Dow Chemical Chooses Recruitsoft to Power Its Enterprise Recruiting

Recruiter WebTop™ Selected to Integrate and Automate Dow's Global Recruiting Supply Chain

San Francisco, CA – (BUSINESS WIRE) – December 6, 2000 –

Recruitsoft, the leading provider of Web-based hiring management systems for large corporations, today announced that Dow Chemical (NYSE: DOW) has selected Recruitsoft's Recruiter WebTop™ to power its worldwide corporate recruiting process. Dow, a leading science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets, employs 39,000 employees worldwide, and serves customers in 162 countries.

"We are extremely pleased that Dow Chemical, an undisputed leader in science and technology, has selected Recruitsoft to power its enterprise recruiting, further demonstrating its commitment to innovation and leading edge technology," said Louis Tetu, CEO of Recruitsoft. "We are looking forward to working with the human resource professionals at Dow as a true partner to automate and optimize the company’s global recruiting process and to enhance its strategic contribution. As with any other important business process, recruiting brings together several suppliers and internal customers into a supply chain. Our system will integrate gateways and communication among these participants—worldwide—for Dow, to provide a truly holistic and integrated view of the recruiting supply chain that accelerates and optimizes transactions among the various players.”

"Working with Recruitsoft will enable us to increase the efficiencies in and effectiveness of our recruiting operations tremendously," said Jon Walker, Global Human Resources Project Director of Dow. "We are particularly impressed with Recruitsoft’s long-term vision, and the company’s consultative approach, both of which will help to significantly enhance our hiring efforts. Recruitsoft will help us to streamline and optimize this process, providing substantial savings not only in financial terms, but more importantly in company-wide productivity levels."

Recruitsoft’s Recruiter WebTop™ solution automatically pre-screens and identifies ACE candidates based on their scores as measured through an interactive pre-screening questionnaire and by the number of assets candidates have that were pre-selected as important to the position by the recruiter. Recruiters are then immediately e-mailed “ACE Alert” profiles of the candidates that have met their criteria, and candidates are often contacted by a recruiter within minutes after completing a questionnaire. The process results in a faster, more efficient hiring process with less paperwork for recruiters, giving recruiters more direct contact with qualified candidates.

About Dow Chemical
Dow is a leading science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $19 billion, Dow serves customers in 162 countries and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 39,000 employees seek to balance economic, environmental and social responsibilities. More information on Dow can be found on the company's Web site at www.dow.com.

About Recruitsoft
Recruitsoft delivers the most complete online recruiting solutions for leading companies across many industries. Recruitsoft clients include MetLife, Hasbro, Deloitte & Touche, Bombardier Aerospace and Transportation, Cabletron Systems (NYSE: CS), and Sutter Health. The company’s Recruiter WebTop™ application service provides a complete business application over the Internet to power the career Web pages of large corporations, leading to faster time-to-hire, lower cost-per-hire, and ultimately, increased quality of hires. Recruitsoft introduced the pay-per-hire fee structure to the Web-based recruiting industry and is considered to be the best-practice ASP for recruitment management solutions, based on its proprietary ACE Recruiting™ methodology. Recruitsoft is the first HMS to integrate all areas of candidate sourcing. These services are available via one-click and include: job postings on the corporate Web site, the company Intranet, job boards, advertising in all print media, contract-assisted candidate sourcing and access to staffing services and job exchanges.

Recruitsoft is funded in part by Telesystem Software Ventures LP (Telsoft), a venture-capital arm of Telesystem Ltd., a Red Herring Top 100 company; and by Omnicom (NYSE:OMC), the world’s leading provider of marketing communications and advertising services, through its Internet investment arm, Communicade.

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