MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET...

28
©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

Transcript of MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET...

Page 1: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All right reserved.

MARKET LANDSCAPE: TALENT ACQUISITION

Page 2: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

A Closer LookCurrent State Evaluation Providers

AGENDA

01 02 03

Page 3: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

Surveys

Interviews

Solution Provider Briefings

RESEARCH METHODOLOGY

Page 4: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

01

CurrentState

Page 6: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

INNOVATIVE SOLUTION PROVIDERS IN 2009

Page 7: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

Fast Forward10 Years

Page 8: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

A FEW TRENDS STAND OUT

■ CRMs are the new ATSs

■ RPOs are more strategic

■ The investment has skyrocketed

■ The ATS market is still growing at

a rate of 12%

Page 9: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

is acquired by

acquiresAcquires

is acquired by

is acquired by

merges with

CONSOLIDATIONS

Page 10: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

Recruiter’s Spend the Most Time Doing:

■ Scheduling Interviews■ Findings Candidates in their ATS■ Scheduling Calls■ Meeting with Hiring Managers

THE ROLE OF THE RECRUITER

Page 11: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

02

A CloserLook

Page 12: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

MARIE KONDO OF TA

■ Simplify■ Tidy Up■ Spark Joy

Page 13: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

TA Leader

Business Leader

■ Recruiters■ Talent Acquisition Leaders■ Sourcers■ Employer Branding Specialists■ Digital and Social Media Specialists■ Data Scientists■ Business Partners■ Candidate Experience Experts

THE PEOPLE

1

2 3 4

Page 14: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

Workforce Planning

Recruitment Marketing Source Apply

Assess Interview Screen Offer

PROCESS

Page 15: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

TALENT ACQUISITION TRIFECTA

Applicant Tracking

Onboarding System

Ecosystem

Employer Branding

Sourcing Interviewing

Assessment

Screening Communication

AnalyticsAI

Experience Layer

Recruitment Marketing

Platform/ CRM

Page 16: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

WHAT MAKES TECHNOLOGY GREAT?

■Experience■Expertise■Adoption

Page 17: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

Over 50% of companies have a contract with their ATS for 3+ years

■ 51% of companies use 3+ ATS Systems■ 66% of companies use 3+ sourcing

solutions■ 70% of companies use 3+ general job

boards

TA TECH IS TOO COMPLEX

Source: Aptitude Research Partners. Hire, Engage, Retain Study, 2017. N=470

Page 18: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

WE NEED MORE EXPERTISE

1 in 4 companies have no plans

Only 32% of companies have

Only 24% have the budget that

Page 19: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

WE ARE ADOPTION TECHNOLOGY

■ Only 2% of companies using all the functionality of RMP

■ Only 3% of companies using all the functionality of ATS

Page 20: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

ADDRESSING THE ELEPHANTS

■Workday■IBM BrassRing■CRM■AI

Page 21: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

03

Evaluating Providers

Page 22: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

SMB

Comprehensive Solution

Innovation

Word of Mouth

Mid-Market

Disparate Solutions

Efficiency

Word of Mouth

Enterprise

Core Systems and Ecosystem

Integration

Word of Mouth

TALENT ACQUISITION SMB MARKET

Page 23: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

Key Questions Key Requirements ROI Analysis

THREE STAGES

1 2 3

Page 24: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

Internal Questions

External Questions

Experience Questions

3 QUESTIONS TO ASK

Page 25: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

KEY REQUIREMENTS

■Company■Product ■Differentiators

Page 26: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

Benefits - Costs

Costs

Payback The timeframe for when you start to see the value.

ROI The benefits divided by the costs.

Savings The amount saved during the payback period.

Page 27: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

Identify your unique requirements

Look for a partner

Simplify the process

Embrace data to drive decisions

Have fun!

KEY RECOMMENDATIONS

Page 28: MARKET LANDSCAPE: TALENT ACQUISITION · ©2019 Aptitude Research, All right reserved. MARKET LANDSCAPE: TALENT ACQUISITION

©2019 Aptitude Research, All rights reserved.

Thank You

AptitudeResearch.com@madtarquin

@aptitudeHCM