54% of Employers Have Caught Employees Surfing at the Office; Vault.com Unveils Report of Internet and E-mail Use at the Office.

Business/High-Tech Editors

NEW YORK--(BUSINESS WIRE)--April 11, 2000

A surprising 54% of employers say that they have caught their employees surfing non-work related sites at the office, according to a survey conducted by Vault.com, The Workplace Network(TM) (http://www.Vault.com).

These survey results are part of a groundbreaking 34-page study entitled the Vault.com Survey of Internet Use in the Workplace. This study is the first-ever-comprehensive look at the effect of web and e-mail use at work.

While 31% of the employers surveyed say they monitor employee Internet use, 54% say they have actually caught employees surfing non-work related sites. Those employers surveyed were asked to comment on this phenomenon. Responses include:

-- "An employee was caught looking at job posting web sites

during work hours. The employee was given a written warning

stating the next occurrence would result in immediate

termination."

-- "I've observed a lot of it. Hey, even our CEO checks his

portfolio during the day!"

-- "The question should be, `Have you ever NOT caught an employee

surfing non-work related sites?'"

-- "If they can get their projects completed within the deadlines

and at a high quality, we don't care how much they surf the

web."

The 34-page study is based on responses from 1,244 employees and 1,438 employers. Respondents were surveyed on topics ranging from an employer's right to monitor employee's Web use to the Internet's effect on productivity.

To view the full 34-page Vault.com Survey of Internet Use in the Workplace, please visit: http://www.vault.com/vstore/SurveyResults/InternetUse/index.cfm

In addition to studying workplace issues, Vault.com is well known for its award-winning "insider" company and industry profiles on companies such as Yahoo! (NASDAQ: YHOO), Coca-Cola (NYSE: KO), Motorola (NYSE: MOT), Chase Manhattan (NYSE: CMB), Abbott Laboratories (NYSE: ABT), and Merrill Lynch (NYSE: MER).

About Vault.com

Vault.com (formerly VaultReports.com), The Workplace Network(TM), is the Internet's leading destination for career information and management. Vault.com's mission is to help professionals advance their careers through "insider" career information, online networking, online courses, job listings, and more. Just named one of the "100 Best Sites for 2000" and "the best way to scope out potential employers" by Yahoo! Internet Life, Vault.com provides "insider" guides on over 3,000 companies and 70 industries. It also offers the much-praised Electronic WaterCooler(TM), the Internet's first-ever network of expert-moderated message boards for employees. In addition, Vault.com offers a free job board that contains over 200,000 job postings - one of the largest job databases on the Internet. Vault.com was founded in 1996 by H.S. Hamadeh, Samer Hamadeh, and Mark Oldman, together recently named to the "Silicon Alley 100: New York's 100 Most Influential Internet Executives."