Business Services Industry
TMP Worldwide Survey Indicates Advancement Potential and Money Motivate New York Lawyers' Job Searches
Business Wire, August 28, 2002
Business Editors
NEW YORK--(BUSINESS WIRE)--Aug. 28, 2002
TMP Worldwide Inc. (NASDAQ: TMPW):
New York Lawyers List Online Job Sites as their Preferred Job Resource
and Cite Key Factors when Seeking New Job Opportunities
TMP Worldwide Inc. (NASDAQ: TMPW), the world's leading supplier of human capital solutions, including the pre-eminent Internet career portal Monster(R), today released the findings of a new survey polling more than 300 lawyers in the New York metropolitan area.
The results of the survey indicate that the top decision factors for New York lawyers seeking new job opportunities are opportunity for advancement (23%) and compensation (23%).
Conducted by TMP Worldwide eResourcing's Legal Solutions Group, the survey also revealed that other important factors include quality of life (19%), corporate culture/relationship with co-workers (14%) and boss/supervisor (9%). Less important factors cited included job stability, substance or quality of work, practice area and length of commute.
"New York lawyers work extremely hard, and these findings show that they want to be rewarded for that work with better compensation and clear opportunities for career advancement," said Todd Caissie, Vice President for TMP Worldwide eResourcing's Legal Solutions Group. "Our survey suggests that law firms should focus retention efforts on providing a clear partner track and competitive bonuses for strong performers and lateral hires."
In addition, the TMP Worldwide eResourcing survey asked New York lawyers to list the preferred tools they use when searching for job opportunities. Online resources like Monster topped the list of resources used, with traditional media outlets following to round out the top five spots. Local newspapers, legal periodicals and the New York Law Journal ranked third, fourth and fifth respectively. The average respondent indicated they use at least three different tools, with only a small number (4%) naming only one medium. "A wealth of resources, both online and off, exist for job seekers," added Caissie. "More and more lawyers are looking to the Internet as a source to find jobs."
The eResourcing survey polled more than 300 attorneys in the greater New York metropolitan area. Respondents came from a wide range of firm sizes and cultures, with an average size of 190 and a median size of 70 attorneys.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., with more than 8,500 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 parent company of Monster, the leading global online careers property, 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.
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