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Good Retention Starts
with Good Recruiting
    Diana Meisenhelter
   Riviera Advisors, Inc.
Diana Meisenhelter




 Riviera
 Advisors
 Inc.
 Clients
Lets Talk
What we will discuss today
  • Reality today
  • Why retention is still important
  • Why good retention starts with good
    recruiting
  • Recruiting tips that can help you with
    retention
  • Share some stories, tools and ideas
Reality today

 Not a lot of good news about
  hiring today
 Uncertainty
 20 year high unemployment rate
 HR is overloaded
 Significant budget cuts
 Overwhelming volume of
  candidates
 HR programs STILL being cut or
  put on hold
 Some desperation – “candidates
  telling you anything”
It Should Be Easy

 Unemployment rate is still high
 Graduating seniors from the face the worst
  job market since the early 1980s; perhaps
  the worst since the Great Depression for
  new college graduates
 What is the problem? With so many people
  on the market, is there a need for recruiting
  today?


                                                  Source: NACE
The elephant in the room…




   “If so many people are out of work,
  and there are lots of people available,
        why talk about retention?”
What a Simple Recession Can
Change
2008                                  Today
 Apply my strengths to stimulating    A Job

 work                                  Job challenge and learning (Opportunity

 To be needed                         for advancement)

 To learn and grow                    Autonomy

 To work with other great/smart       Climate of respect and trust

 people                                Work life “fit” (not balance anymore)

 An ethical/fair workplace            Economic (Job)security

                                       Job location
                                                                       Source: NACE

                                       High starting salary
The Recruiting Cycle
What’s the big deal?



  It’s not just about getting them to
                 the door,
  you’ve got to get them to knock,
            invite them in,
      make them feel welcome,
        and get them to stay.
Good Recruiting = Good Retention
Think about…




   The best job you ever had/best boss

   The worst job you ever had/worst boss

   Your best or worst recruiting experience as a
    candidate
What does this mean to
recruiting?




 “People leave managers, not companies.”
                         - The Gallup Organization
The war for talent is heating
up again, are you ready?


 • Hiring top talent is STILL a strategic advantage
 • We are quickly becoming an ‘ultra high-tech’ economy
 • The “War” is really about a growing skills shortage
 • 62% of US jobs are high pay/high skill, requiring 97 million
 people,
   of which we have 45 million qualified people
 • The recession changed some plans short term, let the fun
   begin again!
                                                          Source: DOL
What’s important to candidates
today…
  This well-traveled, well-educated, ethnically diverse and
           technology savvy generation, expects:

           work that is fun and meaningful:
What’s important to candidates
today…


  A job
  A workplace with opportunity to
   advance quickly
  A secure employer that fills their
   insurance needs and provides the
   prospect of steady compensation
  An employer they can trust not to
   make them confront their personal
   ethics (for the sake of the job)
                           Source: NACE
Tip



        Change
           and
      Generational
      Differences
Adapt to change and
generational differences
  “An Era of Change”
  Are You Changing With The Times?
  Technology Savvy Generation
    - Social Networking (Facebook, LinkedIn, Twitter) vs. job
      boards and newspaper ads
    - Texting – 76% Text
    - 97% Own A Computer, 94% Own A Cell Phone
  Generation Y/The Starbucks Generation
    - Overall Balance
    - Social Responsibility
    - Self Fulfillment
    - Personal Growth
    - Rewards
Tip




        Honest
      Employment
       Branding
Honest employment branding


 The “promise of an experience”
 Tell the real story
 Position yourself as an employer-of-choice
 Ethical business practices, job security, friendly co-workers
  and location (NACE Survey)
 “The neighborhood barbeque”
 Refresh Employee Referral Program and streamline
  administrative process
 Did you do the layoffs right? Treat people like people?
 The internet changed everything - “Google them”
 Its not about a fancy brochure and give aways anymore
Tip



        Recruiter
       Selection
      Training and
      Development
Think about the best recruiter you
know….
You want the best, start with
hiring talent
 SKILL PERFORMANCE




             A       B   INVESTMENT OVER TIME
                                                Source: Talent+
Recruiter selection,
training and development

