Eric Winegardner, VP of Client Adoptions for Monster.com- "Placement and Recruiting Issues to Confront Our Surging Enrollments"

1. Placement & Recruiting
Issues to Confront
Surging Enrollment
Pearson Learning Solutions Summit
PRESENTED BY:
Eric Winegardner
VP, Client Adoption
December 9, 2009

2. Who is this guy?
Self-proclaimed Recruiting Dork
Ran US Recruiting for Fortune 500 Financial Services Co
“The Monster Guy”
> VP, Client Adoption
• Post Sale Client Training
• Consulting Services
> Brand Ambassador
• Traditional and Social Media
Study and attempt to redefine the World of Work
© 2009 Monster Worldwide

3. Agenda
Current Employment Landscape
Attempt to Foresee the Future
Opportunities around Placement
Open Forum Q&A
ATTEMPT to steer clear of Social Media
> Leave that to Juliette Powell!
© 2009 Monster Worldwide

4. Macro Economic Indicators

5. National Unemployment Rate
• 10.0% in November, 15.4 million jobless individuals
• 38.4% unemployed longer than 27 weeks, 5.9 million
© 2009 Monster Worldwide

6. Monthly Payroll Growth
© 2009 Monster Worldwide

7. Payroll Employment Growth
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8. Monster Employment Index (MEI)
© 2009 Monster Worldwide

9. November MEI Data
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10. November MEI Data
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11. Full Reports Available Online at:
www.hiring.monster.com
Resource Center – Market Intelligence
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12. Jobs Lost and Gained During Recession
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13. Shrinking Sectors
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14. Growing Sectors
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15. Projected Occupation Growth 2006-2016
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16. Projected Occupational Growth 2006-2016
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17. Projected Occupational Growth 2006-2016
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18. What’s Missing?
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19. What’s Missing?
The GREEN JOBS Movement!
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20. Green Jobs
How many of you are focused on this area?
What IS a Green Job?
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21. Green Jobs
One of the most debated topics in our Industry
American Recovery & Reinvestment Act
> $80 Billion set aside for Clean Energy Investments
> $600 Million in Job Training around Green Industry
Excellent Source of Information
> O*Net Report
• Greening of the World of Work: Implications for O*NET-SOC and
New and Emerging Occupations
• 119 pages of light reading on definitions of Green Jobs
• Cliff Notes: Appendix F: New & Emerging Occupations (91)
http://www.onetcenter.org/reports/Green.html
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22. Question: True/False
There are currently 6 unemployed
people for every available job?
Answer: TRUE
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23. Question: True/False
There needs to be GROWTH in order
to have Placement?
Answer: FALSE
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24. Your Graduates MUST Compete for Jobs!
It’s the new reality in the World of Work
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25. Question: Essay
Is this good or bad?
Answer: Discuss
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26. Research by Monster &
Human Capital Institute (HCI)

27. Recent Research with the Human Capital Institute (HCI)
May/June 2009 survey of over 700 companies and
nearly 5,000 active & passive job seekers.
What’s the impact of the current recession on work and the workforce?
How can you capitalize on shifts in employee attitudes?
2009 Monster © and Human Capital Institute ©

28. Where the 21st century is headed. . . .
2009 Monster © and Human Capital Institute ©

29. Employer Perspectives

30. What employers told us . . .
A quarter of companies have cut their
low-performing product lines
16% have closed plants or offices
More than half of companies have cut
their budgets across the board
61% cut budgets in specific business units
Only 38% have taken advantage of the
talent available in the market for selective
new hiring.
2009 Monster © and Human Capital Institute ©

31. Employers are feeling the recession . . .
67% have decreased or
eliminated wage increases
and bonuses
43% have implemented
layoffs
44% have implemented a
hiring freeze
2009 Monster © and Human Capital Institute ©

32. Like HR, workforce programs are relatively less affected
2009 Monster © and Human Capital Institute ©

33. Will the composition of the workforce change to
include more contractors?
28% of employers predict more use of
contractors and interim executives, only
half as many (14%) foresee fewer
34% of worker respondents expressed
an increased likelihood that they would
consider leaving their jobs to start their
own business or become an
independent contractor
30% reported that their interest in being
a free agent has diminished due to the
recession
2009 Monster © and Human Capital Institute ©

34. Both employers and workers are concerned about top
performers leaving the organization
Employers
Workers
More or less concerned “Some top performers are
about top talent attrition leaving, causing me concern”.
.
2009 Monster © and Human Capital Institute ©

35. Job Seeker Perspectives

36. Worker perceptions of the future have changed
Employers have benefited from the swing of
the labor market pendulum
> Young workers will accept lower level jobs
> Workers believe in a non-traditional retirement
> Most workers are over stressed and fearful
> Many employees are working harder and feel
it is mandatory to keep their job
Employers do face heightened attrition risk
Pay remains the dominant motivation
regardless of the economy
2009 Monster © and Human Capital Institute ©

37. Workers expect the workforce will change significantly
due to the recession
Workers’ Views on a Changing Workforce
Neutral
2009 Monster © and Human Capital Institute ©

38. Workers expect compensation, including base pay,
benefits, career advancement and retirement to be
impacted significantly
Workers Expectations on Compensation and Career Advancement
2009 Monster © and Human Capital Institute ©

39. Today, employees may be “just happy to have a job” …
“Just HAPPY to have a job”
2009 Monster © and Human Capital Institute ©

40. … and most may be working harder …
How has the recession impacted your attitudes and behaviors toward your job
and career in terms of Work Overload caused by layoffs? – Working Harder?
2009 Monster © and Human Capital Institute ©

41. More employees are
searching for jobs elsewhere …
. . . And are less productive
2009 Monster © and Human Capital Institute ©

42. The recession has changed their attitudes toward
their employers
The leadership appears to be less The leadership is less The leadership is inclined to use
concerned about employee retention tolerant of dissent and worker insecurities to drive longer
than prior to the recession challenges to its authority hours, lower pay or other concessions
2009 Monster © and Human Capital Institute ©

43. This translates into what we believe is a new “normal” for
employers . . .
2009 Monster © and Human Capital Institute ©

44. What does this mean in a recovery?
Mass exodus of employees, new opportunities for your
graduates!
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45. How will YOU capitalize on this new “normal?”
Treat Employees as “Consumers of Work”.
© 2009 Monster Woldwide

46. Questions?
© 2009 Monster Worldwide

47. Thank You!
Eric Winegardner
VP, Client Adoption
eric.winegardner@monster.com
ewmonster
© 2009 Monster Worldwide