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Indeed Launches $50M Small Business Hiring FundIndeed, the leading hiring platform, is proud to announce the Indeed Small Business Hiring Fund, delivering $50 million to aid hiring efforts and hasten the speed of small business recovery. The right hire can have a significant impact on businesses, even more so for a small business. Through the fund, Indeed aims to support small businesses' growth by streamlining the hiring process. The Indeed Small Business Hiring Fund is designed to address the pain points of small business hiring needs. This much-needed relief comes at a pivotal time as hiring demands hinder their business revival and growth. Coupling the launch of the fund, Indeed today also released its 2022 State of Small Business Hiring Report, outlining these sentiments and emphasizing the importance of delivering increased support now. According to the U.S. Small Business Administration (SBA)1, there are 32.5 million small businesses in the U.S., which accounts for 99.9% of U.S. businesses. The Indeed 2022 State of Small Business Hiring Report2 showed that over one-third (38%) of small businesses surveyed believe they could have 11-20% business growth within the next year if they could hire faster. Results from the businesses surveyed also indicated:
To connect with job seekers and provide a mutually beneficial experience for both employers and candidates, Indeed's full service platform allows employers to find, schedule, manage, and conduct interviews all in one dashboard, whether on desktop or mobile. Proving that quality and simplicity can coexist, employers who use and conduct interviews on Indeed's platform are on average 22% more likely to make a hire3 - and 67% say Indeed's solution got them to the interview stage faster4. In addition, 16 people are hired every minute on Indeed.5 "At Indeed, we are focused on helping people get jobs. Every day we come to work to make it easier for employers who are hiring," said Raj Mukherjee, executive vice president and general manager, Indeed. "Small businesses, which are the lifeblood of the U.S. economy, are finding it challenging to hire for their open roles. For many businesses, a lack of qualified workers is the biggest business challenge they face. The Indeed Small Business Hiring Fund is a step to help these businesses hire qualified workers faster, and focus their energy on business growth." To find out more visit: https://go.indeed.com/hiringfund.6 About Indeed More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world (Comscore, Total Visits, September 2021) and allows job seekers to search millions of jobs in more than 60 countries and 28 languages. Over 3M employers use Indeed to find and hire new employees, making Indeed the largest job site in the U.S., Canada, and the world. More than 250 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed delivers 2.5X more hires than other branded job sites combined (Among BreezyHR clients, Sources of Hire Report 2021, U.S.). For more information, visit indeed.com.
1 U.S. Small Business Administration Office of Advocacy, 2021 Small Business Profile, 2021
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