Hi Mom! I'm Home.; 63 Percent of College Students Plan to Live At Home with their Parents after Graduation

MAYNARD, Mass., May 20, 2002 (BUSINESS WIRE) -- Historically, graduation from college has signaled a new freedom of officially living on one's own. However, there is a rising trend towards living at home after graduation, which is compounded by the current tough job market. According to a recent MonsterTRAK poll, 63 percent of students plan to live with their parents after graduation. MonsterTRAK, the definitive career resource for college students and alumni, is a product of Monster(R), the leading global online careers site and flagship brand of TMP Worldwide Inc. (NASDAQ: TMPW).

In an online poll conducted May 6th - May 13th, MonsterTRAK asked, "How long do you plan to live with your parents after graduation?" --A total of 1,612 votes were cast, revealing:

--0 months. Been there, done that. (594 votes) 37%
--One to six months. (436 votes) 27%
--Seven months to one year. (221 votes) 14%
--More than one year. (361 votes) 22%

"Students are beginning to realize that they are not going to command the high salaries like previous graduating classes did during the economic boom," said Ken Ramberg, senior vice president of MonsterTRAK. "Fiscal responsibility is crucial for students given the current high cost of living and the tough job market; not to mention living at home enables students to begin accumulating savings and paying down their debts."

Recently recognized as the Best College/New Grad Jobs Site by Yahoo! Internet Life magazine (May 2002), MonsterTRAK teams-up with over 1,350 college and university career centers, MBA programs, alumni associations and student groups, providing more entry-level jobs than any other career management entity, on- or offline. Since its inception in 1988, more than 500,000 employers have utilized MonsterTRAK to post full-time, part-time and internship opportunities.

The results of the current MonsterTRAK poll are based on votes cast by MonsterTRAK users from May 6th to May 13th, 2002 on the homepage of MonsterTRAK (http://www.monstertrak.com). Only one vote per user is counted toward the final tabulation. The content of the MonsterTRAK site is targeted specifically to college students and is a password-protected site. Only students and alumni who have a password from their career center can go further than the homepage. Anyone interested in voting in MonsterTRAK's current online poll may do so by logging onto MonsterTRAK at www.monstertrak.com. Users may review the results of past polls by going to http://content.monstertrak.monster.com/polls.

About Monster

Monster, headquartered in Maynard, Mass., is the leading global careers website, recording over 47 million unique visits during the month of April 2002 according to independent research conducted by I/PRO. Monster connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Scotland, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. Monster is the official online career management services sponsor of the 2002 Olympic Winter Games and 2002 and 2004 U.S. Olympic Teams. More information about Monster is available at www.monster.com or by calling 1-800-MONSTER.

About TMP Worldwide

Founded in 1967, TMP Worldwide Inc., with more than 10,000 employees in 32 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and Executive Selection agencies. TMP Worldwide, headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 490 of the Fortune 500 companies. In June 2001, TMP Worldwide was added to the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com.

Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

CONTACT:

Monster
Kevin Mullins, 978-461-8751
kevin.mullins@monster.com
or
Weber Shandwick Worldwide
Kelly Sullivan, 617-520-7239
ksullivan@webershandwick.com