Indeed: firing on all cylinders
Job site Indeed plans to boost its presence around the world by opening new offices in Australia, Brazil, Canada and Japan, as well as in major European markets, co-founder Paul Forster has told Recruiter.
Indeed has been growing at “100% year-over-year for the past few years”, said Forster, who recently relocated permanently to the UK after a number of years in the US. “I think the overall recruitment advertising pie is smaller but we’ve grown our share very rapidly, so arguably we would have grown even faster if it hadn’t been for the recession. However, I think one of the benefits of the recession for us is companies are more focused on return on investment and the cost of acquiring the right candidates.”
Indeed has its European headquarters in Dublin and a sales office in London. In the US, it has operations in Austin (Texas), Mountain View (California) and Stamford (Connecticut).
Forster said the job site — “We’re not a job board at all; we don’t like to think of ourselves as one” — was doing “a lot of new product development in all areas. There’s a lot of innovation we’re watching.”
Forster met with Recruiter in connection with his speaking engagement last month at a First Tuesday technology and entrepreneurship event in London. While Indeed enjoys significant success around much of the world, he revealed to the audience that China was one market where Indeed had not made “a lot of headway.”
Indeed was bought last September by Japan-based Recruit Holdings. Asked about his own future plans, he said that he and co-founder Rony Kahan continued to run the business together “and we’re firing on all cylinders and making sure the business continues to grow on the same trajectory”.
