from pandemic to “sansdemic”
TRANSCRIPT
MRA – THE MANAGEMENT ASSOCIATION
From Pandemic to “Sansdemic”Jim Morgan | Vice President | @JimMorgan1960 | @MRA_HR_Pros
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Let’s Set the Stage
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Why is this time different?
Past talent issues have been ECONOMIC more than DEMOGRAPHIC
This one is more DEMOGRAPHIC than ECONOMIC
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HEY!!!
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Where Did Everyone Go?!
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RemoteIs
Everywhere
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What Will Be Your Future Work Scenario?
1. 100% remote2. 100% in‐person3. 1 remote day/week4. 2 remote days/week5. 3+ remote days/week6. Job/department dependent
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What’s Going On Out There?
• National Guard driving school buses• $8,000 signing bonus• Pick your days, pick your times, pick your hours• $2,400 student loan payment means more than $60,000 salary• $100 bonus for every employee if a new employee stays 6 months• All weekend, all part‐time positions• McDonald’s: $22/hour• 3.2 million Boomers called it quits in 2020 (Pew Research)• Independent workers surged from 38 to 51 million this year (MPO Partners)
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Creative (Inexpensive) Offerings
• Commuting assistance• Day care coordination• Pet insurance• House cleaning• Audible subscription• Food Friday• Recognition
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• Life coaching• Travel discounts• Gym memberships• Netflix subscription• Mentor• Buddy• Swag
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Your HR Department Today
• Open Enrollment• Succession Planning• Compliance• OSHA• Leadership• Training• Mental Health• Employee Engagement• Hiring Managers• Acquisitions/Mergers
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• Covid• Vaccines• Masks• Finding Talent• Keeping Talent• Compensation• Reorganization• Absenteeism• Diversity• Generational Issues• Retirements
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Learning Objectives
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Understand the causes of today’s talent (re: body) shortage—The Great Sansdemic!
Develop new strategies for finding and keeping employees—the old ones don’t work!
Uncover methods for long‐term talent supply chain security—you’ll have to think differently!
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Wage Growth – Stay vs. Go
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Go
Stay
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Employment Cost Index
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Private ‐ Industry
Private ‐ Service
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Buckle Up, Here’s the Problem
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U.S.: % of population ages 15 – 64
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DemographicsIt’s a numbers game—the talent swept the employer in four!!!
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We Are Almost Back at Full Employment
• <3%• A bit of a false “good” measure• Changes the game– Different audience– Different approach– More employer involvement
Now, the Bad News ... Fast!16 All Rights Reserved. © MRA 2021All Rights Reserved. © MRA 2021
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2001‐2021 – Decline of Young People (<25)
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State Ethnicity
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Net Population Migration
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Percent of Residents Over 65 (2020)
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All Rights Reserved. © MRA 20212349 of the last 50 years BELOW replacement level
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Generations in the Labor Force
BoomerRetirements:
2017 2.2M2018 2.2M2019 1.5M2020 3.2M
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1) What Is Your Candidate Experience?2) What Is Your Onboarding/Employee Experience?3) Are You an Employer of Choice?4) Did You Adapt?
4 Simple Questions . . . for Leadership
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What Is Your Candidate Experience?
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What Changes Have You Made to Increase Your Candidate Pool? (Check all that apply.) More flexibility Eliminated drug testing Eliminated reference and background checks Eliminated “bachelor’s degree required” for some jobs Shortened hiring time frame Keep candidates aware of status Improved web experience Simplified application process
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What Is the Candidate Experience?
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Web experience is easy
Application process is simple/mobile friendly
No duplication
Information is succinct, interesting
Kept informed—Amazon world
Interview process is quickly completed
Process utilizes technology
Interviewers are prepared
Play the role of candidate—candidates talk!!
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What Is Your Onboarding/Employee Experience?
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Start Early
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Too many employers don’t have any structured process in place to assimilate new employees.
Orientation is NOT onboarding.
Space is clean, technology is prepared, welcome swag is on their desk—“We care about you.”
New hires are looking at other jobs.
Ghosting is everywhere.
What are they saying at the dinner table? All Rights Reserved. © MRA 2021
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What Is Your Employee Experience?
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• Treat your people better than your best customer.• Check in after 3 months, 6 months, 1 year, 3 years.• It’s not a benefit if I don’t think it’s a benefit!– 25‐year‐old: student loan repayment– 35‐year‐old: health care for my kids– 45‐year‐old: 401(k) match– 55‐year‐old: vacation– 65‐year‐old: Medigap
• Flexibility in shifts, hours, remote work• Treat them well when they leave, they’ll be back!
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Are You an Employer Of Choice?
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Employer of Choice: Culture
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Flexible deployment
Transparency/information
Personal/professional growth ... continuously
Work‐life balance
Social responsibility (personal and corporation)
Compensation
Benefits that are benefits
Know the type of peopleyou are looking for
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Did You Adapt?
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Recruiting
You all knew where to find the 2006 candidates.Where are you looking in 2022?
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These Are Just the Ante
Now, let’s look at the bets!!!All Rights Reserved. © MRA 202136
Talking to employees for recommendations
Advertising positions
Using social media
Utilizing recruiters
Increasing wages
Flexibility
Offering bonuses ... of all kinds
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New Ideas for Finding People• Freelancers – Fill in the spaces• Prison release – In‐prison training programs• Niche targets – Whose lifestyle fits your work?• Diverse candidates – Look in different places• People with disabilities• Retirees – Don’t let them go completely• Technology – Chatbots, automated recruiting, etc.• Immigration – Puerto Rico!• Data aggregators • Uber hiring
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Final Thoughts
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Short Term: Now
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View HR as sales, for people
“Stay” reviews
Meet generational needs
Employees as recruiters
Onboarding is critical
Web presence for candidates
Alternative populations
People first—mental health, flexibility
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Long Term
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Get in the middle schools/high schools
Get close with your “suppliers”
Serve on advisory boards
Offer internships and experiences
Get to the parents, your employees
Establish the “preferred” employer brand
Offer benefits that matter
Sell quality of life
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In Summary
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This is a big deal ... and it’s not going away.
Those who adapt and change will win.
Doing nothing is not an option.
Pay more for less.
All talent is NOT equal—don’t treat them that way.
Never let a good person go—redeploy.
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Need Assistance?Recruiting
Compensation
Retaining current employees
Learning & development
Marketing our job openings
Talent supply chain (internships, co‐ops, education partnerships)
HR project supportAll Rights Reserved. © MRA 202142
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Thank You!Jim Morgan | Vice President
@JimMorgan1960 | @MRA_HR_Pros