TalentPuzzle hosted the Recruitment Best Practice Forum on September 5th.
Optimise your Recruitment Processes to Deliver Quality Hires Faster and Cheaper.
The recruitment landscape is changing rapidly as various trends converge. The modern recruitment department needs to:
-Reduce costs
-Prove they are adding value and thinking strategically
-Use new technologies and social media to improve their processes and candidate attraction
-Help create and manage a employer brand and candidate proposition
-Reduce dependence on agencies
TalentPuzzle presents the slides used during the presentations.
4 Amazing speakers were present on the day:
Roger Philby*, The Chemistry Group
Nick Townend,LV= Liverpool Victoria
John O'Brien, Brook Street
Matt Alder, Metashift
*Roger Philby's slide will be uploaded shortly.
5. What’s The Plan?
Quick Introduction
First Bit…
Where‟s the value?
Examples
Second Bit…
What can you do?
6. £24bn
a year is spent
on managing poor
performers
Source: Future Foundation project –
Getting the Edge in the New People Economy
7. 65% of FTSE
100 HR
Directors
would not
rehire their
current
workforce
Source: Chemistry Survey 2011
8. “3 out of 4
hires for
business are
wrong!”
Source: Chartered Institute of Personnel and Development (CIPD) Report
9. Value Based Hiring
Here’s Something You Can Use…
A single
mishire costs
UK Plc 4-14x
the base
salary…
10. Value Based Hiring
Now put it with this…
% Accuracy
predicting future
success in role
Selection Methodology
CV & Interview
25%
Behavioural / Competency Interview
40%
BEI/Psychometrics/Assessment Centre
75%
BEI/Psychometrics/
Assessment Centre and shadowing
95%
Source: British Psychological Society
14. The Lexis Nexis Story
Data Gather
30% Attrition
1 in 3 new starters
failed probation
Low Performance in
sales team
Happy Place
Create a sales team
capable of selling
multi-product, new
product and multi-year
solutions
Value Statement
£1,000,000
increased revenue
from new product
and multi year deals
HR
Finance
Business
Sponsor
Measurement
Multi year:
£700K to £1,600K
New products:
£700K to £2,500K
Business Case
By investing £100,000
in building a more
accurate recruitment
process, we will deliver
£1m of value
Sales
Director
HR
Sales Director
CEO
CFO
Describing the
Value
15. Projected
£5.5m
saving (3 yrs)
What does “Great”
look like for Advisor
and Guru roles?
Values
Motivations
Behaviours
Identify Resourcing
Challenges
high volume
labour intense
measured experience, not „fit‟
New hires
delivering FAN
scores of over
91%
Value Outcomes
21. Value Based Hiring
You need to change the conversation!
How quickly do
YOU need
them?
How many
hires do YOU
need?
What
EXPERIENCE
do they need?
What budget
do YOU
have?
22. Value Based Hiring
You need to change the conversation!
What would
happen if WE
hired the wrong
people?
What would truly
great hires do for
OUR business?
What would hiring the
right people do to
OUR market
share/revenue…
What would WE be
able to do that WE
can‟t do now when we
hire the right people?
23. Here’s The Opportunity…
1. With the business, define the
employee value measurement
2. Define the WGLL that supports
this, objectively measure it
3. Decide to do it, it‟s a choice!
26. Creating and maintaining a strong employer brand through
Resourcing
Nick
Townend
Resourcing Partner
- General Insurance
LV=
27. What I`m Going To Cover Today….
Creating and maintaining a strong
employer brand through Resourcing
• How can the employer brand give you a
competitive edge
• How do you create and communicate the brand
29. What was the challenge ahead of us?
Employer brand didn`t feel fresh
30. First… A Few Numbers….
1893
2.5%5704
2009 Headcount
2012 Headcount
2008 Agency
Reliance
2012 Agency
Reliance
Average
Applications PCM
Offer Acceptance
Ratio 2012
Hires 2012
12 month CSR
Attrition Reduction
31. What did we do?
Back to the drawing board
What worked and didn`t work?
What does the brand stand for?
Why might people want to work with us?
What would cause people to engage?
How “wacky” could we go?
Our people are at the heart of our employer brand
Increasing awareness of our locations
37. Faces of LV= started to take off……
400+ photos were emailed to us
886 snaps in the photo booth
533 people in the photo booth pictures
57,000 hits across the microsite since launch
99.9% of the business visited the site
51. Introduction
Attendees
John O‟Brien – Account Director
Points Covered:
What Defines a great candidate
experience?
What are the most common
factors that give a negative
experience and how do we
mitigate them?
Changing process and
technology to improve the
candidate Journey
Impact of Social Media
52. The Importance of the Candidate
Experience
“A positive candidate experience can do wonders for
an employer brand”
“On the other hand, a negative experience can really
do some damage”
53. What Defines a Great Candidate
Experience?
Strong Communication – Expectation management
Brand Positioning – Do candidates know who you are?
How do I take my positions to market?- First impression touch points
Defined recruitment process – Highly visible to candidates
Clearly defined on-boarding strategy – Positive first impression experience
54. What are the most common factors that give a
negative experience and how can we mitigate them ?
Common Factors:
Market Representation – How you go to market
Poorly written job specifications – Misinterpretation
Poor communication - Candidate not sure of where they are in the process
Long drawn out process – Turn‟s candidates away
Mitigation:
Firstly put yourself in the candidates position!
When was the last time you applied for one of your jobs?
What are the candidates impressions of their journey?
What is your candidate experience Strategy?
55. Changing Process and Technology
To improve the candidate Journey
Improve on the social recruiting tools and platforms you are using
Optimise your companies mobile recruitment procedures
Establish a candidate care strategy
Enhanced candidate experience combing website and ATS
Enhance the candidates online experience
Is your brand clearly visible everywhere
Candidates expectations are of a seamless journey
56. Impact Of Social Media
On Recruitment
Social Media on the whole is becoming a media for work as well as play and plays a
major part in online brand perception negative and positive
Pro‟s:
- Cost Effective
- Employer Branding and retention
- Speed
Con‟s
- Lack of control
57. RWE npower and Brook Street
Enhancing the Candidate Experience
Streamlined the entry into RWE npower – Ensuring consistency and speed of hire
All candidates are briefed on what to expect and the timescales it will take – Resulting in 100% take up of
positions
All job profiles are clear and reflect the position in full
Introduced a hiring managers tool kit – Giving consistency of on-boarding
Transition services – Gave all incumbent workers confidence and better experience of engagement