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The $100k+ Job Search, Refined: TheLadders.com Unveils New Version of Premier Executive Jobs Web Site


New Release Has Something for Everyone - $100k+ Job Seekers, HR Professionals and Recruiters Gain Pinpoint Search Capabilities and Additional Functionality

NEW YORK (May 23, 2005) - TheLadders.com, the world's leading $100k+ job search engine, today unveiled the details of its new release, which showcases a series of major enhancements to aid job seekers and recruiters in the $100k+ job marketplace. Developed under the code-name Sapphire, the new site's highlights include advanced search functionality, robust tracking tools for recruiters and more $100k+ jobs than any other source.

User-Defined Navigation

With TheLadders.com now posting over 19,000 new $100k+ jobs each month, a more powerful search functionality was paramount on the list of site enhancements. Now offering advanced search by keyword, industry, job function, job title, location, listing date and employer, the site enables job seekers to instantly tailor searches to their specific needs. Designed to maximize user experience, the new version of TheLadders.com has been developed through a combination of customer feedback, extensive usability lab testing and surveys along with qualitative and quantitative analysis. Among the user-guided developments, the new "Jobs Near You" feature automatically identifies the jobs that are within a desired commuting distance from a chosen zip code.

"This is not a one-size-fits-all market," explained Marc Cenedella, President and CEO of TheLadders.com. "We created TheLadders.com to make it as easy as possible for our customers to find the perfect job and our focus has been to deliver more great jobs than any other resource. With our new site we've made the process even easier by incorporating everything we've learned over the past two years about the way executive-level job seekers approach the job hunt."

For Recruiters, The Holy Grail

Addressing the number one Internet-age frustration of every HR professional - too many applicants and not enough quality - TheLadders.com has also developed a new interface called TheLadders for Employers. Designed specifically for HR professionals and recruiters, this robust module enables professionals on the employer side to post jobs and track the progress of those openings online.

Perhaps even more attractive to folks on the recruitment side, TheLadders.com's unique business model keeps all job posts free of charge. TheLadders.com addresses the specialized needs of the $100k+ job market by turning the traditional recruitment business model upside down: it does not accept money from hiring firms, recruiters, or recruitment advertising agencies. Instead, it generates revenues by offering its premium-level service to job seekers for a fee of $30 per month. As an added bonus to recruiters, TheLadders.com's premium service fee keeps unqualified candidates out of the applicant pool.

E-Newsletter

Another innovative feature of TheLadders.com is its weekly newsletter delivery format. The newsletter is e-mailed to each subscriber every Monday morning, serving as a portal to new job listings, offering motivational words from Cenedella and including additional articles written by top career advisors. Active and passive job seekers have praised the newsletter as both inspirational and educational. Answering the call to this overwhelmingly positive user feedback, visitors can now search all of TheLadders.com's historical newsletter content.

To celebrate the launch of the latest version, TheLadders.com is running a special offer until June 30, 2005. Existing members that refer a friend earn one month free for every three friends that sign up for a free trial.


About TheLadders.com
Headquartered in New York, TheLadders.com, Inc. is a privately held company offering online job search services to recruiters and job seekers in the $100k+ employment market. Ex-HotJobs.com executive Marc Cenedella founded TheLadders.com in 2003 to address the unique job seeking and recruiting requirements in this market sector. Investors include leading venture capital firm Matrix Partners and prominent private investors such as Kevin Ryan, CEO, DoubleClick, Tom Matlack, Megunticook Management, and Robert Chefitz, NJTC Venture Fund.

In addition to its primary member-based site, the Company operates vertical job search Web sites for sales, marketing, finance, human resources, law, technology, and operations. All sites feature daily job updates as well as industry-specific weekly e-newsletters. For corporate and executive recruiters, TheLadders.com delivers the same highly personalized experience. TheLadders for Recruiters (www.recruitladder.com) enables them to easily post $100k+ job openings at no charge. The Company further differentiates itself from other online job boards that fall prey to fraudulent job postings by implementing human mediated search, ensuring all job postings are fully qualified before being published to members.

More information about TheLadders.com can be accessed at www.theladders.com.

Note to editors: Trademarks and registered trademarks remain the property of their respective owners.

Media Contacts
Maria Schiller
TheLadders.com
646-453-1913
maria.schiller@theladders.com