Job-listing service eyes move to bigger Austin space as headcount soars

Jan 2, 2015
Austin Business Journal

Indeed, a job-listing service, plans to hire 300 workers in the Austin area, part of a global expansion that would add as many as 1,000 workers next year


The Austin-based company that aggregates job listings from thousands of other online job posts needs engineers, customer service and sales workers to keep up with demand, CEO Hisayuki Idekoba said. He didn't divulge financial figures but said revenue grew 72 percent in 2014


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 ranks No. 1 in the listing of the most popular job websites compiled by eBizMBA. It is followed by Monster.com, Glassdoor.com, CareerBuilder and SimplyHired.com


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


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 to house the additional workers


Indeed operates in 50 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



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