Hospitality Industry Bounces Back With Record-Breaking Recruitment Results

The company generated more than $350,000 in North American and United Kingdom revenues. This compares to $200,000 during the same period in 2001.

More and more companies are using online job boards, like Hcareers, in the recruitment process. IDC states that the worldwide e-recruiting services market grew 53% in 2001 to $2.8 billion. According to Goldman Sachs*, this can be attributed to the reduction in advertising costs. For example, a 30-day classified advertisement in a major metropolitan newspaper costs, on average, $3,295 versus an average of $167 for a listing to remain on one of the major job boards for 30 days.

This result is encouraging because it shows the hospitality industry is hiring again, which is positive news for our industry as a whole, said David Curry, president & CEO of Hcareers. Hcareers has more hospitality job postings than any major newspaper in North America and offers the best reach for employers'' advertising dollars. With 2.3 million visits per month, no newspaper can provide as many hospitality eyeballs.

This success is also a reflection of the persistence and effort the Hcareers team has put in during the past months. To celebrate, we took the entire team out on a harbor cruise to thank them for their dedication and hard work, he added.

Hcareers achieves five times more hospitality-specific visits than Monster.com. Job seekers can search thousands of hospitality openings across the country, by state, metro area or position category. More than 7,000 current openings have been posted in the last 45 days alone.

About Hcareers
Launched in 1998, Hcareers operates three sites, Hcareers.com (U.S.), Hcareers.ca (Canada) and Hcareers.co.uk (United Kingdom, Ireland), which all focus solely on hospitality career openings. Job seekers who visit Hcareers can search a database of 7,000 hospitality-industry job openings. Hcareers localizes its listings to make it easy for site visitors to search for positions by region of the U.S., by state or by metropolitan area. A dominant force in hospitality-industry recruiting, the site attracts 2.3 million job-seeker visits each month, and has had 32,000 resumes posted by job-seekers in the last 90 days. Hcareers also sends out a bi-monthly email newsletter to more than 200,000 people interested in news and advice on hospitality-industry careers. For more information, please go to www.hcarrers.com

* Goldman Sachs Investment Research - Internet Recruiting. Based on the average cost of a job posting on Jobs.com, Monster, HotJobs, CareerPath and CareerMosaic