the human capital advantage - automotive news€¦ · u.s. unemployment 1990-present bureau of...
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U.S. Unemployment 1990-Present
BUREAU OF LABOR STATISTICS, AUGUST 2019
7.0
5.0
1990
10.0
1994 1998 2002 2006 2010 2014 2018
JULY 20193.7 %
Today’s Applicant Economy
7.5 millionUnfilled jobs today
5.8 millionAmericans seeking work
BUREAU OF LABOR STATISTICS, AUGUST 2019
Technician Shortage
76,000Technicians needed from 2016 - 2026
37,000Certified technician shortage given entry labor pool and retirement plans
NADA ECONOMICS REPORT, 2018
Only
1.25%of today’s applicant pool would consider working at a retail dealership.
FIELDS OF WORK THAT
JOB SEEKERS ARE CONSIDERING:
Retail/Wholesale 27%
Hospitality 18%
Finance, Insurance or Real Estate 17%
Medical/Dental 16%
Education 16%
Manufacturing 14%
Construction 9%
Public Service 7%
Utilities 7%
Legal 5%
Agriculture, Forestry, Fishing 5%
Automotive (4 million) 5%
COX AUTOMOTIVE JOBS REPORT, 2017
THE WAY WE RETAIL CARS TODAY
VEHICLE
THIRD PARTIESTARGETED ADS
BUDGET
DEALERSITE
DEALERSHIP CRM
SEARCH
JOB BOARDS
THE WAY WE RETAIL JOBS MUST CHANGEEmployers Must Retail Jobs Digitally And Direct-to-consumer
BUDGETOPEN POSITION
CAREER SITE
SEARCH
TARGETED ADS
CANDIDATENETWORK
RECRUITMENT CRM
Mobile Friendly
Non-Mobile Optimized
Job Seeker Expectations
60%of Hireology job descriptions are viewed on a mobile device.
HIREOLOGY DATA, 2019
Mobile Friendly
Non-Mobile Optimized
Job Seeker Expectations
30%
drop off without a mobile-friendly
career site or application process.
HIREOLOGY DATA, 2019
RECRUITMENT MARKETING COSTS BY CHANNEL
COST PER APPLICANT
COST PER HIRE
REFERRALS
$6
$21
4 APP: HIRE
CAREER SITE
$5
$46
10 APP: HIRE
ORGANIC JOB BOARDS
$1
$87
126 APP: HIRE
$12
$251
21 APP: HIRE
SPONSORED JOB BOARDS
$75
$2,681
42 APP: HIRE
HIREOLOGY & NADA RESEARCH: SAVING THE LOST APPLICANT, 2019
24 Hours or less is the average time it takes
to respond to a consumer lead.
5 Days or more is the average time it takes to
respond to an applicant.
VS.
DIGITAL AIR STRIKE, 2018 | HIREOLOGY DATA, 2019
Recruiting is a Sales and Marketing Process
INTEGRATE
HIRE
ATTRACT
KPIs
Build Your Employment BrandCareer Site | Job Boards | Targeted Ads
Onboard with ConfidenceOnboarding | Payroll | HRIS | Compliance
Hire Your Best TeamPrescreen Surveys | Interview Guides | Candidate Verifications
of jobseekers lose interest if they don’t hear back a week after their interview.
70%
HIREOLOGY DATA, 2019
2 MillionLost Applicants in Automotive Retail
HIREOLOGY & NADA RESEARCH: SAVING THE LOST APPLICANT, 2019
69%of employees are more likely to stay for
3+ years with a positive onboarding experience.
Onboarding a new
employee is like delivering a
NEW VEHICLE
CLICK BOARDING, 2019
ACCESS TO TALENT
PROCESS EFFICIENCY
PERFORMANCE VELOCITY
STRONGCULTURE
CUSTOMER SATISFACTION
HIGHERPRODUCTIVITY
GREATERLOYALTY
The Human Capital Advantage