Simply Hired is a job website. It is one of the better-known websites of its kind, but it is interesting to note that it went through a significant change of ownership in 2016, which was the consequence of the way that it had been run up until that point in time. Here are 10 facts about Simply Hired that you may or may not have known:
Specializes in Helping Employers and Potential Employees Connect with One Another
Simply Hired is one of a number of websites that started up in the late 1990s and early 2000s for the purpose of helping people engaged in the process of job hunting. Since then, it has continued to help employers connect with potential employees over the Internet, which provides more possibilities than otherwise possible.
It Is an Aggregator
With that said, it is important to note that Simply Hired runs on the basis of being an aggregator. In other words, it aggregates job listings posted in other places on a single website, thus making looking through them that much easier for interested individuals.
Search By Keyword and By Location
For the most part, Simply Hired's search engine is much as what most people would expect from it. One example is how interested individuals can search for jobs by using keywords, while another example is how interested individuals can search for jobs by using the location of those jobs.
Operates In a Number of Countries
Simply Hired is best-known in the English-speaking world, which is rather unsurprising considering that it started up in the United States. However, it should be mentioned that it operates in more than a score of other countries, which can be found on all of the inhabited continents on our planet.
Operates On a PPC Model
For those who are curious, Simply Hired runs on a PPC model, which stands for pay-per-click. In short, employers can get better placements in the search results by paying Simply Hired in a PPC manner, which can be important because better placements tend to mean more people who see them. Something that in turn, means a better chance of finding the perfect candidate.
In 2003, a trio of people co-founded Simply Hired. With that said, the co-founding of the corporation was made possible by $1.2 million in an initial investment, meaning that there were investors who possessed a fair measure of confidence in their business plan.
Received Further Funding
Upon launching the beta website in 2005, the people behind Simply Hired managed to secure a further $3 million in Series B funding from Guy Kawasaki and a number of other investors. Later, the corporation managed to secure $13.5 million from News Corp. and Foundation Capital, meaning that at that point in time, there was still a fair amount of confidence in its potential for making a profit.
Employees Received 30 Days Notice in 2016
In 2016, the employees of Simply Hired received 30 days' notice that the corporation would be stopping its operations throughout the entire world. Meanwhile, the customers of Simply Hired received notice of the same thing via email, which must have come as something of a shock for a significant number of them.
Bought Out By Competitor in 2016
With that said, Simply Hired didn't end up stopping its operations after all. Instead, it ended up being bought out by Recruit Holdings Co., which some people might be familiar with as the corporation that owns Indeed.com. In other words, Simply Hired was bought out by its competitor in 2016.
Multiple Causes For Buyout
There is no single reason for Simply Hired being bought out but rather a number of them. For example, there were reports that Simply Hired wasn't as good at reaching out to potential customers than its competitors. Furthermore, it was said that even when it did manage to secure customers, it failed to provide them with an experience that was satisfactory as that of its competitors, both because of mediocre execution of its basic premise and because of its inability to keep up with technological change. Combined with the expectations placed upon it by its investors, it is perhaps unsurprising that Simply Hired ended up becoming the one being bought out rather than the one buying out others.
Written by Garrett Parker
Read more posts by Garrett Parker