Austin job-listing company to hire 300 local workers next year

Dec 18, 2014
Austin Business Journal

Indeed, a job-listing service, plans to hire 1,000 workers next year — including 300 in Austin


The Austin-based company that aggregates job listings from thousands of other online job posts reported a 72 percent growth this year and needs engineers, customer service and sales workers to keep up with demand, CEO Hisayuki Idekoba told Austin Business Journal in an exclusive interview Tuesday


Idekoba also said the company is considering moving to larger offices in the Austin area to accommodate the growth. It currently lists 55 Austin job openings on its website


Indeed, which was founded in 2004, employs 1,278 workers, including 330 in Austin. It hired 130 local workers this year and reached 150 million unique visitors to its website in November. Idekoba attributed the growth to Indeed's business model that only charges employers based on the number of prospects who click on a job posting


The fee structure is very different from conventional models that require employers to commit to one- or two-year contracts with a flat fee. Indeed's per-click fee results in an average cost of $250 per hire, Idekoba said


"It's more efficient," he said. "It's so fair this pay for performance. We're providing more uniquely broad job opportunities to users."


Indeed was founded by Rony Kahan and Paul Forster. In 2012, it was acquired by Japan-based Recruit Co. Ltd. for a reported $1 billion. The company operates off North Capital of Texas Highway in Northwest Austin. But Idekoba said it's looking to relocate in the Austin area to house the additional workers


Indeed operates in 55 countries and maintains offices in Canada, Japan, Australia, Germany, Ireland, England, India and the Netherlands


Idekoba said the job-listing business has been technologically stagnant for the last decade, and it's ripe for new approaches that startups could provide


"The HR industry is still old school. They're not very tech savvy," he said. "I just want to innovate the industry."



Print Article opens in new window