targetjobs breakfast news – february 2012
TRANSCRIPT
AGENDA FOR TODAY
Welcome – Simon Rogers
The economic forecast – Bryan Finn, Business Economics Ltd. A comprehensive analysis of the macro economic factors currently affecting graduate recruitment.
Brand – Getting it Right – Wayne Hemingway MBE Factors that affect well know brands’ ability to engage target audiences, from sustainability to
design.
The employer brand – An employers’ view – Carl Gilleard, CEO, AGR
Carl looks at the challenges employers have faced and the success they have had promoting their employer brands on campus this season.
Are you an employer of choice? – Marcus Body, Head of Research, Work Group
Examination of what matters to your target audience, and what actually motivates students to choose you over a competitor.
The McJob Myth – Jez Langhorn, Vice President, People at McDonald’s Restaurants UK
Jez explores the key initiatives which have been implemented to date – and their impact on the McDonald’s brand, its workforce, and its bottom-line.
2011 – a quality year for TARGETjobs
Our 2011 marketing objectives: Improve the quality of our database to decrease the cost per hire from TARGETjobs for our recruiters.
• A million more visitors to targetjobs.co.uk, a 40% increase year on year
• 150,000 new active users added to the database, 50% from the top universities
• Increased uptake of publications at the top universities
• Employer Insights launched adding unique content to help students get hired
• Fast growing graduate recruitment social sites with a 400% increase in Facebook fans
• Investment in a new branding campaign resulting in the highest market share growth in the industry
• Sponsorship of the largest London graduate recruitment fairs from the Careers Group
Here’s to 2012!
For more statistics visit gtimedia.co.uk or speak to your Account Manager.
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
-6%
-4%
-2%
0%
2%
4%
6% GDP
Recruit
UK economy: recruitment cycle Annual % change
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
Annual % change
Target
Upper Limit
Lower Limit
UK economy: inflation
UK economy: graduate unemployment
0
2
4
6
8
10
12
14
16
18
% of workforce age 21-24
Graduates
Non Graduates
-2.0%-1.5%-1.0%-0.5%0.0%0.5%1.0%1.5%2.0%2.5%3.0%3.5%
2012
2013
Future prospects: GDP forecasts Annual % change
Who is primarily responsible for your business’s employer brand?
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Which of the following do you recognise as benefits that an effective employer brand can
give to employers?
We asked: Which of the following elements do you think students/graduates are most likely be attracted to?
1. Professional Development
2. Personal Development
3. Belief in the business
4. Work/ Life balance
5. Remuneration
6. Job Security
7. Benefits
To what extent do you think the following scenarios can damage the employer brand?
• When the business does not deliver on the promise
• Industry reputation
• Negative media coverage
• When the brand is confused e.g. different parts of the organisation with different brands
• Making people redundant
High
Very High
Moderate
Very High
Very High
Do I want a graduate job?
“I didn’t apply to any graduate schemes because…”
45% of final year students
Do I want a graduate job?
Are non-final year students planning to apply to any graduate schemes?
Only 35% have made the decision. And that’s not all
students…
How do I start?
Current applicants:
only 14% start with you
Most of those who applied began by picking a sector, or by picking a job role.
How do I start?
Future applicants:
only 8% will start with you
Most of those who will apply plan to pick a sector first, or pick a job role first.
Where will I start?
69% are going to begin in places which feature many employers, sectors and jobs.
How will they answer “why a grad scheme?”, “which sector?” or “which job?”
Joining “a community”
No Possibly Probably Definitely
Graduate careers
A grad employer
An industry
A profession
Facebook groups, membership websites or other talent communities
Graduate retention
High potentials* Male Female
1 year 92.1 % 93.4 % 92.6 %
2 years 65.4 % 72.7 % 67.0 %
3 years 42.7 % 51.4 % 43.7 %
4 years 33.4 % 43.2 % 37.5 %
*Definition of High Potentials: Outstanding academic achievement (Top 20%); Extracurricular activities; Internship within the country
The graduate path
Do I want a “graduate job” at all?
What kind?
Which one?
290,000 c.65,000
Your employer brand
The implications: I
1. Being an employer of choice is partly offering more than your immediate competitors.
2. It’s also being part of a sector that offers great careers for a lifetime.
3. It’s also being part of a community of graduate employers who offer something that competes with non-graduate jobs.
Being an “employer of choice” is a tougher challenge than having a
strong graduate brand; there are more choices than “which scheme?”
The implications: II
1. Most of your graduate recruits are going to leave. Quite rapidly.
2. You can “backfill” some with more graduates. What about the rest?
3. You are almost certainly going to be hiring from competitors.
“Successful” graduate recruitment isn’t just about you doing well;
you need your competitors to be helping your sector grab the talent.
The implications: III
1. Students are starting their decision-making journey in places where graduate employers play a minor role.
2. Both the “graduate job” proposition and your sector proposition are defined by people who can’t do it as well as you could collectively.
3. If that could change, more students would be interested enough to find out more. You’ll benefit, and they’ll benefit.
Is the time right for graduate employers to start co-operating when it’s
in their interests to do so? It’s already happening in places…
In conclusion
Students have some very big decisions, and “which employer?” is
the last one.
“Employers of choice” need to help them make all those decisions.
McJob n. an unstimulating, low-paid job with few prospects, esp. one created by the expansion of the service sector
Committed People
Customer Visits Sales Profits
Confidence
Competence
Employee Engagement Customer Loyalty Business Growth
Creating ‘fusion’
Cohesive, focused teams A sense of belonging
Flexible workforce Flexible working
Well-trained staff Recognised qualifications
Controlled wage costs Negotiated staff discounts
Meet emerging needs Develop emerging skills
Enhanced reputation Pride in the organisation
Committed People
Customer Visits Sales Profits
Commitment 77% 90% 2004 2011
Competence 86% 95% 2004 2011
Confidence 68% 86% 2004 2011
Business impact
Employee Engagement Customer Loyalty Business Growth