High Volume Sourcing Trends: Harnessing the power of CRM and Talent Communities
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Transcript of High Volume Sourcing Trends: Harnessing the power of CRM and Talent Communities
High Volume Recruiting Strategic Sourcing + CRM Best Practices
SourceCon October 12-14, 2011 – Santa Clara, Ca
Helping Companies Achieve Competitive Advantage Through Talent
People - Process – Technology – Strategy - Compliance
About talentRISE
talentRISE Carl Kutsmode, Partner
A management consulting firm that helps employers gain competitive advantage through talent
• Founded in 2008 - Growing consistently every year
• Re-align clients changing business strategies with their operational capabilities needed to address future talent needs
• Assess HR / Talent Management related operational gaps related to systems, processes, strategies and compliance
• Implement scalable, sustainable solutions that optimize corporate talent acquisition, talent management and retention practices
• Provide “On-Demand” contract recruiting and Retained Executive Search services to address strategic internal recruiting capability gaps
Over 18 years experience helping employers optimally leverage the Internet and technology to recruit and retain “top talent”
• Extensive recruitment process and technology re-
engineering experience.
• Early adopter / pioneer in online recruitment
• Industry expertise in Professional Services, Financial Services, Energy, Healthcare, CPG, Hospitality, Retail and Mfg.
• Managed hundreds of project based outsourced recruiting projects for companies ranging from startup to global organizations
• Nationally known speaker and writer on online “ Top Talent” acquisition, management and retention best practices
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What are YOUR Common CHALLENGES in High
Volume Recruiting?
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+
Hiring Managers
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Full Life Cycle Recruiter Sourcing Team Support
Centralized Sourcing
Team
What Sourcing / Recruiting Model Do You Have?
- Centralized Sourcing Vs. Full Life Cycle Recruiters
Centralized Sourcing Vs. Full Life Cycle
Full Life Cycle Model Centralized Model
• All recruiters are not equally good at sourcing and most spend less than 15% on proactively sourcing the best talent – Highly impacted by Req Loads
• Most spend the majority of their time screening unqualified APPLICANTS out of consideration
• When multiple recruiters recruit as a team to fill the same positions, they are more likely to redundantly source AND contact the same candidates
• May have to time-share resources to keep resume database license costs low and some may not use the tools optimally ( Saved searches, etc)
• Multiple recruiter contacts impacts ability to form a solid candidate referral relationship
• Sourcing recruiters become experts at sourcing and spend 100% of their time focused on it and can easily be scaled or re-deployed to focus on more challenging needs or assist with spikes
• More time available to creatively identify new sources and target top talent at competitors
• No redundancy in sourcing time spent as each sourcer is dedicated to support recruiters by geography, profile or dept
• Fewer resume database licenses needed and the tools are used optimally ( Saved searches, etc)
• There is only one person contacting them about new opportunities –As relationship is created, referrals build over time
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What Sources Do You Rely on MOST to fill High
Volume, Ongoing Need or Difficult to Fill Jobs FAST?
• Mainly ACTIVE Candidates – No time to source passive candidates out of competitors ▫ Employee Referrals
▫ Job Board Postings (FREE and PAID)
▫ College Alumni and Recent Grads
▫ Job fairs /Open Houses
▫ Daily Resume Database Mining
▫ Email blasts via college and job board resume databases
▫ Craigslist Posting and Resume Mining
▫ Local outreach – churches, job networking groups
▫ Unemployment office postings
▫ Social Media Status Updates and Postings (Facebook, Linkedin , Twitter )
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Anyone also using…print; direct mail; billboards, mall kiosks and movie theatre
advertising; radio and TV; temp to hire through third parties?
What’s Your EEO + OFCCP Compliance Strategy
To Reach a Diverse Pool of Candidates Who May
Not Be Online?
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“Only 45% of households with
income less than $50,000 have
internet access in their home”
MAXOutreach® targets hard-to-
reach applicants, who often rely on
community-based organizations for
job assistance and referrals, rather
than internet job boards.
Understanding Strategic “Relationship Centric”
Social Sourcing & Networking:
A MAJORITY of people
report they have found
jobs on social networks
by being FOUND and
approached with a job by
a recruiter
Less than 5% report they
have found a job by
clicking on a banner ad or
job posting link posted on
a social network
How Do People Use Social Networks to Find Jobs?