 Hire the right recruiters
 Not everyone makes a good recruiter
   Human Resources discipline vs. recruiting
   Recruiting is sales
   Recruiting training required
   Invest in high potentials
Hire the right recruiters

         Create your Recruiter competencies based on
           The AIRS Recruiting Competency Model



                                                             Drive for Results
                                                             Inquisitiveness
                                                             Sales and Service Orientation
                                                             Relationship Builder
                 Assess    Core Recruiting     Performance
                                                             Flexibility
        Profile and Plan        Skills            Traits
                                                             Passion
     Source and Contact
      Present and Close



                                 Executive Search and
                               Partnership Competencies      Market Intelligence
                                                             Business Savvy
                                                             Organizational Management
                                                             Candidate Management
                                                             Network Building
Tip




      Candidate Fit
Are we hiring talent today?

         Percent of senior managers who
        strongly agree that their company:
                       19%


                                Brings in highly talented people


                   8%


                                Retains almost all their high performers




 McKinsey’s “War for Talent” research (12,860 respondents)
“Good retention starts from
hiring the right person to
begin with.”
Candidate Assessments -
predicting performance

                             Motivation    Cultural Fit


                 Abilities                                Engagement




   Personality                                                     Experience




Knowledge
    &                              Performance                         Judgment
  Skills
You make a difference, really…


 You Impact:
  The business
  The culture
  Your company’s future
  One hire at a time
The Selection Funnel




Assessment



Phone Interview




  Interview



 TALENT
How do you know?

        The “right person” has more to do
          with character traits and innate
         abilities than specific knowledge,
                      background, or skills.

                                    Jim Collins
                                 “Good To Great”
Tip



         The
      Candidate
      Experience
The candidate experience

Best in class candidate experiences:
   Treat candidates like “rock stars”
     Be honest – “lifestyle is our biggest issue”
     Celebrate the offer
     Post offer “WOW”
     Follow up
     Why you didn't get the job
     Candidate surveys work
Candidate Surveys


 Three Surveys           Category of Questions
  Candidates hired       Recruiting process
  Candidate not hired    Pre-interview arrangements
  Candidates who         On-site interviews
   declined the offer
                          Overall process
                          Offer process
                          Decision to accept position
                          Career decisions
Good Recruiting
           is
All About Relationships
Tip




      On-Boarding
On-boarding

 On-boarding starts from point of
  contact – not first day on the job
 The candidate “WOW”
 The offer
 The post offer “silent period”
 The first day
 Think retention all the time
 A smooth application process
 Sponsors
Tip



        The
       “Total
      Package”
“The Total Package”


 Candidates still want:
   - Enjoying work
   - Opportunity for advancement
   - Good insurance (US)
   - Competitive starting salary
 Conduct annual wage, salary and communication surveys
 Communicate what you find out
 Right Pay – Top performers know they can go anywhere
 Is this changing with the current economic challenges?
Tip




      Opportunity
Opportunity

  Your employees between the age of 22-
   27 will change jobs every 18 months.
  75 million Millennials entering today’s
   workforce
  Internal transfer/promotion process
  Succession planning/internal pipeline
  Career pathing (even before they start)
  Career development plans
  Invest in top performers
  Executive coaching and mentoring
Tip



      Measure
       What
        You
        Do
Measure what you do

  What you don’t measure, you can’t
   improve on
  Measure what is important
    - To the business
    - To recruiting
    - Source and process effectiveness
  Look at what’s working, what’s not
   working
  Are you hiring the “right” people
    and are they staying?
Planning for Recovery
  Most employers are unprepared for what’s next (We
   hope what is next is recovery).
  The recovery will bring a new set of challenges for
   employers.
  We will need more skilled workers or will need now to
   begin to upskill their current staffs, including HR.
  Are you communicating constantly and paying attention
   to the survivors?
“An Era of Change”….



Our world moves fast, are you ready for what’s
next?

