U.S. economy likely brought back the most jobs since August last month, with payrolls jumping by 1 million and the unemployment rate improving to a new pandemic-era low as more businesses reopen. 

The Labor Department is set to release the April jobs report Friday morning at 8:30 a.m. ET. Here are the expected main results, according to consensus data compiled by Bloomberg:

  • Non-farm payrolls, April: +1.000 million expected vs. +916,000 in March 

  • Unemployment rate, April: 5.8% expected, 6.0% in March 

  • Average hourly earnings, month-over-month, April: 0.0% expected, -0.1% in March

  • Average hourly earnings, year-over-year, April: -0.4% expected, 4.2% in March 

Non-farm payrolls are expected to rise for a fourth straight month and at an accelerating clip, with easing social distancing standards across the country helping support the recovery. Every economist polled by Bloomberg predicted a strong increase in payrolls: On the high end, Jefferies economist Aneta Markowska estimated a surge of 2.1 million payrolls for April, while Prestige Economics’ Jason Schenker penciled in payroll gains of 700,000 on the low end. 

But on average, economists are expecting a blowout payrolls number of at least 1 million. Nomura chief economist Lewis Alexander said market participants should brace for a “monster U.S. payroll number” this week, driven in large part by advances in some of the industries hardest-hit by the pandemic. Leisure and hospitality payrolls are still down by 3.3 million compared to February 2020 levels, but have been making some of the largest gains over the past several months to try and lessen this deficit. 

“Re-opening activity spurred increased spending on leisure and hospitality over March and early April, likely translating into a strong increase for food services and accommodation employment,” Alexander wrote in a note Thursday. “Moreover, a broad range of labor market indicators — jobless claims, business and consumer surveys — suggest solid improvement in conditions.” 

ORLANDO, FLORIDA, UNITED STATES - 2021/05/01: Passengers wearing face masks as a preventive measure against the spread of covid-19 wait in line to be screened by TSA at Orlando International Airport.
On April 30, 2021, the Transportation Security Administration extended the federal mask mandate, which was set to expire on May 11, until September 13 for all air passengers over the age of 2. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images)

ORLANDO, FLORIDA, UNITED STATES – 2021/05/01: Passengers wearing face masks as a preventive measure against the spread of covid-19 wait in line to be screened by TSA at Orlando International Airport. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images)

And recently, companies and business surveys have suggested that the main economic concern now is around making sure businesses have enough workers to keep up with rising demand. 

“We know per recent qualitative data that companies are starved for employees at the moment. We can see that in both ISM reports (manufacturing and services) as well as in the Fed’s Beige Book,” economists at RBC Capital Markets wrote in a note last week. “Moreover, we know that continuing claims (not-seasonally adjusted) made a sizable improvement when measured between the payroll survey weeks, and that underpins our forecast.” 

Still, many Americans remain on the sidelines of the labor market, and will likely continue to do so until concerns around the pandemic recede further. But with more than 40% of the population already injected with at least one dose of a COVID-19 vaccine, additional progress is unlikely to come quite as quickly,

Apply Now for the 2021

More Racing. More Action. More Glory.

Pinkbike Academy is back for 2021 and we’re taking it to the next level with more racing, riding challenges, two Secret Pros, and support from Monster Energy for the grand prize winner. The winner of Season 2 of Pinkbike Academy presented by Monster Hydro will launch their riding career as an official Monster Energy ambassador, with a pro contract from Orbea Bikes and a $25,000 prize purse.

It’s not easy to break into the pro ranks based on skill and potential alone, especially these days, but Pinkbike Academy aims to change that. Last year, Season 1 helped ten incredibly talented riders get some well-deserved attention from fans and sponsors.

Once again we are choosing five men and five women from around the world to battle it out against each other in a series of riding-related challenges at Big White. This year we’ll be doubling down on the racing, with our two Secret Pros setting benchmark times so we can see how the contestants stack up against two of the world’s best enduro racers. This 10-part series will see riders fighting it out each week with only the best riders progressing through each round for a chance to claim this career-changing prize.

We’re excited to produce the second season of Pinkbike Academy and introduce the world to a whole new wave of riders.

Want in?

The show will be judged by well-known industry insiders and pros, and the riders we select for the Academy will need a whole lot of speed and fitness to compete with the times that our Secret Pros set. Do you have the skills, personality, and perseverance to make it through?

This could be your opportunity to turn your passion into a career. This isn’t just free product and small travel budget, but a proper chance at a professional contract and the incredible support that comes with it.

Apply Now

We are seeking to cast five men and five women aged 19-39 from around the world who are able to travel to British Columbia at the end of July (exact dates to be confirmed, we are monitoring the Covid-19 pandemic closely and will be following regional health guidelines). If you’re selected for the 2021 Pinkbike Academy, we will handle your travel and accommodation costs.

Please note: it will be a level playing field and all participants will be riding the bikes and kit provided by the sponsors who have made this project possible.

Step 1: Film a 1 minute video explaining why we should choose you. Keep it simple but remember that the videos that show your personality and commitment to riding will help you stand out as a unique candidate for the show.

Step 2: Complete the entry form here.

We can’t wait to hear from you and to get this project rolling.

Applications must be received by Tuesday, May 11th

Huge thanks to the brands who