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TheLadders.com Reaches 300,000 Readers by Offering Exclusive Access to Big Money Jobs <BackNEW YORK (March 28, 2005) - TheLadders.com, the country's largest job search engine catering exclusively to the $100k+ job market, today announced that it has reached the 300,000 reader milestone in just 20 months. This rapid growth is significant in light of the company's business model, whereby revenues are generated from job-seekers rather than employers.
The brainchild of former HotJobs.com executive Marc Cenedella, TheLadders.com has achieved such rapid growth in the high-end jobs space by tailoring its services to the specific needs of job seekers in the $100k+ marketplace. Each week, TheLadders.com shares over 5,000 $100k+ job listings with its subscribers. The company also maintains a basic job leads newsletter for which it does not charge a fee. While the company's total reader base of 300,000 has continued to surge, growing at a rate of 25% over the first quarter of 2005, paid subscriptions have grown at an even faster rate, increasing by 40% over the same period.
TheLadders.com's unique, consumer-based business model allows the firm to keep unqualified job candidates out of the applicant pool and provides a greater number of pre-screened, high-end job listings than any other source.
TheLadders.com has also set itself apart by developing a strong editorial voice that is equal parts job industry insider and inspirational guide. Unlike traditional job boards, where the Web site homepage serves as the front line for job seekers, TheLadders.com's first point of contact with consumers is a personalized, electronic newsletter delivered to their e-mail inboxes every Monday morning. Written by TheLadders.com founder Marc Cenedella, the newsletter format has enabled the firm to establish a much closer bond with customers. E-mail feedback is encouraged and no customer response goes unanswered. The regularity of the e-mail delivery also provides a natural call-to-action for job seekers.
"TheLadders.com's biggest strength is our understanding of the job search Web site as a medium," explained Cenedella. "While we do spend a lot of time thinking about the technology end of things, our real value is in the connections we're establishing with job seekers. We promise folks a level of service that no one else can provide. And we deliver it."
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.
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Media Contacts
Maria Schiller
TheLadders.com
646-453-1913
maria.schiller@theladders.com