Do you use Indeed to advertise open jobs at your small business?
ApplicantStack Indeed Sponsored Jobs Integration
We’re excited to announce that ApplicantStack’s new Indeed Sponsored Jobs integration will help you reach qualified talent faster. From within ApplicantStack, you can post a job to your Indeed Sponsored Job account with a couple clicks!
Indeed Sponsored Jobs allow you to target candidates you might not reach through organic search. Sponsored jobs on Indeed are 4.5X more likely to result in a hire. Sponsoring a job on Indeed will help you reach a diverse and high-intent audience to expand your pool of quality applicants.
Review applicants, store communication templates, create hiring workflows and build talent pipelines faster than ever with ApplicantStack. Its intuitive interface allows you to post jobs to Indeed without leaving the software, match applicants’ profiles with your job descriptions and communicate directly with candidates via email or text.
Control Your Posting Budget
You determine the amount you can spend on pay-per-click, and Indeed charges you only when a candidate clicks through to view your job.
Hiring Analytics Are a Must-Have
You will also have detailed campaign performance data that will help you track and optimize your Sponsored Job campaigns in your Indeed account.
In addition, ApplicantStack analytics track metrics such as time-to-hire and hires by source. This allows you to measure the performance of job boards, social media sites, and employee referral programs to identify the most effective hiring channels. Plus, by tracking applicant time per hiring stage, you can spot bottlenecks in your process so you can streamline your workflow and shorten time-to-fill.
With an ATS, You Can Hire Faster
To build a team that can move your company forward, you need every advantage you can get. As the labor market has become increasingly competitive, many small businesses have taken steps to shorten the hiring process. With automated screening and filtering, ApplicantStack helps you quickly isolate a pool of qualified candidates to engage with. Then, use ApplicantStack to move the top candidates through the hiring stages as quickly as possible. Auto-emails and texting make it easy to send frequent updates and answer candidate’s questions. This is important because lack of communication increases the risk of the candidate ghosting you.
Small Business Outlook for Summer 2022: 8 Key Findings
Let’s look at the most recent data on factors affecting small business hiring for Q3 and beyond.
- Unemployment is holding steady at 3.6 percent–about the same as before the pandemic and the labor force participation rate increased slightly last quarter to 62.3% as more people entered the job market. (BLS)
- 89.5% of business owners still believe hiring new employees is somewhat or very difficult. (SCORE)
- Total employment among the smallest employers (1-19 employees) dropped approximately 0.7% in the last quarter. (NAPEO)
- 33% of small businesses surveyed reported that financial growth has stalled due to open roles, 27% said they have lost customers, and 24% have experienced delayed product launches due to hiring woes. (Indeed)
- 32% of small business owners say that inflation is their single most important problem (NFIB)
- On average, it takes small businesses about 4.5 weeks to find the right person for an open role and more than 1 in 5 (22%) say it takes up to two months (Indeed)
- Nearly 1 in 5 small businesses (18%) cite lack of the right hiring technology as holding them back in finding the right people. (Indeed)
- 37% of small businesses have increased flexible work options to retain workers. (U.S. Chamber of Commerce)
How can my small businesses find more candidates without raising wages?
If you’re a small business struggling to attract qualified talent, here are some tactics to consider.
- Strengthen financial planning benefits.
- Rising inflation (79%) is employees’ top financial concern, followed by adequate retirement planning (59%), with employees currently contributing significantly more to retirement. (BrightPlan)
- Provide cross-functional training and experience.
- Job seekers are prioritizing companies that can help them progress in their career.
- Offer tuition reimbursement to employees who want to advance their education (require a year of employment as a qualification and don’t reimburse until they graduate from the program).
- Offer internships.
- You’ll be able to introduce early-career employees to your company, vet them, and offer permanent positions to the top performers.
- Consider neurodiverse candidates.
- 1 in 45 U.S. adults are on the autism spectrum and the unemployment rate for this group is 30% to 40% higher than workers with another type of disability.
- Companies with significant numbers of neurodivergent employees report retention rates over 90%. (Autism Spectrum News)
- Participate in economic development programs if they are available in your community.
- Some offer free employee training and grants or low-interest loans
- Offer part-time positions to expand your talent pool.
- Job board searches for part-time positions have increased.
- Be open to older workers who are coming out of retirement to work part-time.
Additional Small Business Hiring Resources
- Recruitment Marketing: How Human Resources Can Lean Into Marketing
- Tips for Increasing Recruiting Success in 2022 For Your Small Biz
- Indeed Launches $50 Million Small Business Hiring Fund
- ApplicantStack Featured in Case Study of Home Health Agency & Hospice - November 17, 2022
- Ask Me Anything Recap: How To Configure Job, Candidate and Application Fields - November 17, 2022
- 3 Ways Hiring Software Saves Money for Your Small Business - September 29, 2022