Your Company Top Talent
Are You Leveraging the Power of SEO
to Make Your Company a MAGNET
for Top Talent Online!
What are your Hardest to Fill and Ongoing High
Volume Hiring Needs?
Do They Come up on the FIRST PAGE Results
of a Google Job Search?
Current ? Best Practice
• Redundant Candidate Contact Effort
• Inconsistent Candidate Experience
• Poor Employment Brand Use
• Recruiter Owned Network / No Metrics
• Loss of Recruiter Rolodex / Turnover
• Strategic and Integrated Approach
• Consistent Candidate Experience
• Consistent Company Branding
• Company Owned Network / Metrics
• Network Retention / Turnover
What is Your Social Network Referral Networking
and Direct Sourcing Strategy?
“Relationship” Sourcing Best Practice
- Build & Leverage Talent Communities
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Competitor Key Execs
Direct Competitor Top Sales Managers
Retail Industry
Inside Sales Reps
CRM
Starting Point: Engaging Top Talent
On Your Company Website or Talent Community
Source: Corporate Recruiting Benchmark
Study – Staffing.org 2010
Think like a job seeker!
1. Do a keyword job search on Google to test the
search engine ranking of your jobs
2. Compare your current online job posting and
website messaging to your top 3 TALENT
competitors
3. Search and apply to one of your own jobs and a
competitors job
Targeted Sourcing
- Talent Supply / Demand and Competitor Analysis
Central NJ ( Trenton-Ewing-Princeton)
Engineering Managers
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Your Strategic Sourcing and Talent Community Goal - Build Talent Pipelines AND Relationships in Advance of Need
What About Mobile?
- The Benefits of Mobile to Build Talent Communities
• 91% of Americans are now wireless subscribers
• Mobile is personalized and private
• Mobile is timely and flexible – goes with you everywhere !
• Mobile SMS has a 95% read rate
• SMS campaigns have a 15-20% response rate vs 1% for traditional media and marketing campaigns
• Easy to do group broadcast – events, notifications, jobs
• Easily measured
• Very cost effective over traditional mediums
Source: Michael Marlatt – Slideshare / “Mobile Recruiting – Are we there?” 2010
Are You Using predictive “Job Fit” Assessments”
to ensure consistent Talent Quality?
www.profilesinternational.com
Hourly Hire Sample Assessment Output
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www.degarmogroup.com
Traditional Recruiting Workflow
vs. CRM Sourcing Workflow
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Define Target Candidate Population
Engage Interest Targeted
Advertising & Sourcing
Capture Passive
Candidate Info Segmented
Talent Communities
Build Relationships Campaigns to
Network Current Job Openings
Invite to Apply
Website + ATS
CRM – Proactive / “Relationship” Centric Approach
Strategic Pipeline Sourcing = Fill FUTURE and Current Needs
Traditional “ATS” Centric / Just in Time Approach
Reactionary = Fill Open Jobs
(Optional) Job Fit
Assessment Hire / Reject
Phone Pre-Screen
NOTE – Post online application
status steps are typically tracked
in your ATS to maintain OFCCP +
EEO compliance.
Interview
Open New Job
Req
Mass Post + Source
Review ACTIVE Job Applicants Website +
ATS
Phone
Pre- Screen
for Job Fit
Interview Hire / Reject
(Optional)
Job Fit Assessment
ATS CRM
Just-in-Time, Reactive Model – Fill current needs only Strategic, Targeted Pipeline Model – Fill Current and FUTURE needs
Formal, (Compliance driven) Hiring Process Pre-Formal Hiring Process – Sourcing -No EEO needed
Requisition centric – processing people linked to requisitions
Relationship centric - an intense and constant focus on understanding, servicing, and communicating with candidates
Candidates linked to open positions Candidates linked to segmented talent pools or communities (Internal and External)
Metrics compared to historical data around time and cost reduction
Metrics forecasting future hire readiness (pipeline health), aligned to WF plan
Used by full lifecycle recruiters Used by sourcing recruiters and full lifecycle recruiters
Designed to “Process” mainly active candidates responding to job postings / ads or mined in resume databases
Designed for proactively finding and engaging passive candidates and engaging both passive and active candidates in a relationship
Attraction - Company Career Portal for posting open jobs
Attraction – Outreach sourcing tools, role/skill specific micro-sites, and quick registration portal pages into talent communities
Short term goals based on filling current needs Short and Long term goals are balanced
Managing the Process
- ATS vs CRM Key Differences
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Multiple Job Board
Postings + Resume DB
Mining
Multi-Page Online
Application with EEO
Interested Applicants
in ATS
Typical “Active” Candidate
- High Volume “ATS” Centric Process Results
Company Website
•Apply Now ?
