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Quantify your Impact: How to Measure
the ROI of your Talent Brand
Jamie Drayton
Talent Brand Consultant
LinkedIn
Alison Catanzarite
Media Account Manager
LinkedIn
believe talent
brand strength
makes a
“significant
impact” on their
ability to hire
on ability to hire
77%
average reduction
in cost per hire
50%
average reduction
in turnover
28%
talent
professionals say
talent brand is a
top priority in
2015
56%
We know that Talent Brand is important
Source: LinkedIn Global Recruiting Trends Report, Nov 2014
We know that Talent Brand is important
Source: LinkedIn Talent Trends Report, March 2014
Reputation as a “great place to work”
Reputation for “great products / services”
Reputation for
“great people”
Reputation for
“being prestigious”
Reputation for “great
products / services”
Reputation for
“great people”
Reputation for
“being prestigious”
56%
Candidates tell us it’s important
when deciding their employer
Reputation as a
“great place to
work”
But how do you prove your talent
brand is important?
1. Know the language
2. Find your partners
3. Measure what matters
4. Beware of pitfalls
5. Apply something new
5 Steps to Measure your Talent Brand
Step One
Know the Language
Employer Brand n.
How you, the employer, promote your company
as a place to work
1
Talent Brand n.
the highly social, totally public version of your
employer brand incorporating what talent thinks, feels,
and shares about your company as a place to work
a significant asset for both hiring/retaining great talent
and promoting your corporate image to the market
50%
of professionals
around the world
discover new job
opportunities through
word of mouth
Step Two
Find Your Partners
1
Company Brand and Talent Brand
are two sides of the same coin.
Step Three
Measure what Matters
Attract
Know your Goals
5 Key Metrics
METRIC 1:
SOCIAL MEDIA
FOLLOWER QUALITY
METRIC 2:
RESPONSE RATES
METRIC 3:
APPLICANT QUALITY
METRIC 4:
TIME TO HIRE
METRIC 5:
NEW HIRE ALIGNMENT
Metric 1
Social Media Follower Quality
KNOW YOUR FOLLOWERS:
 Function
 Seniority
 Industry
 Company size
11%
9%
9%
8%
8%
Sales
Information Technology
Engineering
Marketing
Operations
Visitor Demographic
of members are
interested in job
opportunities from
companies they are
following
Members are 61% more
likely to share information
as a result of following
your company71%
61%
Track targeted follower change as part of overall follower growth
Tips for Visualizing your Success
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15
8,020
total followers
2,320
total tech followers
40% YoY Growth
60% YoY Growth
TAILOR YOUR TALENT BRAND STRATEGY FOR DIFFERENT AUDIENCES
Plot campaigns against key success metrics to analyze correlation
Tips for Visualizing your Success
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
January February March April May June July August September
Impressions served
Followers
Metric 2
Response Rates
If you’ve effectively built
awareness, you should
expect a higher response
rate across priority talent
pools.
Followers are
81%
more likely to respond
to an inMail
Global e-commerce company has huge uptick in
response rate from engaged talent
20%
48%
No Engagement
with your brand
Engaged
with your brand
+140%
RESPONSE RATE
Tips for Visualizing your Success
Track response rates over time to see trends
As your talent brand
strengthens, you should see
an increasing response rate
from targeted talent pools
0%
5%
10%
15%
20%
25%
30%
January February March April May
Average Response Rates for
Engineering Talent
Metric 3
Applicant quality
Who are the quality candidates?
 Subjective  What does it mean to
your company?
 Good fit for the company
 Good fit for the role
Stack quality vs. non-quality candidates on a chart
Tips for Visualizing your Success
0
10
20
30
40
50
60
70
Week 1 Week 2 Week 3 Week 4
#ofapplicants
Non-quality
Quality
Metric 4
Time to hire
Your talent branding
activities should build a
strong pipeline and start
more conversations with
qualified talent, thereby
lowering your time to hire.
Companies with a strong
talent brand on LinkedIn
report a
20%
Faster rate of hire
Tips for visualizing your success
Track time to hire as a whole, or for specific roles
Time to hire for engineering roles Time to hire for engineering vs. all roles
0
5
10
15
20
25
30
35
40
Week 1 Week 2 Week 3 Week 4 Week 5
Days
Engineering - time to hire
0
5
10
15
20
25
30
35
40
Week 1 Week 2 Week 3 Week 4 Week 5
Engineering - time to
hire
All roles - time to hire
Metric 5
New hire alignment
Monitor the authenticity
of your talent brand with
a new hire alignment
check
Survey New Hires
Did their expectations match reality?
Has your experience working here matched your expectations?
Scale: 0 (not at all) – 5 (highly matched)
“Please explain why you selected that choice” so you can gain additional insights.
 Send 90 days after start
 Ensure anonymity for honest answers
 Tools like Google Forms or Survey Monkey are free and
easy
Graph alignment over time, preferably by function
Tips for Visualizing Success
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
Q1 Q2 Q3 Q4
AlignmentScore
Sales
Marketing
IT
HR
Seeing Poor Alignment?
Tips on how to adjust
1. You’re not sharing enough
2. Need to course-correct
“You have to embrace who
you are, in all its
hideousness or all its glory.
Because that’s who you
want to attract—talent with
that shared passion and
shared ideology.”
Ed Nathanson - Founder
Red Pill Talent
Step #4:
Beware of
pitfalls
1: Forgetting that
branding is both a
science and an art
2: Measuring for
the sake of
measuring
3: Analysis
paralysis
The journey of a thousand miles
starts with a single step.
-Lao Tzu
Step Five
Apply Something New
©2015 LinkedIn Corporation. All Rights Reserved.

