Fireman's Fund Insurance Company Optimizes Recruiting Efforts And Reduces Operating Costs with Hire.com; Online Recruiting Solutions Reduced Recruiting Agency Fees by 66%

Business Wire, June 4, 2002

Business Editors & High-Tech/Insurance Writers

AUSTIN, Texas--(BUSINESS WIRE)--June 4, 2002

Hire.com, the leading provider of talent management solutions, today announced that Fireman's Fund Insurance Company (FFIC), nationwide provider of property and casualty insurance, has achieved significant recruiting and hiring results through the use of Hire.com technologies, reducing operating costs and increasing productivity across the organization.

Through the use of Hire.com's integrated Recruiting Center and Sourcing Center solutions, FFIC has built and maintains a private talent community of more than 50,000 of the industry's most qualified applicants, ensuring available candidates are on hand to fill open positions as they become available.

"Using Hire.com has definitely helped us put more high-quality candidates into more jobs faster, which means a stronger workforce, stronger customer service, and a stronger company," said Carrie Sue Weston, Human Resources Marketing Manager for Fireman's Fund Insurance Company. "By using Hire.com to power our corporate career site, we have increased the capture rate of visitors at our site and decreased the time each recruiter spends sifting through unqualified candidate resumes, consequently driving efficiency not only for the HR department, but the company as a whole."

FFIC has been using Hire.com solutions since June 2001. Within five months of implementing Hire.com's solutions, FFIC decreased resume processing fees by 46 percent, and through an improved "continuous recruiting" program, experienced a 66 percent reduction in contingent agency fees. Additionally, FFIC realized a 145 percent increase in captured candidate data from the career site, as well as a 40 percent reduction in the amount of unqualified material recruiters would need to review. Hire.com's Candidate Mining tools continue to help grow FFIC's 50,000-member private candidate community of the industry's top talent, allowing them to increase the quality of each hire.

"Fireman's Fund Insurance Company is the prime example of a forward-thinking company that has realized the business benefits of efficient recruiting processes," said Kevin Bethke, CEO of Hire.com. "And not only did FFIC put technology in place to recruit and hire in busy times, but in slower hiring periods the company is still able to draw from their own private talent pool to fill open positions with the most qualified candidate available. We look forward to continuing our partnership with FFIC."

About Hire.com Solutions

-- Enterprises around the world use Recruiting Center to power their corporate
career Web sites and build the largest and highest quality private talent
communities to immediately provide interested, qualified, and available
candidates at the time of requisition.

-- Sourcing Center optimizes and broadens organizations' ability to effectively
find, reach, and establish meaningful relationships with higher quality
candidates meeting specific skills and job criteria.

Hire.com continues to lead the market by providing organizations with innovative, online, results-driven solutions previously available only through traditional -- more costly and inefficient -- recruiting methods. Hire.com innovated the use of permission-based candidate relationship marketing, the sourcing and capturing of passive, as well as active candidates, and the ability to prescreen and deliver interested, qualified, and available candidates immediately to the desktops of hiring authorities.

About FFIC

Fireman's Fund is the flagship U.S. property and casualty insurer for Allianz, AG of Germany, and a provider of business and personal insurance protection for 139 years. Fireman's Fund is one of the top 20 property-casualty insurers in the country and offers a full range of personal and business coverages in all 50 states.

About Hire.com

Hire.com empowers organizations to optimize their talent resources through an integrated suite of talent management solutions. Since 1998, Hire.com's customer base has expanded to over 120 clients, including Fortune 500 companies and others that have global talent needs. With customers like AT&T, EDS, Electronic Arts, Roche, Royal Caribbean, Southern Company, H&R Block Financial Advisors, and Swales Aerospace, Hire.com has enabled these organizations to individually establish private talent communities of candidates from more than 150 countries. More information on Austin, Texas-based Hire.com is available at www.hire.com or by calling 1-800-953-HIRE.