Getting Ready for the New Worldwide War for Talent Based on Lou Adler’s Hire With Your Head (John Wiley & Sons, 2007)( ©2009. All Rights Reserved. The Adler Group, Inc. www.adlerconcepts.com How Job Satisfaction Drives the Job Hunting Process
Getting Ready for the New Worldwide War for Talent
BasedonLouAdler’s
HireWithYourHead(JohnWiley&Sons,2007)(©2009.AllRightsReserved.TheAdlerGroup,Inc.www.adlerconcepts.com
How Job Satisfaction Drives the Job Hunting Process
Developing a Recruiting Plan
Hiring Strategy and
Planning
Job Satisfaction
Early-bird Strategy
Employment Churn
A Recession-driven Business Cycle Typical Corporate Reactions 1. Reduce hiring, tighten spend 2. Freeze hiring, significant $$ cutback 3. Minor RIF, major $$ cutback 4. Major RIF, enormous $$ cutback 5. Reevaluate & realign based on plan 6. Revise the business plan & strategy 7. Reorganize & process reengineering 8. Restructure to meet new economic
conditions
9. Mad Scramble!
Employment Churn
A trickle of new jobs starts an avalanche of voluntary turnover.
Companies then scramble to fill these unexpected replacement hiring needs.
Leads the pickup in total employment.
Key Indictors • Job satisfaction starts
declining • Job hunting feeler activity
picks up
Cause • As opportunities to meet
pent-up demand arise, interest accelerates
The Fully-employed Aren’t Looking
The Early-bird Sourcing Strategy
Explorers Tiptoers Googlers Networkers Hunters
Early‐birds Le4overs
Prospect Talent Pool
How Satisfied are the Employed?
Is an Inflection Point Near?
-
5
10
15
20
25
30
35
40
45
50
Extremely Satisfied Satisfied Neither/Nor Unsatisfied Extremely Unsatisfied
Pece
nt o
f Tot
al
Level of Satisfaction
Changes in Job Satisfaction
Total
July 15- Aug 14
Aug 15-30
Changes in Attitude
78%
57% 51%
18% 20%
34% 38%
63%
0% 5% 7%
15%
Early August 2009 Late August 2009 Early August 2009 Late August 2009
Extremely Satisfied Satisfied
The Most Satisfied are Starting to Consider Options
Absolutely Not Looking Would Consider Something if Called Slightly Looking
SuperPassive
Explorers TiptoersGooglers
GooglersNetworkers
NetworkersHunters
Is Employment Churn Ready to Accelerate?
The Early-bird Sourcing Strategy
“How long have you been looking? Be called first – Be found first – Day “-1” Use CRM for nurturing Allow for “just talking” – Don’t force “apply”
Action Plan • Track survey • Get resources • Build pipelines • Eliminate
hurdles • Determine
hiring ROI
Next Steps
• Audit Mod 1 of Recruiter Boot Camp – Sept 4
• Receive Hiring ROI Whitepaper –
• Take & track survey results – budurl.com/survey2 – [email protected]
• Join Recruiter’s Wall Blog and comment on all of this stuff: recruiterswall.com