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Recruiting Analytics: What Your ATS Won't Tell You

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Recruiting Analytics: What Your ATS Won't Tell You

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Recruiting is arguably the HR function with highest visibility across every organization. Talent acquisition remains an ever-present concern for business leaders who risk declines in productivity if they can't fill their talent pipeline. To ensure success, HR teams need be vigilant about measuring the effectiveness of the hiring process.

But that's easier said than done. While plenty of applicant tracking systems and other recruiting tools are set up to report on hiring activities, rates, and costs, they typically stop tracking applicants as soon as they're hired. Because of that crucial limitation—and because data about the long-term performance of the workforce inevitably lives in a vast array of disconnected systems—measuring the lasting impact of the recruiting process becomes a daunting, insurmountable task.

Join workforce expert Ian Cook or this one-hour session to learn how talent acquisition teams can get past those hurdles to uncover insights from beyond their ATS that will help them:

Discover which hiring activities improve quality of hire across the full employee lifecycle

Optimize the recruiting process to target and hire candidates proven to have the best business impact over the long term

Create more accurate hiring plans that draw on historical rates for turnover and hiring success

Choose the right mix of FTE, agency, and RPO recruiting by comparing costs over time for each option

Recruiting is arguably the HR function with highest visibility across every organization. Talent acquisition remains an ever-present concern for business leaders who risk declines in productivity if they can't fill their talent pipeline. To ensure success, HR teams need be vigilant about measuring the effectiveness of the hiring process.

But that's easier said than done. While plenty of applicant tracking systems and other recruiting tools are set up to report on hiring activities, rates, and costs, they typically stop tracking applicants as soon as they're hired. Because of that crucial limitation—and because data about the long-term performance of the workforce inevitably lives in a vast array of disconnected systems—measuring the lasting impact of the recruiting process becomes a daunting, insurmountable task.

Join workforce expert Ian Cook or this one-hour session to learn how talent acquisition teams can get past those hurdles to uncover insights from beyond their ATS that will help them:

Discover which hiring activities improve quality of hire across the full employee lifecycle

Optimize the recruiting process to target and hire candidates proven to have the best business impact over the long term

Create more accurate hiring plans that draw on historical rates for turnover and hiring success

Choose the right mix of FTE, agency, and RPO recruiting by comparing costs over time for each option

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Recruiting Analytics: What Your ATS Won't Tell You

