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Solving Mobile Apply: Indeed Acquires MoBolt

A conversation with Chris Hyams, SVP of Product and International at Indeed

SVP of Product and International at Indeed Chris Hyams, TotalPicture Radio interviewChris Hyams

One in Every Two Job Searches is Now on a Mobile Device

Last year at the Mobile Recruiting Conference (MREC) in Atlanta I met two very nice people; Ashile Collins and Scott Garrett, part of a new start-up called MoBolt, a company providing a critical solution for companies: allowing job seekers to apply for open positions using a mobile device.

Welcome to a HR Technology Channel podcast on TotalPicture Radio, with Peter Clayton reporting. If you work for a company that does not allow for mobile apply - and chances are you do (since only about 10% of Fortune 500 companies have a mobile friendly application process) - your company is losing out big-time. The fall-off rate is huge - and if you work in retail, transportation, healthcare, fast food, and many other verticals, you are REALLY missing out, since many people working in these industries rely on their smart phones and tablets exclusively. According to a March 2013 CareerBulider survey, "Nearly one-third of CareerBuilder.com's traffic each month comes from mobile devices; however, CareerBuilder tracking shows that as much as 40 percent of mobile candidates abandon the application process when they are notified they are about to encounter a non-mobile friendly apply process."

Fast-forward to SHRM Annual 2014 in Orlando - I get a press release - "Indeed agrees to acquire the MoBolt technology business to enable employers to accept mobile job applications from all job seekers."

Joining me today to discuss this acquisition is Chris Hyams, SVP, Product and international at Indeed.

Here's the complete text of the Press Release:

Indeed agrees to acquire the MoBolt technology business to enable employers to accept mobile job applications from all job seekers

AUSTIN, TX - June 24th, 2014 - Indeed, the world's leading job site, today announced that it has agreed to acquire the business and assets of MoBolt, a leading provider of mobile job application technology. In June 2014 Indeed's job search data showed that nearly 50% of all job seekers are looking for and applying to jobs through a mobile device. With this acquisition, Indeed will enable employers worldwide to take advantage of this shift and to accept job applications through a mobile device, without any infrastructure upgrades or IT integration.

"Mobile job search is not a thing of the future, it is a reality today. A majority of job seekers around the world find jobs on a mobile device, but only a fraction of employers allow them to apply right there and then. The best talent will not wait to apply later -- they will simply move on to another opportunity. MoBolt enables any employer to leap frog this road block and access every candidate," said Chris Hyams, Senior Vice President, Product and International at Indeed.

MoBolt's technology provides job seekers with a seamless apply process from any smartphone, tablet, or desktop browser. For employers, the solution requires no change to their current HR and applicant tracking systems and no IT involvement. MoBolt offers employers detailed visibility into their recruiting effectiveness, and ultimately reduces their cost per hire. Indeed's pay for performance business model will be extended to the MoBolt solution, offering Indeed paid traffic for every dollar spent on mobile apply.

"Only 10% of Fortune 500 companies have a mobile friendly application process. For those who do, 30% of candidates who intend to apply leave at the first step - user login. The end result is millions of wasted marketing dollars, unfilled jobs, and a poor job seeker experience. It is critical that companies mobilize and simplify their existing job application process to gain a competitive advantage in the talent war," said Kshitij "KJ" Jain, Founder and CEO of MoBolt.

The Indeed/MoBolt offering is available in over 50 countries globally. The completion of the acquisition is subject to customary conditions and is expected to close early July. For more information, visit blog.indeed.com/2014/06/24/mobolt.

ENDS # # # About Indeed

More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search millions of jobs on the web or mobile in over 50 countries and 28 languages. More than 140 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies (sources: SilkRoad & iCIMS). For more information, visit indeed.com.

About MoBolt

MoBolt unlocks the power of mobile in talent acquisition for customers such as Nike, Electronic Arts, Autodesk, TUI Travel & AOL. Its leadership team, with extensive experience in the recruitment and technology space, saw the mobile tsunami in recruitment coming. In response, MoBolt created a smart and simple mobile apply platform that works seamlessly with any applicant tracking system (ATS) worldwide. MoBolt is the first to move the ATS login process that traditionally turns off most applicants, from the start to the end - significantly increasing conversions and applicant satisfaction.

Peter Clayton

About Peter Clayton

Peter Clayton, Producer/Host, is an award-winning producer/director of radio, television, documentary, video, interactive and Web-based media who has created breakthrough media for a wide array of Fortune 100 clients.


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