Working from Home Not a Factor for High Pay Execs

New York, NY (July 6, 2004) ñ With the job market back on track, executives are now in a better position to start shopping for perks: Whatís at the top of their lists? Not the flexibility to work from home, says a survey of 1,078 executives in the 100k job market conducted by executive job search service TheLadders.com, www.theladders.com. Despite the growing trend towards telecommuting, only 18.7% of the executives surveyed ranked working from home as a ìvery importantî priority.

ìE-mail and the World Wide Web are extremely powerful tools. We obviously love them here at TheLadders.com as our whole business is based on them,î explained TheLadders.com founder and president, Marc Cenedella. ìBut our readers, who represent a cross section of the nationís top 100K talent, obviously recognize that distance can be a distraction and that a warm human face beats the glow of a desktop when it comes to doing great work at senior levels.î

While few of the survey respondents ranked working from home as a very important perk, most (36.6%) would take advantage of it if it was offered. Leaning a bit more towards the allure of the home office, 34.3% of the executives surveyed said that the flexibility to work from home is ìimportant, but not a deal-breaker.î Just 10.4% of those surveyed said theyíd rather not have the option at all, preferring instead to work in the office.

The survey of registered 100k executives was conducted on TheLadders.com Web site from June 14, 2004 through July 2, 2004.

Now reaching over 105,000 readers, TheLadders.com addresses the specialized needs of the high-end market by turning the traditional recruitment business model upside down. Each month, the TheLadders.com team of experts reviews over 160,000 jobs to select more than 7,000 jobs for inclusion in their weekly newsletters. The company searches the Internet for job postings, or, alternatively, employers can list them free of charge ñ 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 companyís 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 25 dollars per month. TheLadders.comís 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 companyís 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.comís unique business model as a key to its sustained growth.