Glassdoor has been there for about half a decade now and has steadily grown its consumer base over the years. Currently valued at $1 billion, the company garnered $70 million in the latest round of funding. We present you an overview of how Glassdoor works and the funding history through an infographic.
What is Glassdoor
Glassdoor is essentially an employer review website which focuses on company, culture, CEO and salary review for over 340,000 companies in 190 countries. It provides anonymous reports on company-specific salary reports, company reviews and ratings, CEO approval ratings, benefits reviews, interview reviews and questions, office photos and more.
It has more than 27 million members with one of the most popular mobile job apps on iOS and Android platforms. The company was awarded 2013 Webby Award for Best Employment Site.
How does it work
It has a simple interface and a Facebook login. The Facebook login is in place probably because the reviews are anonymous, but the person behind it must be real and Glassdoor must know that.
People are allowed to sign in with Facebook or Google+ as of now and further edit their profile once they log in. Once inside, users can contribute to the community by writing reviews or sharing salary details and in turn they earn the ‘Unlimited’ membership plan.
The website states that “all new members automatically get a Basic Membership with 1-month of access to everything posted by our community.” However, no payment is needed for unlimited membership (as the site is financed by large ads on every page), as it “only takes a minute” to upgrade. “Simply give back to the community by posting an anonymous inside look of your own — remember, your posts are anonymous.”
The platform also serves as one of the sought out destination for job seekers and givers. The company reviews, salary estimates and job openings serve as a complete package for the job seekers.
Glassdoor’s funding journey [Infographic]
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