At the beginning of the year, TMP Worldwide was planning to hike its
IT budget from $75 million to more than $82 million. Knowing that
spending for recruiting would be down (and TMP's revenues would
suffer), CIO Jane Aboyoun said that return-on-investment would be
key.
"When the economy was good, there was less focus on cost," Aboyoun
said. "This year will be focused on smart spending." A data
warehousing project was being analysed and IT maintenance contracts
were a focus for cost-cutting.
Information Week's article, "Save or Spend?" (Jan. 7, 2002) highlights
the plans for the year:
http://www.informationweek.com/story/IWK20020104S0003
More recently, the economic downturn has hit TMP hard, as TheDeal.com,
an investment website notes in an August, 2002 article that says TMP
announced in May that it would cut about 525 jobs and consolidate
nearly 80 facilities; then raised those targets to about 1,000
positions and 102 locations.
Some interesting things have been published on Monster.com's Seibel
customer relations management (CRM) system, for which installation
started in 1998. See the CIO Magazine (May, 2001) article, "The Truth
About CRM":
http://www.cio.com/archive/050101/truth_content.html
TMP's 10-Q report for the year has few details on IT spending, but
notes that capitalized software is depreciated over a 3-5 year period;
hardware over 3-7 years. At the end of 2001, net capital for each
was:
Capitalized SW: $93.5 million
Capitalized HW: $120.2 million
Google search strategy returns about 240 sites:
"monster.com" + "IT spending"
You can screen the individual sites for monster.com content pages or
try eliminating them with phrases like:
"monster.com" + "IT spending" -"powered by monster.com"
"TMP Worldwide" + "IT spending" - "powered by monster.com"
For investment-related sites, the ticker symbol TMPW quickly gets you
to information about the company. As you search, you also may find
independent projects in different countries, as Monster.com is a
worldwide firm.
Best regards,
Omnivorous-GA |
