Wednesday 28 September 2016

Indeed to secure office for at least 530 staff by 2016

Paul O'Donoghue

Published 12/11/2015 | 02:30

Indeed.com will need at least 65,000 sq ft in its new offices
Indeed.com will need at least 65,000 sq ft in its new offices

Recruitment website Indeed.com is on the hunt for an office to lease that can fit at least 530 employees by the end of the year.

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Indeed has sites in more than 50 countries and 28 languages. It brings together job listings from a variety of sources such as staffing agencies, job boards, and newspaper career pages.

The US firm announced yesterday that it plans to hire 300 new staff at its Europe, Middle East and Africa (EMEA) headquarters in Dublin over the next two years. The firm has already started recruiting for a variety of roles in areas such as sales and marketing, client services and business development.

For that number of staff, the company would need about 65,000 sq ft of space.

It opened its first Dublin office in March 2012 and currently has a team of over 230 employees.

Speaking to the Irish Independent at the announcement Indeed President Chris Hyams said the company is currently looking for a new office in Dublin to lease that will be able to accommodate its additional employees as well as its current workforce.

When asked when the company would like to have a new office secured he said: "Certainly before the end of this year. We are pretty much out of space here now."

The new office will have to accommodate the [additional] 300 employees, if not more, he added.

Mr Hyams declined to specify how large the new office could potentially be, saying: "The only thing I can say is that every goal we have set for ourselves for hiring we have far exceeded. We have a pretty unlimited capacity in terms of our need. Most of our jobseekers are from outside the US but it is still a smaller percentage of our revenue, so the international expansion from a sales perspective is one of the most important things for our business and Dublin is key to that so we will take as many people as we can find."

However, he added that finding suitable office space in the capital is a problem, saying: "One of the things that is very clear is that Dublin has been very successful in attracting lots of companies so finding office space has been one of the biggest challenges, it is becoming extremely difficult to come by so we would love to see continued investment from the government ensuring there is lots of space available for years to come."

Indeed says in Ireland it has over 800,000 unique visitors every month and traffic has increased 40pc over the last year.

The office space shortage in Dublin city centre was recently highlighted in a report by the Economic and Social Research Institute (ESRI). In a research note undertaken with commercial agents Jones Lang LaSalle, the ESRI said the lack of construction after the crash could still constrain new multinational investments and the expansion of existing projects.

A recent study by HWBC also found an acute lack of office space in Dublin that is expected to last until 2017. The study showed rents for office space in the prime Dublin office market rose by 24pc in the year to the end of June due to an severe shortage of grade A office space.

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