how job satisfaction drives the job hunting process

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Getting Ready for the New Worldwide War for Talent Based on Lou Adler’s Hire With Your Head (John Wiley & Sons, 2007)( ©2009. All Rights Reserved. The Adler Group, Inc. www.adlerconcepts.com How Job Satisfaction Drives the Job Hunting Process

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ERE Webinar from 9/2/2009, presented by Lou Adler.

TRANSCRIPT

Page 1: How Job Satisfaction Drives the Job Hunting Process

Getting Ready for the New Worldwide War for Talent

BasedonLouAdler’s

HireWithYourHead(JohnWiley&Sons,2007)(©2009.AllRightsReserved.TheAdlerGroup,Inc.www.adlerconcepts.com

How Job Satisfaction Drives the Job Hunting Process

Page 2: How Job Satisfaction Drives the Job Hunting Process

Developing a Recruiting Plan

Hiring Strategy and

Planning

Job Satisfaction

Early-bird Strategy

Employment Churn

Page 3: How Job Satisfaction Drives the Job Hunting Process

A Recession-driven Business Cycle Typical Corporate Reactions 1.  Reduce hiring, tighten spend 2.  Freeze hiring, significant $$ cutback 3.  Minor RIF, major $$ cutback 4.  Major RIF, enormous $$ cutback 5.  Reevaluate & realign based on plan 6.  Revise the business plan & strategy 7.  Reorganize & process reengineering 8.  Restructure to meet new economic

conditions

9. Mad Scramble!

Page 4: How Job Satisfaction Drives the Job Hunting Process

Employment Churn

 A trickle of new jobs starts an avalanche of voluntary turnover.

 Companies then scramble to fill these unexpected replacement hiring needs.

 Leads the pickup in total employment.

Key Indictors •  Job satisfaction starts

declining •  Job hunting feeler activity

picks up

Cause •  As opportunities to meet

pent-up demand arise, interest accelerates

Page 5: How Job Satisfaction Drives the Job Hunting Process

The Fully-employed Aren’t Looking

Page 6: How Job Satisfaction Drives the Job Hunting Process

The Early-bird Sourcing Strategy

Explorers Tiptoers Googlers Networkers Hunters

Early‐birds Le4overs

Prospect Talent Pool

Page 7: How Job Satisfaction Drives the Job Hunting Process

How Satisfied are the Employed?

Page 8: How Job Satisfaction Drives the Job Hunting Process

Is an Inflection Point Near?

-

5

10

15

20

25

30

35

40

45

50

Extremely Satisfied Satisfied Neither/Nor Unsatisfied Extremely Unsatisfied

Pece

nt o

f Tot

al

Level of Satisfaction

Changes in Job Satisfaction

Total

July 15- Aug 14

Aug 15-30

Page 9: How Job Satisfaction Drives the Job Hunting Process

Changes in Attitude

78%

57% 51%

18% 20%

34% 38%

63%

0% 5% 7%

15%

Early August 2009 Late August 2009 Early August 2009 Late August 2009

Extremely Satisfied Satisfied

The Most Satisfied are Starting to Consider Options

Absolutely Not Looking Would Consider Something if Called Slightly Looking

Page 10: How Job Satisfaction Drives the Job Hunting Process

SuperPassive

Explorers TiptoersGooglers

GooglersNetworkers

NetworkersHunters

Is Employment Churn Ready to Accelerate?

Page 11: How Job Satisfaction Drives the Job Hunting Process

The Early-bird Sourcing Strategy

“How long have you been looking? Be called first – Be found first – Day “-1” Use CRM for nurturing Allow for “just talking” – Don’t force “apply”

Action Plan •  Track survey •  Get resources •  Build pipelines •  Eliminate

hurdles •  Determine

hiring ROI

Page 12: How Job Satisfaction Drives the Job Hunting Process

Next Steps

•  Audit Mod 1 of Recruiter Boot Camp – Sept 4

•  Receive Hiring ROI Whitepaper –

•  Take & track survey results – budurl.com/survey2 –  [email protected]

•  Join Recruiter’s Wall Blog and comment on all of this stuff: recruiterswall.com