the candidate experience - risks, rewards, opportunities

15
The Candidate Experience Risks, Rewards & Opportunities

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Page 1: The Candidate Experience - Risks, rewards, opportunities

The Candidate ExperienceRisks, Rewards & Opportunities

Page 2: The Candidate Experience - Risks, rewards, opportunities

Hello

• Howard Weintraub

• Nuuvo-B2E

• Canadian Lead – Candidate Experience Awards

• @howiew

Page 3: The Candidate Experience - Risks, rewards, opportunities

Information to cover

• What is the Candidate Experience?

• Why do we care?

• Opportunities and Risks

• Things to think about

• The CandEs – Candidate Experience Awards

• Panel: 2014 CandE Winners

Page 4: The Candidate Experience - Risks, rewards, opportunities

Candidate Experience - defined

Recruiting, screening and hiring processes from the perspective of participants who, historically,

have had the least amount of influence

– the candidate.

Page 5: The Candidate Experience - Risks, rewards, opportunities

Why do we care?

• Recruiters/Talent Acquisition professionals do not WANT to purposely treat candidates poorly.

• It’s a result of

• Resources

• Time

• Volume

• Processes

• Technologies

Page 6: The Candidate Experience - Risks, rewards, opportunities

ASSUMPTION

A business that treats its candidates well

– even those not hired –

benefits in measurable ways

and should be recognized….

• No data

• No agreement on definition or practices about treating candidates well.

Page 7: The Candidate Experience - Risks, rewards, opportunities

The CandEs – Candidate Experience Awards

• 2010 - Talent Board – founding non-profit of the CandEs

• Completed 4th year - Inaugural awards in 2011

• All council members are volunteers

• NO COST to participate - Sponsor driven

• Anonymous entries

• Only winners are publicized

• Annual symposium (inaugurated 2014)

• Benchmark and survey data provided to participants

• Whitepaper published and made available for download to public.

Page 8: The Candidate Experience - Risks, rewards, opportunities

Benefits of a positive Candidate Experience

• Re-applies• 95% would re-apply

• Increased referrals• 96.9% would refer someone to apply

• Boost customer affinity• Increase sales, organizational performance

• 23% would increase their customer status

• Enhance reputation/employer brand• Positive sharing/ambassadors

• 82.3% would share with their inner circle

• 50.5% would blog or socialize their positive experience

• Positive spillover to employee engagement* from 2014 CandEs candidate survey

Page 9: The Candidate Experience - Risks, rewards, opportunities

Risks of a negative Candidate Experience

• Fewer re-applies• 72.8% would NOT re-apply

• Fewer referrals• > 34% would refer others

• Decreased customer affinity• sales, organizational performance

• 9% who are customers would leave

• Diminished reputation/employer brand• Negative sharing/critics

• 32% would be willing to speak out publicly about a negative experience.

• Negative spillover to employee engagement

* from 2014 CandEs candidate survey

Page 10: The Candidate Experience - Risks, rewards, opportunities

Candidate Experience Phases (Touchpoints)

1. Candidate Attraction

• Research materials, available content, branding

2. Expression of Interest

• Application processes, formats, technologies

3. Candidate Dispositioning

• How employers inform candidates deemed “not qualified”, if at all (black hole?)

4. Candidate Evaluation

• Actions and content employers use when evaluating candidates

5. Candidate Selection

• How employers engage with selected candidates for offers (Onboarding)

Page 11: The Candidate Experience - Risks, rewards, opportunities

Characteristics to think about

• Sourcing channels/methods

• Valuable recruiting content

• Transparency/authenticity

• Setting expectations

• Privacy Commitments

• Length of time to apply

• Asking for candidate feedback

• Thanking candidate for applying

• Providing status updates/feedback

• Dispositioning qualified candidates

• Dispositioning unqualified candidates

• Applicant tracking systems

• Types of screening questions

• Screening & testing vehicles

• Interview types & quality

• Interview job relevance

• Number of interviews

• Onboarding methods & quality

Page 12: The Candidate Experience - Risks, rewards, opportunities

The CandEs – Candidate Experience Awards

• The CandEs process• A competition

• Provide participants with confidential and specific feedback on how they can improve their candidate experience.

• Opportunity to benchmark their candidate experience against other companies

• 3 steps:1. Application to participate - thecandidateexperienceawards.org

2. Qualify

3. 3rd party candidate survey – to see what their candidates really think of their process

Page 13: The Candidate Experience - Risks, rewards, opportunities

Awareness and Adoption is growing fast!

0

50

100

150

200

250

2011 2012 2013 2014

71

90

138

205

5

37

64 62

North AmericanParticipation Levels

Company Registrations Completed Round One Completed Round Two Winners

Page 14: The Candidate Experience - Risks, rewards, opportunities

Valuable, industry leading data

11,500

17,500

46,000

96,000

0

20,000

40,000

60,000

80,000

100,000

120,000

2011 2012 2013 2014

# Candidate Surveys

# Candidate Surveys

170,000+

Candidates

surveyed in 4

years!

Page 15: The Candidate Experience - Risks, rewards, opportunities

For more info about The CandEs

@TheCandEs

facebook.com/CandEAwards

Search Groups: “Candidate Experience Awards”

[email protected]

@howiew