Redmatch and the Nash Group unveil a new HR Cost Savings Calculator tool to estimate potential savings from recruitment management systems
Companies realize thousands of dollars of savings per recruit using Job Matching

BEACHWOOD, OH, September 21, 2005 –Redmatch and the Nash Group announced today the availability of a savings calculator that enables HR professionals to determine the real costs involved in recruitment and how much they can save by implementing a recruitment management system using advanced Job Matching technologies.

“We developed this calculator to provide HR professionals with a real estimate of how much time and money they spend collecting and sorting through hundreds of resumes to get to exactly the right candidate.” says Gal Almog, Founder & CEO of Redmatch. “Our goal is to demonstrate the efficiencies they can gain by increasing the effectiveness of the candidate selection process.”

This unique calculator was developed in cooperation with the Nash Group, a leading management consulting firm in Chicago. The Nash Group helps companies save money by using their human resources more efficiently.

"Our clients asked us to tell them what the real savings would be by implementing a recruitment management software," says Dr. David Ledersnaider, Principal in the Nash Group(http://www.nashgroup.com). "Nothing was available on the market so we developed the calculator in collaboration with Redmatch. We work mostly with hospitals that experience a chronic shortage of personnel and pay high labor premium differentials. By using the calculator we found that the Redmatch technology can save our clients hundred of thousands of dollars per year."

In the Redmatch HR savings calculator, HR professionals can enter key variables, such as positions hired per month and percentage of replacement for existing positions versus new positions to be filled. The calculator shows the cost savings associated with improving the recruitment process by using Job Matching technology such as the one offered by Redmatch. For example, a hospital hiring 20 people per month can save more than $200,000 per year with Redmatch.

“Not only does Redmatch decrease the real costs associated with hiring, Redmatch brings the best candidates to the forefront immediately, reducing the opportunity costs that come from missing out on the top candidates because their resumes happened to be at the bottom of the pile,” says Almog.
To try out the Redmatch Savings calculator, visit: http://redmatch.thejobnetwork.com/hrsavings.

_______________________________________________________

About Redmatch
Redmatch (http://redmatch.thejobnetwork.com) is a leading provider of hosted online recruitment solutions for corporations, publishers, and staffing companies, serving thousands of enterprises globally, in seven languages. In addition, Redmatch is helping its clients source candidates in a dramatically more efficient way by seamlessly linking them to leading job sites and resume databases. Redmatch manages The Job Network, a network of mainly newspaper-owned job sites using Redmatch technology. The Job Network is the fastest growing employment advertising platform in the United States, with more than 600 members.

Redmatch’s chairman Alan Schonberg is the founder and Chairman Emeritus of MRI (Management Recruiters International), the world’s largest recruitment company Redmatch also is active internationally with clients in Europe and the Pacific Rim.

For more information
To arrange an interview with any member of the Redmatch team, please contact Amy Kenigsberg of K2 Strategic Innovations at amy@k2strategicinnovations.com or at 913-440-4072 (ET+7, GMT+2).