While we’re all for strategically incorporating sponsored job listings into your overall sourcing strategy, it’s become all too common for employers to simply throw money at the problem and hope for the best.
While this strategy will likely give you an easy boost to your number of applicants, it’s also a great way to burn through your budget. That’s why, when we analyze a new client’s Indeed spend, we want to ensure they’re getting the most from every penny in their Indeed budget. We recognize that you don’t need to spend more to get more out of Indeed; you just need to know a few key points:
When job seekers search for a job on Indeed, they see a mix of both sponsored and non-sponsored job postings.
Non-sponsored listings: Free postings that are pulled or scraped from your application tracking system and tend to rank lower in search results as newer listings appear.
Sponsored listings: Paid postings that receive priority placement and can generate up to 5X more clicks than their non-sponsored counterparts.
In April 2024, Indeed introduced changes to their Healthy Marketplace that will impact job posting visibility. These changes aim to distribute visibility more evenly across all jobs, ensuring that even niche positions receive fair exposure. For sponsored jobs, this means a more consistent and predictable applicant flow. Whether you choose to sponsor a listing or not, it's crucial to understand the available options and how they will impact your Indeed strategy.
Optimizing your sponsored job posting is possible, but it takes finesse. There is a science to the pay per apply start (PPAS) model, and while Indeed offers some budget guidance, it’s easy to end up spending more than necessary, especially if this approach is new to you.
Keep in mind that some job listings will cost more to sponsor than others, and that cost will vary wildly based on:
Indeed’s transition from the cost per click model to the pay per apply start model has enabled employers to pay only for candidates that are interested in the position, meet the qualifications and intend to apply for the position. Knowing your spending limits and tracking ROI over time will be key to your success.
The best way to determine how to spend your budget is by knowing your position within the overall job market.
You need to know which of your open positions are the most difficult to fill. To determine which positions are higher on your priority list, take a careful look at:
Generally, if you are looking for highly specialized talent, need to hire many people to fill a role, or have struggled to find the right candidate in the past, you will likely have a tougher time filling those positions. That’s where sponsored listings can give you a much-needed boost to your pool of qualified applicants.
Remember, the key to success is strategy. We don’t want you to spend more. We want you to spend wisely.
Creating an effective recruitment marketing strategy that optimizes paid and free options on the Indeed platform may be complex, but the fundamentals are simple: Understand your options, budget, and market position.
If you're looking for expert advice on optimizing Indeed job postings or need help with your recruitment marketing strategy, contact our Wicresoft Recruitment Marketing experts.
For more information about recruitment, insights for a current challenge, or an external perspective on an internal issue visit our website. We specialize in advisory, solutions, and operations to improve all aspects of your talent management practice. We're here to help you achieve the results you need—after all, getting results is what we do best.