57 Percent of Americans Consider Themselves Overworked, According to Monster's 2003 Work/Life Balance Survey.Business Editors/High-Tech Writers MAYNARD, Mass.--(BUSINESS WIRE)--July 29, 2003 Polls Show Work/Life Balance Is Elusive in Today's Workplace, as 83 Percent of Americans Are Not Satisfied with Their Job With the U.S. economy slow to recover, many workers find themselves facing larger workloads, rising unemployment and a dwindling dwin·dle v. dwin·dled, dwin·dling, dwin·dles v.intr. To become gradually less until little remains. v.tr. To cause to dwindle. See Synonyms at decrease. pool of co-workers. Past and present company downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing has added responsibilities to the average employee, resulting in an overworked and stressed American workforce. In fact, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Monster's 2003 Work/Life Balance survey, 80 percent of Americans are unhappy with their work/life balance and 71 percent admit to clocking more than 40 hours per week. The Monster Meter, a product of Monster(R), the leading global online careers site and flagship brand of Monster Worldwide Monster Worldwide NASDAQ: MNST is the parent company for Monster.com; it also owns other well-known websites such as Military.com, Tickle.com and Fastweb.com. Company Overview Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : MNST MNST Maximum Network System Throughput ), is an ongoing series of online polls that gauge users' opinions on a variety of topics relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc careers, the economy, and the workplace. Americans are not the only workers with long hours. 57 percent of European Monster Meter respondents put in more than 40 hours per week; however, U.S. workers are known around the globe for working long hours and many acknowledge the trend: 57 percent of Monster users consider themselves overworked. "It's no surprise that workers are putting in longer hours than they'd like, perhaps making up for company downsizing in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of an economy that is slow to recover," said Jeff Taylor For the U.S. Attorney, see . For the wrestler, see . Jeff Taylor is a founder of the online jobs site Monster.com. He attended UMass Amherst and joined the Pi Kappa Alpha Fraternity. He worked as a DJ before working on the startup in the mid 90s. , Founder and Chief Monster. "However, today's worker should seek ways to create work/life harmony - it's the right balance to keep you happy in your job and your life." 2003 Work/Life Balance Results The Monster Meter asked: 1) "Are you happy with your work/life balance?"(a) -- 80% (28,987 votes) said: "No." -- 20% (7,141 votes) said: "Yes." 2) "Are you satisfied with your job?"(b) -- 83% (32,275 votes) said: "No." -- 17% (6,758 votes) said: "Yes." 3) "Do you consider yourself overworked?"(c) -- 57% (35,043 votes) said: "Yes." -- 43% (26,303 votes) said: "No." United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. vs. Europe - Hours Worked Monster US: 4a) "How many hours a week do you work?"(d) -- 46% (29,281 votes) said: "Between 40 and 50 hours." -- 25% (16,169 votes) said: "50 hours or more." -- 19% (12,313 votes) said: Between 25 and 40 hours." -- 10% (6,561 votes) said: "Fewer than 25 hours." Monster Europe: 4b) "How many hours do you work a week?"(e) -- 40% (8,128 votes) said: "Between 40 and 50 hours." -- 33% (6,766 votes) said: "Between 25 and 40 hours." -- 17% (3,480 votes) said: "50 hours or more." -- 10% (2,193 votes) said: "Less than 25 hours." (a) The results of the current Monster Meter are based on 36,128 votes cast by Monster users from June 16th to June 23rd, 2003 on the Monster homepage. Only one vote per user is counted toward the final tabulation tab·u·late tr.v. tab·u·lat·ed, tab·u·lat·ing, tab·u·lates 1. To arrange in tabular form; condense and list. 2. To cut or form with a plane surface. adj. Having a plane surface. . Anyone interested in voting in Monster's current online poll may do so by logging onto Monster at www.monster.com. Users may review the results of past polls by going to http://content.monster.com/polls/. These polls are not scientific and reflect the opinions of only those Internet users who have chosen to participate. (b) The results of this Monster Meter are based on 39,033 votes cast by Monster users from June 23rd to June 30th, 2003 on the Monster homepage. Only one vote per user is counted toward the final tabulation. (c) The results of this Monster Meter are based on 61,346 votes cast by Monster users from April 14th to April 21st, 2003 on the Monster homepage. Only one vote per user is counted toward the final tabulation. (d) The results of this Monster Meter are based on 64,324 votes cast by Monster users from March 24th to March 31st, 2003 on the Monster homepage. Only one vote per user is counted toward the final tabulation. (e) The results of the European Monster Meter are based on a record 20,567 votes cast on Monster's sites across Europe from February 17th to March 3rd, 2003 on the Monster homepage. Only one vote per user is counted toward the final tabulation About Monster Monster, headquartered in Maynard, Mass., is the leading global careers website, recording over 45.9 million unique visits during the month of June 2003, according to independent research conducted by I/PRO. Monster connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Singapore, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , France, Scotland, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. Monster is the official online career management services sponsor of the 2004 U.S. Olympic Team. More information about Monster is available at www.monster.com or by calling 1-800-MONSTER. About Monster Worldwide Founded in 1967, Monster Worldwide, Inc. (formerly TMP TMP (thymidine monophosphate): see thymine. Worldwide Inc.) is the online recruitment leader and the parent company of Monster, the leading global careers website. Headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of with approximately 4,500 employees in 19 countries, Monster Worldwide is also the world's largest Recruitment Advertising agency network, the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The Company's clients include more than 90 of the Fortune 100 and more than 490 of the Fortune 500 companies. Monster Worldwide (Nasdaq: MNST) is a member of the S&P 500 Index. More information about Monster Worldwide is available at www.monsterworldwide.com. Special Note: Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference. |
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