What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

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Transcript of What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

Page 1: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016
Page 2: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

Bill Fowles

ABB

What Matters Most in Metrics for

Sourcing Talent on LinkedIn

Page 3: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

10.50%

11.70%

12.80% 13.40%

15.30% 15.90%

16.70% 17.30%

17.80% 18.20% 18.40%

18.90% 19.10%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

18.00%

20.00%

Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14

Hu

nd

red

s

ABB Talent Brand Index grew from 10% to 19%

Our strategy is working and our employer brand is growing

Page 4: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016
Page 5: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

3 Key

Metrics

Talent Sourcing Metrics

LinkedIn and ROI

Quality of Hire

1

2

3

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Page 7: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

One of the world’s leading engineering companies, we help

our customers to use electrical power efficiently, to increase industrial

productivity and to lower environmental impact in a sustainable way.

Page 8: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

Merger of Swiss (BBC, 1891) and Swedish (ASEA, 1883) engineering companies

135k Employees

+100 Countries

$38B In Revenue

1895 126 years old

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Branding

Talent Brand

Index

Budget

Cost per Hire

Market Demand

Engineers

Our Challenges

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1. Talent Sourcing Metrics

Sourcing Metrics Defined – recruiter based

Key Performance Indicators – business driven

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Targets Insight

Phone Screens Daily activity ensures

pipeline

Submittals to Interview

Conversion

Measures by hiring

manager

Candidate Surveys Measures by

candidates

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Phone Screens

Submittals

Hires

Goal: Daily Volume

Goal: >80%

Goal: Hires

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Page 14: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

Speed of Hire

Time to Fill

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Time to Fill

75-85 days

55-65 days

2013 2016

3 yr. avg <70 days

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89 91

125

111

96

72

70

110

126

104

122 119

0

50

100

150

200

0

10%

20%

30%

40%

New Hires Impacted by Linkedin by Month

New

H

ires I

mpacte

d O

range L

ine

New

H

ires I

mp

acte

d B

lue B

ars

7%

7%

10%

14%

23%

Support

Program Mgmt.

Uknown

Sales

Engineering

New Hires Impacted by Linkedin by Month

77%

18%

5%

IndividualContributor

Manager

Director &Above

New Hires Impacted by Seniority 1207

Hires (USA)

33% % Hires Impacted

Impact of sourcing and TBI resulted in 33% Impacted Hires

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2. LinkedIn ROI

Daily Usage

Searches Performed

Inmails Sent

Inmails Accepted

Pipeline metrics to consider

Page 18: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

LinkedIn Recruiter Seats

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Searches

Performed

Saved

Searches

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InMail

Volume

InMail Ratio

to Profiles

Viewed

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Target 25-30% Accept to Response Rate

90% surveyed on LinkedIn indicate

they are open to new opportunities

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Pipeline Analytics

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The new LinkedIn Recruiter Index (LRI),

a great way to benchmark your team

and measure ROI.

Page 24: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016
Page 25: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016
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Page 28: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016
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3. Quality of Hire

Hire Manager Surveys

Performance and Retention

LinkedIn measures

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Turnover and

Retention

49%

50%

New Hire Performance

Evaluaiton

43%

Hiring Manager

Satisfaction

LinkedIn Global Recruiting Trends 2016: Talent at the Core

Most Used Quality of Hire Metrics % TA respondents who use metric

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Surveys

provide real-

time feedback

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% High

Demand

Hires

Retention

Rates

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Av # of Recommendations

Page 34: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

3 Key

Metrics

Talent Sourcing Metrics

LinkedIn and ROI

Quality of Hire

1

2

3

Page 35: What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016