Download - Summit14 -T3.2: Jobvite Index -Gaspar
What Makes a Great Recruiting Organization
Brian GasparJobvite, Sr Director of Product Marketing
Jobvite Index
When Looking @ Numbers Know That…
• Not All #’s Apply to You
• Not All #’s Mean Something
• Not All #’s are Real
• Comparisons & Correlations Matter
2.1 MillionEmployees
$235 BillionCurrent Quarter Revenue
1.6 MillionCEO & Company Ratings
19% Profit Margin
3
745 ThousandPositions
$2.4 Trillion Market Capitalization
133Countries
24 MonthsOf HCM & Market Data Collected
Job Index Comprises Of…
1 for 2661 for 123Employee Ratio
Recruiters Human Resources
Why Recruiters Are More Important than HR
Expanding In 55 Countries64 CountriesWork Environment AfghanistanGuatemalaMedian Total Cost $36 an Hour$44 an HourMedian Time to Fill 51 Days37 Days
What Makes a Great Recruiting Organization?
1. Achieve Growth Goals
2. Acquire Talent
3. As Soon as Possible
4. Acquire at a Reasonable Cost
Achieve Growth Goals
14%18%Profit MarginExceeded Missed
Earnings Per Share $0.54$1.44Open Positions 515891Workforce Cost 23% of Revenue25% of RevenueDaily Filled Positions 1618
Financial GrowthMarket ExpectationsCompany Rating
CEO Rating
Product & Innovation Growth
Product & Innovation Growth
Recommendation
• 20% Difference From Low to High
Market Capitalization GrowthMissed Meet
Stock Price Growth
Acquire Talent
Where are the Engineers?
55% 2%
3%
2%
1% 1%
4%
23%
9%
Where are the Engineers Really At?
59%
9%
7%
3% 1.5%
1%
1%
1%
1.5%
1%
1%
Hiring Globally is Different
Social Recruiting
• 56% More Job Seekers from Social Media• 54% Higher Rate of Jobvites being Viewed
Offer
Qualify
Talent PoolsApply/Refer
Inquiry/Prospect
Attract
• 2.5X More Applicants per Month• 90% More Candidate Communications• 22% Faster Time-to-Fill• 17% Higher Acceptance Rate• 54% More Hires from Referrals• 20% More Hires Per Month• 30% More Hires from Jobvites
Start
Mergers & AcquisitionsM&A Key Stats• Cost $117.8B or 3X Total
Qtrly Employee Costs
• Avg 1 Per Company
• 39 by 1 Company
• $27B Spent by 1 Company
Hire As Soon As Possible
Positions Closed within 30 Days
Days to Hire An Engineer in the US?
72 89
56
83
44 78
68
74
86
Days to Hire an Engineer Globally?
Employees Recommending Their Company
Days to Fill
• 61 Days – Low
• 39 Days – High
100%
Applications
7.3%Requisitions
3.6%
Interviews1.2%
Hires
Pipeline Speed
Days to Fill
• 26 Days Jobvite
• 38 Days High Tech
• 45 Days Industry
Acquire at a Reasonable Price
Workforce Costs & Profitability
Hourly Wages
In Top 10 SW CountriesHourly Rate of an Engineer
$22
$38
$15
$46
$26
$44
$25
$19
Stock Based Compensation
Recommendation
• 10% Difference From Low to High
What Makes a Great Recruiting Organization?Refined…
• Exceed Financial/Product Targets & Ignore Stock
• The World is the Talent Pool
• Fill Positions in Less Than 26 Days
• >70% of Employees Would Recommend the Company
• On Avg, Spends <$24 an Hour For Engineers
THANK YOU!