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Predicting the Future
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Who is ZipRecruiter…
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Founded by a team of Internet startup veterans
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Bootstrapped profitably for 4.5 years…
2010 2012 2014
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$63MM Series A funding raised in Aug 2014
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Applicant Tracking System 1-Click Job Distribution to over
For Employers… + Applicant Tracking System 1-Click Job Distribution to over 60 job sites
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ZipRecruiter Target Customer
5 million businesses with employees Source: US Census Bureau
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For job seekers… + Job Alerts Mobile App
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50k 2MM 3B ZipRecruiter in 2014 New Subscribers Jobs Posted
Job Alerts Sent
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Not a job board, but we have a broad perspective
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How we think the job space will evolve
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The aggregation age is upon us
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Are aggregators disrupting traditional job boards?
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Yes
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How are they disruptive?
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All the jobs in one place is a REALLY good SEO strategy
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Aggregators 6 million jobs Everyone else < 400k jobs
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Is aggregation a defensible SEO strategy?
ZipRecruiter SEO visitors with addition of 1MM organic jobs 700k 138k 2014 May Jun Jul Aug Sep
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The Big GUNS ARE COMING…
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Substantial redistribution of organic traffic within 2 years
Prediction #1: Substantial redistribution of organic traffic within 2 years Everyone else Everyone else
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Does anyone have a defensible SEO strategy?
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Glassdoor is in an intriguing position
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High quantity of quality user generated content
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Successfully creating a brand with jobseekers
“This job looks perfect, you should…” A. Indeed it B. Craigslist it C. Glassdoor it
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Prediction #2: Glassdoor will become one of the most valuable job companies in the world
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If aggregation becomes common, where is the next big advantage?
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The mobile age emerges
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37% 40% 45% 51% Mobile vs. Desktop Traffic Monster LinkedIn
ZipRecruiter 51% Indeed
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Prediction #3: Mobile will be the dominant method of job seeking within 1.5 years
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In the short term, Mobile will be a land grab…
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Prediction #4: But there will be an array of strong mobile experiences…and nobody will win the job market on platform alone
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Mobile SEO So in the future what will separate the market leaders from the rest?
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Two keys to success…
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The ability to leverage BIG DATA
Key to Success #1: The ability to leverage BIG DATA
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The age of curation for job seekers
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No longer about having ALL the jobs
No longer about having ALL the jobs. Now about highlighting the right jobs.
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Machine learning Machine learning
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Prediction #5: Big data will transform what job seekers expect from a job site
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The age of promising specific results to employers
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2013 2014 2015+
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2013 2014 2015+ Unit Metric Buying
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2013 2014 2015+ Unit Metric Buying Rules Engines
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2013 2014 2015+ Unit Metric Buying Rules Engines Predictive Analytics
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historical performance of similar jobs by same employer
# of active job seekers in geography # of job alert recipients within 25 miles # of similar jobs employer is currently running time of year # of similar jobs in market from all employers historical performance of similar jobs sponsored budget behind the job job title, length of description, spelling errors
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Just like Google
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Prediction #6: Pay per candidate will be bigger than pay per click…faster than we think
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Key to Success #2: Marketing Prowess
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The age of big marketing
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Brand Identity = 2 sec recognition
00:02
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Do Job Sites have brand identity…
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What site is this…
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What site is this…
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What site is this…
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What site is this…
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Aggregators have been selling through call centers
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Now we see them making investment in brand
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Which is smart
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Monster has been doing this all along
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With evident results
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Name recognition is the battle
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Whatever is built will be copied
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Product innovation isn’t enough…
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The winners will have broad marketing reach
2,100 locations The winners will have broad marketing reach
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$30B Per year spent on talent acquisition in the US Source: Blackstone
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$34.3MM $1.2B $91.5MM $18MM $117MM $63MM $15.5MM $52MM $30.5MM
Investment is flooding the space… $34.3MM $1.2B $91.5MM $18MM $117MM $63MM $15.5MM $52MM $30.5MM
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Prediction #7: Offline marketing spend will explode in the next 3 years
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Who will win big?
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Ability to aggregate all the jobs
Strong mobile experience Ability to mine Big Data The cash to spend BIG on marketing Brandable differentiation
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The Contenders: Indeed LinkedIn Careerbuilder Dice Monster SimplyHired Glassdoor Jobs2Careers Beyond TopUSAjobs Juju Ebay Classifieds craigslist Snagajob LinkUp Eharmony TheLadders CareerBliss Hired Jobr Switch JobRapido ShiftGig Workpop
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ZipRecruiter’s pick for future champ?
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All of you
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