| September 14, 2000 Online Recruiting Industry Will Hit $8 Billion Mark By 2005 According to Hunt-Scanlon Advisors Stamford, CT, September 14, 2000 - The nascent Internet recruiting industry is poised for explosive growth, as worldwide revenues are forecasted to grow from $250 million in 1999 to almost $8 billion by 2005, according to research released today by Hunt-Scanlon Advisors' market intelligence unit. Hunt-Scanlon estimates the demand for vendors providing web-based recruiting solutions will expand exponentially in the next few years as corporations adapt multi-pronged online recruiting strategies for filling high-to-mid-to-lower level positions. Hunt-Scanlon's online recruiting industry projections appear in the company's September issue of Executive Search Review. "Shorter employment tenure, a shrinking labor pool and the need for technology workers are the three macroeconomic trends we see fueling this growth," said Brian P. Lee, chief market strategist at Hunt-Scanlon. "The Internet recruiting industry remains highly fragmented and it is continually evolving," said Mr. Lee, with vendors constantly providing employers with new and improved technology-based solutions for attracting, measuring and recruiting human capital. Scott A. Scanlon, chairman and CEO of Hunt-Scanlon, said that he anticipates corporate expenditures for these online recruiting services to increase dramatically in the next few years as corporate end-users upgrade their hiring methodologies, strategies and technologies for finding talent. "We still see no clear choice on which online recruiting model works best, so the opportunities for everyone in the business remain wide open," said Mr. Scanlon. ABOUT HUNT-SCANLON Hunt-Scanlon Corporation (www.hunt-scanlon.com) is the leading authority on the executive search and online recruiting industries, providing a range of information products and services relating to executive search, staffing, Internet recruiting, human resources and corporate diversity. These include daily real time newswires, the monthly newsletters Executive Search Review, Online Recruiting Strategist and Diversity Monitor, as well as directories of executive recruiters and Select Guides to executives in six functional staff areas (top management, human resources, finance, information technology, sales and marketing). Hunt-Scanlon is a widely quoted news source frequently referenced in The Wall Street Journal, Fortune, BusinessWeek, The New York Times, Investors Business Daily, Bloomberg Newswires and Crain's. Through a separate operating unit, Hunt-Scanlon Advisors, the firm also provides comprehensive market intelligence studies, market trend surveys and forecast indicator reports on the executive search and online recruiting industries to major corporations. The company's flagship recruitment portal for senior executives, hunt-scanlon.com, is a growing online marketplace connecting buyers and sellers of recruiting services worldwide. Within this portal, Hunt-Scanlon operates four leading web sites, including executiveselect.com, recruiterlink.com, diversityonline.com and leadersonthemove.com. A third operating unit of Hunt-Scanlon, the Institute for Corporate Diversity, is the leading diversity database and research publisher in the U.S. Hunt-Scanlon acquired the diversity institute in 1999 and now publishes Diversity Monitor, the monthly trade newsletter, as well as Diversity in Corporate America, the largest diversity reference guide in the U.S. Contact Information:
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