Transcript Document

Market conditions and
trends in recruitment…
Who am I and where do I come from…
March 2012: Managing Partner of Acquire Executive
2004 – 2012: Founder of Talent2 (QLD)
1998 – 2004: Practice Manager – Executive for Morgan & Banks
* Placed more than 500 Executive appointments individually across Australia and led teams to place more than 20,000 roles
* Interviewed more than 10,000 people
• A specialist Executive Search and Selection firm with reach across QLD, NSW and Singapore
• Servicing the following sectors:
 Senior Executive
 Engineering
 Human Resources
 Mining & Energy
 Sales & Marketing
 Accounting & Finance
Some interesting and
thought provoking facts
Global population is accelerating
1900
1.7 Billion
2000
6 Billion
2012
7 Billion
We are predicted to hit 8 Billion by 2018
Local information
•
56% of Queenslanders live outside of Brisbane
•
State exports have tripled over the past 10 year - $65B
•
Population of QLD = 4,636,000 people (Brisbane = 2,050,000)
•
Third highest CBD car parking rates in the world
•
The average age in Brisbane is 36 years old. Sydney is 32 years old
•
Net migration has dropped from +53,000 people per annum to +2,000
The “new age” talent pool
Everyday there are
378,000 iPhones sold
V’s
371,000 babies born
Getting social…
• There are 800 million users on
Facebook spending 4.7 billion
minutes per day on the site
• A new member joins LinkedIn
every 9 seconds
• 26 hours of videos are uploaded
to YouTube every minute
Interesting fast facts…
• There are 35 billion Google searches per month
• It has been almost 20 years since the first text and now there are more
than 8 billion per day
• 294 billion emails are sent every day
• Only 29% of the original Fortune 500 exist today & 59% of the current
Fortune 500 were founded in a recession
• Over 50% of the worlds population is under 30
In 2011
1 in 6 people in
Australia changed
their job
Change is occurring faster than ever
The top 10 jobs in demand in
2011 didn’t exist in 2004
Develop them or lose them
The average person will have
14
jobs by
38
Diversity… Do we really know our
workforce?
The 65 – 75 year old age
bracket equals
24% of the Australian
workforce
A 10 year trend to come
There are more people exiting
the workforce than joining it
Unemployment rates
Australia
5.3%
Italy
8.1%
Afghanistan
35%
New Zealand
5.9%
Brazil
4.7%
Spain
23%
China
4.1%
United Kingdom
8.7%
Germany
5.5%
Unites States
8.3%
Greece
20.9%
UAE
12.7%
Hong Kong
3.5%
South Africa
25%
14.5%
India
9.4%
Ireland
Global unemployment currently sits at 6.1% (203 million people)
Where do we stand…
•
Queensland holds the highest unemployment rate in the country at 5.7%
The future of your business
So now we are aware of the trends –
let’s look at what you are doing and
how you need to change
Corporate fantasy V’s Corporate reality
91% of all ASX listed CEO’s stated
attracting and retaining great
people is their biggest challenge
Corporate fantasy V’s Corporate reality
•
Do you have an Employer Value Proposition (EVP)?
•
What does the external world see when they look to work at your company?
•
What is your real point of difference?
•
What are the benefits?
•
How flexible is the workforce?
Contracting V’s Permanent
• It is anticipated that by 2020 the workforce will reach equal weighting between
contracting and permanent employees
• Currently permanent employments equates to approximately 74% of the workforce in
Australia
• In the USA the temporary workforce makes up 78% of the total workforce
• To be competitive in skill short markets you will soon have no choice – candidates will
dictate the terms
• Given average employment tenure is now under 3 years there really is little difference
for the majority of candidates
A snapshot of the pipeline…
8 organisations…
24 months…
90,000 new roles
Where to find people for Australia…
Print media
900,000 people for $15,000
Online job boards
1.5 million people for $400
Social media sites
10 million people for free
Preferences for finding a role…
1. Job boards = 51%
2. Newspaper preference = 19.1%
3. Other online methods = 9.4%
4. Word of Mouth = 6%
5. Search / Direct approach = 5%
6. Database (agency or in-house) = 4%
* Less that 4% of organisations in Australia have a structured alumni program
Resume fact…
90%
of people lie on their resume
How thorough is your recruitment
process?
• Criminal checks / background checks
• Education verification
• Social media checks
• Psychometric assessment
• Are your managers trained to interview effectively
• What process do you have in place to assess candidates like for like?
• Reference checks or trust?
The Halo Effect
Sometimes in a
tough recruitment
process we only
see what we want
to see!
Top 10 reasons why people resign from
their job
1. Their direct boss
2. Company performance slump / uncertain future
3. Benefits on offer no longer meet the needs of your circumstances
4. Values don’t align / lack of vision and no sense of culture
5. Stopped having fun
6. Lack of challenge – nowhere or no one to learn from
7. Misalignment of ethics
8. Poor internal relationships with peers
9. Money
10. Poor personal performance
Candidate hierarchy of needs
Fun
L&D
Health & wellbeing
Money and other benefits
Recognition and opportunity to advance
A safe, functional workplace
Loyalty is out
The next generation of employees want…
Lifelong learning
opportunities
Virtual mobility
Freedom & autonomy
Inspiring working
environment
Diversity
The “Perfect Employer Inc”
Getting the right balance
74% of organisations spend more
on attraction than retention…
Loyalty is out
81% of the workforce would move right
now if a better job was available
So how do we keep them after spending
so much to find them?
1.
Career development plan
2.
Learning management
3.
Flexible conditions (we now live in a virtual world)
4.
Competitive salary and benefits
5.
Culture – enjoy the people you work with
6.
Share the vision of the business – communicate in good times and in bad
7.
Health & wellbeing
8.
Recruit their family – get to know the “real boss” in their world
9.
Gain trust – every manager should do 1 thing special for a staff member every week
10. Show appreciation – celebrate great performance and recognise it publicly
Questions & Answers