‭Investor Day - Simplify Hiring‬‭Maggie Hulce‬‭- Indeed Product Highlight - Job seeker:‬‭Make getting a job simpler, faster and more human‬‭March 27, 2024‬‭Slide 1-4-1‬‭ aggie:‬‭Hi‬‭I‬‭am‬‭Maggie‬‭Hulce,‬‭I‬‭lead‬‭our‬‭Job‬‭Seeker‬‭teams‬‭at‬‭Indeed‬‭and‬‭I‬‭have‬‭been‬‭at‬‭Indeed‬‭for‬‭8‬‭years.‬
M‭We‬ ‭spend‬ ‭more‬ ‭than‬ ‭a‬ ‭third‬‭of‬‭our‬‭lives‬‭at‬‭work,‬‭so‬‭where‬‭we‬‭choose‬‭to‬‭work‬‭is‬‭one‬‭of‬‭the‬‭most‬‭important‬‭decisions‬ ‭we‬ ‭make.‬ ‭At‬ ‭Indeed,‬ ‭we‬ ‭believe‬ ‭we‬ ‭can‬ ‭improve‬ ‭the‬ ‭lives‬ ‭of‬ ‭billions‬ ‭of‬ ‭people‬ ‭by‬ ‭making‬ ‭the‬‭process of finding a great job simpler, faster and more human.‬‭Slide 1-4-2‬‭ s‬ ‭you’ve‬ ‭already‬ ‭heard,‬ ‭our‬ ‭mission,‬ ‭for‬ ‭the‬‭last‬‭20‬‭years,‬‭is‬‭to‬‭help‬‭people‬‭get‬‭jobs.‬‭Today‬‭I‬‭am‬‭going‬‭to‬A‭share‬ ‭our‬ ‭vision‬ ‭for‬ ‭serving‬ ‭job‬ ‭seekers‬ ‭around‬ ‭the‬ ‭world,‬ ‭and‬ ‭our‬ ‭3-part‬ ‭strategy‬ ‭for‬ ‭how‬ ‭to‬ ‭achieve‬‭that‬‭vision.‬‭Slide 1-4-3‬‭Indeed‬‭was‬‭founded‬‭on‬‭the‬‭value‬‭of‬‭putting‬‭job‬‭seekers‬‭first.‬‭We‬‭do‬‭this‬‭because‬‭we‬‭believe‬‭what's‬‭best‬‭for‬t‭he job seeker is best for hires, and therefore what’s best for the employer, too.‬‭Slide 1-4-4‬‭ s‬ ‭Indeed,‬‭we‬‭study‬‭the‬‭perspectives‬‭of‬‭workers‬‭around‬‭the‬‭world.‬‭More‬‭than‬‭3‬‭out‬‭of‬‭4‬‭workers‬‭agree‬‭that‬A‭finding‬‭better‬‭work‬‭results‬‭in‬‭a‬‭better‬‭life.‬‭And‬‭while‬‭there‬‭are‬‭many‬‭barriers,‬‭two-thirds‬‭have‬‭hope‬‭-‬‭believing‬‭there‬‭is‬‭a‬‭better‬‭job‬‭out‬‭there‬‭for‬‭them.‬‭As‬‭Indeed,‬‭we‬‭want‬‭to‬‭help‬‭job‬‭seekers‬‭find‬‭better‬‭work‬‭-‬‭however‬‭they‬‭define it - so they can live better lives!‬‭Slide 1-4-5‬‭As part of that, our vision is for workers everywhere to think of Indeed as their trusted career companion.‬‭Slide 1-4-6‬‭Now job seekers are clear, and pretty reasonable, about what they want from a career companion.‬‭They want to understand their options for jobs and companies upfront.‬‭They want to find jobs that fit their skills and preferences.‬‭And‬ ‭post-apply,‬ ‭at‬ ‭minimum‬ ‭they‬ ‭just‬ ‭want‬ ‭to‬ ‭hear‬ ‭back.‬ ‭But‬ ‭even‬ ‭more,‬ ‭they‬ ‭want‬ ‭to‬ ‭connect‬‭with‬‭a‬‭real‬‭ erson who will give them the chance to convey what they can do.‬p
