Summit14 -T3.2: Jobvite Index -Gaspar

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Summit14 - Jobvite Annual User Conference - Breakout Session Presentation. 4.30-5.1

Transcript of Summit14 -T3.2: Jobvite Index -Gaspar

  • What Makes a Great Recruiting Organization Brian Gaspar Jobvite, Sr Director of Product Marketing Jobvite Index
  • When Looking @ Numbers Know That Not All #s Apply to You Not All #s Mean Something Not All #s are Real Comparisons & Correlations Matter
  • 2.1 Million Employees $235 Billion Current Quarter Revenue 1.6 Million CEO & Company Ratings 19% Profit Margin 3 745 Thousand Positions $2.4 Trillion Market Capitalization 133 Countries 24 Months Of HCM & Market Data Collected Job Index Comprises Of
  • 1 for 2661 for 123Employee Ratio Recruiters Human Resources Why Recruiters Are More Important than HR Expanding In 55 Countries64 Countries Work Environment AfghanistanGuatemala Median Total Cost $36 an Hour$44 an Hour Median Time to Fill 51 Days37 Days
  • What Makes a Great Recruiting Organization? 1. Achieve Growth Goals 1. Acquire Talent 2. As Soon as Possible 3. Acquire at a Reasonable Cost
  • Achieve Growth Goals
  • 14%18%Profit Margin Exceeded Missed Earnings Per Share $0.54$1.44 Open Positions 515891 Workforce Cost 23% of Revenue25% of Revenue Daily Filled Positions 1618 Financial Growth Market ExpectationsCompany Rating CEO Rating
  • Product & Innovation Growth
  • Product & Innovation Growth Recommendation 20% Difference From Low to High
  • Market Capitalization Growth Missed Meet
  • Stock Price Growth
  • Acquire Talent
  • Where are the Engineers? 55% 2% 3% 2% 1% 1% 4% 23% 9%
  • Where are the Engineers Really At? 59% 9% 7% 3% 1.5% 1% 1% 1% 1.5% 1% 1%
  • Hiring Globally is Different
  • Social Recruiting 56% More Job Seekers from Social Media 54% Higher Rate of Jobvites being Viewed Offer Qualify Talent Pools Apply/Refer Inquiry/Prospect Attract 2.5X More Applicants per Month 90% More Candidate Communications 22% Faster Time-to-Fill 17% Higher Acceptance Rate 54% More Hires from Referrals 20% More Hires Per Month 30% More Hires from Jobvites Start
  • Mergers & Acquisitions M&A Key Stats Cost $117.8B or 3X Total Qtrly Employee Costs Avg 1 Per Company 39 by 1 Company $27B Spent by 1 Company
  • Hire As Soon As Possible
  • Positions Closed within 30 Days
  • Days to Hire An Engineer in the US? 72 89 56 83 44 78 68 74 86
  • Days to Hire an Engineer Globally?
  • Employees Recommending Their Company Days to Fill 61 Days Low 39 Days High
  • 100% Applications 7.3% Requisitions 3.6% Interviews 1.2% Hires Pipeline Speed Days to Fill 26 Days Jobvite 38 Days High Tech 45 Days Industry
  • Acquire at a Reasonable Price
  • Workforce Costs & Profitability
  • Hourly Wages
  • In Top 10 SW CountriesHourly Rate of an Engineer $22 $38 $15 $46 $26 $44 $25 $19
  • Stock Based Compensation Recommendation 10% Difference From Low to High
  • What Makes a Great Recruiting Organization? Refined Exceed Financial/Product Targets & Ignore Stock The World is the Talent Pool Fill Positions in Less Than 26 Days >70% of Employees Would Recommend the Company On Avg, Spends