Indeed

Last updated

Indeed, Inc.
Indeed logo.svg
Type of business Subsidiary (independent)
Type of site
 Job search engine
FoundedNovember 2004;19 years ago (2004-11)
Headquarters Austin, Texas, U.S.
Stamford, Connecticut, U.S.
Founder(s)
  • Paul Forster
  • Rony Kahan
CEOChris Hyams
Employees14,600+
Parent Recruit
URL indeed.com
CommercialYes
Registrationrequired
Current statusActive
[1] [2]

Indeed, Inc. is an American worldwide employment website for job listings launched in November 2004. It is an independent subsidiary of multinational company Recruit Holdings. It is headquartered in Austin, Texas, and Stamford, Connecticut, with additional offices around the world. [3] As a single topic search engine, its central functionality is also an example of vertical search. Indeed is currently available in over 60 countries and 28 languages. In October 2010, Indeed.com surpassed Monster.com to become the highest-traffic job website in the United States. [4]

Contents

The site aggregates job listings from thousands of websites, including job boards, staffing firms, associations, and company career pages. It generates revenue by selling premium job posting and resume features to employers and companies hiring. [5] In 2011, Indeed began allowing job seekers to apply directly to jobs on Indeed's site [6] and offering resume posting and storage. [7]

History

Indeed was cofounded by Paul Forster and Rony Kahan in 2004 in both Austin, Texas, and Stamford, Connecticut. [8] The Stamford offices house the company's sales, client services, finance, and human resources teams, while the product development staff is based in Austin. [3]

In 2005, Indeed launched the beta version of their "pay-per-click job advertising network". [9] In addition to searching job postings, it allows the frequency of specific words within these postings to be tracked over time, serving as a potential indicator of trends in the job markets. The company took an investment round of $5 million in funding from Union Square Ventures, The New York Times and Allen & Company. [10]

Indeed operates in the UK via Indeed UK Operations Ltd, which is a subsidiary of Indeed Operations Ireland Ltd, whose ultimate holding company is Recruit Holding Co Ltd. Turnover in the UK for the year to 31 December 2019 was £41.2m.[ citation needed ]

On October 1, 2012, Indeed became an independent operating unit of Japan-based Recruit Co. Ltd. [11]

On July 1, 2016, Recruit Holdings Co., Ltd. announced that it had acquired the assets of Indeed's competitor Simply Hired, which would become a publishing partner of Indeed. [12]

On June 21, 2018, Recruit Holdings Co., Ltd. announced that it had acquired the assets of Glassdoor, which will operate as a distinct and separate part of its growing HR Technology business segment, aligning Glassdoor and Indeed as sister companies. [13]

On May 30, 2019, Indeed announced that it had signed an agreement to acquire Syft, a leading recruiting platform for the hospitality, event, and light industrial sectors in the UK. [14]

On July 12, 2019, Indeed announced that it had signed an agreement to acquire ClickIQ, an automated job advertising technology platform based in the UK. [15]

On March 22, 2023, Indeed announced that they would be laying off 2,200 employees, stated to be 15% of their workforce. [16]

On May 13, 2024, Indeed laid off approximately 1,000 employees, or about 8% of the company. Indeed CEO Chris Hyams announced on May 13 in a letter to employees, a move driven in part by "a global slow-down in hiring," the message said. The vast majority of the layoffs were in the U.S., Hyams said, largely within R&D and the go-to-market teams. "While the global economy has improved in several areas over the past year, we are not yet set up for sustainable growth," Hyams said. “Despite our efforts so far, our organization is still too complex,” he continued, indicating that the company is aiming to "simplify" areas of the business to make decision-making faster. [17]

Sponsorship

Indeed is currently the main sponsor of German soccer club Eintracht Frankfurt. [18]

See also

Related Research Articles

<span class="mw-page-title-main">CACI</span> American defense contractor

CACI International Inc. is an American multinational professional services and information technology company headquartered in Northern Virginia. CACI provides services to many branches of the US federal government including defense, homeland security, intelligence, and healthcare.

<span class="mw-page-title-main">Recruit (company)</span> Japanese human resources company

Recruit Holdings Co., Ltd., also known as RGF outside Japan, is a human resources holding company headquartered in Tokyo, Japan. The company was founded by Hiromasa Ezoe (江副浩正), then an educational psychology student at the University of Tokyo, as Daigaku Shimbun Koukokusha in 1960. It was a spin-off from the Todai Shimbun.

