the firm & esift: building effective talent recruitment strategies
TRANSCRIPT
Building Effective Recruitment & Talent Strategies
Who is this Giles O’Halloran …
As a table gain consensus on:• My Educational Background?• My Work?• My Chosen Sport?• My Favourite Team?• Anything else … ?
Foundations:
The Recruitment Process Exercise
You need to build from a Foundation …
• An effective Recruitment Framework• Legal and ethical framework• An effective + engaged team• Effective communication• Understanding expectations• Trained assessors and interviewers
What is ….
What is Strategy..?• 3 possibilities from a plethora:
• “A plan of action designed to achieve a long term aim or overall aim.”
• “The direction or scope of an organisation over the long term: which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the needs of the markets and to fulfil stakeholder expectations.”
• “A high level plan to achieve one or more goals under conditions of uncertainty.”
• Next question - What is the Business Strategy? What is Talent? Define & Align
Source: SlideShare
Where does Strategy sit?
McKinsey’s 7 S Model – Strategic Value + Context
Source – Strategic Management Insight
Strategic HR Management Model
Source: Differencebetween.com
Source - MyAssignmentHelp
Strategic Human Capital Planning
Strategic Integration – Vertical + Horizontal
Business Strategy
Business Objectives
HR Strategy
Relations Reward L&DResourcing
Vertical Integration
Horizontal Integration
Finance SalesOperations
Source: CIPD
Effective Recruitment – Context - defined by …
• Right People• Right Competencies • Right Place• Right Time
• Will vs Skill• Experience vs End Result• Now vs Future
• Cost Effective + Efficient
So where is the Organisation…… And where is it going?
Key Consideration
‘...The future is already here, it’s not very evenly distributed...’- William Gibson, 1993
• Different Sectors• Different Timelines• Different Channels• Different People
Another Change Curve “The Diffusion of Innovation”
Rogers, 1962
• POLITICAL• ECONOMIC• SOCIAL• TECHNOLOGICAL• LEGAL• ENVIRONMENTAL• ETHICAL
PESTLEE Analysis (External Scanning)
SWOT Analysis – (Internal & External)
• Strengths• Weaknesses• Opportunities• Threats
Source: Canvanizer
Source - MindTools
Other Options: Porter’s 5 Forces
Group Discussion:
• Choose an organisation from those around the table
• Share your Recruitment/Talent situation
• Conduct a PESTLEE and SWOT Analysis
Recap
What have we learned and what do we need to consider ..?
So what now/next –What/How/When?
Plan what might happen - Scenario Planning
Source - MBASkool
Plan the journey - Roadmapping
Source - AcqNotes
Plan Objectives + Outcomes - SMARTER
Source: Google
Measure the Outcome – ROI + ROE
• ROI – Return on Investment:• Measure the inputs versus outcomes – cost vs. revenue• Cost Benefit Analysis• Level of Profit – Productivity – Engagement etc.
• ROE – Return on Expectations:• Change behaviours• Invisible benefits• Reducing cost
• Measures & Metrics = Analytics
Phillips Model – ROI from the ROI Institute
What we can measure = The Tip of the iceberg
RECRUITMENT FEESADVERISTING FEESJOB POSTING COSTSHIRING PROCESS TIMECONVERSION RATES
WRITING BUSINESS CASESWRITING JOB DESCRIPTJONWRITING PERSON SPECJOB AD CREATIONJOB POSTING SOCIAL MEDIATELEPHONE INTERVIEWIING TIMEMANAGEMENT INTERVIEWING TIMECANDIDATE ASSESSMENTCANDIDATE SELECTIONFEEDBACK TIMEOFFER NEGOTIATIONOFFER PACK GENERATIONONBOARDING COSTSINDUCTION COSTSPROBATION PERIOD COSTS
Actions to think about now + going forward = ACTION PLANNING
• Employer Brand• Platforms/Applications• Access to Talent• Compelling Storytelling• Campaign Management• Sourcing Options/Blend• Capacity + Capability• Meeting/exceeding
expectations
• Meaningful Content• Budgets & Spend• Mobile Compatibility• Data = insights + analytics• Candidate Experience• Candidate Engagement• Effective Marketing Material• Easy Access + Process
KISS …?
Strategic Resourcing
Social NetworksPrivate
Networks
Alumni
Work Brokerages
Employees
Micro-WorkersFreelancers
Temps
FTCsFTE
Contractors
Business Networks
PartnersSuppliers
Volunteers
Organisation Profiles
Slide no: 32
Future Recruitment
Social
Human
Mobile Technology
Evolving
Slide no: 33
Exercise – Creating the Strategy
My Strategy …
Lessons Learned & Wash Up
What have you learned …? Met Expectations…? Food for Thought…?Let’s prepare some actions and commit to them
Giles O’Halloran• Email: [email protected]• Twitter: @GilesOHalloran• LinkedIn: Look me up!