Talent Talk Webinar Sourcing In A Time Of Scarcity

Cytiva Software, Inc.

“Sourcing in a Time of Scarcity”

Hosted By: David FreemanTalent Management Solutions ConsultantCytiva Software Inc.

Ask Questions

Enter Question

Press Send

“Sourcing in a Time of Scarcity”

What does the forecast for the labor market look like in upcoming years?

How to combat the knowledge and skills drain.

How to successfully find and retain Generation X and Y workers

“Sourcing in a Time of Scarcity”

51% of the workforce is expected to be age 40 or older by 2010

Workforce growing at slower rate than in previous decades (8.5% 2006-2016, 13.1% 1996-2006)

Fewer younger workers entering the workforce. Number of workers between 16-24 expected to decline by 6.9% and those aged 25-39 by 5.7% by 2016

Workforce shortfall?

“Sourcing in a Time of Scarcity”Motivating and retaining seasoned workers

Motivating and retaining seasoned workers Sourcing, and retaining the Gen Y population

“Sourcing in a Time of Scarcity”Motivating and retaining seasoned workers

What motivates seasoned workers? Learning and development opportunities Flexibility in their schedule Autonomy in their job responsibilities Challenging projects/assignments – possibility to

mentor, “knowledge share” Special benefits such as “care-giver days” Retirement programs including planning

tools/resources

“Sourcing in a Time of Scarcity”Motivating and retaining seasoned workers

Best Practices Provide learning opportunities including; classroom

training, online learning, workshops, tuition reimbursement Offer paid time off (PTO) vs. vacation time when possible.

Increases flexibility in the schedule. Consider a “time off bank” Offer age-targeted retirement planning Special benefits such as “care-giver days” Phased retirement programs Mentoring Programs

“Sourcing in a Time of Scarcity”Motivating and retaining seasoned workers

Available Resource AARP Employer Resources -

http://www.aarp.org/money/careers/employerresourcecenter/

AARP Workforce Assessment Tool – http://www.aarpworkforceassessment.org

“Sourcing in a Time of Scarcity”Sourcing, and retaining the Gen Y population

What makes the Gen Y worker unique? They tend to have a feeling of entitlement They expect to be paid more, have more vacation

time, and more flexible schedules They expect to be promoted quickly They have a more difficult time listening and taking

directions then their predecessors Tend to stay in positions for shorter periods of time.

“Sourcing in a Time of Scarcity”Sourcing, and retaining the Gen Y population

What motivates Gen Y workers? Regular, immediate feedback. They live for

electronic communication. A team atmosphere Changing tasks and responsibilities – “rotate to

motivate” Flexible schedules – telecommuting, flex time, PTO Special benefits such as company sponsored extra-

curricular activities, friends and family discounts

“Sourcing in a Time of Scarcity”Sourcing, and retaining the Gen Y population

Sourcing/Attracting the Gen Y worker Time to update your corporate career site Take advantage of available technologies Have a presence where they are “hanging out”

- MySpace, YouTube, FaceBook, etc.

“Sourcing in a Time of Scarcity”Sourcing, and retaining the Gen Y population

Corporate career sites - Gen Y Style Tell a story…don’t just spew information Make it fun, exciting, interactive Consider having an employee blog Take your lead from marketing Examples:

http://www.microsoft.com/college/default.mspx http://careers.bankofamerica.com/overview/overview.asp http://www.tandk.com

“Sourcing in a Time of Scarcity”Sourcing, and retaining the Gen Y population

Take advantage of technology Resume Search Spiders - Infogist Job alerts by text message – CareerBuilder Social Networking Sites

“Sourcing in a Time of Scarcity”Sourcing, and retaining the Gen Y population

Hang where they hang MySpace

Thomas and King’s MySpace PageApplebee’s MySpace Page

YouTubeThomas and King’s YouTube Video

FaceBookMicrosoft’s FaceBook Page

“Sourcing in a Time of Scarcity”

What does the forecast for the labor market look like in upcoming years?

How to combat the knowledge and skills drain.

How to successfully find and retain Generation X and Y workers

Cytiva’s Free Webinar series

• Sourcing Talent in a Time of Scarcity - 8/14/08 10-11 AM PDT

• Getting the Most Out of Your Recruiting Investment - 9/11/08 10-11 AM PDT

• Six Steps To Implementing Performance Management Software

- 9/18/08 10-11 AM PDT

• Interview Techniques and Strategies for Hiring top Performers

- 10/09/08 10-11 AM PDT

• Retention: The Key to a Successful Recruiting Plan - 11/20/08 10-11 AM PT

Register at: www.sonicrecruit.com/company/events.htm

“Building an Effective Referral Program to Source Quality Hires”

Cytiva Software Inc. offers a wide variety of products and services to help you get the most out of your recruiting efforts.

Talent Acquisition System• Custom career sites• Employee referral management• Career agents• Ad posting and tracking • Manager self-service• Contact management/Outlook integration• EEO/OFCCP compliance• Vendor Management Module• Onboarding Module• Hourly Recruiting System

Consulting SonicPerform Performance Management System

To learn more contact: David FreemanTalent Management Solutions Consultant877-775-0888www.sonicrecruit.com