Recruitsoft / iLogos Research Introduces Fortune 500 Corporate Internet Recruiting Trend Watch

Trend Watch Reports that 76% of Fortune 500 Post Jobs On Corporate Websites

Recruitsoft / iLogos Research (www.ilogosresearch.com) today announced the launch of its new Trend Watch program, which will periodically report on corporate Internet recruiting trends. In its initial Trend Watch, Recruitsoft / iLogos Research reports that 76 percent of Fortune 500 companies post jobs on their corporate Web sites and 71 percent accept job applications on their corporate websites. Future Trend Watches will further examine this practice by industry and Career Web site best practices.

"It’s interesting to note that while 76 percent of the Fortune 500 post jobs on their career Web sites, less than 10 percent of the Fortune 500 have hiring management systems in place," said Yves Lermusiaux, president of iLogos Research and Recruitsoft VP of Strategy and Content. "Clearly the country’s largest corporations understand the value of utilizing their Web sites as a front-end to recruit in today’s job market. Their next challenge is to handle the flow and volume of applicants to rapidly identify quality candidates."

The following results are published in the first Trend Watch, available online at www.ilogos.com/trendwatch/

Fortune 500 Companies’ Corporate Career Web Site Practice
76% post jobs on their corporate Web site careers section
71% accept job applications on their corporate Web site

About Recruitsoft
Recruitsoft delivers the most complete online recruiting solutions for leading companies across many industries. Among the company’s clients are United Airlines (NYSE: UAL), Bombardier Aerospace and Transportation, MetLife, Cabletron Systems (NYSE: CS), and Sutter Health. The company’s Recruiter WebTop™ application service integrates the entire recruiting supply chain and powers 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, designed in collaboration with large corporations to re-engineer and streamline the corporate recruiting process. Recruitsoft recently announced several alliances through which it became the first HMS to integrate all areas of candidate sourcing. These services, accessible via one click, include: job postings on the corporate Website, the company Intranet, job boards, advertising in all print media and, importantly, contract-assisted candidate sourcing.

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.

About Recruitsoft / iLogos Research
Recruitsoft / iLogos Research studies and monitors trends in the Internet recruiting industry and periodically publishes reports and indices.

The research-driven practice is dedicated to understanding the needs of, and providing intelligence for large corporations looking for ways to win in today’s competitive human capital world. Recruitsoft /iLogos Research produces data on industry trends, best practice methodologies and benchmarking to provide fundamental metrics and intelligence-based actions. Specializing in the impact of new technologies on human capital acquisition among large corporations, iLogos Research monitors, analyzes and forecasts innovative technologies, Internet strategies and break-through practices that allow corporations to optimize and adapt their practices. Founded in 1997 as iLogos Internet Intelligence, iLogos was acquired by Recruitsoft in September 1999 and today remains a leading industry source of intelligence.

Recruitsoft / iLogos Research published reports and studies include Global 500 Web Site Recruiting, 2000 Survey; Lessons from the Global 500, 1999; and Achieving Results with Internet Recruiting, 1998.

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