‭Slide 1-4-7‬‭Unfortunately, job seekers encounter many pain points along their hiring journey.‬‭Their‬‭top‬‭ask‬‭is‬‭to‬‭know‬‭the‬‭salary‬‭for‬‭a‬‭job‬‭in‬‭advance‬‭of‬‭applying‬‭-‬‭but‬‭still‬‭only‬‭half‬‭of‬‭jobs‬‭in‬‭the‬‭US‬‭provide‬‭ ay information up front.‬p‭Finding‬‭relevant‬‭jobs‬‭is‬‭then‬‭complicated‬‭by‬‭the‬‭fact‬‭that‬‭half‬‭of‬‭job‬‭seekers‬‭are‬‭looking‬‭for‬‭2‬‭or‬‭more‬‭different‬t‭ypes of jobs at the same time during their search.‬‭This transcript is provided for the convenience of investors only.‬‭1‬‭ astly,‬ ‭80%‬ ‭have‬ ‭experienced‬ ‭applying‬ ‭and‬‭never‬‭hearing‬‭back‬‭at‬‭all.‬‭This‬‭one‬‭is‬‭particularly‬‭sad,‬‭because‬L‭most‬ ‭people‬ ‭say‬ ‭not‬ ‭hearing‬ ‭back‬ ‭from‬ ‭a‬ ‭prospective‬ ‭employer‬ ‭is‬ ‭worse‬ ‭than‬ ‭not‬ ‭hearing‬ ‭back‬ ‭from‬ ‭a‬‭potential partner after a first date.‬‭Slide 1-4-8‬‭These pain points shape our three-part strategy to serve job seekers at Indeed.‬‭The‬‭first‬‭pillar‬‭of‬‭this‬‭strategy‬‭is‬‭broad‬‭reach‬‭-‬‭which‬‭includes‬‭winning‬‭brand‬‭preference‬‭from‬‭job‬‭seekers‬‭by‬‭ ffering all the jobs in one place, along with authentic company reviews, career guides, salary info and more.‬o‭Slide 1-4-9‬‭Broadly,‬ ‭this‬ ‭strategy‬ ‭is‬ ‭working.‬ ‭We‬ ‭are‬‭in‬‭more‬‭than‬‭60‬‭countries‬‭and‬‭are‬‭number‬‭1‬‭or‬‭number‬‭2‬‭in‬‭more‬t‭han 20 countries.‬‭Slide 1-4-10‬‭ e‬‭also‬‭hold‬‭a‬‭leading‬‭position‬‭in‬‭unaided‬‭consideration‬‭in‬‭all‬‭our‬‭top‬‭markets.‬‭This‬‭means,‬‭when‬‭we‬‭ask‬‭job‬
W‭seekers‬‭across‬‭the‬‭labor‬‭force‬‭-‬‭both‬‭those‬‭looking‬‭for‬‭a‬‭new‬‭job‬‭and‬‭those‬‭not‬‭looking‬‭-‬‭what‬‭they‬‭would‬‭use‬‭for‬‭a‬‭job‬‭search,‬‭they‬‭say‬‭Indeed.‬‭In‬‭unaided‬‭consideration,‬‭we‬‭rank‬‭number‬‭1‬‭in‬‭US,‬‭Canada,‬‭UK,‬‭Germany,‬‭Netherlands, and Japan and our lead has been growing in every market since 2020.‬‭Slide 1-4-11‬‭Indeed‬ ‭is‬ ‭not‬ ‭just‬ ‭top‬ ‭of‬ ‭mind‬ ‭for‬ ‭job‬ ‭seekers‬ ‭in‬ ‭certain‬ ‭pockets‬ ‭-‬ ‭our‬ ‭strong‬ ‭unaided‬ ‭consideration‬ ‭holds‬‭ onsistently across all major industries.‬c‭Slide 1-4-12‬‭ nd‬‭we’ve‬‭been‬‭able‬‭to‬‭translate‬‭this‬‭strong‬‭awareness‬‭of‬‭Indeed‬‭into‬‭strong‬‭growth‬‭in‬‭unique‬‭visitors,‬‭which‬A‭have‬‭doubled‬‭over‬‭the‬‭last‬‭10‬‭years,‬‭with‬‭notable‬‭acceleration‬‭post‬‭COVID.‬‭We‬‭now‬‭have‬‭north‬‭of‬‭350‬‭million‬‭unique visitors each month.‬‭So what do all those visitors do?