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TheLadders.com Quarterly Executive Employment Outlook

Execs Optimistic in '05, Anticipate Shorter Job Hunts <Back

NEW YORK (January 18, 2005) - With corporate earnings thriving and companies continuing to stockpile the cash, does 2005 have the makings of an all-star year for job hunting? According to a survey conducted by executive job search service TheLadders.com, job seekers in the $100k+ market have become increasingly optimistic.

Showing the most dramatic shift to the positive, 82% of respondents to a survey of 414 executives said "now is a better time to be in the job market than this time last year." When this survey was last conducted in November 2004, just 67% of its respondents shared this positive outlook.

In a related survey of 502 executives, 38% said they expect relatively short job hunts, suggesting that they plan to be in the market just 1-3 months. Thirty six percent of the executives surveyed anticipate a three-to-six month search. Among the less optimistic executives, 19% expect a six-to-twelve month job search and 7% are preparing themselves for twelve months or more in the job market. When compared to previous Quarterly Executive Employment Outlook figures, the January 2005 numbers are all reinforcing a positive trend towards shorter job hunts.

Despite this increasing optimism, however, job hunting executives still expect to have their work cut out for them. Thirty-six percent said they expect to send out over 100 applications before finally getting an offer. In this survey of 727 executives, 26% said they'll need to apply to 20-50 jobs before an offer is made; 22% anticipated it taking somewhere between 50 and 100 applications to shake out an offer; and 16% thought it would require less than 20 applications to land their next gigs.

"January is the time to get your next great job. Companies have new goals for the new year, hiring budgets are refreshed, and managers want to get new talent on their teams," explained TheLadders.com founder and president, Marc Cenedella. "We're seeing steadygrowth across a variety of industries; all of the signs are there for a banner year in the high-end job market."

TheLadders.com Quarterly Executive Employment Outlook is based on a series of independent surveys of registered $100k+ executives conducted by TheLadders.com between

November 8, 2004 through January 17, 2005. The margin of error for each survey is as follows:

  • How long do you think it will take for you to land your next job: +/- 4.37%.
  • Is now a better time to be in the job market than this time last year: +/- 4.81%.
  • How many job listings do you reasonably think you'll need to apply to before getting an offer: +/- 3.63%.

Now reaching over 230,000 readers and featuring over 4,000 new $100k+ job listings each week, 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. In May 2004 he was named Entrepreneur of the Year by award-winning marketing newsletter, MarketingSherpa, which cited TheLadders.com's unique business model as a key to its sustained growth.

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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.

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