Is Your Company REALLY Ready to Leverage Sourcing and Candidate Relationship Management Technology? An Webcast.

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Presentation transcript:

Is Your Company REALLY Ready to Leverage Sourcing and Candidate Relationship Management Technology? An Webcast

© Copyright 2012 ADP, Inc. Proprietary and Confidential Information 2 Agenda  Introduction  The Changing Face of Talent Acquisition  Strategic Implications of Sourcing and Candidate Relationship Management (CRM)  Organizational Preparedness  Conclusion

About ADP Automatic Data Processing, Inc. (ADP) is one of the world’s leading providers of technology-based outsourcing solutions  570,000 clients and 55,000+ associates doing business in over 60 countries worldwide  Providing expert outsourced employer services to small, mid-size and large employers for over 60 years; over 30 years internationally  Fortune 500 /#265 Revenue, #96 Profits; Revenue = Approx. $10 B  Provide services to over 50 million employees internationally  Pay one-in-six private sector employees in the U.S. and serve more than 10 million employees outside the U.S.  Serves 40+% of the North America auto/truck retailers  1 of 4 companies AAA rated by Standard & Poor’s and Moody’s  Ranked #1, Fortune’s Most Admired Companies, 2010 (Financial Data Services sub-category) © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 3

4 Introduction

© Copyright 2012 ADP, Inc. Proprietary and Confidential Information 5 Ready in 90 days Pick Me! Ready Now Who are you? Happy where I am

Current Job Seeker Trends Decreasing job seeker loyalty 61% of today’s employed workforce are open to OR looking for new opportunities Growing preference for self employment 50% of new college graduates believe self employment is more secure than full time work. Emergence of social networking / mobile to foster relationships The majority of today’s relationships (including careers) begin through social networks. Continued shortage of skills-based workforce By 2015, 60% of today’s jobs will require skills held just by 20% of today’s population. © Copyright 2011 ADP, Inc. Proprietary and Confidential Information 6 Sources: BLS & JobVite.com

Companies Are Not Hiring The Same Anymore © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 7 But the process of bringing the right people into the organization is not any easier  Disconnected, distributed process  Compliance regulations  Proliferation of new technologies The strategic importance of talent acquisition has been driven by several factors  The return of “the war for talent”  Talent mismatch  Driving efficiencies and effectiveness

Today’s Recruiter’s Profile © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 8 THEN… reactive in nature, responding to vacancies in real time NOW…proactive, just-in-time talent  Marketing awareness (trends, branding)  Financial acumen & metrics  Sales ability-pipeline management, forecasting  Relationship building  Partnering-inside and outside organization  Social media-new way to talk  Technologist

© Copyright 2012 ADP, Inc. Proprietary and Confidential Information 9 The Talent Lifecycle

The Sales Profession © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 10 New competencies and tools have advanced the sales profession-there are lessons to be learned  Understanding the benefit his/her service or product delivers to the client (The Value Proposition)  Tools and processes that increase visibility to, and identification of, prospects (Sourcing)  Leverage best practices to build relationships with prospects (Relationship Management)  The balance of prospects in all stages of a sales process to assure continued success (Pipeline Management)  Reliance upon metrics across the sales process to confidently predict performance (Forecasting) SOUND FAMILIAR?

Breadth of Your Sourcing Toolkit © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 11 Sourcing is the process of identifying candidates through multiple channels, and creating an actionable, dynamic profile in order to match against ALL opportunities, now and in the future Job Boards Career Portals Employees and Referrals Events Web Search Social Networks

Resume Aggregator with Universal Search © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 12

Candidate Relationship Management (CRM) Candidate relationship management is a set of interactions, captured in a single place, enabling candidates to understand your organization, and you to understand their capabilities SKILLS COMPETENCIES EXPERIENCES DESIRES/OBJECTIVES SATISFACTION TIMING PERFORMANCE Communities Vacancies Future

Candidate Relationship Management (CRM)

Where To Start! © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 15

Does It Really Need To Be That Complex? © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 16 What are we fishing for? Where should we drop our line? Do I have the right equipment and expertise? How do I separate the “keepers”, the “throw- backs” and the ones to “keep on ice”?

Define the critical needs of your organization © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 17 What are we fishing for? We need to understand… Employee retention, turnover, and satisfaction metrics Recruiting metrics-time to hire, cost per hire, etc. Profiles of top performers Strategic plans which impact staffing levels So we can develop… Sourcing Plan What is needed? When they are needed? Competency Framework for each department / position Organizational Agreement

Identify your best sources for required talent © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 18 We need to understand… Where your talent hangs out? Career sites, job boards Social sites Trade events Blogs Competition How and when to communicate with job seekers So we can… Create search queries Craft compelling messages to engage talent Understand how talent thinks Engage and cultivate relationships Where should we drop our line?

Equip your team with the right tools and expertise © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 19 We need to understand… The skill sets of your talent acquisition team What’s in your recruiting toolbox? Source effectiveness metrics The demands of sourcing and candidate relationship management So we can… Refine staffing organization and structure Invest in the right in- house and/or outsourced technologies & services Prepare the organization for the rigors of sourcing and candidate relationship management Do I have the right equipment and expertise? And if we don’t have the right tools?

© Copyright 2012 ADP, Inc. Proprietary and Confidential Information 20 “You’re Gonna Need a Bigger Boat!” Jaws, 1975

Create a collaborative/ 360-degree partnership with key stakeholders © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 21 We need to understand… Active vs. passive Match vs. Mis-match Current need vs. future need Alignment of talent with job/position expectations How do I separate the “keepers”, the “throw- backs”, and the ones to keep “on ice”? America’s Deadliest Catch So we can… More effectively hone in on the finalists, and not make critical hiring mistakes Increase enterprise awareness of what is going on well, and what are still issues Effectively measure individual and team performance Target talent communities with the right message

Leverage metrics to identify the impact of sourcing strategies Carefully select tools that help reach talent and enrich relationships Summary © Copyright 2012 ADP, Inc. Proprietary and Confidential Information 22 Recognize the fundamental changes in talent acquisition Assure the readiness of your company Continually refine and promote the process

© Copyright 2012 ADP, Inc. Proprietary and Confidential Information 23 Questions? Jack Coapman VP Marketing ADP Talent Solutions