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TheLadders.com Ratchets Up Recruiter Participation

Over 5,000 Recruiters Now Posting Job Openings at TheLadders.com; Many from Industry Leaders in Financial Services, Technology and Consumer Goods <Back

NEW YORK (September 26, 2005) - TheLadders.com, the world's leading $100k+ job search engine, today announced that its recruiter enrollment has topped 5,000. Included among the 5,000 are recruiters from industry leaders in financial services, consumer goods, and technology, including JPMorganChase, Lehman Brothers, Lowe's, Panasonic, Microsoft, eBay and Google.

Already celebrating her first success story with TheLadders.com, Carla Whitley, a recruiter with New York-based direct marketing firm Rapp Collins, was the historic 5,000th recruiter to post a job free on the job site. Her listing for a Client Strategy Director, based in the firm's Dallas office received 41 responses in the first 5 days it was posted, and was ultimately filled by a member of TheLadders.com.

About her experiences using TheLadders.com, Ms. Whitley commented, "One of the biggest problems for recruiters is getting qualified candidates. Until now, Internet job posts have typically provided us with applicants who weren't qualified for the positions we were listing. We've been able to maximize the return on our efforts by utilizing TheLadders.com to successfully identify and connect with senior level qualified candidates. The quality is really unparalleled."

TheLadders.com's unique, consumer-based business model allows the firm to provide a greater number of pre-screened job candidates than any other source. Unlike traditional job boards, which generate revenues when employers post job listings, TheLadders.com does not accept money from employers or recruiters. Instead, the company charges a $30 per month subscription fee to job seekers for access to its premium service. TheLadders.com also publishes a basic job leads newsletter for which it does not charge a fee.

Inverting the traditional job board business model in this manner has won praise for TheLadders.com from both employers and job seekers. From the employer perspective, TheLadders.com is a breath of fresh air because its premium service fee discourages unqualified candidates who aren't seriously considering top-tier career opportunities. From the job seeker perspective, there is simply no larger or more comprehensive source of high-quality six figure jobs anywhere in the world. Currently, the site has over 38,000 high paying jobs listed.

"When harnessed properly, the Internet is the ultimate talent sourcing tool," commented TheLadders.com Founder and CEO Marc Cenedella. "But the traditional job site business model leads to abuse of the system. As the online job-seeker logic goes: if it's free to apply to any job, why not increase the odds by applying to every job. With TheLadders.com, we've created a system focused on top quality jobs for top quality talent."

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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