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  5. 5. #WFwebinar         Ian  Cook   Head  of  Workforce  Solu2ons   Visier   Recrui6ng  Analy6cs:  What  Your   ATS  Won't  Tell  You  
  6. 6. Recrui'ng  Analy'cs   What  Your  ATS  Won’t  Tell  You Ian  Cook Head  of  Workforce  Solu'ons Visier November,  2016
  7. 7. Only  Visier  connects  all  the  dots  –  for  you  –  from   workforce  insights  to  business  outcomes
  8. 8. Visier  is  how  the  best  brands  achieve  the  best   business  outcomes
  9. 9. Agenda §  The  focus  on  talent  acquisi'on §  Why  measuring  the  long-­‐term  impact  of  talent  acquisi'on  is   difficult §  The  problem  of  disconnected  data §  Op'ons  for  connec'ng  data  to  uncover  talent  acquisi'on   insights
  10. 10. The  focus  on  talent   acquisi'on
  11. 11. Talent  Acquisi'on  is  the  HR  topic  that  provides  the  biggest   business  advantage Realizing  the  Value  of  People  Management,   Boston  Consul2ng  Group  
  12. 12. It  is  tougher   than  ever  to   find  people!
  13. 13. Spending  on  talent  acquisi'on  is  high—and  geSng  higher The  Bersin  by  DeloiFe  2015  HR  Factbook,  2015.   $3,50 0     $4,50 0     2011   2014   Average  cost  per  hire  in   the  U.S.
  14. 14. Quality  of  hire  is  THE  most  valued  metric 21%   28%   39%   Global  Recrui2ng  Trends  2016,  LinkedIn  Talent  Solu2ons,   2016  
  15. 15. But  leaders  lack  confidence  in  “quality  of  hire”   measurement 68%   32%   Low  confidence   in  quality   measurement   High  confidence   in  quality   measurement   Global  Recrui2ng  Trends  2016,  LinkedIn  Talent  Solu2ons,   2016  
  16. 16. Why  measuring   the  long-­‐term   impact  of  talent   acquisi'on   is  difficult
  17. 17. Your  ATS  is  disconnected  from  other  workforce  data
  18. 18. Your  ATS  can’t  tell  you  the  two  most  cri'cal  things  about   recrui'ng
  19. 19. Your  ATS  can’t  tell  you  the  two  most  cri'cal  things  about   recrui'ng 1.  Who  the  best  hires  will  be  for  the  long  term  
  20. 20. Your  ATS  can’t  tell  you  the  two  most  cri'cal  things  about   recrui'ng 1.  Who  the  best  hires  will  be  for  the  long  term   2.  What  recrui2ng  programs  drives  the  best  long-­‐term  results  
  21. 21. Your  ATS  also  can’t:
  22. 22. Your  ATS  also  can’t: Help  you  fix  hiring   boFlenecks  
  23. 23. Your  ATS  also  can’t: Help  you  fix  hiring   boFlenecks   Accurately  predict   how  fast  you’ll   hire  for  a  given   role  
  24. 24. Your  ATS  also  can’t: Help  you  fix  hiring   boFlenecks   Accurately  predict   how  fast  you’ll   hire  for  a  given   role   Tell  you  why  good   candidates  drop   out  of  the  hiring   process  
  25. 25. Your  ATS  also  can’t: Help  you  fix  hiring   boFlenecks   Accurately  predict   how  fast  you’ll   hire  for  a  given   role   Tell  you  why  good   candidates  drop   out  of  the  hiring   process   Track  whether   you’ll  hit  your   hiring  and   diversity  targets  
  26. 26. Your  ATS  also  can’t: Help  you  fix  hiring   boFlenecks   Accurately  predict   how  fast  you’ll   hire  for  a  given   role   Tell  you  why  good   candidates  drop   out  of  the  hiring   process   Track  whether   you’ll  hit  your   hiring  and   diversity  targets   Help  you  op2mize   spending  on  talent   acquisi2on  
  27. 27. Your  ATS  also  can’t: Help  you  fix  hiring   boFlenecks   Accurately  predict   how  fast  you’ll   hire  for  a  given   role   Tell  you  why  good   candidates  drop   out  of  the  hiring   process   Track  whether   you’ll  hit  your   hiring  and   diversity  targets   Help  you  op2mize   spending  on  talent   acquisi2on   Give  stakeholders   enough  visibility   into  the  status  of   open  posi2ons  
  28. 28. The  problem  of   disconnected  data
  29. 29. The  problem  of  disconnected  data
  30. 30. The  problem  of  disconnected  data Your  ATS   §  Limited  to  its  piece  of  the   talent  journey   §  Disconnected  from  non-­‐ATS   data   §  Lack  of  analy2c  capability   and  scope  
