Recruitment Strategy Development
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Transcript of Recruitment Strategy Development
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©2016 DoubleStar, Inc. www.doublestarinc.com 888-719-9311
RECRUITMENT STRATEGY DEVELOPMENT:
DETERMINING WHERE YOU ARE AND WHERE YOU NEED TO GO
White Paper
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2 | ©2016 DoubleStar, Inc. www.doublestarinc.com 888-719-9311
TALENT IS ONCE AGAIN IN CHARGE…ARE YOU READY?
In a recent study on in-house recruiting, conducted by Hunt Scanlon Media, an
analysis was done on the changing landscape of talent acquisition. The study finds
that one of the leading trends for 2016 is the need for companies to redefine their
recruitment practices in order to drive significant internal recruitment initiatives,
while simultaneously scaling back the need for external recruiters and reducing
overall recruitment spendi.
With the increased availability and acceptance of social media channels,
digital/technology tools, and talent communities, companies have more resources
available to them than ever before to identify new pools of talent, optimize
candidate outreach, and very effectively replace external partners by assuming more
direct sourcing and recruiting work within their own teams.
As unemployment rates continue to decline from a 10-year high of 10+% in early 2010
to today’s rate of 4.9% (and heading lower), the demand for certain highly skilled
talent has surpassed the supply. A lower unemployment rate means the pressure for
finding the right talent is greater and the competition to fill jobs is tighter than ever.
This creates a power shift where talent now has the upper hand in the candidate-
scarce positions. Complicating matters is the generation gap and how they view
employment. While a Gen X employee tends to stay in a role an average of 5 years, a
Millennial will only stay an average of 2 years.
STRATEGY STARTS WITH UNDERSTANDING WHERE WE ARE AND WHERE WE WANT TO GO
Before rushing to build a solution, companies can benefits from asking and
answering some critical, fundamental questions:
1. How good are we today at attracting the talent we need?
2. How do we compare to our top competitors?
3. How good do we need to be at Talent Acquisition to meet our business goals?
4. Do we have the right resources, tools, and delivery models in place to meet the
evolving hiring demands we are being asked to fulfill?
5. How do our Hiring Managers feel about our recruitment capabilities and our ability
to deliver on their openings?
Successfully recruiting in a competitive marketplace requires a host of capabilities.
Some of those include targeted candidate identification and sourcing, effective
outreach, a skilled/knowledgeable staff, the right amount of time, sufficient funding,
and solid resource/marketing tools. In the face of mounting competitive pressure for
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3 | ©2016 DoubleStar, Inc. www.doublestarinc.com 888-719-9311
talent, and the changes in the way the upcoming workforce prefers to be engaged,
another critical question for all recruiting leaders to ask is “Are we armed with the
right tools, technologies, staff, and methods for operating in candidate-scarce
markets, or are we trying to attack this problem using the same approach we did
when candidates were more readily available?”
Many companies have a complex and comprehensive business strategy for the
overall business which includes strategies for marketing and sales, product
development, finance, and distribution/supply chain. It is part of the discipline of
running a business that those business strategies are continually updated annually or
semi-annually as business conditions change.
Unfortunately, we have seen very few examples of the same clear, comprehensive
strategy for talent. It is important that organizations create a talent strategy and
align it to the overarching business strategies, articulating the methodologies,
sources, and tactics that an organization will use to capture the talent it needs to
achieve its business goals.
THE FUNDMENTAL STRATEGY QUESTION:
WHAT TALENT DO WE NEED AND WHERE/HOW ARE WE GOING TO GET IT?
Often, part of the problem is that organization hasn’t conducted a sufficient
needs analysis of talent demands, leaving the HR/TA function in a completely reactive
mode, waiting for and responding to job openings. A better approach would be to
build a talent strategy that links to business objectives, determine hiring needs in
advance, understand the internal talent pool of existing associates, proactively build
talent pipelines, and develop the relationships with targeted talent communities that
are required when the business need creates the openings.
While it isn’t always possible to predict all the hiring needs, there are ways to identify
anticipated openings through year-over-year hiring trends, known changes in
business such as planned acquisitions, and business growth projections. Setting up
an effective recruitment strategy takes a lot of work and attention to detail.
Remember, to be the best, a recruiting organization needs to continually assess,
plan, and recalibrate its goals and its performance against the talent strategy.
Another component of Talent Strategy is deciding to what extent we should build,
buy, or borrow the talent we need. In most TA organizations, the focus and the
expertise is on building talent—which is limited to acquiring and developing direct
employees. But many, if not most companies, are increasingly buying or borrowing
the talent they need. It is far more effective for a TA function to drive the
development of these strategies, and be involved in executing all three, rather than
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continuing to focus on the traditional approach of hiring new talent in traditional
employment relationships. It’s also important that companies understand to what
extent the talent exists within their existing associate pool and how to develop that
talent through career pathing and succession management.
