how to measure & improve quality of hire [webcast]
TRANSCRIPT
How to Measure & Improve
Quality of Hire
©2013 LinkedIn Corporation. All Rights Reserved.
“How to Measure & Improve Quality of Hire”
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Introducing…
Lou Adler CEO & Founder
The Adler Group
Lou Adler is the CEO and founder of The Adler Group – a training and search firm helping companies implement
Performance-based Hiring℠. Adler is the author of the Amazon top-10 best-seller, Hire With Your Head (John Wiley & Sons,
3rd Edition, 2007). His most recent book has just been published, The Essential Guide for Hiring & Getting Hired (Workbench,
2013). He is also the author of the award-winning Nightingale-Conant audio program, Talent Rules! Using Performance-based
Hiring to Build Great Teams (2007).
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Agenda
① Importance of Feedback
② Measuring Quality of Hire
③ Sourcing in the Talent Sweet Spot
④ Creating the Career Move
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REROUTING
1 2 4
Feedback Process Control System
#hiretowin
3
Performance-based Hiring
1997
2002
2007
2005 2013 Predictive Analytics
Feedback Process
Control
#hiretowin
Performance-based Hiring
Surplus vs. Scarcity?
1997
2002
2007
2005 2013 Predictive Analytics
Feedback Process
Control
#hiretowin
Top Traits of Top People
Measuring Quality of Hire
1
Consistently
exceeds expectations!
2
Coaches, manages,
develops self/others
3
Leadership:
Vision plus execution
4
Breadth and depth
of thinking skills
5
Flexible, deals with change,
manager, culture
6
Gets it done–
no excuses! #hiretowin
Performance-based Hiring Job Fit Indexsm
Quality of Hire
Talent Predictor
Talent
Basic Skills Experience
Ability
Quality & Trend of Growth
Team & Individual Achiever Pattern
Career Move
Job Fit Intrinsic
Motivators
Managerial, Team &
Cultural Fit
Track Record of
Comparable Results
©2015 All Rights Reserved. The Adler Group, Inc. #hiretowin
A If B C predicts Quality of Hire
Big Data: Predictive & Control
#hiretowin
A If B C predicts Quality of Hire
A You need to track and control B C
Big Data: Predictive & Control
#hiretowin
Pre-Hire
Predictors of
QoH
A If B C predicts Quality of Hire
A You need to track and control B C
Big Data: Predictive & Control
#hiretowin
Pre-Hire
Predictors of
QoH
Workforce
Planning
A If B C predicts Quality of Hire
A You need to track and control B C
Big Data: Predictive & Control
#hiretowin
Pre-Hire
Predictors of
QoH
Workforce
Planning
Sourcing &
Recruiting
Funnel
Yield
A If B C predicts Quality of Hire
A You need to track and control B C
Big Data: Predictive & Control
#hiretowin
Pre-Hire
Predictors of
QoH
Workforce
Planning
Sourcing &
Recruiting
Funnel
Yield
Role
of Hiring
Manager
and Team
A If B C predicts Quality of Hire
A You need to track and control B C
Big Data: Predictive & Control
#hiretowin
Pre-Hire
Predictors of
QoH
Workforce
Planning
Sourcing &
Recruiting
Funnel
Yield
Role
of Hiring
Manager
and Team
The Process
Interview
The CX
NPS
A If B C predicts Quality of Hire
A You need to track and control B C
Big Data: Predictive & Control
#hiretowin
Pre-Hire
Predictors of
QoH
Workforce
Planning
Sourcing &
Recruiting
Funnel
Yield
Role
of Hiring
Manager
and Team
The Process
Interview
The CX
NPS
A If B C predicts Quality of Hire
A You need to track and control B C
Maximize Quality of Hire & Efficiency
Predict Measure Achieve Plan Control ● ● ● ●
Big Data: Predictive & Control
#hiretowin
Predictive Analytics &
Feedback Process Control
Candidates
per Hire
< 4
Passive to Active
Sourcing Mix
> 2:1
1st Contact
Funnel Yield
>80%
Pre-hire Talent
Scorecard
Quality
of Hire
CX NPS
>50%
Present / Meet
>90%
Maximize Quality of Hire & Efficiency
Predict Measure Achieve Plan Control ● ● ● ●
#hiretowin
31%
35%
17%
3%
57%
48%
63% 64%
1%
7%
13%
25%
11% 10% 7% 8%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Under/Unemployed: Active Employed: Active Employed: Tiptoer Employed: Passive
Apply
Networking
Internal
Other
How People Get Jobs
Source by Job-hunting Status
©2015 All Rights Reserved. The Adler Group, Inc. #hiretowin
31%
35%
17%
3%
57%
48%
63% 64%
1%
7%
13%
25%
11% 10% 7% 8%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Under/Unemployed: Active Employed: Active Employed: Tiptoer Employed: Passive
Apply
Networking
Internal
Other
How People Get Jobs
Source by Job-hunting Status
5–15% 15–20% 65–75%
©2015 All Rights Reserved. The Adler Group, Inc. #hiretowin
Size of the Talent Market
31%
35%
17%
3%
57%
48%
63% 64%
1%
7%
13%
25%
11% 10% 7% 8%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Under/Unemployed: Active Employed: Active Employed: Tiptoer Employed: Passive
Apply
Networking
Internal
Other
How People Get Jobs
Source by Job-hunting Status
5–15% 15–20% 65–75%
©2015 All Rights Reserved. The Adler Group, Inc. #hiretowin
Size of the Talent Market
Sourcing in the Talent Sweet Spot
Surplus vs. Scarcity?
