Job search site Indeed.com acquired by Recruit Co. Ltd

http://www.indeed.com/pressrel/indeed-announces-acquisition-by-recruit-co-ltd.jsp

by clamprecht • 14 years ago

28 12 14 years ago

indeed.com

citricsquid• 14 years ago

Potentially relevant, the new parent (Recruit) intends on going public soon [1]

[1] http://www.yomiuri.co.jp/dy/business/T120626005277.htm

T-R• 14 years ago

Even after the Recruit scandal[1], Recruit still has pretty much an absolute monopoly on HR in Japan. Their massive recruiting events are the primary method of finding a job. At the events, applicants are commoditized by filling out forms with the same subset of credentials, everyone wears pretty much the same suit, and even those with naturally lighter hair dye it black. Recruiting events for students and recent grads are separate from those for the previously employed (which are not as well attended by major companies). They're a major contributor to the status quo in Japan where high school and college names are the most important credential (which makes entrance exam scores of the utmost importance), introductory pay is low, and where those who leave a previous job have a difficult time finding a new one.

[1] http://en.wikipedia.org/wiki/Recruit_scandal

nandemo2• 14 years ago

> At the events, applicants are commoditized by filling out forms with the same subset of credentials, everyone wears pretty much the same suit, and even those with naturally lighter hair dye it black.

I'm confused. Why is this particularly related to Recruit? Those rules are observed in any recruiting event in Japan. E.g. students are often recruited at on-campus events, which as far as I know have nothing to do with Recruit. Neither has the weird custom of hand-written resumes.

sgdesign• 14 years ago

Recruit is one of those huge companies that people don't know about outside of Japan, another one being Rakuten. These companies (as well as Tencent, Baidu, etc.) are starting to set their sights on Silicon Valley and I think you're going to see some pretty aggressive moves from them as they try to catch up with (or outright buy out) US companies.

LeonidasXIV• 14 years ago

In the case of Rakuten it currently looks like a total disaster, the global Rakuten site is only a tad bit less ugly than the japanese one and machine translated, rendering it more or less useless.

I'm sure Amazon.co.jp wouldn't fare well in Japan either if they were doing such a half-assed job as the english Rakuten site.

nandemo2• 14 years ago

For what is worth, Rakuten is #1 at online retail in Japan. Amazon.co.jp is #2 but the difference is pretty significant.

nekgrim• 14 years ago

Rakuten bought play.com (uk site) and priceminister.com (french site) recently. In Paris, the priceminister ads in the subway have Rakuten's name on them. So I think Rakuten has already started to expand.

dsolomon3• 14 years ago

Indeed.com was pretty much trash anyway. Maybe they can sell it as a write-off

mtoddh• 14 years ago

Wow, I'm surprised to hear this- Fred Wilson had described them as one of the most successful companies in their portfolio [1].

[1] http://www.avc.com/a_vc/2012/03/indeed-a-hiring-powerhouse.h...

dsolomon3• 14 years ago

Fred who and AVwhat?

The posters sent that site's credibility down the drain years ago. Good riddance.

wilfra• 14 years ago

I'd never heard of it but Alexa 256 (73 US) would indicate they are doing something very, very right.

dsolomon3• 14 years ago

I was referring to credibility not traffic.

Job search site Indeed.com acquired by Recruit Co. Ltd

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