  31. 31. The  problem  of  disconnected  data Your  HRMS   §  Complex  &  costly  to  connect   to  non-­‐HRMS  data  for  beFer   insights     §  Limited  to  basic  repor2ng— how  many,  not  why  or  what   next   §  Lack  of  velocity  in  innova2on   in  analy2cs   Your  ATS   §  Limited  to  its  piece  of  the   talent  journey   §  Disconnected  from  non-­‐ATS   data   §  Lack  of  analy2c  capability   and  scope  
  32. 32. The  problem  of  disconnected  data Your  HRMS   §  Complex  &  costly  to  connect   to  non-­‐HRMS  data  for  beFer   insights     §  Limited  to  basic  repor2ng— how  many,  not  why  or  what   next   §  Lack  of  velocity  in  innova2on   in  analy2cs   Your  ATS   §  Limited  to  its  piece  of  the   talent  journey   §  Disconnected  from  non-­‐ATS   data   §  Lack  of  analy2c  capability   and  scope   Niche  Recrui6ng  Apps   §  Limited  to  a  niche  focus   area   §  Disconnected  from  other   data   §  Lack  of  analy2c  scope  (i.e.,   ques2ons  answered)  
  33. 33. What  are  the   op'ons  for   connec'ng   data?
  34. 34. The  technology  choices Business     Intelligence   Workforce   Intelligence  
  35. 35. Business  intelligence
  36. 36. Business  intelligence §  Tools  that  allow  you  to  create   reports  and  dashboards  on  any   data   §  Extremely  flexible  –  you  can   build  whatever  you  want   §  Extremely  difficult  and   expensive  –  requires  very   technical  and  expensive  skills   §  Slow  –  you  (or  IT)  have  to  build  it   all  yourself  
  37. 37. Business  intelligence  challenges  and  risks Complex  data  integra2on   Costly  data  warehouse   Time-­‐consuming  report  development   No  integrated  security  
  38. 38. BI  project  costs:  A  TCO  that  keeps  growing BUSINESS  INTELLIGENCE  SOLUTION   TIME   COST   BUILD  DATA  WAREHOUSE   Design  data  model  and  source,  transform,  cleanse,  and  load  data  into   warehouse   12-­‐36  MONTHS   $2.3  MILLION  ON  AVERAGE  (IDC)   DEPLOY  BI  TOOLS   Source  and  implement  business  intelligence  plajorm   6-­‐9  MONTHS   $250  PER  USER  PLUS  DEVELOPMENT  COSTS,   TYPICALLY  ADDING  TO  $750K+   GENERATE  CONTENT   Build  out  first  reports  and  dashboards  to  send  to  users   3-­‐9  MONTHS   $1,000  PER  USER  PLUS  DEVELOPMENT   COSTS,  TYPICALLY  ADDING  TO  $500K+   IDENTIFY  GAPS   Iden2fy  needs  for  new  business  ques2ons  and  repeat  data  warehouse,  BI   tools,  and  content  genera2on  steps   3-­‐9  MONTHS   RANGE  OF  COSTS,  DEPENDING  ON  SCOPE   COST   $3.5  MILLION+  
  39. 39. Workforce  intelligence
  40. 40. Workforce  intelligence  quickly  connects   disparate  data  sources Workforce  Intelligence
  41. 41. Manage  the  needs  of  mul'ple  stakeholders  easily Give  each  stakeholder  the   view  of  the  pipeline  that’s   relevant  to  their  needs.  
  42. 42. Track  diversity  and  ensure  equity  across  the  hiring  process Discover  whether  matching   diversity  of  candidates  with   interviewers  improves   hiring  rates.    
  43. 43. Forecast  when  key  roles  will  be  hired
  44. 44. Have  a  complete,  up-­‐to-­‐date  view  of  your  en're  recrui'ng   pipeline Compare  2me  in  each  stage   of  the  recrui2ng  pipeline  for   successful  hires  versus  all   applicants.  
  45. 45. The  'me  to  act  is  now Companies  that  put  workforce  intelligence  to  work   profoundly  improve  their  business  results Bersin  by  DeloiFe:  High  Impact  Talent  Analy2cs   CEB  Corporate  Leadership  Council:  The  Analy2cs  Era   Sierra  Cedar:  HR  Systems  Survey  
  46. 46. Resources  available  at  www.visier.com Download  your  copy   Download  your  copy   Subscribe  to  the     Workforce  Intelligence   Blog  
  47. 47. Thank  you §  Ian  Cook   §  ian.cook@visier.com  
  48. 48. #WFwebinar         Register for the next Webinar! Technology and the HR Function Wednesday, November 9, 2016 Webinars start at 2 p.m. Eastern / 11 a.m. Pacific Register for all upcoming Workforce Webinars at events.workforce.com/webinars OR click the icon on the widget bar!

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