why recruiting leaders should learn to love data | talent connect vegas 2013
TRANSCRIPT
Ann Barrett Director, eRecruitment & Social Media Strategy
Why Recruiting Leaders Should Learn to Love Data
Gordon Davidson Director, Talent Acquisition, Teradata
#intalent
Building Metrics
Data
Metrics
Analysis
Data: Raw data points from a variety of sourcesMetrics: What and who are we measuring?Analysis: What are the metrics telling us?
#intalent
2012 Opportunities
Sourcing• Tracked staffing agency spend consistently in ATS• Shift to a pro-actively recruitment model• Expand sourcing to social media channels (e.g. LinkedIn,
Facebook, Twitter, etc.)
Branding• Update our branding images • Market employment branding messages
Metrics• Set expectations with Recruiters on what channels we wanted
them to use to ensure channels were being used effectively• Measure Recruiter performance using our new strategy• Evaluate yield, spend and ROI of our sourcing channels
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Using Metrics to Measure ROI
Our goal was to consolidate our recruitment efforts through LinkedIn as our primary sourcing channel.
ROI was measured in a number of different ways: Engagement Branding Recruitment Operations:
Recruiter Performance Recruitment Operational Results
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Choosing What to Measure
Our Dashboard
Engagement: Followers, In Mail acceptance, views
Branding: Reach, Number of employees, shares
Operations: #Hires, CPH, #applications, #searches, #InMails
To understand the true impact of social recruiting, we had to include new measures to give us the big picture.
Traditional measures in a changing recruitment landscape would only tell part of the story.
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Measuring Engagement & Branding
Takeaway: Consider including the following measures to see the bigger picture
Engagement: Followers, In Mail acceptance rate
Branding: Reach, shares
Candidates want to get to know your company so they can form an option.
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Building Followers Through Engagement
As we began 2012, we focused on engagement through our LinkedIn company and careers pages.
Promoting our employment brand and posting regular company updates helped to foster engagement and build relationships.
ROI Increased number of followers by 46%. Cost $0.
Q1 Q2 Q3 Q40
5,000
10,000
15,000
20,000
25,000
30,000
Number of Sun Life Followers on LinkedIn 2012 Takeaway:Use your company pages as way to build brand awareness
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Creating Candidate Pipelines via Manager Engagement
Recruiters started to imbed discussions about social media into their intake conversations.
Managers now had an active way to participate in the recruitment process by cross promoting opportunities and identifying people in their network on LinkedIn.
ROI Increase if 330% in LinkedIn application volume in 2012.
Takeaway: Encourage Managers and employees to use LinkedIn to identify potential candidates.
Q1 Q2 Q3 Q4
# of LinkedIn Applicants
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Measuring Brand Effectiveness
Our LinkedIn career pages promoted our regional content and built brand consistency.
Recruiters acted as front line brand ambassadors.
Employees acted as secondary brand ambassadors. They provided insight into our environment and people.
ROI Over 600K+ Work with Us Ad impressions; cost worked out to 4₵ per impression.
Takeaway: Develop a LinkedIn Profile Standard for Recruiters to build a consistent look and feel.
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Recruiter Operational Metrics
We had to ensure our Recruiters were also committed to using the tools we invested in:
Identified metrics to hold Recruiters accountable to.
Communicated metrics and guidelines around what will be measured and how and frequently they would be measured
Build transparency by communicating results. Address those who are not performing and reward those who exceed.
Takeaway: Set expectations on Recruiter performance and hold them accountable for their results.
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Recruitment Operations Metrics
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
2012 LI Cost per Hire by Recruiter Canada
Q1 Q2 Q3 Q4
# of Searches Performed
# of InMails Sent
LinkedIn Sourcing 2012
LinkedIn Sourcing 2012
• Setting expectations on tool usage and imbedding them into performance measures helped to increase our yield.
• Our lowest cost per hire (Recruiter Seat) on LinkedIn was $104/hire. Cheaper than any paid advertising or Staffing Agency.
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Analysis
• Understanding our source channel performance provided us with the tangible data to adjust our sourcing strategy and dollar spend in 2013.
• ROI Reduced tangible sourcing dollar spend by 25%.
• Takeaway: Analyze data to understand trends. Make decisions based on trending.
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2,400+ Customers
10,000+ Employees
Top 10 U.S. Software Company
DataWarehousing
Big Data Analytics
IntegratedMarketing
ManagementConsulting/Support Services
SaaS/Cloud
Teradata Unified Data Architecture™/Workload-Specific Data Warehouses
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• Targeted recipients (location, title, job function, key words)
• Create message• Conduct InMail
campaign • Build talent pipeline
Why We Love Data
Talent Direct Campaigns Performance EMEA/Nordics 1.32% CTRUS Sales & IT 1.34% CTR California Software Engineers 2.85% CTR SouthEast Asia 2.81% CTR
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Communicate your brand…passionate about our work and communities
With 3 of every 5 hiresattributed to employee networking and referral,
communicating brand is key
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Targeted e-mail communication to employees to market openings Recruiter messaging customized for audience
Understand employees’ as brand ambassadors
Target the message, audience and jobs Track the results
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Talent Direct Campaigns
Recruiter Seats and Job Postings Slots
Career Home Pages
Work with Us
Monthly recruiter meetings
Sharing Wins Social Media Network Call Recruiter Reviews Sharing Results across company
LinkedIn Brand Index Actions
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Teradata’s Talent Brand Index has nearly tripled in past year, exceeding peers
Teradata’s Talent Brand Index
LinkedIn Confidential ©2012 All Rights Reserved
=Talent Brand Engagement Talent Brand Reach
1,423,510
Members
461,001
Members
Engaged
32%
• Brand Reach is the number of people who are familiar with Teradata through viewing employee profiles or connecting with employees
• Brand Engagement is the number of people who have proactively shown an interest in Teradata by researching, following or viewing /applying for Teradata jobs on LinkedIn
32% Talent Brand Index
Employer of choiceWeaker employer brand
#1 of 10 Peers
Reach
Engaged followers are 78% more likely to accept recruiter InMails and 6x more likely to view our LinkedIn Career Page
Teradata Brand Index Trends
Teradata was among the top 10 brand movers for mid-sized companies
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Data helps you: Focus on what is making a difference in your
efficiency and effectiveness Keep pace with your changing environment Anticipate so you can proactively manage your
efforts and investments for the future Understanding your data is a process
Key Take Aways