iLogos Research Study Reveals Significant Careers Web Site Recruiting Trends of the Fortune 500

Leading Fortune 500 companies recognize the importance of utilizing advanced technology to optimize human capital in today's economy

San Francisco, CA – December 6, 2001 –

iLogos Research (www.ilogosresearch.com), the leading research and consulting firm covering online human capital management (HCM) trends and best practice methodologies, announced today a study, Trends in Fortune 500 Careers Web Site Recruiting, that reveals several key findings about current Web site recruiting practices employed by Fortune 500 companies. This report serves as an update to Best Practices for Fortune 500 Career Web Site Recruiting, which was released by iLogos Research in November 2000. iLogos Research is a division of Recruitsoft, Inc., the leading provider of online staffing management solutions. iLogos has been providing primary data and analysis about the adoption of corporate Web site recruiting since 1997.

"In any economic environment, there is always a need for top talent, but those professionals are buried among the mass of job-seekers," said Yves Lermusiaux, founder and president of iLogos. He added, "In todayâs economy, companies are being inundated with information about candidatesâ skills and interests. Companies using advanced Web-based staffing management technologies will be able to collect and store invaluable candidate information, allowing for the identification of that essential talent quickly. Utilization of advanced technologies provides global companies with a truly scalable solution, allowing them to most efficiently address recruiting challenges and deployment opportunities that may arise in the future," said Lermusiaux.

The corporate Careers Web site best practice that has exhibited the highest rate of growth in the Fortune 500 over the past year is the use of job-specific pre-screening tools. Online pre-screening tools separate qualified from unqualified candidates by identifying candidates with the necessary skills, leveraging the self-service power of the Internet. A job-specific pre-screening tool tailors an online test or questionnaire to pre-qualify the candidate in light of the unique requirements of each job position. Pre-screening Tools may be designed for generic online pre-screening, questions-based pre-screening and skills-based pre-screening.

The iLogos study found that 13 percent of the Fortune 500 are using "Job Agent" technology compared with just six percent in 2000.During a visit to a companyâs Careers section, a jobseeker may register with a "Job Agent" to be informed if a position matching his or her job skills and interest is available today or arises in the future.

Overall adoption of best practices for corporate Careers Web site recruiting has increased at different rates from 2000 to 2001. Significant trends of high year-to-year growth in specific, leading edge best practices includes:

Major Trends in the Fortune 500

In 2001, among Fortune 500 companies:

• 89% have a Careers section on the corporate Web site.
• 75% post job positions on the Careers section of the corporate Web site.
• 74% post job positions and accept applications on the corporate Web site.

Additionally, 66 percent of Fortune 500 gave jobseekers the option of responding offline to job positions posted to the corporate Careers Web site, in 2001, representing a significant decline from 73 percent in 2000. This shows a definite trend to go to an all digital response and process mechanism among large corporations.

"Worldwide, companies continuously look to the Web for the most efficient technology to help effectively attract, convince, capture, retain and re-deploy talent across their organizations," said Yves Lermusiaux, founder and president of iLogos Research. He added, "Based on the results of the 2001 survey, Fortune 500 companies are adopting more advanced Web-based technologies in an effort to fully integrate features that optimize the corporate Web site careers section and also to address the opportunities and challenges they face in finding top talent in any economy. We have already seen and expect that most large US companies will continue to move toward adopting more of the tactics necessary to fully support its staffing efforts and integrate the recruiting supply chain÷online."

Editor's Note: The executive summary can be downloaded at www.ilogosresearch.com/iLogosTrendsF500. This report is based on a survey of the corporate Web sites and Careers Web sites of the Fortune 500 group of companies. The list of companies is from Fortune Magazine based on financial results from 2000. The list is published at the beginning of the second quarter of each year.

About iLogos Research
iLogos Research analyzes best practices and innovative information technologies to provide intelligence, strategies and results-based consulting for large corporations, to optimize human capital assets. The research-driven consulting practice produces primary data on industry trends, impact of new technologies, best practice methodologies and benchmarking to provide fundamental metrics and recommend intelligence-based actions.

Published reports and studies include Best Practices for European 500 Career Web Site Recruiting; Perception vs. Reality: Jobseeker Behavior Online; Best Practices for Fortune 500 Career Web Site Recruiting; Global 500 Web Site Recruiting Surveys; Lessons from the Global 500, 1999; and Achieving Results with Internet Recruiting, 1998. Founded in 1997 as iLogos Internet Intelligence, iLogos Research today is recognized as the most rigorous source of data for human capital Internet-related issues.

iLogos Research (www.ilogosresearch.com) is the independent research and consulting division of Recruitsoft. Recruitsoft is the leading provider of online staffing management solutions for Global 1000 companies.

About Recruitsoft
Recruitsoft powers enterprise-wide staffing management for leading companies across many industries. Among Recruitsoft clients are Hewlett-Packard, Dow Chemical, The Gillette Company, Hyatt Hotels, Air Canada, Bank of Montreal, Nokia, Thompson Holdings, Deloitte & Touche, Canadian Tire, TELUS, Bombardier, MetLife and UnitedHealth Group. Recruitsoft provides a complete solution for staffing management, including the software, services, and computing infrastructure to enable HR departments to rapidly improve staffing processes. Recruitsoft is considered to be the best-practice solutions provider for staffing management, based on its proprietary ACE Staffing™ methodology, designed in collaboration with large corporations to improve corporate staffing processes, from entry to redeployment.

In recognition of its exceptional recruiting methodology and technologies, Recruitsoft has received many accolades, including: "Best Overall Customer Satisfaction", ERE Research, July 2001;"Best Response Time", RPK Group, September 2001; "Best Hiring Management System (HMS)", HR.com, 2001; "Top 100 B2B Internet Suppliers& VerticalZOOM™, October 2000; "ASP of Distinction", VARBusiness, September 2000; and "Top 10 HR Products of the Year" - Human Resources Executive.

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