talent analytics ere 2015

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Talent Acquisition Analytics Rob McIntosh Chief Analyst ERE Media, Inc.

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Page 1: Talent Analytics ERE 2015

Talent Acquisition AnalyticsRob McIntoshChief AnalystERE Media, Inc.

Page 2: Talent Analytics ERE 2015

“Without data, you are blind and deaf

and in the middle of a freeway.”

– Geoffrey Moore

Page 3: Talent Analytics ERE 2015

Most Talent Acquisition Functions are still blind and

deaf

Page 4: Talent Analytics ERE 2015

2015 State of Talent Acquisition Survey

(2,400+ TA leaders/Recruiters)

Question:

What Metrics Doesn’t get Tracked or Measured in Your

Organization?

Page 5: Talent Analytics ERE 2015

Question: What Metrics Doesn’t get Tracked or Measured in Your Organization? Diversity Hires = 31%

Page 6: Talent Analytics ERE 2015

Question: What Metrics Doesn’t get Tracked or Measured in Your Organization?

Cost Per Hire = 32%

Diversity Hires = 31%

Page 7: Talent Analytics ERE 2015

Question: What Metrics Doesn’t get Tracked or Measured in Your Organization?

Cost Per Hire = 32%

Diversity Hires = 31%

Candidate Satisfaction= 44%

Page 8: Talent Analytics ERE 2015

Question: What Metrics Doesn’t get Tracked or Measured in Your Organization?

Cost Per Hire = 32%

Diversity Hires = 31%

Candidate Satisfaction= 44%

Quality of Hire = 46%

Page 9: Talent Analytics ERE 2015

But there is a Silver Lining…..

Page 10: Talent Analytics ERE 2015

52% plan on using an analytics solution and 39%

plan on

benchmarking their Metrics in the next 18 months

Page 11: Talent Analytics ERE 2015

Predictive Analytics

But we still have Roadblocks

Page 12: Talent Analytics ERE 2015

We still lack Standardization

Page 13: Talent Analytics ERE 2015

Metrics Standardization

Page 14: Talent Analytics ERE 2015

Speed Quality Productivity CostTime to Accept (TTA) First Year Quality

(FYQ)Productivity Per Recruiter (PPR)

Recruiting Resources Cost to Acquire (CTA)

Time to Start (TTS) Offer Acceptance Rate (OA)

Hires Per Recruiter (HPR)

Recruiting vs Business Consideration (RvB)

Submittals to Business Acceptance Percentage (SBA)

Source of Hire (SoH)Source of Application (SoA)

Italics = 2016+ MetricsSubmittals to Hire

Ratio (SHR)Candidate Interviewed Declined Reasons (CIDR)

Time in Workflow Stage (TWS)

Hiring manager & Candidate satisfaction

Req Cancellation Rate (RCR)

Page 15: Talent Analytics ERE 2015

We need to be better story

tellers of the data

Page 16: Talent Analytics ERE 2015

“In Tell to Win, Peter Guber masterfully demonstrates that telling purposeful stories is the best way to persuade,

motivate, and convince who you want to do what you need”.

PRESIDENT BILL CLINTON

Page 17: Talent Analytics ERE 2015
Page 18: Talent Analytics ERE 2015

1. Problem we/you are trying to solve 2. Benefit we will get from solving this problem3. How you are progressing against the plan to solve

it (on track/off track)4. The issues causing you to be off track5. What are you doing about resolving the issues that

get you back on track, and by when

5 Simple Story Telling Rules

Page 19: Talent Analytics ERE 2015
Page 20: Talent Analytics ERE 2015

Most Recruiting Metrics are still about looking in

the rear view mirror

Page 21: Talent Analytics ERE 2015

Predictive analytics is the practice of

extracting information from

existing data sets in order to determine

patterns and predict future outcomes and

trends

Page 22: Talent Analytics ERE 2015

100:130:110:1

8:13:11:1

Full Funnel Throughput (FFT)Applications

Recruiter Screens

Hire

HM AcceptsFinal Interviews

Submittals

Page 23: Talent Analytics ERE 2015

100:130:110:1

8:13:11:1

Full Funnel Throughput (FFT)

Tele-Sales

Java Developers

Job Families

Store Mgr’s

55:1

30:1

100:1

Page 24: Talent Analytics ERE 2015

100:130:110:1

8:13:11:1

Alert

20 more Quality Candidates needed

this week to fill the 5 Tele-Sales positions by

end of the month

Full Funnel Throughput (FFT)

