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TheLadders.com Revolutionizes the Recruiting Process


Launch of Innovative My Applicants Tool Gives Recruiters Power to Reply to Every Job Seeker

NEW YORK (September 28, 2006) - TheLadders.com, the world's leading online service for $100,000+ jobs, has created an innovative solution to address one of the biggest complaints job seekers have about the recruiting process: the lack of response from recruiters after applying for a job. My Applicants is the new timesaving tool that empowers recruiters to quickly source high quality candidates as well as efficiently respond to every job seeker who applies for a position.

My Applicants is an online candidate management tool integrated with email that enables recruiters logged into TheLadders.com to communicate with job seekers. With My Applicants, recruiters can confidentially contact multiple candidates at once, sending automated responses that either request more information or provide polite declines.

"Before My Applicants, recruiters just didn't have the time or resources to respond to every person who applied to the jobs they posted," said Marc Cenedella, president and CEO of TheLadders.com. "This rapid response tool gives recruiters everything they need to find the best candidates, manage the search process and provide feedback to job seekers waiting to hear whether or not they're the right fit."

TheLadders.com leveraged the latest web technology to incorporate another innovative time saving element into My Applicants. "Quick Look" is the interactive feature that allows recruiters to view summaries of each applicant without ever having to leave the main page. Recruiters can simply move the cursor over candidates' names and view snapshots of their resumes and cover letters. This intuitive design saves time by giving them instant access to the information they need to make a decision about each applicant.

My Applicants also helps recruiters manage the candidate search process from start to finish. Through the "Manage Jobs" feature, recruiters can view and organize the status of all of the positions they have posted on the site. The jobs can be sorted by date and location as well the number of candidates who viewed the position or the number of job seekers who have applied for the position. Jobs can also be easily accessed and edited, removed or reposted by a single click. The "Manage Applicants" feature allows recruiters to easily view the status of each applicant in their queue.

My Applicants - Key Features:

- Immediate Feedback - Empowers recruiters by giving them the tools to quickly and easily respond to all applicants and request more information or provide polite declines via an automated response.

- "Quick Look" Applicant View - Allows recruiters to easily scan the cursor over the candidate's name to view a resume or cover letter, eliminating the need to open another window.

- Manage Applicants - Provides recruiters with an easy way to view all candidates for each position, with separate tabs for prospective and declined applicants.

- Manage Jobs - Gives recruiters the power to quickly view the status of all jobs posted on the site. Jobs can be viewed altogether, or in separate tabs marked "active," "pending" and "expired".


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