WetFeet.com Launches WetFeet Recruiter, A Full-Service, Hosted Recruitment Solution To Round Out Its Comprehensive Recruitment Offerings

Market Wire, October, 2000

WetFeet.com announced today the release of WetFeet Recruiter(TM), a new web-based recruitment solution that helps HR professionals and recruiters increase their effectiveness by automating the online recruiting process. WetFeet.com, a leading recruitment marketing, research, and services provider, used findings from its extensive recruitment research and corporate partnerships to design the fully hosted system to help companies streamline their sourcing, screening and candidate management process.

According to a recent Manpower survey, 32 percent of firms polled plan to increase their workforces in the last three months of 2000--the strongest year-end staffing needs in the study's 25 year history. These findings combined with the lowest unemployment rates in 40 years makes the recruitment crisis a CEO-level concern. Additionally, the surge in popularity of online job searching has flooded recruiters with unqualified online resumes. WetFeet Recruiter(TM) answers the needs of HR professionals by delivering the tools and best practices companies need to attract the right candidates and hire them quickly.

"The Internet has fundamentally changed the rules and tools of the recruiting game. The savviest organizations are rethinking the way they source, screen and hire candidates in order to decrease time-to-hire and improve cost-per-hire," said Steve Pollock, president of WetFeet.com. "We developed WetFeet Recruiter to help forward-thinking companies staff their organizations more effectively. Our new, hosted recruitment solution incorporates our learning from our market research and best practices studies of leading organizations. By combining a best-in-class suite of recruitment marketing services with WetFeet Recruiter, we are helping companies use technology to build a sustainable competitive advantage on the recruiting front."

More Effective Recruiting at Barclays Global Investors

Several corporations have already enlisted the services of WetFeet Recruiter(TM), including Barclays Global Investors. With over 1,800 employees worldwide, Barclays is the world's largest institutional investment manager, controlling more than $830 billion in assets. The company receives hundreds of resumes on a daily basis that are handled manually by Barclays' recruitment staff. "The task of manually reviewing each resume is time intensive and puts us at risk of losing potentially good candidates because we were unable to respond quickly enough," said Ashley Furman, associate recruiter at Barclays Global Investors. "WetFeet Recruiter provides our recruitment team with the tools it needs to streamline the recruitment process and improve the timeliness in which we can get back to 'hot' candidates."

About WetFeet Recruiter(TM)

According to WetFeet.com's recently published Recruitment Marketing Strategies report, more than 40 percent of all experienced candidates rely heavily on corporate websites, job boards, and third-party information sites for their job search. In order to take advantage of these online job seekers, WetFeet Recruiter(TM) delivers the following features, turning a company's website into a powerful recruitment engine:

Hosted Recruitment Website - WetFeet Recruiter(TM) provides a complete hosted recruitment website that maintains the look and feel of the corporation's actual site. WetFeet Recruiter(TM) enables recruiters to easily post and update online job listings without the need of technical resources. The hosted site can be set up in a matter of hours and employs easy-to-use designs and navigation that are based on WetFeet.com's recruitment branding and best practices research.

Candidate Screener - WetFeet Recruiter(TM) automatically prioritizes and pre-qualifies incoming applications based on criteria supplied by recruiters, enabling companies to spend less time weeding through unqualified resumes and more time focusing on 'hot' candidates. The screening application takes minutes to use and can be set-up through a simple point-and-click interface. WetFeet Recruiter(TM) also provides a portable online job application to collect candidate information from any source on the web.

Private Talent Database -WetFeet Recruiter(TM) stores, organizes and retrieves all candidate information in a private, secure place, enabling recruiters to access data in one central location and build a talent pipeline so recruiters don't have to start from scratch for each new job opening.

Talent Management System - WetFeet Recruiter(TM) allows recruiters to access the most current information on their candidates and communicate with them easily through email to expedite the candidate evaluation and hiring process.

WetFeet.com Recruitment Marketing Services - In addition to providing the technology to help companies recruit and hire more effectively, WetFeet.com also provides a host of recruitment marketing services, from the posting of in-depth company profiles on the WetFeet.com site to, hosting online recruitment chats with company executives and job seekers. These services help companies reach and attract the right talent and produce more qualified applicants.