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Social Impact

Commitment to Society

At SIR Group, we recognize how important work is in a person’s life. As a leader in the global two-sided talent marketplace helping match job seekers to hiring employers, we are well positioned to expand employment opportunities for all and reduce the time to get hired. We are committed to making a social impact through our products and services.

To do this, it is crucial for our hiring platform to leverage data and technology to enhance the speed and accuracy of job matching. Furthermore, all too often, traditional hiring practices have the unfortunate potential to reinforce systemic labor market biases and barriers that cannot be solved by speed and matching improvements alone.

In order to solve these social issues through our business, SIR Group has committed to achieve two social impact goals.

Reducing the Time to Get Hired by Half

We have been working to get closer to the hire by helping job seekers and employers through every step of the process. With the power of our hiring platform, job seekers are able to search for a job, apply for a job, have an interview, and get hired faster and simpler than ever before. What’s more is through the combination of rich data and product advancement, we are improving the quality of job matching, too.

A figure illustrating the company's vision where the entire hiring process can be completed on the Indeed platform, from job seekers search for a job all the way through they get hired.

Advancement in Measurement Methodology

Establishing Job Search Duration Measurement

“When does a job search begin and when does it end?” To date, there has not been an established measurement method available to capture exactly how long it takes for job seekers to get jobs on a job platform. Therefore, our journey started by developing a methodology to enable us to answer this question.

We had a measurement logic in place that shed light on when a job search ended (what we call “hired signal”), but we did not have a way to know and measure when a job search starts. To calculate the overall search duration from when a job search starts to when a person is hired, we began gathering self-reported data on job search duration directly from job seekers who found their jobs. In the long term, we are evolving our measurement methodology to identify the start of job search from actions on the platform to measure the time it takes to get hired more easily.

Employer “Time-to-Hire"

In pursuit of our long-term goal to halve the time it takes to get hired, we need to understand the process of both the job seeker and employer. As shown in the diagram below, many of the steps that job seekers follow in the job search process parallel those that employers follow in the candidate search process, and employers' actions significantly impact the time it takes to get hired.

The Hiring Process of Job Seekers and Employers

 

 

A diagram illustrating how the processes of job seekers getting hired and employers’ hiring process align.

We measure the time it takes for an employer to hire by using the date that the job was created on Indeed as the start point, and the date that a successful hire was made as the end point. Each step of this process can be measured.