Page 25: Talent Analytics ERE 2015

Speed

Quality

Cost

Req Load

Predictive Metric Causality

ExampleBetter Quality impacts longer

hiring times and increases cost

Page 26: Talent Analytics ERE 2015
Page 27: Talent Analytics ERE 2015

• trending reports• detailed projections • draws from historical

data• automated

generation• visual

Page 28: Talent Analytics ERE 2015
Page 29: Talent Analytics ERE 2015

ERE Benchmarking Metrics Solution

Context

Real Data from ATS’s Confidential & Secure

Data Online Tool

Actionable Insights

Page 30: Talent Analytics ERE 2015
Page 31: Talent Analytics ERE 2015

Filters are the key to actionable

insights

Page 32: Talent Analytics ERE 2015

Josh JonesGene BrownJohn Ricciardi

ERE’s Benchmarking Good Guys

Page 33: Talent Analytics ERE 2015
Page 34: Talent Analytics ERE 2015

A Staffing.org CEO Survey rated new hire quality as the #1 most important performance metric

out of 20 possible metrics. It was rated 9.6/10

Page 35: Talent Analytics ERE 2015

Question: What Metrics Doesn’t get Tracked or Measured in Your

Organization? Quality of Hire = 46%

2015 State of Talent Acquisition Survey

Page 36: Talent Analytics ERE 2015

Employee’s get headhunted away….

Poor onboarding experience….Poor employee performance….Employee’s get reassigned….

Bad career manager….Not a cultural fit…

Boring work….Etc..

Page 37: Talent Analytics ERE 2015

Hiring Manager & Peer Surveys

New Hire Performance New Hire Promotions

New Hire Attrition

Submittal Acceptance % from the Business

Employee Pulse Surveys (New Hires)

Measurements

Page 39: Talent Analytics ERE 2015

Quality of Hire (QoH) = (APR + AE + HMS + ER) / NAPR = Avg. Performance Rating for new employees in first 12 months AE = Employee Performance as a % of Achieves Expectations of performance in first year.

HMS = Annual Hiring Manager Survey Q:“Overall quality of New Hires”ER = % of Employee Retention first 12 months of employment.N = Number of indicators used.

APR= 68% + AE= 94% + HMS= 80% + ER= 90% / N = 4 QoH = 83%

Page 40: Talent Analytics ERE 2015
Page 41: Talent Analytics ERE 2015

RIP Complex QoH M

etric

QoH

Page 42: Talent Analytics ERE 2015

Data Compression & PerceptionHighest = 83%

Lowest = 62%

Performance Management

New Hires

QoH

Page 43: Talent Analytics ERE 2015

Business Accountability

Recruiter Accountability

Biggest lesson learned?

Page 44: Talent Analytics ERE 2015

Number of candidates submitted to the business that they accept as a %

(Recruiter Accountability) +

% of candidates employed (Retention) in their first 12 months of employment

(Business Accountability)

divided by these two data points.

1

2

Page 45: Talent Analytics ERE 2015

1,000 Submittals

800 Acceptances

80%

First Year Retention

90%

+

Two Data Points (80% & 90%)

= 85% First Year Quality (FYQ)

Page 46: Talent Analytics ERE 2015

Q1

Q4

Top Performing QuartileBottom Performing QuartileYour Company

Page 47: Talent Analytics ERE 2015

Q1

Q4

Top Performing QuartileBottom Performing QuartileYour Company

Benchmarking Filters

Page 48: Talent Analytics ERE 2015

Q1

Q4

Top Performing QuartileBottom Performing Quartile

Your Company

Page 49: Talent Analytics ERE 2015

What have we learned so far about TA Metrics and Advanced Analytics?

‘Hundreds of conversations ranging from Fortune 100 to 2,000 people organizations

across multiple industries’.

Page 50: Talent Analytics ERE 2015

10%

40%

50%

Get it !

Not sure how, but want to learn

Not Interested or Clueless

Page 51: Talent Analytics ERE 2015

- Still multiple versions of the Truth

- Companies all over the map with how they use ATS’s (or Don’t)

- Some ATS’s are just plain useless in their functionality

Page 52: Talent Analytics ERE 2015

Still challenges with

how recruiter

s use their ATS.

Page 53: Talent Analytics ERE 2015

TA leaders love metrics that help

educate the business on what is not broken.

Example:

Page 54: Talent Analytics ERE 2015

Thanks and Questions?