Technology is moving at the speed of light – who knows
what someone is creating right now that will change our
way of working next week. Keep learning, growing, asking
questions.
Summary

   Adapt to change and generational differences
   Maintain honest employment branding
   Support competency-based recruiter selection/training
    and development
   Hold out for talent and candidate fit
   Create a “WOW” candidate experience
   Practice good on-boarding from point of contact
   Provide a desirable total job package
   Create real opportunities for advancement
   Measure what you do
   Think retention all the time, especially now
Q&A



      Diana M. Meisenhelter
      Riviera Advisors, Inc.
      Dallas, Texas USA
      Diana@RivieraAdvisors.com
      Phone: 972-307-5637




          Thank you

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Good Recruiting Leads to Strong Retention

  • 1. Good Retention Starts with Good Recruiting Diana Meisenhelter Riviera Advisors, Inc.
  • 2. Diana Meisenhelter Riviera Advisors Inc. Clients
  • 4. What we will discuss today • Reality today • Why retention is still important • Why good retention starts with good recruiting • Recruiting tips that can help you with retention • Share some stories, tools and ideas
  • 5. Reality today  Not a lot of good news about hiring today  Uncertainty  20 year high unemployment rate  HR is overloaded  Significant budget cuts  Overwhelming volume of candidates  HR programs STILL being cut or put on hold  Some desperation – “candidates telling you anything”
  • 6. It Should Be Easy  Unemployment rate is still high  Graduating seniors from the face the worst job market since the early 1980s; perhaps the worst since the Great Depression for new college graduates  What is the problem? With so many people on the market, is there a need for recruiting today? Source: NACE
  • 7. The elephant in the room… “If so many people are out of work, and there are lots of people available, why talk about retention?”
  • 8. What a Simple Recession Can Change 2008 Today  Apply my strengths to stimulating  A Job work  Job challenge and learning (Opportunity  To be needed for advancement)  To learn and grow  Autonomy  To work with other great/smart  Climate of respect and trust people  Work life “fit” (not balance anymore)  An ethical/fair workplace  Economic (Job)security  Job location Source: NACE  High starting salary
  • 10. What’s the big deal? It’s not just about getting them to the door, you’ve got to get them to knock, invite them in, make them feel welcome, and get them to stay.
  • 11. Good Recruiting = Good Retention
  • 12. Think about…  The best job you ever had/best boss  The worst job you ever had/worst boss  Your best or worst recruiting experience as a candidate
  • 13. What does this mean to recruiting? “People leave managers, not companies.” - The Gallup Organization
  • 14. The war for talent is heating up again, are you ready? • Hiring top talent is STILL a strategic advantage • We are quickly becoming an ‘ultra high-tech’ economy • The “War” is really about a growing skills shortage • 62% of US jobs are high pay/high skill, requiring 97 million people, of which we have 45 million qualified people • The recession changed some plans short term, let the fun begin again! Source: DOL
  • 15. What’s important to candidates today… This well-traveled, well-educated, ethnically diverse and technology savvy generation, expects: work that is fun and meaningful:
  • 16. What’s important to candidates today…  A job  A workplace with opportunity to advance quickly  A secure employer that fills their insurance needs and provides the prospect of steady compensation  An employer they can trust not to make them confront their personal ethics (for the sake of the job) Source: NACE
  • 17. Tip Change and Generational Differences
  • 18. Adapt to change and generational differences  “An Era of Change”  Are You Changing With The Times?  Technology Savvy Generation - Social Networking (Facebook, LinkedIn, Twitter) vs. job boards and newspaper ads - Texting – 76% Text - 97% Own A Computer, 94% Own A Cell Phone  Generation Y/The Starbucks Generation - Overall Balance - Social Responsibility - Self Fulfillment - Personal Growth - Rewards
  • 19. Tip Honest Employment Branding
  • 20. Honest employment branding  The “promise of an experience”  Tell the real story  Position yourself as an employer-of-choice  Ethical business practices, job security, friendly co-workers and location (NACE Survey)  “The neighborhood barbeque”  Refresh Employee Referral Program and streamline administrative process  Did you do the layoffs right? Treat people like people?  The internet changed everything - “Google them”  Its not about a fancy brochure and give aways anymore
  • 21. Tip Recruiter Selection Training and Development
