TheLadders.com Membership Reaches Record High
31 May 2006
TheLadders.com, the world's leading online service for $100,000+ jobs, today announced it has surpassed 750,000 members, adding 200,000 new members in just over six months. This exponential growth further demonstrates the viability of the company's innovative business model and confirms its position as the most comprehensive resource for $100k+ jobs.
The increase in membership is largely attributable to the popularity of TheLadders Professional Network, which has earned praise from recruiters and job seekers. With TheLadders Professional Network, both recruiters and job seekers are able to create profiles, search the network's database and, notably, send communications to each other, a first in online recruiting.
"TheLadders.com has skyrocketed to over three-quarters of a million subscribers in just under three years," said Marc Cenedella, founder and CEO of TheLadders.com. "I'm thrilled with this fantastic growth because it means more than just our success. It means that both job seekers and recruiters are having the best possible experience on our site and spreading the word. Our core commitment to our customers is a great benefit to our growing community."
TheLadders.com, recently ranked as one of the top 10 career sites by comScore Media Metrix, has reinvented the traditional online recruitment model by generating revenue from job seekers' monthly subscriptions rather than employer postings. Motivated, quality job seekers pay $30 per month to access the service while employers and recruiters post $100k+ positions at no cost.
By simplifying the job search process and only featuring top-tier positions for professionals in the $100,000+ job market, TheLadders.com provides users with significant time and cost savings. Each month, TheLadders.com lists more than 30,000, pre-screened $100k+ positions across a range of market sectors, including finance, marketing, operations, sales, law and technology. TheLadders.com also offers valuable career insights and advice from industry experts for both job seekers and recruiters.
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, Former CEO, DoubleClick, Tom Matlack, Megunticook Management, and Robert Chefitz, NJTC Venture Fund. More information about TheLadders.com can be accessed at http://www.theladders.com.
Source: prnewswire
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