<span class="mw-page-title-main">Recruitment</span> Process of attracting, selecting and appointing candidates to a job or other organization

Recruitment is the overall process of identifying, sourcing, screening, shortlisting, and interviewing candidates for jobs within an organization. Recruitment also is the process involved in choosing people for unpaid roles. Managers, human resource generalists, and recruitment specialists may be tasked with carrying out recruitment, but in some cases, public-sector employment, commercial recruitment agencies, or specialist search consultancies such as Executive search in the case of more senior roles, are used to undertake parts of the process. Internet-based recruitment is now widespread, including the use of artificial intelligence (AI).

<span class="mw-page-title-main">LinkedIn</span> Professional network website

LinkedIn is a business and employment-focused social media platform that works through websites and mobile apps. It was launched on May 5, 2003 by Reid Hoffman and Eric Ly. Since December 2016, LinkedIn has been a wholly owned subsidiary of Microsoft. The platform is primarily used for professional networking and career development, and allows jobseekers to post their CVs and employers to post jobs. From 2015, most of the company's revenue came from selling access to information about its members to recruiters and sales professionals. LinkedIn has more than 1 billion registered members from over 200 countries and territories.

Workopolis was a Canadian website specializing in online job searching. Headquartered in Toronto, Workopolis had offices in eight Canadian cities including Montreal, Ottawa, Calgary and Vancouver and provided its services in both English and French. It was acquired by Indeed.com in June 2018 and subsequently shut down as an independent job board. It remains as a white label portal for Indeed's Canadian job postings.

An applicant tracking system (ATS) is a software application that enables the electronic handling of the entire recruitment and hiring processes.

<span class="mw-page-title-main">Monster.com</span> Employment website

Monster.com is a global employment website that was established in 1999 as a result of the merger between The Monster Board and Online Career Centre.

Yahoo HotJobs, formerly known as hotjobs.com, was an online job search engine. It provided tools and advice for job seekers, employers, and staffing firms. It was acquired by Yahoo in 2002, then acquired by Monster Worldwide, owner of its major competitor Monster.com in 2010—leading to its merger with Monster.com and eventual closure.

<span class="mw-page-title-main">Adecco</span> Swiss multinational human resource consulting company

The Adecco Group is a Swiss–French company based in Zürich, Switzerland. It is the world's second largest human resources provider and temporary staffing firm. It is a Fortune Global 500 company and is listed on the SIX Swiss Exchange.

<span class="mw-page-title-main">Randstad NV</span> Dutch human resource consulting firm

Randstad NV, commonly known as Randstad and stylized as randstad, is a Dutch multinational human resource consulting firm headquartered in Diemen, Netherlands. It was founded in the Netherlands in 1960 by Gerrit Daleboudt and Frits Goldschmeding.

CareerBuilder is an American employment website founded in 1995 that operates in the United States, Canada, Europe, and Asia. In 2008, it had the largest market share among online employment websites in the United States. CareerBuilder provides talent management software and other recruitment related services. The company is majority-owned by Apollo Global Management.

An employment website is a website that deals specifically with employment or careers. Many employment websites are designed to allow employers to post job requirements for a position to be filled and are commonly known as job boards. Other employment sites offer employer reviews, career and job-search advice, and describe different job descriptions or employers. Through a job website, a prospective employee can locate and fill out a job application or submit resumes over the Internet for the advertised position.

The economy of Stamford, Connecticut is robust and is considered an anomaly for having a large number of corporate headquarters in a city of its size. In the 1980s and 90s, Stamford had the third highest concentration of Fortune 500 companies in the country, with 18 companies headquartered in the city. The only two cities that had higher concentrations in the nation were New York City and Chicago.

The Sytner Group Ltd is a car dealership company headquartered in Leicester, United Kingdom.

<span class="mw-page-title-main">Dice.com</span> Career website

Dice.com is a career website based in New York City with primary sales and development operations in Urbandale, Iowa and Denver. It serves information technology and engineering professionals, as well as contract and permanent engineering staffing firms. Dice.com is owned by DHI Group, Inc. . Dice.com typically has approximately 80,000 tech job listings. The website claims to have 3 million registered technology professionals and approximately 2.4 million unique visitors each month. Of those registered users, 75% have a bachelor's degree or higher and 65% have 10 or more years of experience in their field.

Simply Hired is an employment website utilizing desktop and mobile application for an online recruitment advertising network based in Sunnyvale, California. The company was launched in 2003. In 2016, Recruit Holdings Co., Ltd., purchased Simply Hired.

Glassdoor is an American website where current and former employees anonymously review companies, operated by the company of the same name.

<span class="mw-page-title-main">Capri Holdings</span> Multinational fashion holding company

Capri Holdings Limited is a multinational fashion holding company, incorporated in the British Virgin Islands, with executive offices in London and operational offices in New York. It was founded in 1981 by American designer Michael Kors. The company sells clothes, shoes, watches, handbags, and other accessories. In 2015, the company had more than 550 stores and over 1,500 in-store boutiques in various countries.