• Not looking but
Interested in future?
Only about 10% of
Site Visitors start
the application
process
Search Jobs?
Learn About
Company?
Interested in Future
Opportunities?
Avg 50% Drop Off
in Site Visitors
Clicking to Search
Jobs
Most Recent
Postings Get Most
Applicants
Highly Competitive
Not Targeted
Mainly Active Job
Seekers
•Complete
Application
• Waiting for a
Response
Generally less than
5% of Site Visitors
complete the
application process
Best Practice Example
“Active”Job Board Candidate
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Viral Referrals to
Passive Candidates
http://jobs.nalco.com
Active Job Seekers
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Sourced Contacts
Referral Networking
(Job Postings)
Push Emails To Talent
Community
- Networking
-Targeted Open Jobs
Interested Applicants
in ATS
Typical “Passive” Candidate
- High Volume “Relationship” Centric Process
Talent Community
Micro-Site / Registration
Page
Regular email
communications to build
relationship or network
jobs
Emails have link to jobs
on company website/ATS
50% will complete the
brief Profile Request of
Future Interest
Engage Interest
Capture email and
optionally some basic
Info and Future
job/Career Interests
Info
100% Register an
email with the Site
Targeted Candidates
Sourced By Recruiters
Supplement with
Postings
Improved Quality
Mainly Passive
Candidates
Complete Application
Waiting for a Response
20-30% Complete
online applications
when invited to apply
for an actual
opportunity in future
Talent Community
+ CRM Relationship
Mgmt
Best Practice Example
“Passive Talent Community”
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http://jobs.nalco.com
Active Job Seekers
Passive Job
Seekers “Register”
future Interest +
Setup Job
“Agents”
No Need to Track EEO
Compliance Stats!
Reported ROI of Employers using a “Talent
Community” + CRM Sourcing Strategy
• Cost reduction against retained and contingent search compared to internal costs reduced by 79%
• Marketing and advertising, including job board spend, reduced by 65%
• Time to fill dropped by 25%
• Average age of requisitions reduced by 7%
• Agency use down 50%
• Application to interview conversion ratio increased by 70%
• Interview to hire ratio decreased by 40%
• Candidates were 33% more likely to be diverse as opposed to agency hires
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Source: 2009 Avature CRM customer survey
The Big Picture
Building Talent Communities Strategically
Passive Candidates Are Invited to Apply
for Future Open Jobs WebsiteATS
Build and Cultivate Relationships
Using a CRM System
Engage Top Talent - Register in
Talent Communities
Managed by an
Online Social
Recruitment
Marketing
Vendor + CRM
Tool
Online Social Recruitment Marketing Platform + SEO Vendor
Website Careers Pages ATS/Online Application/ EEO = Qualified / Interested Job Applicant
Register in Talent Communities / CRM Source Metrics Tracking / Analytics
Targeted Job Marketing
Recruiting Events
Branding & Campaigns
College, Diversity
Recruiting Campaigns
Industry Experienced
Talent
Shared Referrals
Talent Communities
Critical / Hard to Fill
Roles
College & Interns
Job Boards
Search Engine SEO
Channels & Platforms
Mobile Recruiting
Social Recruiting
Job Posting Distribution
Job Publishing
Job Feeds
(RSS/XML)
Job Aggregators
Niche Job Boards
Social Pages
Social Networks
Relationship Mgmt
Social Apps
Social API Integration
Your New “Talent Magnet” Sourcing Model - Key Components
Job Advertising & PR / Awareness
Leveraging Contacts & Cultivating Relationships / Communities
Employment Branding – Media & Content Sharing
SEO Optimized Content + Metrics Tracking + CRM
Distribution Conduits
Your NEW “Strategic Pipeline Sourcing Toolbox”
Measuring Success:
- Sourcing & Pipeline Dashboard & Metrics
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Pipeline & Source Metrics Tracking
- What the REAL Metrics Tell You!
