Comprehensive Study Reveals Career Challenges for Olympians; Monster.com and the USOC Create Tools for Athletes to Prepare for Life After the Olympic Games.Business/Technology Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com MAYNARD, Mass.--(BUSINESS WIRE)--Oct. 16, 2001 Monster.com(R), the leading global online careers site and flagship brand of TMP TMP (thymidine monophosphate): see thymine. Worldwide 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 : TMPW), today announced the results of comprehensive research conducted among U.S. Olympians and Olympic hopefuls. The Monster.com Olympian Career Study finds that many U.S. Olympic athletes are concerned that their athletic commitment delays their long-term career aspirations and advancement. More than two-thirds (70%) of current and hopeful Olympians reveal that the time spent "going for the Gold" creates a unique set of challenges regarding their future career success. The study suggests there may be good reason for current and hopeful Olympians to be focused about life after the Olympic Games Olympic games, premier athletic meeting of ancient Greece, and, in modern times, series of international sports contests. The Olympics of Ancient Greece Although records cannot verify games earlier than 776 B.C. . Among retired Olympians in their prime earning years (45-54 years of age), 61% claim not to have yet fulfilled their career aspirations. Almost one-third (33%) of retired Olympians in the twilight of their career (55-64 years of age) still have not yet fulfilled those aspirations. Even though an overwhelming majority (83%) of retired Olympians have completed their college education and 38% have received a graduate degree, indications are that this group face career challenges well into their working lives. Given the rigorous training schedule of Olympic athletes, it is easy to understand why preparing for a career may be put on hold. However, with 70% concerned that their competitive careers delayed their pursuit of professional goals and planning for their future, the United States Olympic Committee “USOC” redirects here. For USOC in telephony, see registered jack. The United States Olympic Committee (USOC) is a non-profit organization that serves as the National Olympic Committee (NOC) for the United States and coordinates the relationship between the (USOC (Universal Service Order Code) An equipment coding system created by AT&T. The number was applied to telephone equipment and to wire termination patterns. See 568A. ) and Monster.com have teamed up to help athletes with this process. "The Monster.com Olympian Career Study shows that the pursuit for Olympic glory creates career challenges for the very 'heroes' America cheers for during the Olympics," says 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. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Monster.com. "The USOC and Monster are committed to providing programs that assist athletes with the challenges they face during their post-Olympic career. Together, we will provide this elite group of athletes with innovative tools and resources that will not only lead to meaningful professional careers, but more importantly help them showcase the sought-after skills that make them ideal employees." Post-Games Job Search Triggers Emotional Letdown Many Olympians feel years behind their peers and lack hands-on working experience when they retire from their sport. While the fear of an emotional letdown is prevalent among Olympians, more than two-thirds (67%) report having this fear, a near equal amount (61%) reveal that they actually experienced from such a letdown following Olympic competition. "The American public only sees the excitement surrounding the Olympics, but doesn't know the stress that comes after the competition is over," says Jimmy Pedro James ("Jimmy") Pedro (born October 30, 1970 in Danvers, Massachusetts) is one of the most successful American judo competitors ever, having won two bronze medals in the Olympics. Pedro was the World Champion at 73KG in 1999. , Manager of Olympic Sponsorship for Monster.com, and three-time Olympian and judo judo (j  `dō), sport of Japanese origin that makes use of the principles of jujitsu, a weaponless system of self-defense. world
champion. "Many of us have given years of our lives to focus on our
Olympic goals. When our athletic careers end, we are faced with having
to set brand new goals, and many of us have to conduct a job search for
the first time in our lives."Half of those surveyed (43%) reveal they had trouble entering the workforce following the Olympic Games. As a result of their single-minded focus on achieving their Olympic aspirations, many Olympians require assistance in shifting their mind set from their athletic careers to professional careers. "The USOC has always been committed to Olympian success before, during, and after the Games," says Scott Blackmun, acting chief executive officer for the USOC. "Monster.com has created unique programs designed to help Olympians increase their level of preparedness by connecting these athletes with mentors and arming them with the necessary tools for the job search process. This preparedness could lessen the feeling of a letdown and make their career management easier." Olympians Possess Desirable Talents Despite reported career challenges, The Monster.com Olympian Career Study has found that Olympians develop a highly valued set of skills - discipline, work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work , ability to perform under pressure and team spirit; these qualities can lead to success in the workplace and may be particularly attractive to prospective employers. Many employers already appreciate the power of the Olympian profile and have capitalized on the desirable skills of Olympians. For example, Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box currently employs 140 Winter and Summer Olympic and Paralympic hopefuls and has employed 285 athletes since 1992. "We have found that Olympians are top notch associates who can inspire their co-workers through their team-spiritedness and unwavering discipline," says Mandy Holton, Home Depot spokesperson. Breakthrough Online Tools for Olympians Connecting with mentors, networking within the Olympic community, and learning the basics of the job search process can help athletes prepare for their post-competitive career. Monster.com and the USOC have created TeamUSAnet (http://teamusanet.monster.com), the first career management website designed to assist U.S. Olympians and Olympic hopefuls in leveraging their Olympic experience while seeking new career aspirations. This legacy program is an exclusive site that features an assortment of offerings, including: -- comprehensive resume builder and job search tools -- an Olympic mentoring network including more than 100 mentors -- unique content that caters specifically to Olympians and Olympic hopefuls in their pursuit to apply their athletic experience to the professional arena "The TeamUSAnet website provides a perfect vehicle for retired Olympians to interact with hopefuls and for Olympians to answer questions about what happens after the Games," says Jim Craig Jim Craig can refer to:
traditional first prize. [Western Cult: Misc.] See : Prize winning 1980 U.S. Olympic Hockey Team and TeamUSAnet mentor. "By communicating with these athletes online, we have been able to share experiences which will hopefully help them to make the most of their Olympic experience and life after the Games. I am glad the USOC and Monster have created programs and initiatives that will improve the lives of Olympians as their athletic careers have ended and their professional careers begin." Panel Discussion Explores Solution The results of this survey were released today during a panel discussion, which reinforced the need for career management services for Olympic athletes. The panel discussion, facilitated by Monster.com CEO, Jeff Taylor, included "Miracle on Ice The "Miracle on Ice" is the popular nickname for the men's ice hockey game in the 1980 Olympic Winter Games, in which a team of amateur and collegiate players from the United States beat the long-dominant and heavily-favored Soviet Union, in a match held on February 22, 1980, at " Ice Hockey ice hockey: see hockey, ice. ice hockey Game played on an ice rink by two teams of six players on skates. The object is to drive a puck (a small, hard rubber disk) into the opponents' goal with a hockey stick, thus scoring one point. icon Jim Craig, speed skating speed skating Sport of racing on ice skates. The blade of the speed skate is longer and thinner than that of the hockey or figure skate. Two types of track are used in international competition. legend Eric Heiden Eric Arthur Heiden (born June 14 1958 in Madison, Wisconsin) is an American former long track speed skater who won all the men's speed skating races, and thus an unprecedented five gold medals, and set 4 Olympic records and 1 world record at the 1980 Winter Olympic Games in Lake , U.S. Olympic Team sport psychologist Sean McCann Sean McCann may be:
The online survey, commissioned by Monster.com, and fielded by Harris Interactive(sm), was completed by over 400 athletes across the country including Olympic hopefuls who have yet to compete in the Games, current Olympians who have competed in the Games and are currently in training, and Olympians no longer competing. The margin of error is +/- 4.9 percent. To obtain more information on this survey and Monster.com, the official career management sponsor of the 2002 and 2004 U.S. Olympic Teams and the 2002 Olympic Winter Games, or initiatives surrounding their sponsorship, contact Sandy Yusen at 617-272-8317 or syusen@coneinc.com. About Monster.com Monster.com, headquartered in Maynard, Mass., is the leading global careers website, recording over 24.9 million unique visits during the month of September 2001 according to independent research conducted by I/PRO. Monster.com 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.com 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, France, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. Monster.com is the official online career management services sponsor of the 2002 Olympic Winter Games and 2002 and 2004 U.S. Olympic Teams. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER. About TMP Worldwide Founded in 1967, TMP Worldwide Inc., with more than 10,500 employees in 33 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and Executive Selection agencies. TMP Worldwide, 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 , is also 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 480 of the Fortune 500 companies. In June 2001, TMP Worldwide was added to the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.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. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.101601/bb8 |
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