Monstermoving.com Launches Corporate Relocation Solutions; Equips Corporations with Essential International and Domestic Employee Relocation Information

Business Wire, Oct 10, 2001

Business/Technology Editors

NEW YORK--(BUSINESS WIRE)--Oct. 10, 2001

Monstermoving.com, a leading online source of relocation information and a division of Monster.com(R), the flagship brand of TMP Worldwide Inc. (NASDAQ:TMPW), today announced the launch of Monstermoving Corporate Relocation Solutions, which provides in-depth relocation information and support tools to companies that relocate employees internationally and domestically.

Monstermoving Corporate Relocation Solutions supports both domestic and international transferees through online relocation centers. The U.S. Relocation Center provides a broad range of resources such as customized community profiles and orientation information, real estate agent referrals, a move planner, address change tools and utility transfer services. The International Relocation Center features a comprehensive overview about moving abroad, connections to expatriate communities and country-specific destination content including housing, schools, healthcare, transportation, social customs, and business practices.

Corporations invest significant resources to support employee relocations -- spending approximately $50,000 to relocate an employee domestically and up to $1 million to relocate a highly compensated employee internationally (National Foreign Trade Council, 2001). According to the Employee Relocation Council, some companies are reporting up to 20% of international assignments as failing, making the demand for comprehensive relocation resources clear. Monstermoving Corporate Relocation Solutions provides employers customizable, online relocation tools and information to complement their existing relocation services. The solution delivers direct time and cost saving benefits to the employer by providing transferees direct and instant access to essential relocation support.

Monstermoving boasts an impressive roster of more than 200 of the largest corporations in the U.S. including, JP Morgan Chase, Fed Ex Express, GlaxoSmithKline, Cargill, HSBC, General Motors and Siemens. These firms recognize the need for relocation tools and information that reduce costs and increase employee retention, effectively bridging the gap between the complex needs of relocating employees and basic logistical assistance.

"The successful relocation of an employee and his or her family has a significant impact on employee productivity, and ultimately, employee retention," said Scott Craighead, senior vice president of Corporate Relocation Services, Monstermoving.com. "Monstermoving Corporate Relocation Solutions greatly enhances the relocation process by providing critical and relevant information which empowers the transferee and provides a sense of ownership and control over the process."

About Monstermoving.com

As one of the world's largest online marketplaces of relocation information, services and moving-related decision support tools, Monstermoving.com simplifies the way people move by leveraging the power of the Internet to successfully manage all stages of the relocation process. Monstermoving.com provides a comprehensive array of moving-related services and relocation tools, designed to reduce the time, cost and stress associated with moving. Monstermoving.com is a division of Monster.com, the flagship brand of TMP Worldwide. More information about Monstermoving.com is available at www.monstermoving.com.

About Monster.com

Monster.com, headquartered in Maynard, Mass., is the leading global careers website, recording over 28 million unique visits during the month of August 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.

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 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 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.