beyond the numbers - colorado staffing · 2016-10-04 · 14 how the staffing industry measures...
TRANSCRIPT
9/28/2016 © 2015 CareerBuilder
Presented by: Chris Gustafson, Senior Sales Manager
Beyond The Numbers: Strategic Insights From The 2016
Staffing Advantage Report
2
About the research
3,918 Job Candidates
• 39% currently on an assignment through a staffing firm
• 67% actively looking for a new job
• 52% in Clerical/IT/Finance
1,125 Employers
• Independent online panel and CareerBuilder database
• 62% > 250 employees
• 47% hire in Healthcare/Industrial/Professional ServicesImage: © Dreamstime.com Image: © Dreamstime.com
Staffing Firm
578 Staffing Employees
• 62% are temp or permanent placement recruiters
• 70% > 25 branch locations
• Industrial/Clerical/IT are most common types of staffed positions
Image: © Pixabay
The Present State of the Industry and Key Opportunities
STAFFING:
A WINNING INDUSTRY
4
Winter Isn’t Coming – At Least Not Yet…
-25
-20
-15
-10
-5
0
5
10
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Year-
to-Y
ear
Perc
ent
Change in A
SA W
eekly
Index
Year-to-Year Change in ASA's Weekly Employment Index(4 Week Trailing Average)
2008 2015 2016
5
The Story of our Industry Growth – A Matter of Perspective
1,800
2,000
2,200
2,400
2,600
2,800
3,000
Jan2010
Jan2011
Jan2012
Jan2013
Jan2014
Jan2015
Jan2016
BLS Temporary Help Employment Estimates
1,800
2,000
2,200
2,400
2,600
2,800
3,000
Jun2015
Jul2015
Aug2015
Sep2015
Oct2015
Nov2015
Dec2015
Jan2016
Feb2016
Mar2016
Apr2016
May2016
Jun2016
Essentially Flat for Past 12 Months
6
And if it feels
slow…. that’s
because it is.
7
What keeps staffing firm executives up at night?
75%
47%
45%
33%
32%
29%
24%
Access to high quality,placeable talent
Rising costs
Increasedcompetition/number of
competitors
Internal staffturnover/attrition
Government regulations
Health care issues (ACA)
A weakening US economy
8
Where is the Focus? 87%
78%
50%
46%
41%
39%
37%
33%
New account/client acquisition
Growing existing accounts
Improving our client’s experience with us
Improving our candidate’s experience with us
Streamlining/simplifying processes
Improving retention/rehire rate ofplaced talent
Investing in new technology
Expanding reach/growth intoother geographies
Keys to Attraction, Retention & Rehire
WINNING THE WAR FOR TALENT
10
Building trust is key to attracting talent to your firm
Used a staffing
firm21%
Didn't use a
staffing firm79%
Staffing Firm Usage by Job Candidates
TRUST
Recruiters (14%)
Advertising(12%)
Testimonials (27%)
Referrals (76%)
Past Experiences (59%)
Firm’s Website (41%)
Online Reviews (37%)
11
1. More flexibility
2. Increased variety
3. Better earning potential
Why talent work for staffing firms
Temporary by Need
24%
Temporary by Choice
76%
Primary Reason for Seeking Temporary Employment
12
It’s a talent-driven market…doesn’t mean the talent isn’t stressed
1. More than half of full-time employed expect to change companies within 12 months.
2. One in 4 are weighing multiple, interesting opportunities,
3. Yet, Nearly half are stressed about their job search.
13
Temporary assignments considered viable, but hard for firms to differentiate
47%Think firms are good bridge to permanent
employment
36%Think all firms are mostly the same
Would consider taking temporary
assignment
69%
14
How the staffing industry measures service quality A Net Promoter Score (NPS®) is an easily
understandable metric based on likelihood to recommend using a company, product or service to a
friend or colleague
Staffing firms see a direct correlation between: Net Promoter Score, retention, & referrals.
Is a Net Promoter Score?
WHAT
Use a Net Promoter Score?
WHY
HOW
Is Net Promoter Score calculated?
0 1 2 3 4 5 6 7 8 9 10
Detractors PromotersPassives
% Promoters % Detractors NPS
Promoters: Your firm’s strongest allies; most likely to promote your firm to others
Detractors: At risk of leaving your firm
Net Promoter Score®
® Net Promoter, NPS, and Net Promoter Score are trademarks of Satmetrix Systems, Inc., Bain & Company, and Fred Reichheld.
15
So what’s a good NPS?
>70% (Worldclass)
>50% (Exceptional)
30% (Average)
0% (Bad)
62%
10%
54%
14%
35%
-1%
84%
-13%
66%
19%
11%
78%
55%
29%
75%
16
Client satisfaction recovers (slightly) from 2015 low
56%
47%50%
39%35%
32%
27%
29%
15% 14%20%
21%
27%24%
30%
25%
41%
33% 30%
18%
8% 8%
-3%4%
-20%
0%
20%
40%
60%
2009 2010 2011 2012 2013 2014 2015 2016
Clients: Likelihood to Recommend Working with Primary Staffing Firm
Promoters Detractors Net Promoter Score®
4%
50%68%
Staffing Industry Best of Staffing Minimum Best of Staffing Winners
17
The candidate experience remains mediocre, with slight declines
-48% -48%
-33% -34%-26% -25% -27% -30%
19% 16%
28% 30% 33%
22% 24% 21%
-60%
-40%
-20%
0%
20%
40%
2009 2010 2011 2012 2013 2014 2015 2016
Candidates: Likelihood to Recommend Working with Primary Staffing Firm
Applicant NPS® Placed Candidate NPS®
21%50%
65%
Staffing Industry Best of Staffing Minimum Best of Staffing Winners
18
Loyalty (NPS) decays over the span of an assignment
30%
19%
14%
6%
1 month or less 2-6 months More than 6 months End of Assignment
Length of Time on Assignment
19
Mistakes aren’t the issue – it’s the recovery (or lack thereof)!