‬‭Slide 1-4-13‬‭ hile‬ ‭most‬ ‭come‬ ‭to‬ ‭Indeed‬ ‭to‬ ‭explore‬ ‭jobs,‬ ‭our‬ ‭depth‬ ‭in‬ ‭company‬ ‭and‬ ‭salary‬ ‭insights‬ ‭drives‬ ‭additional‬W‭engagement.‬ ‭Across‬ ‭Indeed‬ ‭and‬ ‭Glassdoor,‬ ‭we‬ ‭have‬ ‭nearly‬ ‭1‬ ‭billion‬ ‭company‬ ‭ratings‬ ‭and‬ ‭reviews‬ ‭and‬ ‭a‬‭similar number of salary data points and insights.‬‭Slide 1-4-14‬‭Beyond‬‭exploring‬‭jobs‬‭and‬‭insights,‬‭job‬‭seekers‬‭also‬‭start‬‭applications‬‭on‬‭Indeed.‬‭Last‬‭year‬‭the‬‭number‬‭of‬‭JS‬‭ ho started an application on Indeed grew by 20%, with broad interest across occupations.‬w‭Slide 1-4-15‬‭ ow‬ ‭job‬ ‭seekers‬ ‭don’t‬ ‭just‬ ‭apply‬ ‭to‬ ‭jobs‬ ‭on‬ ‭Indeed,‬ ‭they‬ ‭also‬ ‭share‬ ‭skills‬ ‭and‬‭preferences‬‭as‬‭part‬‭of‬‭their‬N‭profiles,‬‭allowing‬‭us‬‭to‬‭better‬‭tailor‬‭their‬‭job‬‭matches‬‭and‬‭overall‬‭experience‬‭on‬‭Indeed.‬‭Globally,‬‭we‬‭have‬‭525‬‭million verified profiles.‬‭This transcript is provided for the convenience of investors only.‬‭2‬‭Slide 1-4-16‬‭ nd‬ ‭job‬ ‭seekers‬ ‭are‬ ‭increasingly‬ ‭choosing‬ ‭to‬ ‭make‬ ‭their‬ ‭profiles‬ ‭visible‬ ‭to‬ ‭employers‬ ‭and‬ ‭available‬ ‭for‬A‭outreach‬‭-‬‭to‬‭the‬‭tune‬‭of‬‭290‬‭million‬‭and‬‭growing.‬‭This‬‭matters‬‭because‬‭job‬‭seekers‬‭are‬‭two‬‭times‬‭more‬‭likely‬‭to apply when they receive an invitation from an employer than if they look at a job on their own.‬‭Slide 1-4-17‬‭The‬ ‭next‬ ‭part‬ ‭of‬ ‭our‬ ‭strategy‬ ‭is‬ ‭to‬ ‭offer‬ ‭the‬ ‭best‬ ‭matching‬ ‭for‬ ‭job‬ ‭seekers,‬ ‭providing‬ ‭personalized‬ ‭job‬ ‭and‬‭ areer recommendations based on our understanding of their skills and preferences.‬c‭Slide 1-4-18‬‭Excellence in personalized matching requires several steps:‬‭We need to deeply understand occupations.‬‭We collect information from job seekers and jobs.‬‭We help employers validate skills.‬‭We offer personalized job recommendations.‬‭And we use every piece of data as part of a broader feedback loop to make our matching stronger over time.‬‭So let me share a little more about how we do this.‬‭Slide 1-4-19‬‭ ur‬ ‭industry-leading‬ ‭understanding‬ ‭of‬ ‭occupations‬ ‭fuels‬ ‭our‬‭two-sided‬‭AI‬‭and‬‭ML‬‭matching‬‭models.‬‭Across‬O‭900‬ ‭occupations,‬ ‭we‬ ‭extract‬ ‭more‬ ‭than‬ ‭10‬ ‭thousand‬ ‭unique‬ ‭attributes‬ ‭-‬ ‭things‬ ‭like‬ ‭skills,‬ ‭licenses,‬ ‭work‬‭settings, schedules, benefits and pay - many that are unique to each occupation.