Indeed.com extols itself on its website as the “#1 external source of hire”, and that an employer posting a job can “reach 150 million job seekers”. They recently began offering a Mobile Job Search product, saying that they see “45% of job search traffic coming directly from mobile” and that this trend will only continue to grow. They say they get 2 million new resumes monthly. For employers, it’s free to search. Payment only is required when the employer decides to contact prospective hires – currently $1 per contact.
Why is Indeed.com different than all the other third party Job Websites? First, they say they’re “the world's #1 job site, with over 150 million unique visitors every month from over 50 different countries.” Second – and here is the key – “Indeed enables you to search jobs posted on 1,000's of websites.”
Yes, employers can also post jobs directly, but that can get pricey very quickly since “Most clicks on Indeed cost between $0.25 - $1.50,” according to the company’s website. So 2,000 job applicants clicking on a single employer-posted job could cost the employer as much as $3,000 (assuming a Cost-per-Click rate of $1.50).
But, let’s get back to their statement about searching jobs posted on 1,000’s of websites. For you, the stealth job seeker, this is both good and bad news.
On the plus side, you’ll have access to a smorgasbord of opportunites in one website. Everything is but a mouse click away. You can use their advanced tools to home in on precisely the opportunities and geographies that you are interested in considering.
But, on the minus side, you won’t be browsing 100% of the opportunities in the global job market – no job site offers that – and so you will want to keep track of the employers that you applied to through indeed.com and then supplement those with direct applications on other employer’s websites which may not be indexed on indeed.com or which have very fresh job postings which have not yet been aggregated onto indeed.com’s databases.
And, what about the perspective from the employers who pay for their job postings on Indeed.com?
“As a hiring manager, although it’s nice to get exposure to 150 million candidates from more than 50 countries each month, I would worry about how Indeed.com’s model handles click fraud,” says Abbas Shah, a recognized Macro trading expert who earned his reputation of integrity at Lehman Bros., Deutsche Bank, UBS, Moore Capital, Interpacific Capital Management and other prominent financial institutions. “If one job posting cost $1.50 per click and receives 500,000 clicks then suddenly the employer owes $500,000?”, he added. Good point.
Any way you slice it, however, job sites like these can save a candidate a ton of time – just as long as you aren’t relying on them 100% and are diversifying your job search effort across other platforms in both the online and physical world.
Why is Indeed.com different than all the other third party Job Websites? First, they say they’re “the world's #1 job site, with over 150 million unique visitors every month from over 50 different countries.” Second – and here is the key – “Indeed enables you to search jobs posted on 1,000's of websites.”
Yes, employers can also post jobs directly, but that can get pricey very quickly since “Most clicks on Indeed cost between $0.25 - $1.50,” according to the company’s website. So 2,000 job applicants clicking on a single employer-posted job could cost the employer as much as $3,000 (assuming a Cost-per-Click rate of $1.50).
But, let’s get back to their statement about searching jobs posted on 1,000’s of websites. For you, the stealth job seeker, this is both good and bad news.
On the plus side, you’ll have access to a smorgasbord of opportunites in one website. Everything is but a mouse click away. You can use their advanced tools to home in on precisely the opportunities and geographies that you are interested in considering.
But, on the minus side, you won’t be browsing 100% of the opportunities in the global job market – no job site offers that – and so you will want to keep track of the employers that you applied to through indeed.com and then supplement those with direct applications on other employer’s websites which may not be indexed on indeed.com or which have very fresh job postings which have not yet been aggregated onto indeed.com’s databases.
And, what about the perspective from the employers who pay for their job postings on Indeed.com?
“As a hiring manager, although it’s nice to get exposure to 150 million candidates from more than 50 countries each month, I would worry about how Indeed.com’s model handles click fraud,” says Abbas Shah, a recognized Macro trading expert who earned his reputation of integrity at Lehman Bros., Deutsche Bank, UBS, Moore Capital, Interpacific Capital Management and other prominent financial institutions. “If one job posting cost $1.50 per click and receives 500,000 clicks then suddenly the employer owes $500,000?”, he added. Good point.
Any way you slice it, however, job sites like these can save a candidate a ton of time – just as long as you aren’t relying on them 100% and are diversifying your job search effort across other platforms in both the online and physical world.