TheLadders.com

Ladders, Inc.
Type	Private
Industry	Job search engine
Founded	July 1, 2003; New York City
Founder	Marc Cenedella, CEO
Headquarters	New York City
Website	www.theladders.com

Ladders, Inc. is a United States-based company providing career news, advice, and tools and an online job search service.[1] It launched listing only vetted job offers with annual salaries of $100,000 or more. On April 25, 2017, the company launched Ladders News, a newsroom of about 10 that operates independently of the main company to produce daily journalism about the way work is changing around the world.[2]

History

Ladders was founded in July 2003, to fill a perceived void in the executive online job seeking market.[3]

In 2013, a class action lawsuit was filed against TheLadders in U.S. District Court, New York, alleging that it had been promising customers access to high end job listings that didn't actually exist. [4]

From its inception until September, 2011, TheLadders scammed its customers into paying for its job board service by misrepresenting itself to be "a premium job site for only $100k+ jobs, and only $100k+ talent." In fact, TheLadders sold access to purported "$100k+" job listings that (1) did not exist, (2) did not pay $100k+, and/or (3) were not authorized to be posted on TheLadders by the employers.

In May 2019 it was reported that TheLadders had exposed more than 13.7 million user records[5] by leaving an Amazon-hosted Elasticsearch database exposed without a password, allowing anyone to access years worth of data.[6] Each record included personal and sensitive information (names, email addresses, postal addresses, phone numbers, their approximate geolocation and employment histories), information about the industry a job was being sought in and current compensation in U.S. dollars.[6] Many records also contained detailed job descriptions of past employment and some included work authorizations, such as whether a person was a U.S. citizen or on a visa.[6] Others listed U.S. security clearance alongside corresponding jobs, such as telecoms or military.[6]

Operations and business model

Ladders seeks to make its listings more useful to employers seeking executive personnel by utilizing a reverse business model that caters to the high-end job seeker.

Ladders is headquartered in New York City, New York.[7] Job seekers pay a subscription fee in order to access postings in their field.[8]

When Ladders first launched, employers were able to post openings at no charge. However, as the company evolved, Ladders moved toward a subscription service for both employers and executive recruiters.[8]

Ladders News

Ladders News offers daily journalism about the way work is changing around the world. Launched on April 25, 2017, the aim of the product at launch was to fill a perceived gap in the market:

“‘‘Work lifetimes are being extended, remote work is gaining ground, millennials are changing the nature of employment, the gig economy is dawning and job hopping is in vogue.’

“‘Right now, we’re at this moment in history where everything about how we work is changing, and we’re only slowly understanding that,’ Moore said. ‘So it seems like a really good time to not only write about this rather underserved topic, but to take a look at how it’s going to change in the future and bring people along with us.’”

Heidi Moore, Ladders News Editor-in-Chief; Poynter.org.

References

Lowrey, Annie (29 June 2011). "TheLadders, a job search site, will guarantee you a job offer if you meet its qualifications and pay $2,500. Is that a good deal?". Slate Magazine. Retrieved 2019-10-30.
Mullin, Benjamin. "Can a future-of-work newsroom thrive inside a jobs site? Ladders is about to find out". April 25, 2017. Poynter.org. Retrieved 25 April 2017.
Heires, Katherine (December 1, 2005). "Where Job Seekers Pay to Play". CNN. Archived from the original on February 23, 2011. Retrieved May 25, 2010.
Corcodilos, Nick (12 March 2013). "Premium Job Board Sued for Promising Customers Jobs That Don't Exist". PBS NewsHour. Retrieved 7 February 2019.
"A security breach is inevitable, IT leaders warned". ComputerWeekly.com. Retrieved 2019-10-30.
"Job recruitment site Ladders exposed 13 million user profiles". Retrieved 2019-10-30.
"People and Accounts of Note". The New York Times. March 1, 2010. Archived from the original on February 23, 2011. Retrieved February 23, 2011.
Caplan, Jeremy (December 11, 2008). "The Six-Figure-Job Hunt". Time. Archived from the original on February 23, 2011. Retrieved May 25, 2010.

External links

Official site

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.

[1] Lowrey, Annie (29 June 2011). "TheLadders, a job search site, will guarantee you a job offer if you meet its qualifications and pay $2,500. Is that a good deal?". Slate Magazine. Retrieved 2019-10-30.

[2] Mullin, Benjamin. "Can a future-of-work newsroom thrive inside a jobs site? Ladders is about to find out". April 25, 2017. Poynter.org. Retrieved 25 April 2017.

[Heires-3] Heires, Katherine (December 1, 2005). "Where Job Seekers Pay to Play". CNN. Archived from the original on February 23, 2011. Retrieved May 25, 2010.

[4] Corcodilos, Nick (12 March 2013). "Premium Job Board Sued for Promising Customers Jobs That Don't Exist". PBS NewsHour. Retrieved 7 February 2019.

[5] "A security breach is inevitable, IT leaders warned". ComputerWeekly.com. Retrieved 2019-10-30.

[techcrunch-6] "Job recruitment site Ladders exposed 13 million user profiles". Retrieved 2019-10-30.

[7] "People and Accounts of Note". The New York Times. March 1, 2010. Archived from the original on February 23, 2011. Retrieved February 23, 2011.

[Caplan-8] Caplan, Jeremy (December 11, 2008). "The Six-Figure-Job Hunt". Time. Archived from the original on February 23, 2011. Retrieved May 25, 2010.