recruitment trends
DESCRIPTION
The Nestlé Purina recruitment team put together some research findings surrounding recruitment and employment trends in the market. If you have any questions or would like to learn more, feel free to email us at [email protected]. Interested in learning more about working at Purina and apply to our openings? Visit our website at http://bit.ly/PurinaCollegeTRANSCRIPT
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THE HIRING LANDSCAPE
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Hiring is up across the board…
Employers have added an average of 244,000 jobs a month since February (the best six-month hiring spree in eight years).
And at 6.2%, the unemployment rate is just above the 6.1% average for the past seven decades.
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Cautions….
Wages Under Employment
Long-Term Unemployment
Workforce Participation
Quitting and Hiring
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U.S. College Hiring
U.S. College hiring is expected to increase 7.8% in U.S. operations over 2013• Top Business Majors: Finance, Accounting /Business
Admin/Mgmt., Management Info Systems and Marketing• Top Science Majors: Mathematics/Statistics, Chemistry and
Physics • Top Engineering Majors: Mechanical, Electrical, Computer
and Chemical
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• 7.8% would be much higher if not for, Financeo But is showing a 40% decline in 2014
across all degree programs. (Michigan State University’s
Collegiate Employment Research Institute)
• 25-to-34 year-olds with a job fell to 75.6% in July, which was 80% before the recession (Associated Press)
Cautions….
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Fastest growing occupations 2012-2022
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Currently Impactful Trends
Continuing
Trends
Mobile is a critical
tool
Data-driven
approach is the
benchmark standard
Live video interviewing gaining acceptanc
e
Remote work is
expanding talent pools
Accelerated internal movement
is still needed
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2014 Recruiting Problems & Opportunities
Trends, Problems
, etc.
Competition for
top talent
Employee referrals become
dominant hiring source
Predictive metrics & Big Data become
essential
Employee branding
is the only long-term strategy
Recruiting monetizin
g its business impact
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Biggest Recruiting Challenges
Strategic Challeng
e
Retention will
increasingly impact recruiting
Speed again
becomes essential to remain competitiv
e
Limited resources
require position
prioritization
Reengineer college
recruiting to maximize success
Finding high-
impact technology remain
problematic
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Trends Peaking in 2015
Future Trends
Competitive
analysis will grow
from a “plus” into a
“standard”
Market research will allow
you to “know”
candidates
Firms will begin to “map” future talent
pipelines
Finding a candidate’
s work online will increase
in sourcing
importance
Hiring those
without degrees
will increase
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Top Ten Since 2008Engineers
Skilled TradesAccounting &
Finance Technicians Mechanics
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What’s so hard about filling?
ManpowerGroup Talent Shortage Survey
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Other Companies- What are they doing?
• Providing training• Redefining needed
qualifications• Increasing Starting
Salaries• Providing clear career
development paths at time of recruitment
• Increased focus on talent pipeline
• Offering flexible work arrangements
• Redesigning work procedures
• Adapting to recruit untapped talent pools
• Hiring those with potential to grow into roles
• Partnering with educational institutions
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New Talent Sources- a closer look
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Application
Social Media commonly used to find information—LinkedIn, YouTube
and Facebook used by 40%
studentPOLL
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Social “Network” Recruiting Statistics
94% of recruiters use, or plan to use social media for recruiting (Jobvite)
49% improvement in candidate quality for employers using social media
73% of 18-34 year olds found their last job through a social network
30% of Google searches (300 million/month) are employment related
89% of recruiters have hired someone via LinkedIn
59% of recruiters found “highest quality” candidates from social media
#1#2#3#4#5#6
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Any Questions?
• Feel free to reach out to our team via Facebook, Twitter or LinkedIn.