Download - Summit14 -T3.2: Jobvite Index -Gaspar

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Page 1: Summit14 -T3.2: Jobvite Index -Gaspar

What Makes a Great Recruiting Organization

Brian GasparJobvite, Sr Director of Product Marketing

Jobvite Index

Page 2: Summit14 -T3.2: Jobvite Index -Gaspar

When Looking @ Numbers Know That…

• Not All #’s Apply to You

• Not All #’s Mean Something

• Not All #’s are Real

• Comparisons & Correlations Matter

Page 3: Summit14 -T3.2: Jobvite Index -Gaspar

2.1 MillionEmployees

$235 BillionCurrent Quarter Revenue

1.6 MillionCEO & Company Ratings

19% Profit Margin

3

745 ThousandPositions

$2.4 Trillion Market Capitalization

133Countries

24 MonthsOf HCM & Market Data Collected

Job Index Comprises Of…

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1 for 2661 for 123Employee Ratio

Recruiters Human Resources

Why Recruiters Are More Important than HR

Expanding In 55 Countries64 CountriesWork Environment AfghanistanGuatemalaMedian Total Cost $36 an Hour$44 an HourMedian Time to Fill 51 Days37 Days

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What Makes a Great Recruiting Organization?

1. Achieve Growth Goals

2. Acquire Talent

3. As Soon as Possible

4. Acquire at a Reasonable Cost

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Achieve Growth Goals

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14%18%Profit MarginExceeded Missed

Earnings Per Share $0.54$1.44Open Positions 515891Workforce Cost 23% of Revenue25% of RevenueDaily Filled Positions 1618

Financial GrowthMarket ExpectationsCompany Rating

CEO Rating

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Product & Innovation Growth

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Product & Innovation Growth

Recommendation

• 20% Difference From Low to High

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Market Capitalization GrowthMissed Meet

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Stock Price Growth

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Acquire Talent

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Where are the Engineers?

55% 2%

3%

2%

1% 1%

4%

23%

9%

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Where are the Engineers Really At?

59%

9%

7%

3% 1.5%

1%

1%

1%

1.5%

1%

1%

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Hiring Globally is Different

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Social Recruiting

• 56% More Job Seekers from Social Media• 54% Higher Rate of Jobvites being Viewed

Offer

Qualify

Talent PoolsApply/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

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Mergers & AcquisitionsM&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

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Hire As Soon As Possible

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Positions Closed within 30 Days

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Days to Hire An Engineer in the US?

72 89

56

83

44 78

68

74

86

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Days to Hire an Engineer Globally?

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Employees Recommending Their Company

Days to Fill

• 61 Days – Low

• 39 Days – High

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100%

Applications

7.3%Requisitions

3.6%

Interviews1.2%

Hires

Pipeline Speed

Days to Fill

• 26 Days Jobvite

• 38 Days High Tech

• 45 Days Industry

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Acquire at a Reasonable Price

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Workforce Costs & Profitability

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Hourly Wages

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In Top 10 SW CountriesHourly Rate of an Engineer

$22

$38

$15

$46

$26

$44

$25

$19

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Stock Based Compensation

Recommendation

• 10% Difference From Low to High

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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 <$24 an Hour For Engineers

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THANK YOU!