Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate...

13
#ghOPEN Measure What Matters: A Focus on Talent Metrics KATIE JOSEPHSON Director, Portfolio Talent Thrive Capital

Transcript of Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate...

Page 1: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

#ghOPEN

Measure What Matters: A Focus on Talent Metrics

KATIE JOSEPHSON

Director, Portfolio TalentThrive Capital

Page 2: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

Generation-Defining Businesses

Page 3: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

Building Talent Benchmarks

28%

36%

36%

Across Growth Stages

54%36%

10%

Geographically Distributed

24%

13%

9%18%

13%

23%

DiverseIndustries

Series D+

Seeds to Series A

Series to B to C

International

NYC

SF

D2C/ecommerce/retail

FinTech

Healthcare/Wellness

Marketplace

Other Tech

Enterprise SaaS

Page 4: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

AGENDA

Industry benchmarks

Insights and outcomes

How to build a strategy tailored for you

Next steps

Page 5: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

%Gender & Ethnicity by Level & Function

Diversity & Inclusion

72-79+Engagement in

Culture Amp*

Employee NPS

10-18%

Attrition

Company Culture & Health

Page 6: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

$10k

Cost Per Hire

80%+Positive

Candidate Experience

85%

Offer Accept Rate

People Team Performance - Recruiting

Time to Fill

3-6 moExecutives

6-10 wksEveryone else

Variable

Hires

Page 7: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

Recruiting Scorecard Deep Dive

QUARTERLY HIRING TARGETS

Tech: 4-6

Business: 8-12

Ratios: 3 Recruiters : 1

Sourcer : 1 Coordinator

360 FEEDBACK

Surveys from hiring managers, Talent team, and candidates

CANDIDATE SOURCES

Split among referrals, outbound, inbound, and/or agency

TIME TO FILL

Business / tech, executive / everyone else

CANDIDATE FLOW

Candidates sourced and screened/week, % of onsitesto offers, time in each

recruiting stage

OFFER ACCEPTANCE

By recruiter and by hiring manager

DATA ACCURACY

Greenhouse data!

SPECIAL PROJECTS

Coaching/mentoring, process improvement, new tools implementation

Page 8: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

Headcount Planning for Thoughtful Growth

RecruitingTalent Development:

Engagement, Diversity & Inclusion

Talent Development: People Ops

Employee Experience

Team Recruiters Recruiting Coordinators

Recruiting Programs & Ops

HR Business Partners L&D D&I Benefits

AdminAnalytics &

CompensationTools &

Compliance Events Workplace

Team Ratio

1:30 Recruiter:Reqs

(>12 Reqs for Remote Recruiter)

1:3 Coord:Recruiter

1:200 Program Spec:FTEs

1:100 HRBP:FTE

(>50 FTEs for Remote HRBP)

1:300 L&D:FTE

1:300 D&I:FTE

1:200 Benefits Admin:

FTE

1:250 Analytics:FTE

1:500 Compliance:

FTE

1:300 EE:FTE

1:150 EE:FTE(1 per lease

after 30 FTEs)

Case StudyPeople Team Headcount Across Areas

Page 9: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

Partnered with hiring managers on top of funnel sourcing goals01

Data to Drive Hiring Diversity

Check for variance in candidate drop-off rates02

Rooney Rule03

Inclusive onsite interviews04

Page 10: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

6 month Management Training program with 10 modules01

Data to Enhance Management Performance

Facilitated by mix of internal leaders & external consultants

02

Bidirectional survey feedback – managers rate program; direct reports give manager feedback

03

Page 11: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

Early Stage Company / Startup

• Reqs filled / demand

• Offer accept rate %

• Cost per hire

What Data to Collect (by company stage)

Company Health Recruiting HR / People Ops

Scaling / Growth Stage Company

• Employee NPS • Candidate experience • Survey team for HR service feedback

• ROI calculation on initiatives / tools

• Attrition

• Diversity

Page 12: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

Create a simple scorecard with your team including quantitative & qualitative measures.

Scorecard01

Ideas for Next Steps

Clarify ownership beyond Recruiting/People teams – for executives and hiring managers.

Ownership02

Share insights and unique stories with your leadership teams.

Share03

Page 13: Measure What Matters: A Focus on Talent Metrics€¦ · Candidate Experience 85% Offer Accept Rate People Team Performance -Recruiting Time to Fill 3-6 mo Executives 6-10 wks Everyone

Questions