Looking for a New Job on the Company Dime?
Over Half of Executive-Level Employees Surveyed by Executive Job Search Service TheLadders.com Say They Search Job Listings at Work
NEW YORK (September 7, 2004) - As America's executives get back to business this week, many of them will be toiling at computer screens in pursuit of corporate milestones. But, many will be in pursuit of another goal: a new job. According to a survey conducted by executive job search service TheLadders.com, 52% of executives in the $100k+ job market said they search new job listings at work.
Though the majority of executives surveyed are pushing the bounds of workplace ethics, a significant 48% said they do not search job listings at work. The survey of 1,009 registered $100k+ executives was conducted by TheLadders.com from July 1, 2004 through July 31, 2004. The margin of error is +/- 3.07%.
The rapid rise in online recruiting is helping to fuel this phenomenon. When asked in a related survey: "Has the Internet made job-seeking easier or harder?" 63% of executives surveyed by TheLadders.com said that it's made job-seeking easier. Just 37% said that the Internet has actually made things harder. That survey, also conducted online by TheLadders.com from July 1, 2004 through July 31, 2004, polled 716 executives with a margin of error of +/- 3.65%.
"Using company resources to seek a new position is nothing new, but the Internet has made the process a lot more pervasive," explained TheLadders.com founder and president, Marc Cenedella. "With many companies monitoring workers' Internet and e-mail habits, it's also become a risky proposition. While it is completely ethical to search for a new job when you are still employed by someone else, using the employer's resources to do so is not."
Now reaching over 120,000 readers, TheLadders.com has succeeded in this exclusive slice of the market by turning the traditional recruitment business model upside down: it does not accept money from hiring firms, recruiters, or recruitment advertising agencies. Each month, the TheLadders.com team of experts reviews over 160,000 jobs to select more than 10,000 jobs for inclusion in their weekly newsletters. The company searches the Internet for job postings, or, alternatively, employers can list them free of charge - a critical difference from traditional job boards because it enables TheLadders.com to list every appropriate $100k + job opening on the market, not just paid listings.
This distinction allows TheLadders.com to filter out any questionable job listings that do not meet the company's standards. TheLadders.com does not charge a fee for its basic job leads newsletter for job seekers. Instead, it generates revenues by offering a premium service to job seekers, which includes a greater number of job listings, more detail, early delivery, and more features for $30 per month. TheLadders.com's premium service fee keeps unqualified candidates out of the applicant pool and, thus, encourages employers to look at TheLadders.com applicants first.
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.