#hiretowin
Sourcing in the Talent Sweet Spot
Surplus vs. Scarcity?
#hiretowin
10X
Sourcing in the Talent Sweet Spot
SEQ
Surplus vs. Scarcity?
#hiretowin
20–30X
10X
Sourcing in the Talent Sweet Spot
SEQ
Performance Qualified
Active
Not Apply
Surplus vs. Scarcity?
#hiretowin
50–100X
20–30X
10X
Sourcing in the Talent Sweet Spot
Performance Qualified Passive Not Apply
SEQ
Performance Qualified
Active
Not Apply
Surplus vs. Scarcity?
#hiretowin
50–100X
20–30X
10X
Sourcing in the Talent Sweet Spot
Performance Qualified Passive Not Apply
SEQ
Performance Qualified
Active
Not Apply
Surplus vs. Scarcity?
Candidates
per Hire
< 4
#hiretowin
Sourcing in the Talent Sweet Spot
Follow-the-Leader Strategy
Find-Apply-Weed Out
Transactional
Ill-defined Lateral Jobs
Cost and Efficiency
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Sourcing in the Talent Sweet Spot
Follow-the-Leader Strategy Raise the Talent Bar Strategy
Find-Apply-Weed Out Reach Out and Nurture
Transactional Consultative Recruiting
Ill-defined Lateral Jobs Career Moves
Cost and Efficiency ROI and Quality of Hire
#hiretowin
Creating the Career Move
#hiretowin
Creating the Career Move
Indirect • Skills
• Experience
• Academics
• Industry
• Competencies
• Responsibilities
Job Description
Having skills
#hiretowin
Performance Qualified
Creating the Career Move
Indirect • Skills
• Experience
• Academics
• Industry
• Competencies
• Responsibilities
Job Description
Performance Profile
Clarify Expectations
• Grow sales by 10%
• Launch new product line
• Build a team in 90 days
• Evaluate the process
• Prepare a plan for ___
• Develop product spec
• Design a circuit
Having skills
Direct
Delivering
results
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LinkedIn Talent Solutions
You &
Company Top Candidates
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Targeted Media
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Content Updates
BUILD ENGAGE RECRUIT
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Grow your team
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You &
Company Top Candidates
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Targeted Media
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Content Updates
BUILD ENGAGE RECRUIT
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Recruiter
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Ads
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Job Slots Recruiter
Grow your team
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Consultative Recruiting
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Criteria to Engage
Consultative Recruiting
Recruiting Passive Candidates
Title
Company
Compensation
Location
Job
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Criteria to Engage Criteria to Accept
Consultative Recruiting
Recruiting Passive Candidates
Title
Company
Compensation
Location
Job
Career Opportunity
Job and Impact
Hiring Manager
Team
Compensation
Work / Life Balance
Company, Culture,
Mission
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Criteria to Engage Criteria to Accept
Consultative Recruiting
Recruiting Passive Candidates
Title
Company
Compensation
Location
Job
Career Opportunity
Job and Impact
Hiring Manager
Team
Compensation
Work / Life Balance
Company, Culture,
Mission
Day 1 Year 1 and Beyond!
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Consultative Recruiting – Warmup for Needs Analysis
Recruiting & Hiring Passive Candidates
#hiretowin
Consultative Recruiting – Warmup for Needs Analysis
Recruiting & Hiring Passive Candidates
#hiretowin
LinkedIn Talent Solutions
You &
Company Top Candidates
# F
oll
ow
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Career Pages
Targeted Media
Employee Ads
Content Updates
BUILD ENGAGE RECRUIT
Relevant Jobs
Recruiter
Work With Us
Ads
Career
Pages
Job Slots Recruiter
Grow your team
Recruiter
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Consultative Recruiting – Warmup for Needs Analysis
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Using Short-term Information
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Feedback Process Control
& Consultative Recruiting
Performance-based Hiring
Talent Sweet Spot
Surplus vs Scarcity
Performance Qualified
Sourcing Talent Sweet Spot
Consultative Recruiting
#hiretowin
…Your work on performance-based hiring is a
genuine bright spot…I am blown away by how closely
your ideas map to the new science. I actually think
performance-based hiring is the secret sauce to getting
not only better talent management, but also to being able
to ensure that we live up to our promise of opportunity in
the 21st century.
Todd Rose, Harvard Professor, Director
Center for Individual Performance, Author of The End of Average
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LinkedIn Talent Solutions offers a full suite of
tools to help you find, attract, and hire top
candidates. Contact us to learn more.
Call
855-655-5653
or visit
bit.ly/contacttalentsolutions
Lou Adler
CEO & Founder
The Adler Group
Linkedin.com/in/louadler
Let’s connect!
#hiretowin