Saturday, 22 March 2014

Key Concepts

Finance figures of SEEK
- 40% growth in revenue on 2012 results to A$620.2 million
- EBITDA growth of 24% to A$239.6 million
- NPAT growth of 8% to A$141.1 million [excluding significant items]
- Declared fully franked total dividends of 22c per share, a 27% increase on 2012.




Factual figures of SEEK
- SEEK is accountable for over 70% of online job ads
- SEEK enrols approximately 50,000 students, whilst providing education to another 20,000 students per annum.
- 30 million monthly visits within Australia
- 330 million monthly visits internationally

Future Focus of SEEK
- The focus of the SEEK management team is to continue to evolve their products and services to streamline the search & matching of a career, education and volunteer opportunities, ensuring SEEK to be the most effective and efficient search engine. 
These future goals underpin continued strong growth in the companies financials.

Placement strategy of SEEK
- The company have intentions of being the number #1 online employment website globally. 
- SEEK's goal is to help facilitate an unrivalled share of placements for recruitment agencies, corporations and small/medium sized enterprises. 
- Providing jobseekers with an easy to use, efficient job search & application hub. 
- Within a 12 month period, SEEK helped to facilitate a total of 26% of job placements in Australia alone, allowing SEEK to surge forward to be the clear market leader. 
- When compared with all other online competitors, (jobsearch.gov.au, careerone.com.au, mycareer.com.au, linkedin.com) SEEK accounts for ~8 times the number of placements.
- Ultimate goal is that the answer to all employment & recruitment related questions will be "SEEK"
 - When asking all jobseekers where did they find their last job .. ?
the answer will be SEEK
 - When asking all recruitment agencies, and small/medium enterprises where did they source their last candidate ... ? 
the answer will be SEEK.

Ease of access to SEEK
- To ensure the SEEK web platform will be able to facilitate the influx of users, the support crew at SEEK have made improvements to their products and services.
- SEEK apps are now installed on over 2 million tablet and mobile devices
- SEEK tablet and mobile specific websites underwent an overhaul

Interesting readings from SEEK
- One of the many interesting concepts I found whilst reading through the financial reports of my company, is an initiative called the 'workplace giving program'. SEEK recognise the significance of positively contributing to the community in which it operates. Through collaboration with the Australian Charities Fund (ACF), seven charities were specially chosen by employees to make up the workplace giving program called 'Bright Futures" in where SEEK matches employee donations to any given charity to a capped amount.
- SEEK Green is a concept where the company is dedicated to minimising it's environmental impact, and creating sustainability. SEEK Green promotes good behaviours through initiatives, and implements improvements in the areas of waste reduction, recycling, cleaning, energy.

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