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Employment: What's Really Going On? The Age of Women and why we are in a
"HE"-cession. Emerging culture of sustainability & it’s
impact on recruiting. How technology is changing the way we
recruit, work and learn.
Unemployment is 10.2% - highest since 1983.
Most losses recently in heavy and non-residential construction. Other losses in retail: bookstores and sporting goods.
Most gains in health care – added 29,000 jobs in October.
City Postings to Unemployed
Washington, D.C. 1:1
Baltimore, MD 1:1
Salt Lake City, UT 1:2
San Jose, CA 1:2
New York, NY 1:2
Postings to Unemployed Persons Indeed.com September 2009
City Postings to Unemployed
Rochester, NY 1:7
Las Vegas, NV 1:8
Riverside, CA 1:9
Miami, FL 1:12
Detroit, MI 1:18
Postings to Unemployed Persons Indeed.com September 2009
Major Industries Job Postings Annual Change
Accounting 120,742 -16%
Construction 80,913 -34%
Education 100,903 +15%
Financial Services and Banking 192,310 -18%
Healthcare 541,200 -15%
Hospitality 75,056 -1%
Information Technology 232,686 -24%
Manufacturing 79,214 -21%
Media and Newspaper 28,117 -30%
Real Estate 23,537 -4%
Retail 259,814 +2%
Transportation 67,107 -25% October 2009 Indeed.com
Anything to do with Epidemiology. Personal financial advisors Actuaries Marketing managers Market research Math & statistics Anything in medical science/nursing Advertising/Promotion Geoscientists Education administrators/some teachers
Very slow recovery. Old jobs will not return in large numbers. Permanent loss of jobs in manufacturing. Slow, continued gains in health care,
education, computer science. Increase in temporary jobs –up 34,000 in
October.
SurePayroll reports: July 2009, Contractor Index: 4.13 percent. For every 100 workers engaged by small businesses, 4.13 are
1099 independent contractors and 95.87 are W-2 employees. 4.13 percent is the high point for the Contractor Index since
January 2004.
http://www.surepayroll.com/scorecard/2009/july/review.asp
Self-employment grew seven times faster than wage- and salaried-employment from 2002 to 2006
The Enterprise Center at Salem State College.
Elance.com recently passed the $200 million mark for freelance work delivered online. client base of more than 60,000 businesses.
Unemployment June 2009 Men 9.8% Women 7.5%
“HE”-cession
Simple is good Just enough is enough Reuse/Recycle/Retain/Refresh
Employers will seek fewer, better people. Focus on cultural fit Pre-employment screening
Temp to Perm and other forms of employment will become more popular.
RPO will gain traction.
Hire and retain for broad-based competence.
Retrain and develop through cross-functional and rotational experience and through informal networks.
Redeploy and retrain constantly. Remove barriers to internal movement.
Automated search Deep vertical functional social
communities Video everything Candidate experiences & communication
Social media is now core Web 2.0/SEO Facebook 5 years old w/ 200+ million users
Twitter soars Founded 2006 Estimated daily users – 14 million+
Search has begun the path to automation. Entice Labs
Profiles are slowly replacing resumes. Jobvite
Heavily video-based. Virtual tours and video interviews will
start appearing. Online assessment and simulations will
help determine fit and skills. Much more interactivity and faster
decision-making.
Moves from job boards and intensive Internet search to. . .
Talent pools and proprietary social networks.
Moves from hunting to attracting via higher quality branding and CRM.
Goal: Lowering sourcing time to less than one day. Creating targeted attraction strategies. Screening for fit/competence. Building a relationship virtually. Creating a knowledge base about candidates. Inviting to apply when appropriate.
Cindy H. White, a communications associate professor at the University of Colorado in Boulder says: physical connection is being replaced by cognitive
and knowledge-based relationships. Instead of sharing space together, people share
thoughts, ideas and feelings.
1999 Candidate
Read about company in paper/brochure
Ask friend/neighbor/colleague
Mail resume
Recruiter Call candidate Phone screen Set up face-to-face interview Call candidate to update
status/discuss Sit with candidate to make
offer Mail formal offer
2009 Candidate
See job posting/read career website
VM/IM/Talk to recruiter/other employee
Search for “reviews” Complete profile online
Recruiter Email/IM candidate Online/phone screen Schedule interview using online
tools Set up online screening/
assessment Email candidate status/updates Email offer to candidate
Social Networking Sites
Source: Quantcast; October 2009
Engages people to send targeted job invitations to contacts in their social networks.
Allows you to personalize communications with potential candidates and to track your communication with them.
Work is getting virtual, companies smaller and simpler.
Work is being outsourced and automated at an unprecedented pace.
All traditional ways of thinking about work and recruiting are being challenged.
Increase in temporary and contract workers. Very slow growth of regular employment except
for senior level executives. Focus on upgrading existing positions. Growing interest to offload some or all of
recruiting to a third party. Continuing uncertainty about what is “normal.”
Learn about The Future of Talent Institute
Be a leading contributor to your company’s talent acquisition and development practices!
Calibrate your thinking with the edge of tomorrow’s talent trends and emerging practices.
Learn from each other and a team of gurus. Explore new practices and technologies.
A membership organization offering research, white papers, consulting and an annual retreat.
Find out more at www.futureoftalent.org
Contact Kevin Wheeler at [email protected] OR Susan Burns at [email protected] for more information
Participants at the World Café - FOT Retreat 2008
Write to me at : [email protected]
Follow me on Twitter at: www.twitter.com/kwheeler
Read my blog at: http://www.byteeoh.com Read me on ERE:
www.ere.net
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