‬‭Slide 1-4-20‬‭ his‬‭occupation-specific‬‭understanding‬‭then‬‭powers‬‭most‬‭Indeed‬‭experiences.‬‭For‬‭example,‬‭if‬‭you‬‭search‬‭for‬T‭a‬‭registered‬‭nurse‬‭in‬‭Seattle,‬‭you‬‭will‬‭see‬‭many‬‭drop‬‭downs,‬‭with‬‭options‬‭to‬‭tailor‬‭your‬‭search‬‭with‬‭attributes‬‭that‬‭are‬‭specific‬‭to‬‭registered‬‭nursing‬‭jobs.‬‭So,‬‭if‬‭you‬‭are‬‭looking‬‭for‬‭an‬‭acute‬‭care,‬‭pediatric‬‭nurse‬‭job‬‭with‬‭an‬‭evening shift - we can help you find it.‬‭Now‬ ‭we‬ ‭don’t‬ ‭just‬ ‭extract‬ ‭information‬ ‭from‬ ‭jobs‬ ‭and‬ ‭profiles,‬ ‭we‬ ‭also‬ ‭collect‬ ‭a‬ ‭lot‬ ‭of‬ ‭information‬ ‭about‬‭job‬‭ eeker skills and preferences on Indeed while they are exploring jobs.‬s‭Slide 1-4-21‬‭You‬‭can‬‭see‬‭in‬‭this‬‭example‬‭-‬‭a‬‭job‬‭requires‬‭an‬‭RN‬‭license.‬‭We’re‬‭not‬‭sure‬‭if‬‭this‬‭job‬‭seeker‬‭has‬‭one‬‭-‬‭so‬‭we‬j‭ust ask them while they are looking at the job.‬‭Slide 1-4-22‬‭If they do, it turns green.‬‭Slide 1-4-23‬‭If not, it turns red.‬‭This transcript is provided for the convenience of investors only.‬‭3‬‭This‬ ‭approach‬ ‭allows‬ ‭us‬ ‭to‬ ‭gather‬ ‭unique‬ ‭information‬ ‭about‬ ‭job‬ ‭seekers,‬ ‭at‬ ‭scale.‬ ‭Last‬‭year‬‭alone,‬‭across‬‭ ualifications and preferences we collected more than 2 billion unique data points.‬q‭Slide 1-4-24‬‭ ow,‬‭gathering‬‭preferences‬‭around‬‭pay‬‭from‬‭job‬‭seekers‬‭-‬‭and‬‭getting‬‭pay‬‭information‬‭on‬‭jobs‬‭-‬‭is‬‭particularly‬N‭important‬ ‭for‬ ‭both‬ ‭matching‬ ‭and‬ ‭engagement.‬ ‭We‬‭see‬‭jobs‬‭with‬‭pay‬‭get‬‭30%‬‭more‬‭started‬‭applications‬‭per‬‭impression.‬ ‭And‬‭again,‬‭as‬‭of‬‭right‬‭now,‬‭only‬‭about‬‭half‬‭of‬‭US‬‭jobs‬‭have‬‭pay‬‭information‬‭provided‬‭directly‬‭by‬‭the employer. That’s up 10 percentage points versus last year, but there’s still more to do.‬‭Slide 1-4-25‬
I‭n‬ ‭addition‬ ‭to‬ ‭collecting‬ ‭self-reported‬ ‭skills,‬ ‭we‬ ‭also‬ ‭help‬ ‭job‬ ‭seekers‬ ‭prove‬‭they‬‭have‬‭them.‬‭We‬‭offer‬‭skills‬‭tests‬‭called‬‭Indeed‬‭Assessments‬‭for‬‭900‬‭skills.‬‭To‬‭date‬‭more‬‭than‬‭1‬‭billion‬‭assessments‬‭have‬‭been‬‭taken.‬‭We‬‭also‬‭offer‬‭options‬‭to‬‭add‬‭how‬‭many‬‭years‬‭of‬‭experience‬‭you‬‭have‬‭in‬‭a‬‭particular‬‭skill‬‭(which‬‭is‬‭not‬‭always‬‭clear‬‭from‬ ‭a‬ ‭traditional‬ ‭resume)‬ ‭and‬ ‭a‬‭way‬‭to‬‭convey‬‭skills‬‭gained‬‭through‬‭programs‬‭versus‬‭college‬‭or‬‭traditional‬‭work experience.