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Automating & Optimizing Job Advertising with AI-Enabled Algorithms

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Page 1: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

Automating & Optimizing Job Advertisingwith AI-EnabledAlgorithms

Page 2: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

22

EmployersSpend

30%ofTheirRecruitmentBudget

onJobAdvertising.

ATTRACTION

AWARENESS

INTEREST

APPLY

EmployerBranding

IT’STHEFASTESTWAYTHROUGH

THERECRUITMENTMARKETINGFUNNEL

[IFDONECORRECTLY]

WHY?

JobAdvertisingStrategies

Page 3: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

Bringstaffinginhouseandtakecontrolofcandidatesourcingandkeyhiringmetrics

3

AvisBudgetGroupRecruitmentGoal2018

Fromgoodtogreat!

Page 4: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

4

PRIORSPENDINGINEFFICIENTLYONLINKEDINABGLinkedInJobSlot10/4/17

21+Days…Only3Views

WHY???

Page 5: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

5

ESTABLISHKEYRECRUITMENTKPIs

REDUCE

TIMETOFILL

REDUCE

COSTPERHIRE

INCREASE

APPLICANTQUALITY

4,031NewHiresNeeded

AutomationofSourcingProcess

IncreaseApplicanttoHireConversions

Page 6: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

6

SOURCINGDECISIONMAKINGWITHAI

WHICHJOBS? WHERE?

COST? DURATION?

RESOURCES? QUALITY?

PROGRAMMATICDECISIONMAKINGW/AI

Page 7: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

STEP1– DEFININGADCAMPAIGNSTRATEGY

Page 8: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

8

USINGPREDICTIONTOPRIORITIZERESOURCESOnlineJobAdvertisingDoesNotWorkforAllJobs

ProactiveStrategy

ARandomSampleof2,472AdsAnalyzed

PredictiveInsights

Somejobadsperformverywell

Titles/descriptionscouldbe

hurtingperformance

Somejobswon’tperform

regardlessofspend

Assignjobstooutbound

recruitersimmediately

Optimizedescriptionsto

improveperformance

Letalgorithmsdoall

thework

Page 9: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

9

JOBPOSTINGANALYSIS

ROBUSTRECRUITMENT

TAXONOMY

NATURALLANGUAGE

PROCESSING

ARTIFICIAL

INTELLIGENCE

+

+

ClassificationAlgorithmsStandardize

Data&Instantly ClassifyJobs

Page 10: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

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AI-ENABLEDJOBCLASSIFICATIONEXAMPLEClassificationAlgorithmsStandardizeDataforJobAdPerformance&HighlightimportantmetadataforSEO

WHENYOUSEETHIS INSIGHTSPRODUCETHIS

ALGORITHMSSEETHIS

Page 11: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

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ALGORITHMSPREDICTPERFORMANCESetsCampaignBenchmarksandBudgetforEachJobIndividuallyandAcrossAllJobs

10+ yearsofhistoricaldata

forMILLIONS ofjobads

campaignedacross1000’s ofjobsites

representingover199B datapoints

toanalyzetodeterminethe49 job

attributesthatimpactperformance!

Page 12: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

12

ALGORITHMSTARGETTHERIGHTSITESBasedonHistoricalDataforSimilarJobs

Page 13: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

STEP2– CAMPAIGNOPTIMIZATION

Page 14: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

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PredictiveDataandAI

FacilitateReal-Time

CampaignOptimization

OPTIMIZATIONALGORITHMSWORKTOGETHER

TODELIVEROPTIMALPERFORMANCE

DYNAMICCPCBID

STRATEGIES

SOURCECUTOFF

STRATEGIES

BUDGETALLOCATION

STRATEGIES

TARGETING

STRATEGIES

Page 15: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

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AIImprovesCampaignPerformanceOverTime

Page 16: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

CampaignStrategyforHighVolume&LowerComplexityroles

Page 17: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

ManagingtheTimingofSpendtoDriveBetterConversionRates

17

DataAnalysisDrivesInsights

Page 18: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

CampaignStrategyforSpecializedandHardtoFillRoles

Page 19: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

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ThePerformanceImpactofPrioritizingJobs

0%

20%

40%

60%

80%

100%

120%

July August September

18%

118%

81%

IncreaseinApplicantsPerJob

Page 20: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

59ContributingSitesandNetworksContributedMorethan192,000JobViewsand10,000+Applicants

20

PRIORITYCAMPAIGNRESULTS

Page 21: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

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AvisBudgetGroupSourcingOutcomes

Page 22: Automating & Optimizing Job Advertising · Automating & Optimizing Job Advertising withAI-Enabled Algorithms. 2 Employers Spend 30% of Their ... COST PER HIRE INCREASE APPLICANT QUALITY

HIRE WITH INTELLIGENCE

GETTHEEBOOKTHATTELLSALL

pandologic.com/programmatic101

GETALIVEDEMOANDSEE

ALGORITHMSINACTION

pandologic.com/demoVISIT GOTO