Recruitment marketing refers to the inbound strategies and tactics an organization uses to find, attract, engage, and nurture talent before they apply for a job, also called the pre-applicant phase of talent acquisition. It is the practice of promoting the benefits and value of working for an employer in order to recruit talent. It is analogous in many ways to corporate marketing, and is extremely similar to employer branding except recruitment marketing relates to trackable initiatives that drive awareness, engagement and conversion of applicants versus someone's impression of working at a company. Of course others see employer branding as a subset of recruitment marketing, in addition to extending the reach and exposure of career opportunities through search engine optimization (SEO), building and nurturing candidate relationships through talent communities, and the management of messaging and advertising of talent acquisition efforts.

The DB-Engines Ranking ranks database management systems by popularity, covering over 410 systems. The ranking criteria include number of search engine results when searching for the system names, Google Trends, Stack Overflow discussions, job offers with mentions of the systems, number of profiles in professional networks such as LinkedIn, mentions in social networks such as Twitter. The ranking is updated monthly. It has been described and cited in various database-related articles.

References

  1. ↑ "Leadership". Indeed.com. Archived from the original on June 11, 2022. Retrieved May 2, 2022.
  2. ↑ "About Indeed". Indeed.com. Archived from the original on May 3, 2022. Retrieved May 2, 2022.
  3. 1 2 "Indeed announces plans for several hundred new Stamford jobs". Stamford Advocate . Stamford, CT. Archived from the original on January 31, 2020. Retrieved January 20, 2018.
  4. ↑ Schonfeld, Erick (November 17, 2010). "Indeed Slips Past Monster, Now Largest Job Site by Unique Visitors". TechCrunch. Archived from the original on December 24, 2019. Retrieved December 9, 2010.
  5. ↑ "8 Alternatives to Indeed | Job Search". Bagsy. October 5, 2019. Archived from the original on May 31, 2020. Retrieved October 5, 2019.
  6. ↑ "New Feature: Indeed Apply". Resfly Blog. Resfly. Archived from the original on February 23, 2012. Retrieved February 21, 2012.
  7. ↑ Zappe, John (September 14, 2011). "Indeed Makes It Official and Launches Resume Search". ere.net. Archived from the original on September 23, 2011. Retrieved January 12, 2014.
  8. ↑ "Founders". InternetInc.com. Archived from the original on August 10, 2014. Retrieved August 23, 2014.
  9. ↑ Baker, Loren (May 16, 2006). "Indeed.com Launches Job Search PPC Advertising Network". Search Engine Journal. Archived from the original on January 31, 2020. Retrieved April 9, 2008.
  10. ↑ Shontell, Alyson (September 25, 2012). "Indeed, An Almost Entirely Bootstrapped Job Search Giant, Gets A Monster Exit". Business Insider. Archived from the original on February 28, 2018. Retrieved February 28, 2018.
  11. ↑ "Indeed Announces Acquisition by Recruit Co. Ltd" (Press release). Indeed. Archived from the original on January 13, 2014. Retrieved October 1, 2012.
  12. ↑ Lunden, Ingrid. "Indeed owner Recruit Holdings confirms acquisition of Simply Hired". TechCrunch. Archived from the original on November 26, 2019. Retrieved July 1, 2016.
  13. ↑ "Recruit Holdings Announces Completion Of Glassdoor Acquisition" (Press release). Glassdoor. Archived from the original on September 21, 2021. Retrieved June 21, 2018– via PR Newswire.
  14. ↑ "Indeed confirms acquisition of Syft" (Press release). Indeed. Archived from the original on December 24, 2019. Retrieved May 30, 2019.
  15. ↑ "Indeed announces acquisition of automated recruitment technology platform ClickIQ" (Press release). Indeed. Archived from the original on June 30, 2021. Retrieved July 12, 2019.
  16. ↑ Jones, Abigail; Al-Shaikh, Sarah (March 22, 2023). "Indeed laying off 15% of staff, around 2,200 people". KXAN. Nexstar. Archived from the original on March 22, 2023. Retrieved March 22, 2023.
  17. ↑ Novak, Shonda. "Austin-based Indeed.com cutting about 1,000 jobs, or roughly 8% of its global workforce". Austin American-Statesman.
  18. ↑ Bassam, Tom (August 16, 2019). "Eintracht Frankfurt extend Indeed shirt deal through 2023 – SportsPro Media". www.sportspromedia.com. Archived from the original on May 25, 2021. Retrieved May 25, 2021.


Searchtool.svg

This article about a search engine website is a stub. You can help Wikipedia by expanding it.

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.