Resolved 38%
Unresolved 62%
‘Very Satisfied’ with Speed of Recovery: 32%
‘Very Satisfied’ with Outcome of Recovery: 24%
38%
38%
34%
22%
4%
Told everyone I knowabout the issue
Left the assignment
Quit working with thestaffing firm
Discouraged othersfrom using the firm
Left a negative review(Glassdoor, etc.)
Keys to World-Class Selling and Service Delivery
WINNING BUSINESS
21
Referrals are King for Client Acquisition – but is Your Online Reputation Where it Should Be?
51%
31%
30%
29%
28%
27%
24%
23%
16%
13%
9%
8%
7%
5%
0% 50%
Professionalnetworkreferral
Firm’sreputa onwithintheindustry
Staffingfirm’swebsite
Searchedforthestaffingfirmonline
Hiredfirmatapreviousjob
Onlinereviews
Personalnetworkreferral
Proac verecommenda on
Workedwithfirmonpersonaljobsearch
Firm'ssalesrep
Socialmedia
Onlineads
Industrytradeshowsandevents
Tradi onalmediaads
ResourcesUsedtoFindandSelectPrimaryStaffingFirm
62%Still Vet Your Firm Online:
40% Staffing firm’s website
37% Online reviews
35% Online search
11% Social Media
22
81% work with
more than 1 staffing firm
Share of Wallet – The Untapped Growth Engine for Your Firm
59% Better access to qualified talent
59% If one firm can’t fill order, another probably can
45% Broader industry experience
Top Reasons for Working with More than One Firm
23
Maximizing the Satisfaction of Staffing Industry Clients
Ask questions to clarify the needs of the position
Follow up on your requests or issues within 24 hours
Set realistic expectations about any potential open positions
Pre-Submission
+84%
+57%
+56%
Candidates submitted were a good culture fit
Candidates submitted matched the position’s specifications
Candidate’s unique qualifications were shared
Submission
+65%
+61%
+59%
Checked in at least monthly throughout the assignment
Resolved any issues of the placed talent within 24 hours
Debriefed on placed talent’s performance at end of assignment
Post-Placement
+62%
+60%
+55%
Impacting Satisfaction Throughout the Process
Gap between NPS when action occurs versus NPS when action does not occur
24
Really Good Recruiters are Proactive, Skilled & Responsive
• Be extremely responsive
• Provide multiple candidates to choose from
• Be proactive
• Find talent they can’t find
• Be trustworthy
• Be slow to respond
• Be aggressive with your suggestions
• Misrepresent your talent
• Underemphasize industry-specific trends
• Underemphasize culture fit
Where the Industry is Investing and Why
WINNING THE TECH ARMS RACE
26
18% 48% 33%
Where is your firm in the staffing industry technology race?
Ahead of Competition
On Par with Competition
Behind Competition
84% Believe it hurts their business
96%Believe it helps their business
27
Technology investment is expected to continue increase in 2017
67%
61%
50%
27%
21%
Missed revenue opportunities
Losing out on high qualitytalent
Less efficient than other firms
Losing accounts
Competitive disadvantage
Negative Impact of Lagging the Industry in Technology
100%0%73% Increased Investment Vs. 5 Years Ago
99% Expect Same or Increased Investment in 2017
47%
42%
32%
31%
31%
17%
17%
28%
17%
11%
Improved recruiter efficiency
Candidate searchimprovements
Mobile optimization
Talent Communities/Networks
Job boards
Currently Investing Investing in Next 12 Months
Most Popular Areas of Technology Investment
28
1 in 5 Clients Believe our Industry is ‘Behind the Times’ on Technology
90%Think it’s important for
their staffing firm to have the most up-to-
date technology
74%Think up-to-date
technology differentiates a
staffing firm
29
Up-to-date technology is viewed as critical by job candidates
Only 9%Think the staffing
industry technology use is ahead of the times
• Outdated website
• Lacking mobile integration
• Lack of communication through technology
Behind the Times Tech
92%Think it’s important for
their staffing firm to have the most up-to-
date technology
30
Technology empowers candidates in the process, but only if the human element isn’t lost
Average job candidate uses 16different resources, during the job search
• Overall process has improved
• Applications are easier to complete
• Mobile applications have improved
• Automated job alerts improved
• Responsiveness has declined
• Negative decline in human interaction
• Applications have gotten longer
31
Talent are always ‘on’ and your engagement with them needs to reflect that
Just Applied for a Killer Job!
85%
67%
65%
42%
28%
5%
Search for a job
Applied to a job
Responded to emails about a job I wasinterested in
Corresponded via text message withsomeone about a potential job
Submitted a timecard
Other (please specify):
Activities Talent EXPECT to be Able to do Via Mobile
32
Smartphone Addiction Adoption Near 100% - Now its About Function
62%
60%
57%
46%
45%
39%
34%
0% 40% 80%
ViewopenjobssimilartotheonesIhaveopen
Requestrecruiter/accountmanagercontact
Checkonthestatusofopenorders
Locatethebranchnearesttome
Getanideaoftheratestheycharge
Learnmoreaboutthefirm’sindustryexper se
Learnmoreabouthiringtrends/bestprac ces
Ac vi esClientsEXPECTtobeabletodoViaMobileonStaffingFirmWebsites
33
Its not our strategy, its our execution.
What the Brand
Promises
What the Field Delivers
1.Information
2.Visibility
3.Accountability
But this is Your Brand
BlendIT STAFFING
This is Your Logo
© 2015 CareerBuilder
Thank you!