‬‭Slide 1-4-26‬‭ ith‬‭this‬‭understanding‬‭of‬‭job‬‭seekers‬‭and‬‭jobs‬‭-‬‭we‬‭then‬‭focus‬‭on‬‭offering‬‭AI-driven‬‭recommendations‬‭to‬‭job‬W‭seekers,‬ ‭so‬ ‭they‬ ‭can‬ ‭find‬ ‭great‬ ‭fit‬ ‭jobs‬ ‭faster.‬ ‭When‬ ‭a‬ ‭job‬ ‭seeker‬ ‭is‬ ‭logged‬ ‭in,‬ ‭the‬ ‭homepage‬‭feed‬‭shows‬‭recommended‬‭jobs,‬‭based‬‭on‬‭everything‬‭we‬‭know‬‭about‬‭that‬‭job‬‭seeker.‬‭We‬‭also‬‭email‬‭recommended‬‭jobs,‬‭and‬ ‭use‬ ‭AI‬ ‭to‬ ‭explain‬ ‭why‬ ‭we‬ ‭think‬ ‭a‬ ‭certain‬ ‭job‬ ‭might‬ ‭be‬ ‭a‬ ‭good‬ ‭fit.‬ ‭Recommendations‬ ‭like‬ ‭this‬ ‭(versus‬‭search) now make up 60% of our monetized started applications, so it’s a very important part of our strategy.‬‭As‬ ‭part‬ ‭of‬ ‭creating‬ ‭personalized‬ ‭recommendations,‬ ‭we‬ ‭are‬ ‭also‬‭testing‬‭new‬‭GenAI‬‭experiences‬‭to‬‭help‬‭job‬‭ eekers explore job and career changes based on skills or other considerations.‬s‭Slide 1-4-27‬‭ ur‬ ‭first‬ ‭experiment‬ ‭in‬ ‭the‬ ‭US‬ ‭already‬ ‭shows‬ ‭a‬ ‭17‬ ‭percentage‬ ‭point‬ ‭improvement‬ ‭in‬ ‭conversion‬‭to‬‭started‬
O‭apply‬‭vs.‬‭an‬‭open‬‭ended‬‭search‬‭on‬‭Indeed.‬‭And‬‭we‬‭see‬‭so‬‭much‬‭potential‬‭here‬‭for‬‭creating‬‭new‬‭compelling‬‭experiences for job seekers.‬‭Slide 1-4-28‬‭ ow,‬‭with‬‭recommendations,‬‭of‬‭course‬‭we‬‭are‬‭trying‬‭to‬‭steer‬‭job‬‭seekers‬‭to‬‭jobs‬‭where‬‭they‬‭are‬‭more‬‭likely‬‭to‬N‭get‬ ‭hired.‬ ‭The‬ ‭green‬ ‭and‬ ‭red‬‭highlights‬‭are‬‭part‬‭of‬‭how‬‭we‬‭do‬‭this.‬‭And,‬‭when‬‭we‬‭see‬‭a‬‭job‬‭seeker‬‭start‬‭to‬‭apply‬‭to‬‭a‬‭job‬‭where‬‭they‬‭are‬‭missing‬‭core‬‭qualifications‬‭-‬‭we‬‭suggest‬‭they‬‭add‬‭supporting‬‭documentation‬‭and‬‭also suggest other jobs that might be a better fit.‬‭Slide 1-4-29‬‭ his‬‭last‬‭step‬‭-‬‭our‬‭feedback‬‭loop‬‭-‬‭is‬‭critical.‬‭We‬‭use‬‭all‬‭this‬‭data‬‭about‬‭job‬‭seekers‬‭to‬‭feed‬‭and‬‭tune‬‭our‬‭AI‬
T‭models‬ ‭and‬ ‭match‬ ‭recommendations‬ ‭over‬ ‭time.‬ ‭Personalized‬ ‭matching‬ ‭means‬ ‭we‬ ‭need‬ ‭to‬ ‭be‬ ‭constantly‬‭looking‬ ‭for‬ ‭feedback‬ ‭-‬ ‭just‬ ‭like‬ ‭a‬ ‭career‬ ‭advisor‬ ‭would‬ ‭-‬ ‭to‬ ‭make‬ ‭sure‬ ‭our‬ ‭recommendations‬ ‭are‬ ‭actually‬‭helpful.‬‭Slide 1-4-30‬‭The‬ ‭third‬ ‭part‬ ‭of‬ ‭our‬ ‭strategy‬ ‭is‬ ‭enabling‬ ‭faster‬ ‭connections‬ ‭on‬ ‭Indeed‬ ‭-‬ ‭with‬ ‭tools‬ ‭to‬ ‭help‬ ‭job‬ ‭seekers‬‭ howcase their skills, apply, interview, and ultimately get hired.‬s‭This transcript is provided for the convenience of investors only.‬‭4‬‭Slide 1-4-31‬‭Beyond‬‭matching,‬‭there‬‭are‬‭4‬‭elements‬‭that‬‭help‬‭drive‬‭faster‬‭connections‬‭on‬‭Indeed‬‭-‬‭our‬‭mobile‬‭app,‬‭Indeed‬‭ pply, Indeed Messaging and Indeed Interview.‬
