Indeed: seven years on
This month marks Indeed’s seventh anniversary. Indeed.com was launched in November 2004 as the most comprehensive search engine for jobs, enabling job seekers to search millions of jobs from thousands of job boards and corporate career sites. By focusing on being the best place for job seekers to search for jobs and for employers to find the right candidates, Indeed has thrived over the last seven years.
We started expanding internationally in 2005, and now have sites in 53 countries and 26 languages. In every market, we have gained the loyalty of job seekers by putting their interests first and providing the best possible job search experience. With more than 50 million unique visitors and one billion job searches per month, Indeed’s sites are now the most trafficked job sites worldwide according to Google Adplanner.
In 2005, we launched Sponsored Jobs, allowing advertisers to feature their jobs and only pay when job seekers click to find out more. Because jobs are included in our search results for free, we allowed advertisers to pay for performance rather than inclusion – the first time a job site had offered auction-based pay per click job advertising. With more than 9,000 companies sponsoring their jobs, Indeed is the leading pay-for-performance recruitment advertising network and the most cost-effective source of candidates for thousands of companies.
Beyond our own sites, tens of thousands of partner websites have integrated Indeed job search, reaching more than 40 million additional unique job seekers and passive candidates, and generating hundreds of millions more job searches every month. Job search is also an increasingly mobile activity, and Indeed’s iPhone and Android Job Search apps are the most widely used by job seekers globally.
Our revenue comes from advertisers, but our success depends on providing the best possible experience for job seekers. Our efforts to improve job search are ongoing. Some of these are visible, like our addition in 2008 of search by salary – a unique feature allowing job seekers to find all jobs that pay a given salary based on our estimates. Others are invisible, such as the algorithmic improvements that we roll out continually to give job seekers even more relevant search results.
With data over time from half a billion job postings, our Job Trends yield unique insights into the job market, including the fastest growing skills and the cities with the most job postings per capita. As Indeed’s traffic grew, we added job search and click data to reports like Industry Employment Trends. We also combined government unemployment figures with our data in Indeed’s Job Market Competition index.
This year we launched our most significant new product to date: Indeed Resume. This open resume service allows job seekers to upload their resumes and make them freely searchable by employers. With over two million resumes already, Indeed Resume has gained considerable traction with both job seekers and employers. Ultimately, it represents Indeed’s transformation from job search service to a global marketplace for jobs and recruitment.
Through all this growth, we never lose sight of the fact that our users are people, that our services touch some of the most important aspects of their lives – their jobs and their livelihoods. Many of the stories behind the jobs people find through Indeed go untold, but we are gratified to have received more than 50,000 personal stories to date.
It has been a successful seven years for us. Our organization has grown to over three hundred employees and five office locations: Austin, TX, Mountain View, CA, New York, NY, Stamford, CT, and London, England. If you are interested in joining our team, take a look at our open positions.
Most importantly, we’d like to thank everyone who has helped us succeed, including job seekers, advertisers and publisher partners. As always, let us know if you have any feedback so we can continue to improve our services.
Paul & Rony