Visit # of Visitors:
Click to Apply
Complete Application
Qualified Applicant
Interview
Offer Made
Career Site
Hire
Search Engines
Job Aggregators
Major Boards
Niche Boards
# of Applications Started:
For Every Hire 1.0
# of Offers Made: 1.2
# of Interviews: 4.6
# of Qualified Applicants: 9.1
# of Applications Completed: 75.5
Based on 2010 results for select key clients providing ATS applicant status full year data. Includes 14.3
million visitors, 1.3 million completed applications & 26,000 hires.
90.6
826.0
Social Media
BE
NC
HM
AR
K
1.0
1.2
2.4
4.7
33.0
43.3
337.2
1.0
1.2
2.2
4.2
32.1
45.8
464.5
1.0
1.2
3.7
11.2
115.9
166.7
1,740.4
1.0
1.2
5.4
18.5
219.3
288.5
1,054.8
1.0
1.2
4.0
9.9
120.9
163.4
633.9
1.0
1.2
3.5
10.4
116.0
139.5
785.3
Full Line of Sight Source Analytics are Key to Success! (Drill Down to Specific Sources by Job Category)
Metrics by Source Employer ATS Applicant Status Source Costs
Having access to this level of data helps you
strategically shift your sourcing budgets to
those sources generating the highest number of
applicants ( Apply’s) and Hires, at the Best ROI
(NOT LOWEST) cost per hire!
Most Hires = Career Site Services
Most Applies = Pay Per Click SEO
Best ROI = Career Site Services
(635 Hires / $12.35/hire)
Measuring Centralized Sourcing Success - What Metrics Matter Most?
• Quality of candidates – Funnel ratios and volume of candidates through the recruiting funnel by source
• Sourcer & Recruiter accountability – Activity in the system (Login time); Avg. time candidate is in status steps – makes recruiters and sourcers mutually accountable for their role in the process for steps they respectively own.
• Quality and number of candidates hired by source – Measured by ratios of candidates interviewed to hired and first year retention and performance ratios by source
• Talent Pool Growth and Quality Reporting - # of identified, qualified, high potentials, short term availability vs. long term availability
• Recruiter Sourcing Activity Score Card – New records created, emails sent, phone screens completed – workflow, timely step updates
• Source Usage, Cost and Performance Tracking – manage ROI by source used – Applies to Hires
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Recap: Building a Strategic, Targeted, “Relationship
Centric” High Volume (and Critical Hire)
Pipeline Sourcing Strategy
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Identify + Connect: Build talent communities by leveraging
blogs, website content, SEO, Mobile & social media technology
to target, attract and engage TOP TALENT
Pitch: Leverage email campaigns and online content to foster
regular communications, “Profile” your talent communities
interests and create long term candidate relationships through
engagement
Qualify: Invite formerly Passive candidates you have already
begun to establish a relationship with to consider new
opportunities as they open up by asking them to review the
opportunity and forward on to others if not interested OR click the
link to the job and your online application if they are interested.
Measure: Using a CRM tool to track quality of talent
communities, source funnel metrics, conversion readiness and
conversion ratios and costs from application to interview and hire.
Case Study
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High Volume Sourcing – Entry Level Sales
- Case Study Overview • Our client’s full life cycle recruiting team were struggling to meet their hiring goal to fill
scheduled training classes every 6 weeks with entry level sales hires in 3 critical markets during the year end holiday season.
• Nearly 50% of positions are typically filled with employee referrals. Most external sourcing was targeting ACTIVE and IMMEDIATELY AVAILABLE candidates from postings, recent grads or referrals who were immediately available
• Weak candidate pool quality – interview to hire ratio ranged from 5-10:1 depending upon market.
