On the Job

Want Ads at ITWorld.com<@VM>Career Rewards Gets Venture Cash<@VM>Construction Forms Education Council

By Gail Repsher

ITWorld.com has added a new feature to some of its e-mail newsletters: job openings. The Southborough, Mass., company produces 37 e-mail newsletters about the information technology profession and fills more than 625,000 subscriptions. IT Job Spot will allow recruiters and hiring managers to reach IT professionals who subscribe to some of ITWorld's technology newsletters, but are not actively seeking a new job.

Participating companies include Kaiser Permanente and Careerbuilder.com; participating newsletters include IDC IT Forecaster, E-Commerce in Action, Java Tutor and Unix System Administrator.
Career Rewards Inc., an online networking community that helps companies fill technology jobs by paying $1,500 to $10,000 for successful candidate referrals, received $3.3 million in first-round venture funding.

The McLean, Va., company will use the money to expand its business nationwide from its existing Washington-area base.

Funding was provided by Grotech Capital Group, Mid-Atlantic Venture Funds and Steve Walker & Associates.

The company will first expand in New York and move on to Dallas, Los Angeles and the San Francisco Bay. Career Rewards was founded in November 1999 and launched online Feb. 7 at www.careerrewards.com.Program directors of 20 university construction management programs have formed an education council that will work to satisfy demand for construction management workers to help build highways, bridges, plants, pipelines and other civil works.

The council will work with Hard Dollar Corp., an online information hub for the infrastructure construction industry, to make HardDollar.com an educational resource for the industry and university construction management programs.

The new HardDollar.com Web site should launch this summer. It will provide applications, information and education resources to government contractors.

"I am convinced Hard Dollar will play a key role in leading the infrastructure construction industry into the new economy," said Bill Badger, director of the Del E. Webb School of Construction at Arizona State University.

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