Financial

Building for the future

Whether it’s helping you prepare for retirement, protecting your loved ones or compensating those who stay with us long term, we help Indeedians build their financial future!

Payroll

Money in the bank (via direct deposit)

At Indeed, you’ll be paid bi-monthly on the 15th and final day of every month. Enrolling in direct deposit is encouraged for a quick and paperless payday. You can enroll in direct deposit on your first day, but be aware that sometimes you may receive one or two paper checks before the program kicks in.

Restricted Stock Units (RSUs)

Indeed’s equity-based incentive program.

Restricted Stock Units or “RSUs” are equity-based incentives issued by an employer in the form of company shares. At Indeed, RSUs allow recipients to receive shares, subject to vesting and other conditions, in our parent company, Recruit Holdings. Recruit is traded on the Tokyo Stock Exchange in Japan under symbol 6098.T.

Introduced in 2021, RSUs support long-term value creation and alignment with company performance.

RSUs may be granted to eligible employees as part of Indeed’s total rewards approach. For roles eligible for RSUs, employees will receive a new hire grant value and grant date in their offer letter.

The RSU long-term incentive program is designed to:

To encourage employees to think like owners
To align incentives with company performance
To reward employees for the company’s financial success

Learn more about RSUs here.

401(k)

Prepare yourself for retirement.

The sooner you begin saving, the more money you will have available to retire. Starting down the path to saving for your retirement is easier than you think:

• Enroll in the 401(k) plan with Fidelity
• Indeed matches 100% of the first 5% you contribute
• Immediate vesting
• Contribute up to the IRS maximum contribution limits each year
• 401(k) deductions come out of regular earnings, including base salary, quarterly bonus, and commissions

In addition, you can speak with a representative about rolling over an existing 401(k) to your new Indeed account.

Life Insurance

Peace of mind for the people in your life.

All Indeed employees are eligible for basic Life and Accidental Death and Dismemberment (AD&D) benefits:

Life: 100% company-paid / 2x annual salary benefit amount
AD&D: 2x annual salary benefit if death is the result of an accident (this is in addition to basic life insurance)

Employees can also opt-in for optional life and voluntary AD&D benefits, which are paid for by the employee:

Can be elected in increments of $50,000 up to a maximum of $1M
If electing more than $350,000 or 3 times your annual base salary (whichever is less), you may be asked to provide Evidence of Insurability
Dependent life insurance can be elected in increments of $25,000 up to $500,000 for a spouse and $10,000 for each child

You can elect this benefit at any time. However, if you waive coverage within your first 30 days, then any amount elected (even if less than $350,000) will require medical review through Evidence of Insurability.

Short and Long Term Disability

Financial support when the need arises.

Indeedians in need of short term disability can qualify for coverage:

100% of your current base earnings for 3 weeks, then 60% of your current base earnings with a total benefit period of 12 weeks. You must be disabled for 7 days before short term disability benefits are payable.

If you are still disabled after receiving 12 weeks of short-term disability benefits, you are eligible for long-term disability.

60-66.67% of your current base earnings up to $12,500 per month with a benefit period up to age 65. You must be disabled for the entire short-term disability period before long-term disability benefits are payable.

Employees are eligible on their first day of hire.