TMP Worldwide Survey Reveals that Companies are Still Actively Recruiting for Permanent Staff
Three out of Four Tri-state Companies Polled Continue to Hire Despite Economic Downturn and Events of September 11
NEW YORK, Jan 8, 2002 (BUSINESS WIRE) -- TMP Worldwide Inc. (NASDAQ: TMPW), the world's leading supplier of human capital solutions, including the pre-eminent Internet career portal Monster.com(R) and the world's largest Yellow Pages advertising agency, today released results from a new survey of human resource executives in the New York tri-state area showing that many companies are still actively hiring.
The majority of companies polled (76 percent) in the survey said they are still actively recruiting for permanent staff despite the current economic situation and the events of September 11.
The survey, conducted by TMP Worldwide eResourcing North America, also found that among the companies currently recruiting, 58 percent are filling new and replacement positions, and the top three areas where they are seeking to fill positions are senior management (45 percent), information technology (35 percent) and sales (33 percent). Of those companies not currently recruiting, the majority reported that they expect to begin recruiting again within the next six months.
In addition, the TMP Worldwide eResourcing survey pointed to the increasingly visible and vital role that many HR departments are playing at companies during these uncertain times. Ninety-two percent of respondents indicated that, as representatives to and facilitators of the employee population, their HR organization is a member of their company's strategic management team. Many also noted that they are working closely with management to become a more integral part of the decision-making process. Survey respondents also indicated that they are putting much of their current efforts into focusing on employees needs by looking at more flexible working hours, establishing more career development programs, reviewing compensation plans, analyzing HR systems and developing employee Web portals.
"Despite the concern over joblessness in the tri-state area, our survey shows there is still demand for skilled, talented workers. We also found that HR departments are playing an increasingly essential role within companies since the events of September 11," said Oren Klaber, Director of Recruitment Solutions at TMP Worldwide eResourcing North America. "As one of the largest recruiting and staffing firms with a direct line of communication into big and small companies alike, we are ideally positioned to continue monitoring the recruitment landscape and human resource trends."
The eResourcing survey polled a total of 120 HR executives at large (more than 5,000 employees), medium (between 500 and 5,000 employees) and small (less than 500 employees) companies throughout the tri-state area representing the following industries: finance, consumer goods, pharmaceutical/healthcare, IT and retail. Other survey findings that further underscore the impact of September 11, include the fact that many of the respondents' companies are evaluating internal communication tools to better communicate with employees, and many are more focused on work/life issues and providing workers with a more balanced life.
For more information on the survey and TMP Worldwide's eResourcing North America unit, please visit http://na.eresourcing.tmp.com.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., with more than 10,500 employees in 33 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search & 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 480 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.
The eResourcing division of TMP Worldwide is a leading provider of global human capital solutions, with a comprehensive network of offices employing over 5,400 staff, across 32 countries. The division operates across all major industry sectors and also covers multiple disciplines with specialist teams in Accounting & Finance, Sales & Marketing, Legal, Human Resources, Learning & Development, Information Technology and Engineering. Additionally, eResourcing covers the Manufacturing, Consumer, Supply Chain, Energy & Utilities, Public Sector and Financial Services sectors. For more information please visit our website at www.eresourcing.tmp.com.
Monster.com, headquartered in Maynard, Mass., is the leading global careers website, recording over 29.1 million unique visits during the month of November 2001 according to independent research conducted by I/PRO. Monster.com 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.com 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, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. Monster.com 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.com is available at www.monster.com or by calling 1-800-MONSTER.
Special Note: 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.