talent acquisition best practices & trends 2014
DESCRIPTION
HRPA 2014 conference presentation on Talent Acquisition Trends & Best Practices for 2014, presented by Simon Parkin of The Talent Company.TRANSCRIPT
Talent Acquisition Trends & Best Practices 2014
Presenter
Simon ParkinPractice Leader, Recruitment & Talent Management Advisory
@aTalentCompany
@SimonParkin1 www.thetalent.co
So what makes us so knowledgeable?
The Origins of Recruitment
http://www.youtube.com/watch?v=b56eAUCTLok
VIDEO #1
Recruitment Today: The State of the Union
Recruitment Today
Many organizations are back
to a focus on growth – but smart growth!
Recruitment Today
Many organizations are back
to a focus on growth – but smart growth!
But impacts organizations both ways!
……..Top Talent Retention
Recruitment Today
Recruitment within most organizations is:
• Under funded based on expectations• Limited by Recruitment Capacity• Limited by Recruiter Capabilities• Under represented with Recruitment
Branding• Inadequately championed at the Executive
level• Treated as an Admin Process
Recruitment Today
The Key Challenges Continue to Remain the Same:
• Finding Good Candidates• Filling Positions Quickly• Engaging Hiring Managers• Candidate Care
Talent Acquisition Trends
“Unplugging your ATS”
Get back to “Old School” Recruitment
“Unplugging your ATS”
Replace with a CRM Tool
(Candidate Relationship Management)
Candidate Sourcing
No longer about “Post & Pray”
Candidate Sourcing
Constantly Align to the Business Goals
Talent Pipelines
Candidate Sourcing
Ensuring the most effective use of tools your already likely paying for
Candidate Sourcing
Ensure your Recruitment Function has the capacity and capability to effectively source!
Candidate Sourcing
Evolving into a Talent Hunter Culture
Assessment
in Talent Acquisition
Assessment thru Interviewing
http://www.youtube.com/watch?v=OVUZKvAwwd8
VIDEO - Misaligned Hiring Goals
Assessment thru Interviewing
http://www.youtube.com/watch?v=5KV2rxpQ_Js
VIDEO – Hiring Managers and their self made candidate interviewing tests
Deeper Assessment of Candidates
Does a 1 hour interview provide you with a true indication of a candidate fit?
Deeper Assessment of Candidates
Top Influencing Factors in Hiring Candidates*
1. Candidate’s Sense of Humour – 27%
2. Involved in Community – 26%
3. Candidate who is Better Dressed – 22%
4. Candidate with whom the Hiring Manager has more in common with – 21%
5. Physically Fit – 13%
*survey by Harris Interactive - 2013
Deeper Assessment of Candidates
Focus on Quality & Thorough Interviewing
Deeper Assessment of Candidates
Assume 50% of your candidates misrepresent themselves on their resume
or exaggerate their experience in an interview – is your organization equipped
to assess which ones?
Deeper Assessment of Candidates
Are your Recruiters & Hiring Managers aligned with your organization’s hiring goals?
• Skills & Experience (usually)• Organizational Fit (sometimes)• Potential (rarely)
Deeper Assessment of Candidates
Engage & Train your Recruiters & Leaders on Effectively Assessing
Candidates
Candidate Experience
The Balance between Candidate Romance and Assessment
The Balance between Candidate Romance and Assessment
46% of new hires fail within 18 months*
*Leadership IQ 2013
The Balance between Candidate Romance and Assessment
61% of new hires are unhappy because they feel that they had been
misled during the hiring process*
*Harris Interactive 2013
The Balance between Candidate Romance and Assessment
50% of Hiring Organizations or the new hires themselves regret the
decisions they made*
*The Recruiting Roundtable 2013
The Balance between Candidate Romance and Assessment
Expectation Setting, Communication and Follow up with Candidates are
key!
Talent Calibration
Assess your Internal Talent versus Top External Talent to Hire the Best overall –
don’t be afraid to compare
Talent Calibration
Where does your internal talent compare?
“Who the right person is can greatly depend on the moment. Someone who has performed an exemplary job leading one leg of that journey may not be ideally
suited for the next.”
- Meg Whitman HP CEO
Recruiters now need to be Talent Advisors
Recruiters must no longer be Recruitment Coordinators & Administrators
Recruiters now need to be Talent Advisors
Must be the Trusted Advisors & Partners to the Business
– not just a simple title change!
Recruiters now need to be Talent Advisors
Recruiters must become a Talent Influencer for your organization
“Big Data” within Talent Acquisition
Best Practices
Recruitment Model
Best Practices
Boomerang Hiring makes up 10%of their hires each year
Best Practices - Interviewing
Uses panels of varied employees to handle the interviewing & selection process – 4 interview maximum.
(no direct hiring managers or peers to remove the subjectivity)
Best Practices - Mobile
63% of people search for jobs on their smartphone
Best Practices - LinkedIn
Contact US
For further information or assistance contact:
Simon ParkinThe Talent Company Ltd.(905) [email protected] www.thetalent.co