Indeed: How It's Empowering Job Seekers to Achieve Their Career Dreams

Finding a job is not at all hassle-free. You have to prepare with a number of documents and with that, you even have to prepare yourself with confidence and motivation. If only this misery could be eased down, one's worries would let them live a bit. 

Today, you can order food and merchandise online, just with a few presses on the screen of your mobile. Similarly, you could land yourself at an interview and have your shining resume impress the interviewee. 

With several job opportunities right in front of you, Indeed, a job listing app and website will help you seek your favoured niche. There are no limits, from being a beauty stylist, or a fashion designer to even securing a neat IT job, Indeed will help you work at your dream job. 

Indeed - Company Highlights

Indeed - About
Indeed - Industry
Indeed - Founders and Team
Indeed - History
Indeed - Mission and vision
Indeed - Business Model
Indeed - Revenue Model
Indeed - Employees
Indeed - Funding Investors
Indeed - Investment
Indeed - Merger and Acquisitions
Indeed - Growth
Indeed - Social Media Presence / Campaigns
Indeed - Marketing Strategy
Indeed - Awards and Achievements
Indeed - Competitors
Indeed - Future Plans

Indeed - About

Currently available in over 60 countries, Indeed is an employment website that collects job listings from different websites and helps job seekers connect with a perfect employer. As for the gathering of jobs, Indeed collects data from job boards, staffing firms, associates, and career job boards 

Speaking of its headquarters and offices, it is co-headquartered in two cities that being in Stamford, Connecticut, and Austin, Texas, while the company has offices all around the globe in 60 countries. The company is a subsidiary of Japan’s Recruit Co. Ltd.

Indeed - Industry

The industry that Indeed is based on is known by various names. It is called an Employment Website industry, job boards, and even recruiting websites.

Speaking of the industry, the global market for the said industry is growing year by year. In the year 2021, the online recruitment market size was estimated to be valued at USD 29292.3 million. Then in 2022, it grew to be at USD 31372.05 million. The similar is expected to grow to USD 58163.19 million by 2030. The market is poised to grow at a CAGR of 7.1% in the aforementioned period of 2023-2030. 

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Indeed - Founders and Team

Paul Forster and Rony Kahan were the ones who co-founded Indeed back in 2004. 

Paul Forster

An investor, with an eye for early-stage technology companies, Paul Forster co-founded one of the largest job-seeking websites in the world, Indeed. He was the CEO of the company until 2012. Forster is also better known for his skills as an Angel Investor. At present, Paul serves as a lawyer at The Legal Director and a board member at Growth Intelligence. 

Rony Kahan

The present chairman of Indeed is the second co-founder of the said company. Completing his MBA from INSEAD back in 1994, Kahan has also been the board director of Recruit Co. Ltd. since 2018.

He began his career as an HR by co-founding jobsinthemoney.com. The company later became a prime job site, especially for finance professionals. After this growth, Kahan sold the business in 2003 and chased his dream with his new company Indeed.

Indeed - History

Launched in 2004, Indeed had its offices in Stamford and Austin. The Stamford office looked after the sales of the company as well as client services, and finance, while the Austin branch held work processes for product development staff. 

A year later, the company launched its beta version of the ‘Pay-Per-click” job advertising network. Moving ahead in the future, in 2012, Indeed became an independent operating unit of Japan’s Recruit Co. Ltd.

In the year 2016, the Japan-based company announced that it acquired the assets of Simply Hired, one of the competitors of Indeed. 2018 was the year when Glassdoor and Indeed became sister companies as the Recruit Holdings Co. Ltd. also acquired the assets of Glassdoor. 

Indeed - Mission and vision

Indeed is a job recruiting company that has the simplest mission. 

Mission

Indeed states that its mission is “To help people find appropriate jobs.”

Vision

Indeed aims to work toward its goal by making it a point “To give job seekers free access to millions of jobs from thousands of company websites and job boards.”

Indeed - Business Model

The work-related search engine earns money through its business model that charges employers for additional features to have increased visibility. 

Indeed - Revenue Model

It earns from pay-per-click advertising subscription fees, banner ads, and hiring events. Recently, Indeed also came up with a one-click solution for job applicants. With over 2.5 million resumes in its database, it is tirelessly working to monetize the growing resume files as well. 

