rib report "a recruiters guide to surviving the downturn"
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A Recruiters Guide to Surviving the Downturn" by Nigel Harse - RIB ReportTRANSCRIPT
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ITCRA:
“A recruiters guide to
surviving the downturn”
September 2009
(C) www.ribreport.com.au September 2009
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The Trends
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“Economists have correctly
predicted nine of the last
five recessions”
Nobel laureate Paul Samuelson
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Lead indicators are
becoming positive again…
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Two quarters of decline followed by
one quarter of stabilised activity
40 to 50% decline on levels of last year
15
20
25
30
35
40
45
50
03
-04
Q1
Q2
Q3
Q4
04
-05
Q1
Q2
Q3
Q4
05
-06
Q1
Q2
Q3
Q4
06
-07
Q1
Q2
Q3
Q4
07
-08
Q1
Q2
Q3
Q4
08
-09
Q1
Q2
Q3
Q4
Perm invoiced by quarter RIB Avg
(C) www.ribreport.com.au September 2009
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Anticipate and deal with pressure on
placement fees…
$4,000
$4,500
$5,000
$5,500
$6,000
$6,500
$7,000
$7,500
$8,000
03-0
4 Q
1Q
2Q
3Q
404-0
5 Q
1Q
2Q
3Q
405-0
6 Q
1Q
2Q
3Q
406-0
7 Q
1Q
2Q
3Q
407-0
8 Q
1Q
2Q
3Q
408-0
9 Q
1Q
2Q
3Q
4
Perm Avg Fee by Quarter RIB Avg
08-09 RIB Average placement fee
Q1 $7,800Q2 $7,400 a fall of 5% on
Q1Q3 $6,450 a fall of 13% on
Q2Q4 $6,160 a fall of 4% on
Q3
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Before initiating
recruiting for any
position, take the time to
help the hiring manager
to define MOM
MOM Improves Recruiting..
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Mission - The main purpose for
which the position exists
Objectives - Specific and
measurable deliverables that the
employee will be responsible for
Metrics - The specific measures
associated by which the
employee's performance is
going to be judged
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Expect growth on Perm vacancies Q1 2010?
Expect good growth in Contracting demand - NOW
Expect more Contract to Perm conversions - NOW
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Q1
03
/04
Q3
Q1
04
/05
Q3
Q1
05
/06
Q3
Q1
06
/07
Q3
Q1
07
/08
Q3
Q1
08
/09
Q3
RIB AVG - Long term GP trends Temp & Contract Gross profit
Perm Gross Profit
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Average productivity fell 17% last year
Expect pressure to get your results back up…
$2.00
$2.20
$2.40
$2.60
$2.80
$3.00
$3.20
03 -
04
04 -
05
05 -
06
06 -
07
07 -
08
08 -
09
$2.97 $2.93 $3.01$2.86
$2.96
$2.44
Return on Income Producers salary package
GP per $1 Income Producer
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Be prepared to Measure,
Manage and PERFORM…
Honest advice from someone who
has been in your shoes…
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Those consultants who measure
their activities and understand
their efficiencies will be able to
identify the true performance
problems they are encountering…
Set yourself efficiency targets…
Ask more of yourself than others
expect…
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Learn from the TOP PERFORMERS –
LOOK, LISTEN and then start TRYING…
Don’t keep doing what you are doing
and expect different results…..
Set yourself realistic goals that will keep
you on track and motivated, then
persevere until you achieve them..
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3 of the most critical conversion
rates that you SHOULD know: Job fill rate
Candidate placement rate
Prospective clients converted to clients
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Focus on Value-add
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Maximise your contribution
There are many components of the
recruitment process
Actively focus on the core value-add
components
Usually client and candidate interactions
Need to dominate your 9-5 thinking
Other components are important
but are not what make you critical and
valuable to your clients or your organisation
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The small stuff is important!
Fewer jobs, more candidates
Clients and candidates have more options
Hungry competition
In this market the small stuff is important
Pay special attention to how your actions will be
perceived by the recipient:
Return phone calls
Well prepared communication
Value-added service, not lip-service
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Lessons Learnt
The best companies are born and
developed in downturns
The lessons of a downturn are
necessary for success
Unselfish concern (altruism) for all
the stakeholders leads to personal
reward
Change is constant; yesterday is
gone and will not return(C) www.ribreport.com.au September 2009
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Thank you!
Look on each day as an opportunity to create your own future..
(C) www.ribreport.com.au September 2009