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Transcript of Nrf conference presentation
NRF update and Recruitment overview
Date: April 25th Speaker: Peter Cosgrove
AGENDA • NRF Update
• Global Update on Recruitment
• Ireland Update
• Future Trends
• Conclusion
NRF UPDATE
What has the NRF ever done for us?
Membership
83% of the industry
95% of the industry
2013 2010
Media
5 Articles in national press
40 Articles in national press
2013 2010
Awards attendees
120
attended
308
attended
2013 2010
Conference attendees
120
220+
2013 2010
Profit/ Loss
-12,500
+ 14,000
2013 2012
One on one meetings with members
5 per year
40+ per year
2013 2010 2013 2010
Breakfast briefings
6 briefings
25 (average) attendees
2013 2010
12 briefings
60 (average) attendees
FEEDBACK RATING 4.1/ 5
Education
No
programme
213
certified
2013 2010
Garda Vetting
~30,000 people vetted since 2010
2013
Representation Events NRF speaking at or attending on behalf of the industry
GLOBAL UPDATE ON RECRUITMENT
Key figures of the industry
• 140,000 employment agencies /179,000 branches
• Global turnover -€ 259 billion
• Japan and the USA are the global country leaders
• Europe has 40% of total worldwide sales revenues.
• 46 million agency workers were employed by private agencies across the globe
140,000 agencies worldwide
All the big players do a lot more than recruitment
Correlation between GDP and use of agency work
Agency workers help jobs growth
12.9 million gained work through an agency in the US
Agencies: Are the following factors good or bad for you?
Agencies: What marketing tactic has best bang-for-buck?
Clients – what would you like agencies to improve?
Clients – how do you hear of agencies that you use?
Don’t ignore all traditional methods
IRELAND UPDATE
IRELAND UPDATE
Ireland data from survey
• Ireland agency turnover 1.6 billion (1.4 billion)
• 69, 700 Temps (55,000)
• Perm placements 26,000 (21,000)
Margins are decreasing however…
Ireland data from survey
• Industry Expectations: 14% growth in 2013
FUTURE TRENDS
The competitors keep coming
Decentralised
Preferred Supplier
Master Vendor
Managed Services
Total Talent Management
Evolving contingent models..
Online
Becoming a key candidate acquisition channel
#nowthatchersdead: Fans Think Cher Died After Thatcher
Trend happening in the US
Clients: Clever Sourcing
If agencies are not innovative, clients will use their inhouse teams
Clients: Clever Sourcing
Using Data
The power of data - How data alerted a store to a teenager being pregnant
Image: © Entropia
Gaming – this virtual asteroid sold for 330,000 dollars at auction!
RMS AND PLAGUE INC.
RMS inserted their logo into the game “plague” – great for graduate engagement
The “candidate experience”
CONCLUSION
• Opportunities are global but the reverse is true also
• Quality critical to clients
• Industry evolving faster than ever (RPO, online, technology)
• Agency workers will continue to rise
• Innovation is key
• Don’t ignore the candidate experience
….its still a great place to work
Takeaways
Maimonides' Eight Levels of Charity
(2) To give to the poor knowing to whom one gives, but without the
recipient knowing from who he received
(3) Giving anonymously to a known recipient
(4) Giving publicly to an unknown recipient
(5) Giving before being asked.
(6) Giving adequately after being asked.
(7) Giving willingly, but inadequately
(8) When one gives unwillingly
(1) The greatest level is to support someone with a gift or loan or
entering into a partnership with him or finding employment for him so that
he is no longer dependent up on other
Thank You
@petercosgrove