Besides the above-mentioned methods, Indeed is even helping companies by creating job trend reports and rating reviews for them. It is estimated that Indeed has ten projects to help it cover the growing job market globally.

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Indeed - Employees

At present, as per the information available on Wikipedia, the recruitment website has over 14,600 employees.

Indeed - Funding Investors

Indeed had taken an investment round of USD 5 million in funding from Union Square Ventures, The New York Times, and Allen & Company. 

Indeed - Investment

To date indeed has made 7 investments, with the latest being in Aug 2022 with Truework. 

Indeed - Merger and Acquisitions

Talking about the mergers Indeed has acquired 5 organizations until now, with the latest one being in 2019. In 2019, Indeed acquired two companies, ClickIQ and Syft. 

Indeed - Growth

Already known as the best employment-related metasearch engine for all kinds of job listings, Indeed has covered a global GDP of 94%. The website is visited by more than 140 million unique users in a single month and is available in over 50 countries. 

The website is leading when it comes to traffic as it has double the traffic of any other job site. Indeed is also regarded as the leading website for performance recruitment advertising networks, as the website has helped over a million applicants land a perfect job. Moreover, Indeed is the number one source of external hires. 

In October of 2010, Indeed surpassed its pre-existing, tough competitor, Monster.com, and became the highest-traffic job website in the United States. Meanwhile, the API and mobile applications launched by Indeed have also helped it grow with massive traction. The similar is still witnessing significant growth. 

Besides the United States, the company has even captured attention internationally. Approximately, 50% of its traffic and over 20% of the revenue generated are from abroad and not the US. The company is currently valued at USD 500 million. 

Indeed - Social Media Presence / Campaigns

Indeed is one company that is always on the lookout for innovative ways to create brand awareness. It had previously partnered with Amobee and launched a world series campaign across Facebook, Twitter as well as on Instagram. 

The goal was to complement their TV investment, capturing the attention of world series viewers by exposing them to their “Player Resume” while also holding natural and continued conversations about Indeed. 

For this campaign, the company posted 26 jobs on its website through which it selected the stars to showcase in the TV ad. 

Next was in India, when Indeed partnered with TikTok's social media platform. Together they launched a campaign #IndeedPeDhoondo in the year 2020, with an aim to attract Gen Z as well as millennial job seekers. 

Indeed - Marketing Strategy

The marketing strategy that indeed follows is pretty simple yet intriguing. For the people who are searching for jobs, the website and the mobile application are free. On the other hand, when it comes to the employees who are posting the job, they are charged to be visible to a larger crowd. 

Although companies are offered free-of-cost job postings, they can spend some money on an option that will highlight their company’s presence on the job search website. 

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Indeed - Awards and Achievements

• In 2020, the company was awarded the Best Leadership Team.
• In 2022 and 2021 the company won an award for Best Place to Work in Austin.
• In the year 2023, Indeed won an award for Best Leadership Teams 2023

Indeed - Competitors

• Monster
• LinkedIn
• CareerBuilder
• iCIMS

Indeed - Future Plans

Looking at the current market of Artificial Intelligence, Indeed is advancing towards the AI Co-pilot model. In an event held in 2023, Indeed announced that they are working towards an AI model that will help with enhanced matching and also have other qualities such as Candidate Outreach Email Composer, Job Description Composer, and Smart Summarization of Candidate Details.

Conclusion

Indeed is a global employment website for job listings launched in November 2004. It is co-headquartered in Austin, Texas, and Stamford, Connecticut, and is a subsidiary of Japan's Recruit Co. Ltd.

Indeed aggregates job listings from thousands of websites, including job boards, staffing firms, and company career pages, allowing job seekers to search for positions across various industries and locations.

The platform also offers employers tools to post jobs, screen candidates, and manage the hiring process. Indeed provides additional resources such as company reviews, salary information, and career advice to help users in their job search and career development.

FAQs

Can you post a job on Indeed for free?

Yes, jobs can be posted for free on Indeed. However, if you want to target a huge number of applicants, you will have to buy a plan. 

What is Sponsored Jobs?

Sponsored jobs are basically paid job postings. These job postings get better visibility and appear for longer durations than non-sponsored jobs.

Who is the CEO of Indeed?

At present Chris Hyams is the CEO of Indeed.