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Indeed's cost per click (CPC) is a crucial metric for job seekers and employers alike. According to Indeed's own data, the average CPC on their platform is around $1.50.
If you're looking to attract top talent, understanding how Indeed's CPC works is essential. This means considering factors like your job posting's relevance, the quality of your job description, and the competitiveness of your job title.
Indeed's CPC is calculated based on a bidding system, where employers compete for ad space. The highest bidder doesn't always win, however - Indeed's algorithm takes into account factors like relevance and quality to determine the best ad to display.
The average click-through rate (CTR) on Indeed is around 1.4%, which means that for every 100 job postings, about 1.4 people will click on the ad.
Additional reading: Linkedin Average Cost per Click
Tracking and Optimizing Performance
You can track the performance of your job postings on Indeed with various tools that monitor impressions, clicks, and applications.
Indeed's tracking and analytics tools help you measure the success of your recruitment efforts.
By analyzing metrics like clicks and applications, you can identify areas for improvement and adjust your bidding or job description to optimize performance.
This data-driven approach can significantly enhance the overall performance of your job postings on the platform.
Can I Track My Postings' Performance?
You can track the performance of your job postings on Indeed, which provides various tracking and analytics tools to help you monitor important metrics.
Indeed's tracking and analytics tools allow you to monitor the number of impressions, clicks, and applications your job listings receive.
Regularly analyzing these metrics can give you valuable insights into the effectiveness of your campaigns and help you make data-driven decisions.
If a particular job post is receiving a low number of clicks, you can adjust the bidding or optimize the job description to improve its performance.
Indeed's tools empower you to measure the success of your recruitment efforts and identify areas for improvement.
By tracking and analyzing your job postings' performance, you can ultimately enhance the overall performance of your job postings on the platform.
For another approach, see: Click Analytics
When to Close or Pause a Sponsored Post
You can close a sponsored job post on Indeed at any time, and it will be removed from the dashboard. You'll be charged the next month, unless the amount is under $500, in which case you'll be charged within 48 hours.
Pausing a job post is a good option if you're not ready to remove it completely. Pausing a job post prevents it from appearing in search results, and you won't receive any applications during the pause period.
You won't accrue any charges when a job post is paused, so it's a good way to take a break from the post without incurring additional costs.
To pause or close a sponsored job post, simply change the status of the job to either "paused" or "closed".
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Setting Up and Managing Budgets
To effectively manage your budget on Indeed, it's essential to understand the different pricing schemes. Indeed's old per-click pricing scheme allowed you to set up a daily budget as low as $5, which would get you 25 clicks every day.
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You can only set up a target number of applications you want to receive with Indeed's current per-application pricing mechanism for sponsored jobs. This helps you stay in control of how much you spend on a listing.
To control your cost per click on Indeed, consider setting a daily or monthly budget limit to ensure you stay within your allocated budget.
Setting Up a Budget
To effectively manage your budget on Indeed, it's essential to understand the different pricing mechanisms. Indeed's old per-click pricing scheme allowed employers to set up a daily budget as low as $5, which could get you 25 clicks every day.
You can only set up a target number of applications you want to receive to control the overall amount you spend on a single sponsored post with Indeed's current per-application pricing mechanism. This means you'll need to allot a larger budget for job posts than before because the per-application rate is much higher than the per-click rate.
Consider reading: Azure Application Gateway Cost
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To set a daily or monthly budget limit, consider setting a budget that's at least higher than the expected per-application rate. This will ensure you stay within your allocated budget and avoid overspending.
Indeed's analytics tools can help you track the performance of your campaigns and identify areas for optimization, which can inform your budgeting decisions.
Can You Still Choose CPC?
Indeed automatically applies a suitable Cost Per Click (CPC) rate if it doesn't have enough system data on an advertised role.
In most cases, Indeed will give you a Cost Per Application (CPA) rate aligned with your particular job post, making it the default option.
The CPC model is applied when Indeed has no data for a particular role, and the rates will vary for different roles.
You'll be able to set a daily spending budget based on the predictions offered during the process.
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Features and Options
A sponsored Indeed job ad can do more than just improve visibility - it also offers two major benefits: automatic rejection of unfit candidates and instant candidate matching.
Automatic rejection of unfit candidates is a game-changer, allowing you to add Deal Breaker qualifications to your sponsored job listing, such as minimum education level or years of experience required. This way, you'll never be charged for unqualified applicants.
Indeed's software will automatically create matches of suitable candidates for your sponsored listing, which you can then invite for the job. You'll only be charged if the candidate accepts your invitation and applies.
You can design your own hiring campaign by selecting jobs, adding a budget, and setting up a posting schedule. Indeed's software will suggest rates based on the industry, job title, and geographical location.
Here are the key features of Indeed's Campaigns:
- Selecting jobs you want to add to the plan
- Adding a budget
- Setting up a posting schedule
You can add or remove jobs from the plan anytime, and the Campaigns dashboard also allows you to track spending and edit your overall budget.
Pricing for Support Features
Indeed offers customized plans called Campaigns to sponsor multiple jobs on a single budget.
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You can design your own hiring campaign by selecting jobs you want to add to the plan, adding a budget, and setting up a posting schedule.
Indeed's software will suggest rates based on the industry, job title, and geographical location you're operating in.
You can add or remove jobs from the plan anytime, making it easy to adjust as your hiring needs change.
The Campaigns dashboard allows you to track spending and edit your overall budget anytime, giving you complete control over your hiring budget.
Here's a breakdown of the key components of Indeed's Campaigns:
Sponsored Ad Features
A sponsored Indeed job ad can automatically reject unfit candidates by adding Deal Breaker qualifications, such as minimum education level or years of experience required. This way, you're not charged for unqualified applicants.
Indeed's sponsored job posts are paid on a per-click basis, costing as little as $5 per day. You can change your daily budget at any time.
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With sponsored job posts, you can expect four and a half times more likely to result in a hire compared to non-sponsored posts. Sponsored job posts also provide an application estimator tool to predict the number of applications you can expect based on your budget and duration.
Indeed Resume is a powerful online recruiting tool that helps you find possible candidates by scouring over 200 million resumes. With over 25 search filters, you can focus on the most relevant candidates and reach out to them directly via email.
Here are the benefits of Indeed Resume's Standard and Professional plans:
Frequently Asked Questions
How much do Indeed ads cost?
Indeed ads start at $5 per day or $150 per month, with prices potentially higher based on job role, title, and location. Find out more about sponsored job postings and budget options.
Sources
- https://creativemktinggroup.com/how-much-should-i-pay-per-click-on-indeed/
- https://www.forbes.com/advisor/business/indeed-job-posting-cost/
- https://www.collegerecruiter.com/blog/2023/12/07/indeed-kills-its-cost-per-application-product
- https://workello.com/indeed-job-posting-cost/
- https://learn.g2.com/how-much-does-it-cost-to-post-a-job-on-indeed
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