There are 600 million+ total ratings and reviews.And to make the job application quick and easy for potential candidates, this job search engine features something called "Indeed Quick Apply." This relieves job seekers of punching in their work history and resume info repeatedly, which increases their likelihood of applying for open positions. Indeed has over 250 million unique visitors every month. Every day, we connect millions of people to new opportunities." "Indeed strives to put job seekers first, giving them free access to search for jobs, post resumes, and research companies. In this post, we dive into must-know statistics about the best job boards so you can have a strong online recruitment strategy. Job seekers turn to websites like Indeed, Glassdoor, Facebook, and LinkedIn. Their EBITDA was 293.2bn yen at a YoY of 13.5%.The modern job hunt takes place right here-online. How much money does Indeed make?Īccording to their annual reports of 2019, ’s combined earnings were 2,310.7bn yen at a YoY growth rate of 6.3%. This includes all the costs spread across their sister websites and their employees and maintenance costs. The company’s costs for the financial year 2018-2019 was 374 million yen. Website and database hosting and maintenance.The key activities include maintaining their website and databases and keeping track of new clients who they onboard.Ī lot of their time also is invested in providing the services in the assured TATs. The more employers who posts jobs on their website, the more job seekers visit it. Indeed’s customers are employers from across the globe. Indeed’s business model stands strong because they are a branded job search website.Īnd because people are directly visiting their website instead of going through Google, they are able to earn higher through the product and service business model. But compared to many other job search websites, Indeed has a presence that commands far higher attention and monetization possibilities. The basic revenue and business model of job search websites rely on advertising, just like Gmail. Indeed gets paid only after a candidate has been hired by the company. With their existing presence in the job search market, they can gain access to the hundreds of millions of job seekers and filter out the most active, engaged, and relevant candidate profiles for your role.īest part for the employers is that the amount is paid per hire. The turn around time for this service is 3 days and priced based on the number of candidates required for any role. Indeed Hire is a personalized recruiting service for employers. However, there’s another highly valuable service that Indeed offers. It offers employers with inbound applications. This is one of their major revenue sources at present. Depending on the average amount the company decides to spend, their estimated applicant reach is displayed. Sponsored Listing Image SourceĪlong with job ads, Indeed also offers employers the option to sponsor the job listings. For, this business model has turned out to be a great long term strategy. Paul ForsterĮmployers are allowed to set up advertisements for their job postings and company pages. Jobseeker referrals are highly qualified because sponsored jobs are ranked by relevance as well as by bid.Ĭonversion rates – from sponsored clicks to applications – are also extremely high because the advertisement landing pages are the individual job descriptions on the advertisers’ own websites. The advertiser only pays for clicks on the sponsored advertisements, while clicks from the same jobs in our natural results continue to be free.
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