INTERVIEW EXCHANGE SHARPENS online recruiting STRATEGY

Customized Applicant Screening Tools, Access to Popular Job Boards Help Recruiters Avoid Resume Landslide

SHREWSBURY, Mass. -- March 17, 2003 -- AdamsHand, Inc., an emerging leader in online recruiting, today announced strategic enhancements to the Interview Exchange (www.interviewexchange.com), the companys groundbreaking suite of powerful, interactive applicant screening solutions. Human resource (HR) professionals often become overwhelmed by the volume of resumes and cover letters they receive from online job postings -- up to 90% of it from unqualified applicants. The developments unveiled today provide recruiters with new, more flexible tools for avoiding this landslide of excess information, while enabling top candidates to find the ideal job quickly and efficiently.

Todays news:
·   HR managers now can implement Interview Exchange e-screening tools with modular, building-block flexibility. For a single low price, employers can choose all three tools or mix and match individual tools, depending on the level of applicant selectivity required for each job posting.

·   Employers now can use the Interview Exchange tools to screen applicants from their favorite online sources, including popular job boards and their own corporate Websites. At the same time, the Interview Exchange continues to serve job seekers as an online job board, with the added benefit of its innovative, cost-free screening environment, enabling applicants to identify and pursue jobs for which their experience and skills are best suited.

Today, productivity is a major challenge for HR managers, who face tight budgets but remain responsible for attracting the best and the brightest talent," said Naray Viswanathan, Ph.D., Founder, CEO and President of AdamsHand. Using our time- and money-saving solutions, HR can for the first time create an innovative, flexible, easy-to-use e-screening environment to filter applicants from any job boards. And because they can outsource applicant screening to the Interview Exchange, employers avoid the need to purchase and deploy complex, expensive enterprise software systems. Once again, the Interview Exchange is rewriting the rules of online recruiting."

Flexibility, Simplicity and Productivity

For recruiters and applicants dissatisfied with traditional online recruiting solutions, Interview Exchange applicant screening tools ensure an optimal fit between employer needs and candidate goals. This innovative e-recruiting system screens out unqualified and frivolous job seekers before they can flood employers with resumes and cover letters, while enhancing the visibility of top candidates.

With the Interview Exchange, HR managers can select the e-screening tools that best suit the needs of each individual job posting. For example, to screen applicants for basic job requirements, such as experience and education, the Interview Exchange employs a simplified yet powerful online applicant questionnaire.

This tool, called COREquisitesTM , quickly and effectively sorts the applicant wheat from the chaff," thereby dramatically narrowing the applicant pool while enabling job seekers to focus on job postings that best fit their qualifications. The questionnaire provides for weighted scoring, and employers can customize it for each job with the help of an online database of sample questions.

Many managers find that new employees who become most successful in their jobs share a common trait: they are both highly qualified for the position and highly motivated to join the enterprise. To leverage this phenomenon, the Interview Exchange offers two additional levels of screening for progressively narrowing the field to candidates with the best fit.

One method, the PublicProfileTM, is an industry-first screening tool that enables applicants to judge how they measure up among other applicants. By assessing their chances of succeeding relative to others in the running, candidates can decide whether to remain in the field or voluntarily opt out. This unique offering, available free to applicants, effectively enables the candidate pool to sort itself out, thereby relieving recruiters of this time-consuming task.
   
For jobs that require the highest level of applicant fit, employers can implement the Interview Exchanges exclusive CareerPointsTM interactive screening tool. This first-of-its-kind virtual auction enables candidates to compete for visibility by bidding" free CareerPoints. Bids represent applicants confidence in their job candidacy and their personal sense of purpose. Since the employer agrees to interview at least three of the top five bidders, this tool creates, in effect, the worlds first job interview marketplace.

Ted Kolota, Vice President of Marketing, added, With the Interview Exchange, HR professionals can for the first time harness the interactive potential of the Internet in ways that eliminate the resume flood and streamline the process of identifying and attracting top candidates. And candidates can focus their efforts on best-fit jobs without spinning their wheels on openings that dont match their strengths. The Interview Exchange represents a potent solution to todays e-recruiting challenges."

AdamsHand, Inc., www.adamshand.com, creator of the Interview Exchange, develops innovative online recruiting solutions that enable employers and job seekers to connect with each other efficiently and productively. By harnessing rational human behavior such as self-selection and personal initiative, and by unleashing the potential of the Internet in new and creative ways, the Interview Exchange represents a breakthrough in online recruiting.

Interview Exchange is a service mark and COREquisites, PublicProfile, and CareerPoints are trademarks of AdamsHand, Inc. The Interview Exchange contains USPTO patent-pending technology.