HOW A FORMAL ASSESSMENT CAN HELP
It is important that TA function’s conduct a formal assessment of their capability to
deliver against business needs every 3 – 5 years or when a significant change happens
in the business (i.e. acquisitions or extreme growth). That period coincides with
business cycles, planning horizons, changes in the external marketplace, and changes
in the various technologies that support recruiting.
While the key elements of a formal assessment will inevitably vary based upon each
company’s specific situation, nearly all assessments will include some or all of these
key components:
1. Quantitative Description of the Current State
Are we able to show in clear numeric terms the key operational components of
our TA function, recent trends, likely future trends, and our key performance
measures?
2. Qualitative Description of the Current State
Do we know our teams’, our clients’, and our stakeholders’ perceptions of our
true strengths and weaknesses? Do we know what our hiring managers say
about us to their bosses and their peers?
3. Voice of the Customer Feedback
Do we have quantitative data about hiring manager satisfaction with our service
delivery in the key performance areas of TA? Do we know where we stand today
vs. where our clients would like us to be?
4. Analysis of KPIs and Metrics
Are we capturing and tracking the key performance metrics that helps us achieve
operational excellence? Do we share critical project status information with our
clients to help them understand our progress against objectives, marketplace
realities and trends, and their impact on recruiting and hiring performance?
5. Comparison of Metrics to Best Practice Models
Have we benchmarked our operation against external metrics to understand
what’s possible? Do we know what a best practice implementation looks like
and how we compare to the ideal?
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6. Gap Analyses
Have we conducted a thorough Gap Analysis to know our weakest areas with the
biggest opportunities for improvements? Are we constantly monitoring our
lagging areas of performance to close those gaps and keep improving?
7. Key Change Initiatives Suggested by Assessment Findings
Are we always working on 3 – 7 improvements projects that will impact our
performance outcomes for our clients and stakeholders? Are we replacing
completed projects with new initiatives to assure continuous improvement?
8. Detailed Road Map for Implementing Changes
Have we sufficiently planned our change initiatives, including change
management, training, and partnering plans to assure adaption and impact?
9. Targets and Measures for Success
Do we set quarterly targets (quantitative and qualitative) for improvements? Are
we holding the right people responsible for the right results?
The best recruiting functions we’ve assessed are closely partnered with their
business leaders, and the talent strategy is closely aligned to the organization’s
strategic business plan. This helps Talent Acquisition/HR capture proper levels of
funding to support proactive recruiting, manageable workloads, and operational
efficiency.
DON’T FALL BEHIND
Surprisingly, many TA functions are operating behind the needs of the businesses
they support, caught in the trap of being under-resourced, underfunded, and low on
marketing budget. Additionally, falling behind often forces the TA leadership to turn
to costly external recruitment options, which can quickly inflate the budget and
spending, creating a gap in the talent strategy versus the overall business strategy.
In these cases, TA leaders struggle to meet the current recruiting needs of their
organizations, risk burning out their recruiters, and ultimately lose the war for the
best talent to more well-prepared, well-thought-out competitors.
A Recruitment Process Assessment can look at the recruitment strategy with an
objective point of view, analyze historic recruitment data/trends, and challenge the
organization to engage and think differently on how to win the war on talent.
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Regardless of the direction you take to achieve the right talent strategy, as LinkedIn’s
global trend report reminds us, the most important element in all of this is
relationships…. “The relationships you have with your candidates, cross-functional
partners, and employees will pave the path to talent acquisition success.”ii
i In House Recruiting: Best Practices Redefining Talent Acquisition, Hunt Scanlon
iI Global Recruiting Trends 2016, LinkedIn
About DoubleStar
One of the nation’s leading consulting firms focused on helping clients solve their
toughest talent acquisition and talent optimization challenges, DoubleStar provides
industry-leading Talent Acquisition Solutions, Candidate Identification Services,
Talent Advisory Services, and Talent Technology Solutions.
Since our founding in 1993, we have served over 325+ clients including global and
national leaders. We have completed over 950 specialty and high-volume staffing
projects for clients across a wide variety of industries throughout the US.
We are a full service recruitment consulting firm that customizes our solutions to
meet our clients' unique hiring needs. We help our clients develop and implement
“best-practice” recruitment processes, train their managers, retool their recruiters,
and accurately measure the business impact of their workforce initiatives and
decisions.
We have served clients such as PepsiCo, Pfizer, Teva Pharmaceuticals, Actavis
Pharmaceuticals, QVC, GlaxoSmithKline, TD Bank, Aramark, University of
Pennsylvania Health System, Jefferson University Hospital, Celgene, Regeneron
Pharmaceuticals, Pacira Pharmaceuticals, Novo Nordisk, among many others.
DoubleStar, Inc.
1161 McDermott Drive, Suite 200
West Chester, PA 19380-4042
888.719.9311
Contact: Amber York, Managing Director, (678) 455-3963 for more information