Impression Pacing for Jobs Marketplace at LinkedIn

The goal of Jobs Marketplace at LinkedIn is to match members to promoted job postings such that both job posters' ROI is optimized (amount of money spent per job clicks and applications) and the members are presented with relevant jobs that they are interested in and qualified for. This is achieved via a first-price auction mechanism where each job provides a bid for the member that comes to the job recommendations page. This bid depends on the match of the member to the job, as well as the daily budget that remains for the job, and its capability to spend it via clicks (e.g. some jobs might have more demand and have it easier to spend their budgets via clicks than others). In such a scheme, budget pacing, i.e. the capability of a job to spend its daily budget evenly, or according to a preset plan, is extremely important towards efficient utilization of its budget via reaching a higher number of candidates, and obey a variety of spending plans optimizing for different events such as clicks and applications.