A‭Slide 1-4-32‬‭ ur‬ ‭mobile‬ ‭app‬ ‭is‬ ‭our‬ ‭leading‬ ‭surface‬ ‭for‬ ‭engagement‬ ‭and‬ ‭revenue.‬ ‭Because‬ ‭job‬ ‭seekers‬ ‭on‬ ‭the‬‭app‬‭are‬O‭always‬ ‭logged‬ ‭in,‬ ‭personalization‬ ‭becomes‬ ‭easier.‬ ‭Native‬ ‭elements‬ ‭on‬ ‭the‬ ‭app‬ ‭allow‬ ‭us‬ ‭to‬ ‭deliver‬ ‭a‬ ‭more‬‭seamless and retentive experience, which should help us lower our job seeker acquisition costs over time.‬‭Slide 1-4-33‬
I‭ndeed‬ ‭Apply‬ ‭is‬ ‭another‬ ‭critical‬ ‭part‬ ‭of‬ ‭our‬ ‭strategy‬ ‭to‬ ‭streamline‬ ‭hiring,‬ ‭as‬ ‭it‬ ‭ensures‬ ‭a‬ ‭mobile-optimized‬‭application‬ ‭process.‬ ‭This‬ ‭is‬ ‭particularly‬ ‭important‬ ‭because‬ ‭75%‬ ‭of‬ ‭applications‬ ‭are‬ ‭submitted‬ ‭via‬ ‭mobile‬‭devices.‬‭Slide 1-4-34‬‭ o‬‭give‬‭an‬‭example‬‭of‬‭the‬‭speed‬‭and‬‭simplicity‬‭difference‬‭-‬‭I‬‭looked‬‭at‬‭2‬‭barista‬‭jobs‬‭live‬‭on‬‭Indeed‬‭right‬‭now‬T‭from‬‭different‬‭companies.‬‭The‬‭first‬‭barista‬‭job‬‭requires‬‭completing‬‭the‬‭application‬‭on‬‭the‬‭career‬‭site,‬‭off‬‭Indeed‬‭-‬‭which‬‭has‬‭many‬‭steps‬‭and‬‭takes‬‭8‬‭minutes‬‭to‬‭complete.‬‭The‬‭second‬‭has‬‭Indeed‬‭Apply‬‭and‬‭takes‬‭just‬‭a‬‭few‬‭clicks‬ ‭to‬ ‭complete,‬ ‭given‬ ‭the‬ ‭job‬ ‭seeker‬ ‭can‬ ‭use‬ ‭saved‬ ‭info‬ ‭from‬ ‭their‬ ‭Indeed‬ ‭profile.‬ ‭That’s‬ ‭a‬ ‭24X‬ ‭speed‬‭difference.‬‭Why‬‭does‬‭this‬‭matter?‬‭Well,‬‭because‬‭job‬‭seekers‬‭frequently‬‭just‬‭drop‬‭off‬‭when‬‭they‬‭encounter‬‭an‬‭apply flow that is too long or too hard to complete.‬‭Slide 1-4-35‬‭ ow,‬ ‭after‬ ‭the‬ ‭apply,‬ ‭we‬‭work‬‭to‬‭enable‬‭messaging‬‭on‬‭Indeed‬‭-‬‭which‬‭is‬‭usually‬‭the‬‭first‬‭human‬‭connection‬N‭between‬ ‭a‬ ‭job‬ ‭seeker‬ ‭and‬ ‭an‬ ‭employer‬ ‭after‬ ‭the‬ ‭apply.‬ ‭Last‬ ‭year,‬ ‭the‬ ‭number‬ ‭of‬ ‭job‬ ‭seekers‬ ‭who‬ ‭sent‬‭messages to employers on Indeed grew by 25%.‬‭Slide 1-4-36‬‭To‬ ‭help‬ ‭job‬ ‭seekers‬ ‭and‬ ‭employers‬ ‭communicate‬ ‭even‬ ‭faster,‬ ‭we‬ ‭are‬ ‭also‬ ‭starting‬ ‭to‬ ‭use‬ ‭AI-generated‬‭ rompts to get the ball rolling. What are the vast majority of messages about? Setting up an interview.‬p‭Slide 1-4-37‬
