bullhorn live benchmarking session

22
2012 BENCHMARK DATA: HOW DOES YOUR FIRM STACK UP? Joe Zeff

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Bullhorn collects huge amounts of data as our tens of thousands of salesand recruiting professionals use our software day in and day out — and nowit’s time to share the results! After considering the questions you ask of yourown company’s performance, we’ve dug up the data to show you how youcompare to other staffing and recruiting firms. See how the metrics you runfor your company stack up to others in the industry.

TRANSCRIPT

Page 1: Bullhorn Live Benchmarking Session

2012 BENCHMARK DATA: HOW DOES

YOUR FIRM STACK UP?Joe Zeff

Page 2: Bullhorn Live Benchmarking Session

BASEBALL AND STAFFING

Page 3: Bullhorn Live Benchmarking Session

YOUR BULLHORN DATA

Page 4: Bullhorn Live Benchmarking Session

MONEYBALL AWARD – BEST DATA QUALITY

Page 5: Bullhorn Live Benchmarking Session

HOW GOOD IS YOUR DATA?

Positions Starts

22,432

36,973

• Bullhorn implementation

• Internal processes

Page 6: Bullhorn Live Benchmarking Session

Free Agents

vs.

Homegrown Talent

BEST FARM SYSTEM – CANDIDATE SOURCING

Page 7: Bullhorn Live Benchmarking Session

CANDIDATE SOURCING

Most Effective (according to you):

1. Attend networking events

2. Join professional groups

3. Participate in online social networking

6. (last on the list) Job Boards & others

11%

41%

Page 8: Bullhorn Live Benchmarking Session

BATTING AVERAGE AWARD – HIGHEST FILL RATE

• Clean data

• Internal & External

• Caveats

Page 9: Bullhorn Live Benchmarking Session

PERFORMANCE AND CONSISTENCY

15% 20% 25% 30% 35% 40% 45% 50%0%

10%

20%

30%

40%

50%

60%

PerformanceFill Rate (Starts/Positions)

Va

ria

tio

nD

iffe

ren

ce

Be

-tw

ee

n B

ran

ch

es

Small, 17%

Medium, 18%

Large, 22%

Page 10: Bullhorn Live Benchmarking Session

• Hit Rate: Starts / Client Submissions

• Most important metric

• Client/ candidate fit

CY YOUNG AWARD – PITCHING THE BEST CANDIDATES

Page 11: Bullhorn Live Benchmarking Session

PERFORMANCE AND CONSISTENCY

4% 6% 8% 10% 12% 14% 16% 18%0%

5%

10%

15%

20%

25%

30%

PerformanceStarts/Client Submissions

Va

ria

tio

nD

iffe

ren

ce

Be

twe

en

B

ran

ch

es

,

Small, 6%

Medium, 7%Large 16%

Page 12: Bullhorn Live Benchmarking Session

MVP AWARD – VALUE ADDED TO CLIENT

Page 13: Bullhorn Live Benchmarking Session

DO YOU ADD VALUE TO ALL OF YOUR CLIENTS?

0-25% 26-50% 51-75% 76-99.9%0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Small Medium Large

Fill Rate (Range)

% o

f C

lie

nts

Page 14: Bullhorn Live Benchmarking Session

• Report

• Compare

• Track

BENCHMARKING

Page 15: Bullhorn Live Benchmarking Session

Q&A

Page 16: Bullhorn Live Benchmarking Session

2012 BENCHMARK DATA: HOW DOES

YOUR FIRM STACK UP?Appendix

Page 17: Bullhorn Live Benchmarking Session

ABOUT THE DATA

• Source: Bullhorn’s new Standard Reports

– Recruiting Activity

– Source Effectiveness

– Job Activity, by Client

• Methodology:

– Data set: 71 agencies in attendance at Bullhorn Live

– Grouped by number of recruiters (1-20, 21-50, 51+)

Page 18: Bullhorn Live Benchmarking Session

HOW TO READ THE FOLLOWING CHARTS

25th Percentile 50th Percentile 75th Percentile Overall (n=71)0%

5%

10%

15%

20%

25%

30%

35%

10%

20%

30%

20%

11%

21%

31%

21%

12%

22%

32%

22%

Small Medium Large

Company Size

Data is broken down into quartiles

Example: the bottom 25% (25th percentile) of small

companies had a success rate of 10% or lower

Example: the top 25% (75th percentile) of small

companies had a success rate of 20% or higher

SAMPLE DATA

Page 19: Bullhorn Live Benchmarking Session

AVERAGE FILL RATE

Fill Rate defined as:

# Starts# Positions

25th Percentile 50th Percentile 75th Percentile Overall (n=71)0%

5%

10%

15%

20%

25%

30%

35%

2%

7%

19%17%

5%

15%

20%18%

9%

16%

31%

22%

Small Medium Large

Page 20: Bullhorn Live Benchmarking Session

AVERAGE HIT RATE

25th Percentile 50th Percentile 75th Percentile Overall (n=71)0%

5%

10%

15%

20%

25%

2%

4%

10%

6%

2%

7%

10%

7%

3%

9%

21%

16%

Small Medium Large

Hit Rate defined as:

# Starts# Client Submissions

Page 21: Bullhorn Live Benchmarking Session

% OF CANDIDATES SOURCED FROM REFERRALS + SOCIAL NETWORKS

25th Percentile 50th Percentile 75th Percentile Average (n=63)0%

2%

4%

6%

8%

10%

12%

14%

16%

3%

6%

13% 14%

3%

7%

10%

7%

2%

5%

13%14%

Small Medium Large

Relevant sources include referrals and personal connections on online

social networksNote: the average for Small and Large companies

appears higher than the 75th %-ile because of a small number of firms with extremely high rates. The Median

(50%-ile) may be a more representative measure).

Page 22: Bullhorn Live Benchmarking Session

AVERAGE FILL RATE ACROSS CLIENTS

25th Percentile 50th Percentile 75th Percentile Overall (n=71)0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

8%

15%

24% 23%

11%14%

19% 18%17%

24%

39%

26%

Small Medium Large

Fill Rate across clients determined by:

1. Calculating Fill Rate (# Starts / # Positions) for each client

2. Calculating the average Fill Rate across all clients