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Top Sources of Hire 2015A Look at the Definitive Report on Talent
Acquisition Strategies
Amber Hyatt, SPHR
Sponsored by:
Roll Out the RedCarpet® Experience
Talent Acquisition
Talent Development
Talent Administration
The Job Market is Back on Track
Photo credit: educatinggeeks.com
Job Openings at a High
US job openings in February Highest number of open positions in
14 years
Difficulty Filling Jobs
Employers-Manpower Group, 2014 Talent Shortage Survey
Cost per Hire:
Where does the money go?
U.S. companies spend an average of
$3,500 per new hire:
Job boards and search engines
Social media
Internal staff time
Agencies
Travel for Candidates
Job fairs
Campus recruiting
Long Tenure: Slow Jam of the Past
years
Average tenure
years
Millennials tenure average
(between 25-34 yrs.)
Where do I ATTRACT Quality applicants?
Source Effectiveness Benchmarks
Interviews & Hires
Proof in Numbers
Sources
Applicants
Interviews
Hires
Source Categories
External Sources
• Agencies
• Job board
• Campus recruiting
• Job fairs
• Job search engines
Internal Sources
• Career websites
• Current employees
• Former employees
• Recruiter sourced
Key Finding:
Internal source hires dominate
39%
61%
HiresExternal vs. Internal
Sources
Internal
External
55%
45%
Interviews External vs. Internal
Sources
Top Internal Sources of Hire
1% 1% 3%
19%
19%
36%
Internal Sources
Hires
Key Finding:
Employee Referrals lead all Hires
Power up Employee Referrals
“Exceptional referral programs are extremely sophisticated and require highly coordinated resources.”
-Dr. John Sullivan
Opportunities to Improve
• Strengthening Business Cases• Responsiveness• Eligibility• Program motivators• Proactive referrals• Social networks• Prioritization of jobs• Program Administration
Facilitating Experiences:
Current Employees
Feed me
Growing Employees
Current Employees
Internal Interviews
Internal Hires
Your brand’s calling card:
Customer Career Website
Relationships builders …
In-house Recruiters
How are sourcers engaging with Passive Candidates?
Response rates
Key Finding:
Online source trump offline (External)
External Online sources delivered
85% interviews &78% hires
VS.
Key Take Away:
Indeed is best external source
• Indeed produced ~4x more interviews than next external source (Careerbuilder)
• ~3x as many hires of the next 3 branded sources
(Careerbuilder, LinkedIn, Craigslist)
Top External Sources2%
2%3%
2%
4%
3%
4%
8%
7%
Top 10 External
Sources – Hires
1% 1% 1% 2%
2%
4%
5%
6%
11%
Top 10 External
Sources – Interviews
Top 5 Branded External Sources
Interviews and Hires
Hires:
43,574
Interviews:
148,263#1 Indeed
#2 CareerBuilder
Interviews: Hires:
17,975 4,082
LinkedIn#3
Interviews: Hires:
15,033 3,433
Craigslist#4
Interviews: Hires:
38,806 7,758
Interviews: Hires:
7,468 1,947
Monster#5
Key Take Away:
Job Search Engine tops Job Boards
Job search engines = best online external source
1%1% 1% 2%3%
5%
6%
8%
14%
52%
Job Search Engines vs. Boards External Online
Interviews
1% 1%1% 2%
2%4%
5%
10%
10%
54%
Job Search Engines vs. Boards External Online Hires
Campus recruiting continues to climb
• Interviews from campus
recruiting efforts for
2015 increased by
230% from 2014
Employers plan to hire 7.5% more new college graduates from the class of 2015 for their
US and international operations, when compared to the Class of
2014-Source: National Association of Colleges &
Employers, 2015 Job Outlook Report
Mobile technology: HR isn’t savvy yet
28
31% use mobile
Recruiting
26% use
mobile
Learning
57% neutral or
unconcerned
about mobile
HR
Mobile Opportunity
Spotlight:
Mobile wins gaining momentum
Indeed Apply (mobile) produced
30% Interviews and 18% hires of Indeed’s data
2015 Best Sources (percentages)
Don’t forget to make it easy for candidates
Do your job descriptions attract quality candidates?
• Minimum qualifications vs. desired qualifications
• Challenges they can expect to conquer
• Importance of role to the company
• Key responsibilities
• Re-iterate what sets your company apart
• How is this position different from other
companies?
Tip: Have team members review job descriptions
Where do I go from here?
Review your sourcing strategy REGUARLY!
Track & measureresults
Be intentional with sourcing efforts
Utilize source tracking with ATS
Sever sourcing loyalties that don’t produce
Create quality job postings
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Thank You!
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