I‭nterview‬ ‭scheduling‬ ‭is‬ ‭one‬ ‭of‬ ‭the‬ ‭most‬ ‭manual‬ ‭and‬ ‭time‬ ‭consuming‬ ‭parts‬ ‭of‬‭hiring.‬‭On‬‭Indeed,‬‭we‬‭offer‬‭a‬‭number‬‭of‬‭solutions‬‭to‬‭help‬‭make‬‭this‬‭faster,‬‭including‬‭options‬‭to‬‭schedule‬‭interviews‬‭into‬‭our‬‭video‬‭solution‬‭-‬‭Indeed‬ ‭Interview.‬ ‭Last‬ ‭year,‬ ‭we‬ ‭completed‬ ‭8‬‭million‬‭interviews‬‭on‬‭Indeed‬‭-‬‭and‬‭we’ve‬‭done‬‭15‬‭million‬‭since‬‭launch.‬‭Our‬‭average‬‭time‬‭to‬‭first‬‭interview‬‭is‬‭four‬‭days,‬‭whereas‬‭many‬‭hiring‬‭processes‬‭take‬‭weeks‬‭to‬‭get‬‭to‬‭this point.‬‭Slide 1-4-38‬‭ our‬ ‭days‬ ‭seems‬ ‭fast,‬ ‭but‬ ‭we‬ ‭are‬ ‭working‬ ‭to‬ ‭make‬ ‭it‬ ‭even‬ ‭faster,‬ ‭by‬ ‭enabling‬ ‭jobs‬‭with‬‭direct-to‬‭interview‬F‭flows.‬‭In‬‭these‬‭flows,‬‭any‬‭JS‬‭that‬‭has‬‭the‬‭qualification‬‭for‬‭a‬‭job‬‭can‬‭immediately‬‭pick‬‭from‬‭pre-set‬‭slots‬‭to‬‭meet‬‭with‬‭the‬‭employer.‬‭Job‬‭seekers‬‭love‬‭this‬‭experience,‬‭because‬‭they‬‭know‬‭immediately‬‭whether‬‭they‬‭will‬‭have‬‭a‬‭chance to convey to the employer why they want the job and what they can do!‬‭Slide 1-4-39‬‭So that is our three part strategy to help workers all over the world.‬‭This transcript is provided for the convenience of investors only.‬‭5‬‭Slide 1-4-40‬‭And to help bring our experience to life, here’s a short demo of how Indeed works.‬‭Slide 1-4-41‬‭I open the Indeed App, find a great fit job on my homepage at the top,‬‭Slide 1-4-42‬‭I review it, see in all the green it’s a good fit for me and decide to apply.‬‭Slide 1-4-43‬‭I can immediately review my application because my info was saved on Indeed.‬‭Slide 1-4-44‬‭I can submit my application,‬‭Slide 1-4-45‬‭check on its status,‬‭Slide 1-4-46‬‭message with employers,‬‭Slide 1-4-47‬‭and schedule an interview,‬‭Slide 1-4-48‬‭in a time slot that works for me.‬‭Slide 1-4-49‬‭When it’s time to join the interview I can do so right from my phone and if all goes well,‬‭Slide 1-4-50‬‭I will hopefully get the offer!‬‭Slide 1-4-51‬‭Every‬‭day‬‭we‬‭collect‬‭messages‬‭from‬‭job‬‭seekers‬‭who‬‭have‬‭found‬‭a‬‭job‬‭on‬‭Indeed.‬‭Many‬‭of‬‭these‬‭messages‬‭ re incredibly heartwarming.‬a‭Slide 1-4-52‬‭There are nearly 20 million of these stories and you can check them out at gotajob.indeed.com‬‭Each‬‭person’s‬‭story‬‭for‬‭how‬‭they‬‭got‬‭a‬‭job‬‭on‬‭Indeed‬‭is‬‭a‬‭step‬‭toward‬‭our‬‭Indeed-wide‬‭goal‬‭to‬‭help‬‭100‬‭million‬‭ eople get jobs by 2030.