Press Releases
TheLadders.com Quarterly Executive Employment Outlook: Execs Optimistic But Anticipate Labor-Intensive Job Hunts
Tampa Shows Strongest Growth in $100K+ Jobs <BackNEW YORK (June 20, 2005) - With fortunes tied closely to the ebbs and flows of economy, executives in the $100k+ job market are a prime indicator of underlying economic health. According to a survey conducted by TheLadders.com, the world's leading $100,000+ jobs search engine, market sentiment in the second quarter of 2005 remains optimistic, though down slightly from the first quarter of 2005. According to TheLadders.com's state-by-state job market data, Tampa has shown the most growth in the number of $100K+ jobs offered during the first quarter.
Executive Survey
In general, executives surveyed by TheLadders.com felt good about the current job market. When asked: is now a better time to be in the job market than this time last year, 68% of the survey's respondents said yes. When this survey was last conducted in March 2005, a slightly higher percentage (77% percent) of respondents answered positively (see chart below).
When asked to forecast the length of their job search, respondents congregated in the middle: 33% predicted a 3-6 month hunt; 30% anticipated a 1-3 month search; and 24% expected to be in the market for 6-12 months. Thirteen percent of the executives surveyed think their job search will take over a year. These numbers are virtually unchanged from the March 2005 survey (see chart below).
A recurring trend in the Executive Job Market Outlook is the expectation for lots of legwork. Thirty three percent of respondents said they expect to send out over 100 applications before getting an offer; 27% said they'd need to apply to 20-50 jobs before an offer is made; 22% anticipated it taking between 50 and 100 applications to shake out an offer; and 18% thought it would require less than 20 applications to land their next jobs. These numbers are consistent with the March 2005 survey (see chart below).
Regional Job Market Data:
In conjunction with its executive survey, TheLadders.com also assessed $100k+ market hiring trends throughout the U.S.
The top five cities showing the sharpest increase in available $100k+ positions over the past quarter are:
Tampa (6%), Miami (15%), Baltimore (14%), Washington, DC (13%), and Phoenix (11%). Additional regional job market data is available on a state-by-state basis. For more information, please contact us directly at the numbers listed below.
"While personal views on the job market have slightly declined, we're seeing 4,000 more $100k+ job postings than we did in January on TheLadders.com. The executive job market is sending a clear signal: companies are aggressively looking to hire top talent," explained TheLadders.com President and CEO, Marc Cenedella. "And it's not just on the coasts; we're seeing strong growth trends nationwide."
The survey portion of TheLadders.com Quarterly Executive Employment Outlook is based on a series of independent surveys of registered $100k+ executives conducted on TheLadders.com Web site between June 5th, 2005 and June 16th, 2005. The number of responses and margin of error for each survey is as follows:
- How long do you think it will take for you to land your next job? 1,265 Responses; Margin of Error: +/- 2.8%.
- Is now a better time to be in the job market than this time last year? 961 Responses; Margin of Error: +/- 3.2%.
- How many job listings do you reasonably think you'll need to apply to before getting an offer? 1,665 Responses; Margin of Error: +/- 2.5%.
The regional job market data portion of the Quarterly Executive Employment Outlook is based on TheLadders.com's analysis of all $100k+ job postings on company Web sites throughout the Internet, along with exclusive postings submitted by employers directly to TheLadders.com.
Now reaching over 415,000 readers and featuring over 20,000 new $100k+ job listings each month, TheLadders.com is the largest online job search service catering exclusively to the $100k+ market.
Marc Cenedella founded TheLadders.com in July 2003 after a tenure as Senior Vice President, Finance & Operations, at HotJobs.com, ultimately shepherding that company's sale to Yahoo, Inc. (NASD: YHOO) in 2002.
Charts:
About TheLadders.comHeadquartered 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