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Staying Power: How to Hire and Retain Great Talent

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Staying Power: How to Hire and Retain Great Talent

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Staying Power: How to Hire and Retain Great Talent

  1. 1. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent
  2. 2. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent Todd Grierson Head of Industry Insights BambooHR Jan Choi Senior Recruiter Jobvite
  3. 3. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent Employees’Wandering Eye
  4. 4. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent 64% ofemployeesaresatisfiedatwork (64%)—but82%ofthemareopento newjobopportunities. Jobvite, 2017 Job Seeker Nation Study
  5. 5. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent 50% ofemployeeshadatleastoneinterview inthelastyeartoexploreoptionsorget experience—withnointentionof leavingtheircurrentjobs. Jobvite, 2017 Job Seeker Nation Study
  6. 6. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent The “hyper-hopper” trend: Half of the workforce is expected to change jobs at least every 5 years. Jobvite, 2017 Job Seeker Nation Study
  7. 7. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent Hiring Great Talent
  8. 8. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent • Determine the difference between an average employee and an exemplary employee. • Identify your ”regrettable” and ”non-regrettables.” • The talent you need depends on your business needs. • Within every step of the recruiting process, make sure you’re evaluating employees against your needs assessment and company values. Defining Great Talent
  9. 9. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent 59% ofjobseekersresearchcompanies’ website,socialmedia,andreviewsto gaininsightontheiremployerbrand andculture. Jobvite, 2016 Job Seeker Nation Study
  10. 10. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent
  11. 11. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent • Take the initiative to build a brand. Recruiters and HR can build this, not just execs, marketing, etc. • It requires a lot of active management. • Branding is everything. It’s where the advertising and showmanship hits the pavement. • Be honest. Do a gut check with your brand and what you’re telling candidates on your career site and in the interview. Branding Takeaways
  12. 12. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent ClicktoApplyRate Job Titles
  13. 13. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent ClicktoApplyRate Job Descriptions
  14. 14. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent • Only provide information that will educate applicants without overwhelming them. • Talk to your sourcers. If there’s a new job title on the rise or a variation, they’ll know it. • Be consistent. Reflect your employment brand in your descriptions and even into your follow up emails. Job Description Takeaways
  15. 15. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent 47% ofjobseekerssayinterviewshavethe biggestimpactintheirimpressionofa job. Jobvite, 2017 Job Seeker Nation Study
  16. 16. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent 53% ofcandidatessaidtheinterviewwiththe hiringmanagerhadthebiggestimpact ontheirinterviewexperience. LinkedIn, Talent Trends 2015
  17. 17. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent • Sit down with your hiring managers to set realistic hiring timelines and interview expectations. • Pre-assigned interview topics for each interviewer. • Collect hiring team feedback immediately. • Follow up with a candidate within 24 hours of the interview. • Beat the Glassdoor Reviews. Ask your candidates for feedback immediately after the interview. Interviewing Takeaways
  18. 18. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent 72% ofrecruitersareinvolved inintegrating newhiresintothecompany Jobvite, 2016 Recruiter Nation Study
  19. 19. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent • 72% of recruiters are involved in integrating new hires into the company. (Jobvite, 2016 Recruiter Nation Study) • Recruiters need to sit down with HR and address the grey area where recruiting ends and HR begins. • Set up a 30, 60 and 90 day plan to get new hires up and running. • Educate and introduce them to the right points of contact. Onboarding Takeaways
  20. 20. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent Retaining Great Talent
  21. 21. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent Thecostofreplacinganemployee isbetween16to213%of theirannualsalary,dependingontheirspecialtyand experience. —TheSocietyforHumanResourceManagement(SHRM)Research “ ”
  22. 22. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent Costs of Disengagement • Unengaged employees leaving your organization • Actively disengaged employees work against your organization • Gallup finds that disengaged employees are more likely to steal, negatively influence coworkers, miss work, and complain to customers • Gallup estimates that actively disengaged employees cost the U.S. $483 billion to $605 billion each year in lost productivity.
  23. 23. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent Minimize Regrettable Turnover Only
  24. 24. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent Workplace Deal Breakers Revealed
  25. 25. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent
  26. 26. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent
  27. 27. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent
  28. 28. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent How to Avoid These Pitfalls
  29. 29. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent
  30. 30. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent
  31. 31. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent
  32. 32. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent Recruitingpostsandpagesareoftenaspirational—tothe extentofbeingdishonest—whichdoesyouadisservice inthe longrunbecauseyougetpeoplewhoarethendisappointed whentherealitydoesn’tmatchtheadvertisement. —JoelGrossman,COO,LocationLabs “ ”
  33. 33. Quirk: Noun (plural quirks), an idiosyncrasy; a slight glitch, mannerism;something unusual about the manner or style of something or someone Your Company Your Name 1.0 QUIRKS BLUEPRINT BLUEPRINT TO [NAME] AND [HIS/HER] QUIRKS EXAMPLE QUIRK Add a description of your quirk! 1 2 3 4 5 6 87
  34. 34. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent
  35. 35. bamboohr.com 1-866-387-9595 Staying Power: How to Hire and Retain Great Talent
  36. 36. bamboohr.com 1-866-387-9595 Staying Power: How to Hire and Retain Great Talent
  37. 37. bamboohr.com 1-866-387-9595 Staying Power: How to Hire and Retain Great Talent Group 1 1. Personal Motivation 0/12 Washed Hands
  38. 38. bamboohr.com 1-866-387-9595 Staying Power: How to Hire and Retain Great Talent Group 2 1. Personal Motivation 2. Change the Environment 0/12 Washed Hands
  39. 39. bamboohr.com 1-866-387-9595 Staying Power: How to Hire and Retain Great Talent Group 3 1. Personal Motivation 2. Change the Environment 3. Deliberate Practice 3/12 Washed Hands
  40. 40. bamboohr.com 1-866-387-9595 Staying Power: How to Hire and Retain Great Talent Group 4 1. Personal Motivation 2. Change the Environment 3. Deliberate Practice 4. Peer Pressure 11/12 Washed Hands… Why?!
  41. 41. bamboohr.com 1-866-387-9595 Staying Power: How to Hire and Retain Great Talent
  42. 42. bamboohr.com 1-866-387-9595 Staying Power: How to Hire and Retain Great Talent
  43. 43. bamboohr.com 1-866-387-9595 Staying Power: How to Hire and Retain Great Talent
  44. 44. bamboohr.com 1-866-387-9595 Staying Power: How to Hire and Retain Great Talent
  45. 45. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent
  46. 46. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent 5 Tips to Keep Your Best People 1. Build a strong culture 2. Get people in the right seat on the bus 3. Set clear (and not inflated) expectations 4. Influence leaders’ worldview on talent 5. Listen to your new hires
  47. 47. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent Follow BambooHR and Jobvite on social media: bamboohr.com/blog | jobvite.com Thank you!
  48. 48. bamboohr.com jobvite.com Staying Power: How to Hire and Retain Great Talent BambooHR See a live demo of Jobvite and receive a free “Eat Sleep Recruit” t-shirt! Jobvite Reach out to recruit@jobvite-inc.com for more details. Questions? Receive our full HRIS for one week. We will contact everyone within a few days to set this up.

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