‬p‭This transcript is provided for the convenience of investors only.‬‭6‬‭Slide 1-4-53‬‭So here’s what I hope you will takeaway from this presentation:‬‭Our vision is to become a trusted career companion for every worker.‬‭Our strategy focuses on offering broad reach, the best matching and faster connections.‬‭We’re providing personalized experiences using AI and ML, and our depth of job seeker understanding.‬‭And we will help 100 million people get hired by 2030.‬‭With that, I’ll turn it over to Raj who will talk about how we’re delivering value for employers.‬‭Thank you.‬‭[END]‬‭Forward-Looking Statements‬‭ his‬‭document‬‭contains‬‭forward-looking‬‭statements,‬‭which‬‭reflect‬‭the‬‭Company's‬‭assumptions‬‭and‬‭outlook‬‭for‬T‭the‬ ‭future‬ ‭and‬ ‭estimates‬ ‭based‬ ‭on‬ ‭information‬ ‭available‬ ‭to‬ ‭the‬ ‭Company‬ ‭and‬ ‭the‬ ‭Company's‬ ‭plans‬ ‭and‬‭expectations‬ ‭as‬ ‭of‬ ‭the‬ ‭date‬ ‭of‬ ‭this‬ ‭document‬ ‭or‬ ‭other‬ ‭date‬ ‭indicated.‬ ‭There‬ ‭can‬ ‭be‬ ‭no‬ ‭assurance‬ ‭that‬‭the‬‭relevant forecasts and other forward-looking statements will be achieved.‬‭ lease‬ ‭note‬ ‭that‬ ‭significant‬ ‭differences‬ ‭between‬ ‭the‬ ‭forecasts‬ ‭and‬ ‭other‬ ‭forward-looking‬ ‭statements‬ ‭and‬P‭actual‬ ‭results‬ ‭may‬ ‭arise‬ ‭due‬ ‭to‬ ‭various‬ ‭factors,‬ ‭including‬ ‭changes‬ ‭in‬ ‭economic‬ ‭conditions,‬ ‭changes‬ ‭in‬‭individual‬ ‭users’‬ ‭preferences‬ ‭and‬ ‭business‬ ‭clients'‬ ‭needs,‬ ‭competition,‬ ‭changes‬ ‭in‬ ‭the‬ ‭legal‬‭and‬‭regulatory‬‭environment,‬ ‭fluctuations‬ ‭in‬ ‭foreign‬ ‭exchange‬ ‭rates,‬ ‭climate‬ ‭change‬ ‭or‬ ‭other‬ ‭changes‬ ‭in‬ ‭the‬ ‭natural‬‭environment,‬‭the‬‭impact‬‭of‬‭the‬‭spread‬‭of‬‭COVID-19,‬‭the‬‭occurrence‬‭of‬‭large-scale‬‭natural‬‭disasters,‬‭and‬‭other‬‭factors.‬‭ ccordingly,‬ ‭readers‬ ‭are‬ ‭cautioned‬ ‭against‬ ‭placing‬ ‭undue‬‭reliance‬‭on‬‭any‬‭such‬‭forward-looking‬‭statements.‬
A‭The‬‭Company‬‭has‬‭no‬‭obligation‬‭to‬‭update‬‭or‬‭revise‬‭any‬‭information‬‭contained‬‭in‬‭this‬‭document‬‭based‬‭on‬‭any‬‭subsequent developments except as required by applicable law or stock exchange rules and regulations.‬‭This transcript is provided for the convenience of investors only.‬‭7‬