Execs Say Physical Fitness is Critical to Career Success; Obesity Considered a ´Serious Impediment'

On-Site Health Clubs Deemed Modern-Day Corporate Responsibility According to Survey by Executive Jobs Web Site TheLadders.com

New York, NY (November 28, 2005) - The days of the corpulent corporate fat cat are gone.  In their place, a new emphasis on physical fitness has emerged among executives in the higher ranks of American business.  According to a survey conducted by the largest $100k positions Web site, TheLadders.com, the vast majority of executives say that physical fitness is critical to career success.

When asked to describe their perceptions of physical fitness in the workplace, 75% of the survey respondents said good physical fitness is "critical for career success at the executive level."  Despite the clear majority opinion, 17% of the survey respondents would rather exercise their wallets, suggesting that staying in shape is "a nice goal, but secondary to fiscal fitness."  Just 4% said that their physical condition was "irrelevant" to their careers, and 3% said it was "something for people who don´t have busy careers" (see charts below).

Following suit at the other end of the spectrum, when asked about obesity, another 75% of executives said that being overweight is a "serious career impediment."  Twenty-two percent said that weight had no bearing on career success.  Just 3% have held onto the 19th Century notion that success can be measured in inches around the waist, claiming that a few extra pounds are a "symbol of maturity and career success."

Should companies get involved with the physical fitness of their employees?  Seventy-three percent of those surveyed said yes, suggesting that employers should provide on-site health clubs or subsidize gym memberships.  Another 12% suggested that companies should offer cash incentives to employees who exercise regularly.  Nine percent said companies should not get involved at all and 6% suggested the sponsorship of company-wide weight-loss programs.

 "Physical fitness is a critical issue for employers these days as rising healthcare costs and increased knowledge about the health risks associated with obesity-related conditions have companies thinking seriously about the long-term health of their employees," said TheLadders.com president and CEO, Marc Cenedella.

TheLadders.com´s look at fitness in the workplace is based on a series of surveys of registered $100k executives conducted on TheLadders.com Web site between August 22nd, 2005 and September 6th, 2005.  The number of responses and margin of error for each survey is as follows:

-        I believe that physical fitness is ______. 1076 Responses; Margin of Error: ±3%.

-        Being overweight______. 1385 Responses; Margin of Error: ±3%.

-        How should corporations address the physical fitness of their employees? 1029 Responses; Margin of Error ±3%.

About TheLadders.com

Headquartered in New York, TheLadders.com, Inc. is a privately held company offering online job search services to recruiters and job seekers in the $100k employment market.  Ex-HotJobs.com executive Marc Cenedella founded TheLadders.com in 2003 to address the unique job seeking and recruiting requirements in this market sector.  Investors include leading venture capital firm Matrix Partners and prominent private investors such as Kevin Ryan, Former CEO, DoubleClick, Tom Matlack, Megunticook Management, and Robert Chefitz, NJTC Venture Fund.

In addition to its primary member-based sites, TheLadders.com and UpLadder.com, the Company operates vertical job search Web sites for sales (SalesLadder.com), marketing (MktgLadder), finance (FinanceLadder), human resources (HRLadder), law (LawLadder), technology (TechnologyLadder) and operations (OpsLadder).  All sites feature daily job updates as well as industry-specific weekly e-newsletters.  For corporate and executive recruiters, TheLadders.com delivers the same highly personalized experience.  TheLadders for Recruiters (RecruitLadder) enables them to easily post $100k job openings at no charge.  The Company further differentiates itself from other online job boards that fall prey to fraudulent job postings by implementing human mediated search, ensuring all job postings are fully qualified before being published to members.

More information about TheLadders.com can be accessed at TheLadders.com.

Jeanne Achille
President & CEO
The Devon Group
1129 Broad Street
Shrewsbury, NJ  07702
Ph:     732-542-2000, ext. 11 ::  Mobile:   732-241-5337
Fx:     732-542-8666  ::  AIM:  jeanneachille

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