  • 22. Think about the best recruiter you know….
  • 23. You want the best, start with hiring talent SKILL PERFORMANCE A B INVESTMENT OVER TIME Source: Talent+
  • 24. Recruiter selection, training and development  Hire the right recruiters  Not everyone makes a good recruiter  Human Resources discipline vs. recruiting  Recruiting is sales  Recruiting training required  Invest in high potentials
  • 25. Hire the right recruiters Create your Recruiter competencies based on The AIRS Recruiting Competency Model Drive for Results Inquisitiveness Sales and Service Orientation Relationship Builder Assess Core Recruiting Performance Flexibility Profile and Plan Skills Traits Passion Source and Contact Present and Close Executive Search and Partnership Competencies Market Intelligence Business Savvy Organizational Management Candidate Management Network Building
  • 26. Tip Candidate Fit
  • 27. Are we hiring talent today? Percent of senior managers who strongly agree that their company: 19% Brings in highly talented people 8% Retains almost all their high performers McKinsey’s “War for Talent” research (12,860 respondents)
  • 28. “Good retention starts from hiring the right person to begin with.”
  • 29. Candidate Assessments - predicting performance Motivation Cultural Fit Abilities Engagement Personality Experience Knowledge & Performance Judgment Skills
  • 30. You make a difference, really… You Impact:  The business  The culture  Your company’s future  One hire at a time
  • 31. The Selection Funnel Assessment Phone Interview Interview TALENT
  • 32. How do you know? The “right person” has more to do with character traits and innate abilities than specific knowledge, background, or skills. Jim Collins “Good To Great”
  • 33. Tip The Candidate Experience
  • 34.
  • 35. The candidate experience Best in class candidate experiences:  Treat candidates like “rock stars”  Be honest – “lifestyle is our biggest issue”  Celebrate the offer  Post offer “WOW”  Follow up  Why you didn't get the job  Candidate surveys work
  • 36. Candidate Surveys Three Surveys Category of Questions  Candidates hired  Recruiting process  Candidate not hired  Pre-interview arrangements  Candidates who  On-site interviews declined the offer  Overall process  Offer process  Decision to accept position  Career decisions
  • 37. Good Recruiting is All About Relationships
  • 38. Tip On-Boarding
  • 39. On-boarding  On-boarding starts from point of contact – not first day on the job  The candidate “WOW”  The offer  The post offer “silent period”  The first day  Think retention all the time  A smooth application process  Sponsors
  • 40. Tip The “Total Package”
  • 41. “The Total Package”  Candidates still want: - Enjoying work - Opportunity for advancement - Good insurance (US) - Competitive starting salary  Conduct annual wage, salary and communication surveys  Communicate what you find out  Right Pay – Top performers know they can go anywhere  Is this changing with the current economic challenges?
  • 42. Tip Opportunity
  • 43. Opportunity  Your employees between the age of 22- 27 will change jobs every 18 months.  75 million Millennials entering today’s workforce  Internal transfer/promotion process  Succession planning/internal pipeline  Career pathing (even before they start)  Career development plans  Invest in top performers  Executive coaching and mentoring
  • 44. Tip Measure What You Do
  • 45. Measure what you do  What you don’t measure, you can’t improve on  Measure what is important - To the business - To recruiting - Source and process effectiveness  Look at what’s working, what’s not working  Are you hiring the “right” people and are they staying?
  • 46. Planning for Recovery  Most employers are unprepared for what’s next (We hope what is next is recovery).  The recovery will bring a new set of challenges for employers.  We will need more skilled workers or will need now to begin to upskill their current staffs, including HR.  Are you communicating constantly and paying attention to the survivors?
  • 47. “An Era of Change”…. Our world moves fast, are you ready for what’s next? Technology is moving at the speed of light – who knows what someone is creating right now that will change our way of working next week. Keep learning, growing, asking questions.
  • 48. Summary  Adapt to change and generational differences  Maintain honest employment branding  Support competency-based recruiter selection/training and development  Hold out for talent and candidate fit  Create a “WOW” candidate experience  Practice good on-boarding from point of contact  Provide a desirable total job package  Create real opportunities for advancement  Measure what you do  Think retention all the time, especially now
  • 49. Q&A Diana M. Meisenhelter Riviera Advisors, Inc. Dallas, Texas USA Diana@RivieraAdvisors.com Phone: 972-307-5637 Thank you