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Quantify your impact: how to measure the ROI of your talent brand | Talent Connect Anaheim

  • 1.
  • 2. Quantify your Impact: How to Measure the ROI of your Talent Brand Jamie Drayton Talent Brand Consultant LinkedIn Alison Catanzarite Media Account Manager LinkedIn
  • 3.
  • 4. believe talent brand strength makes a “significant impact” on their ability to hire on ability to hire 77% average reduction in cost per hire 50% average reduction in turnover 28% talent professionals say talent brand is a top priority in 2015 56% We know that Talent Brand is important Source: LinkedIn Global Recruiting Trends Report, Nov 2014 We know that Talent Brand is important
  • 5. Source: LinkedIn Talent Trends Report, March 2014 Reputation as a “great place to work” Reputation for “great products / services” Reputation for “great people” Reputation for “being prestigious” Reputation for “great products / services” Reputation for “great people” Reputation for “being prestigious” 56% Candidates tell us it’s important when deciding their employer Reputation as a “great place to work”
  • 6. But how do you prove your talent brand is important?
  • 7. 1. Know the language 2. Find your partners 3. Measure what matters 4. Beware of pitfalls 5. Apply something new 5 Steps to Measure your Talent Brand
  • 8. Step One Know the Language
  • 9. Employer Brand n. How you, the employer, promote your company as a place to work
  • 10. 1 Talent Brand n. the highly social, totally public version of your employer brand incorporating what talent thinks, feels, and shares about your company as a place to work a significant asset for both hiring/retaining great talent and promoting your corporate image to the market
  • 11. 50% of professionals around the world discover new job opportunities through word of mouth
  • 12. Step Two Find Your Partners
  • 13. 1 Company Brand and Talent Brand are two sides of the same coin.
  • 14.
  • 17. 5 Key Metrics METRIC 1: SOCIAL MEDIA FOLLOWER QUALITY METRIC 2: RESPONSE RATES METRIC 3: APPLICANT QUALITY METRIC 4: TIME TO HIRE METRIC 5: NEW HIRE ALIGNMENT
  • 18. Metric 1 Social Media Follower Quality KNOW YOUR FOLLOWERS:  Function  Seniority  Industry  Company size 11% 9% 9% 8% 8% Sales Information Technology Engineering Marketing Operations Visitor Demographic of members are interested in job opportunities from companies they are following Members are 61% more likely to share information as a result of following your company71% 61%
  • 19. Track targeted follower change as part of overall follower growth Tips for Visualizing your Success 0 1000 2000 3000 4000 5000 6000 7000 8000 9000 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 8,020 total followers 2,320 total tech followers 40% YoY Growth 60% YoY Growth TAILOR YOUR TALENT BRAND STRATEGY FOR DIFFERENT AUDIENCES
  • 20. Plot campaigns against key success metrics to analyze correlation Tips for Visualizing your Success 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 January February March April May June July August September Impressions served Followers
  • 21. Metric 2 Response Rates If you’ve effectively built awareness, you should expect a higher response rate across priority talent pools. Followers are 81% more likely to respond to an inMail
  • 22. Global e-commerce company has huge uptick in response rate from engaged talent 20% 48% No Engagement with your brand Engaged with your brand +140% RESPONSE RATE
  • 23. Tips for Visualizing your Success Track response rates over time to see trends As your talent brand strengthens, you should see an increasing response rate from targeted talent pools 0% 5% 10% 15% 20% 25% 30% January February March April May Average Response Rates for Engineering Talent
  • 24. Metric 3 Applicant quality Who are the quality candidates?  Subjective  What does it mean to your company?  Good fit for the company  Good fit for the role
  • 25. Stack quality vs. non-quality candidates on a chart Tips for Visualizing your Success 0 10 20 30 40 50 60 70 Week 1 Week 2 Week 3 Week 4 #ofapplicants Non-quality Quality
  • 26. Metric 4 Time to hire Your talent branding activities should build a strong pipeline and start more conversations with qualified talent, thereby lowering your time to hire. Companies with a strong talent brand on LinkedIn report a 20% Faster rate of hire
  • 27. Tips for visualizing your success Track time to hire as a whole, or for specific roles Time to hire for engineering roles Time to hire for engineering vs. all roles 0 5 10 15 20 25 30 35 40 Week 1 Week 2 Week 3 Week 4 Week 5 Days Engineering - time to hire 0 5 10 15 20 25 30 35 40 Week 1 Week 2 Week 3 Week 4 Week 5 Engineering - time to hire All roles - time to hire
  • 28. Metric 5 New hire alignment Monitor the authenticity of your talent brand with a new hire alignment check
  • 29. Survey New Hires Did their expectations match reality? Has your experience working here matched your expectations? Scale: 0 (not at all) – 5 (highly matched) “Please explain why you selected that choice” so you can gain additional insights.  Send 90 days after start  Ensure anonymity for honest answers  Tools like Google Forms or Survey Monkey are free and easy
  • 30. Graph alignment over time, preferably by function Tips for Visualizing Success 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 Q1 Q2 Q3 Q4 AlignmentScore Sales Marketing IT HR
  • 31. Seeing Poor Alignment? Tips on how to adjust 1. You’re not sharing enough 2. Need to course-correct “You have to embrace who you are, in all its hideousness or all its glory. Because that’s who you want to attract—talent with that shared passion and shared ideology.” Ed Nathanson - Founder Red Pill Talent
  • 32. Step #4: Beware of pitfalls 1: Forgetting that branding is both a science and an art 2: Measuring for the sake of measuring 3: Analysis paralysis
  • 33. The journey of a thousand miles starts with a single step. -Lao Tzu Step Five Apply Something New
  • 34. ©2015 LinkedIn Corporation. All Rights Reserved.