Indeed, the world’s #1 job site2 and a leading job matching and hiring platform, is celebrating its 20th anniversary this month, marking two decades of helping people get jobs and empowering employers to hire top talent efficiently. Since its founding in 2004, Indeed has grown from a job search engine into the most innovative matching and hiring platform globally, as recognized by analyst firm Frost & Sullivan.
“Our mission at Indeed – to help all people get jobs – is driven by a deeper purpose. Outside of family and health, a job is one of the most important things in a person’s life. Work provides the foundation to support and care for our families and communities,” said Indeed CEO Chris Hyams. “We know that better work leads to better lives, and delivering on our mission fuels the work that we do at Indeed each and every day.”
A Two-Decade Journey of Innovation
Over the past two decades, Indeed has revolutionized how people search for and find jobs. When Indeed first launched, it focused on putting the job seeker first by transforming the classified ads model into a search engine for jobs that aggregated jobs from thousands of job boards, career sites, agencies, and newspapers. Over the years, Indeed evolved from a search engine to an AI-powered two-sided marketplace operating in more than 60 countries and 28 languages. In 2012, Indeed was acquired by Recruit Holdings, a global leader in HR technology and business solutions, which has helped to further fuel the company’s worldwide growth.
Today, more people find jobs on Indeed than anywhere else. With over 580 million job seeker Profiles3 and more than 3.5 million employers, 23 job seekers are hired per minute on Indeed around the world.
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“Indeed’s scale is made possible by the power of AI, which is transforming how we connect job seekers with employers,” said Indeed EVP of Marketplace Product & UX, Raj Mukherjee. “Every job posting, application, and hire on Indeed feeds our AI matching engine – enabling us to better match talent to the right role and offer personalized recommendations to job seekers before they even begin searching.”
Combining its vast data with the power of AI, Indeed continues to deliver innovative products that connect job seekers and employers in powerful ways.
Some notable innovations Indeed launched in recent years include:
- Smart Sourcing: Indeed’s Smart Sourcing is an AI-driven suite of tools that helps employers tap into a large, active talent pool. On average, Smart Sourcing saves employers about 6 hours per week on recruiting tasks—almost equivalent to a full workday.4
- Matched Candidates: Indeed surfaces relevant candidates based on their qualifications and responsiveness, making it easy for employers to invite them to apply. Candidates who receive an invitation are 17 times more likely to apply than those who find the job on their own.5
- Indeed Apply: To streamline the application process for job seekers, Indeed Apply offers a simplified approach. Employers who use Indeed Apply receive 5 times more completed applications and increase their likelihood of hiring by 2.5 times.6
- ATS Sync Integrations: Indeed leads the industry with integrations to over 320 applicant tracking systems (ATS) such as Workday and iCIMS, with others like Oracle and SAP SuccessFactors coming soon. These integrations make it easier for employers to manage their job postings and get matched to more quality candidates, and for job seekers to find and apply for jobs.
- GenAI-powered features: By combining OpenAI’s GPT models with its extensive marketplace data, Indeed delivers personalized job recommendations for job seekers and tailored job descriptions for employers. GPT-powered job recommendations deliver 20% or more started applications and a 13% or more improvement in downstream success such as interviews and hires.7
The Next 20 Years of Innovation
Looking to the future, Indeed is looking at the vast opportunities ahead, expanding its suite of over 100 AI-powered job search and hiring features across its platform to speed up the hiring process and improve matching between job seekers and employers. The company’s depth and breadth of jobs and hiring data, signals and insights will continue to fuel Indeed’s innovation as AI technology matures.
SOURCE: Indeed
