Diana Meisenhelter discusses how good retention starts with good recruiting even in times of high unemployment. She notes that while jobs may be plentiful, candidates are still seeking meaningful work, opportunities for advancement, and a stable employer. She recommends adapting to generational differences, maintaining an honest employment brand, competency-based recruiter selection and training, focusing on candidate fit, providing a positive candidate experience and onboarding, offering a competitive total package, emphasizing career growth opportunities, measuring recruiting outcomes, and prioritizing retention throughout the hiring process.
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.
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
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
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
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
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)
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”
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
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
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?
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
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