• Hiring Managers revenue forecasts and income was heavily weighted on all training classes being filled
• 2 of the 3 markets were located in non-major metro locations with a small talent pool and/or poor quality entry level talent
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TalentRISE was first engaged 3 weeks prior to the hiring cutoff dates to provide
targeted, centralized sourcing assistance to the clients full life cycle recruiters where
needed so that the hiring goals would not be missed
Activity / Candidate / Metrics Tracking
-Before talentRISE Dedicated Sourcing + CRM
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Recruiters manually tracking all candidates in Excel and send to sourcing team
lead each night
Daily am spreadsheet merge by Sourcing Team Lead before 9am status calls
Lots of data normalization and clean up by client team lead daily
Pipeline metrics not real-time or 100% accurate
Targeted Online Sourcing, Email
Networking + Posting
Tracked in CRM
TR Recruiter Phone Screen & Sell Oppty
Invite Qualified Candidates to Apply
on Career Site
Job Preview Video
Online Application + “Sales Fit” Assessment
Client Recruiter Phone Interview
PASS
Manager Interview
Hire 2:1
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talentRISE Solution Centralized Sourcing + CRM Process Overview
- Dedicated, centralized
sourcing team: 2 recruiters
assigned to focus 100% on
sourcing to assist recruiters
where needed
- Focused on 3 challenging
markets with smaller talent pools
or lower talent quality
- Close partnership with client
recruiters
- Eliminated duplicate sourcing
efforts using a source/screen
and handoff to FLC client
recruiter
- Real-time pipeline metrics via
CRM generated reports
- Shared success in 100% filled
classes
- Growing Pipeline of candidates
moved forward to next class;
accelerated initial hires
- Source tracking & refinement
ongoing + Optimized recruiter time
View Into Talent Pipeline Sourcing Metrics
Real-time Tracking / CRM Reporting
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Case Study
- Results / Hiring Metrics
• First classes were filled at 98% of goal (53/54 Hired)
- Prior client full life cycle team approach filled classes in difficult markets at 70-85% on average depending upon market
• Second round of classes 6 weeks later were filled at 96% of goal (101/105) = Consistent fill ratio
• Over 1200 previously sourced talent pipeline candidates were able to be re-contacted in the CRM by a single email blast for the second class following the cutoff dates to fill the first class.
▫ The first 7 of the initial second class hires came from the first class candidate pool pipeline and email blasts = value of the talent pipeline and original relationships built during the first class recruiting effort.
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The Final Numbers:
- Cumulative Metrics (Both Classes)
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Source Analysis
20% TalentRISE Sourcing Team
+47% Employee Referrals
+33% Client Recruiting Team
- Ad postings
- Website Career Site
- ATS Past Candidates
- College relationships
- Local referral networks
1. First Class strategy focused more heavily on driving awareness and applicant volume due to urgency & timing
2. Second Class strategy changed to focus more on quality over quantity:
3. Improved invite to apply / passed assessment ratio indicates improved quality ( From 21% to 43%)
4. Consistent hiring manager interview to hire ratios = 2:1 is significantly better than best practice for entry level hiring = 5:1
The Final Numbers
- Metrics Analysis / Quality
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2
3
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Dedicated Sourcing + CRM Approach
Intangible Value Add • Consistent and targeted company branding driving passive and active candidates to
the CLIENT website – Over 8000 candidates sourced + nearly 7500 contacts attempted
• Recruiter bandwidth scalability to redirect more resources or underutilized bandwidth as needed to address more difficult to fill markets – High income, less populated, lower quality pool
• 100% dedicated focus on high volume, creative sourcing, email and phone outreach to passive and active candidates - supplements Client recruiters available sourcing time so they can focus more on employee referrals and driving the interview to hire process forward
• Sourcers provide additional points of contact communications with all top, potential candidates creating possible current and future interest, referrals and hires for sales and other opportunities as they arise. -- Nearly 100 candidates were flagged too experienced and recommended to apply for experienced sales positions and 75 candidates were flagged to be considered for future opportunities.
• Sourcer proactive candidate phone follow up on invitations to apply and resolving issues with broken assessment links or online application glitches creates a positive Client employment experience
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Corporate Sourcing Strategy Future Trends
Past or Current
First Step
Goal
2-3 Year Evolution
Re
du
ce
Tim
e T
o F
ill & C
os
ts
S
E
O S
E
O
What Is Your 2012 Strategic
High Volume Recruiting Plan?
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Questions
Carl Kutsmode
Partner
Ph 773 509 6801
www.talentRISE.com
“Helping employers achieve competitive advantage through talent”
We Align People, Processes, Strategies and Technologies to
Meet Changing Business Talent Needs
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