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Top Tips for Measuring the Return on Investment of your Talent Brand Strategy | Talent Connect London 2014

  1. Top tips for measuring the return on investment of your Talent Brand strategy
  2. On stage today Lindsay Brady Insights Manager Catherine Schlieben Director of Recruitment #intalent @LinzliA @CSchlieben
  3. What is Talent Brand? #intalent
  4. Today’s session Why should you care about measuring your Talent Brand? Tips for starting to build your Talent Brand strategy How can you measure ROI of your Talent Brand strategy? All sources LinkedIn surveys or data unless otherwise stated #intalent
  5. Why should you care about measuring your Talent Brand?
  6. 52% of UK professionals look for opportunities in an organisation that has a reputation as a great place to work
  7. Lack of Talent Brand is a big sourcing obstacle What are your company's biggest obstacles to attracting the best talent? 17% 29% 35% 40% 47% #3 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% Competition Compensation Lack of awareness of or interest in our employer brand Location Inability to effectively use data to improve our approach Source: LinkedIn Talent Trends Survey 2014 – Base size 400 respondents #intalent
  8. ‘Lack of Talent Brand’ is becoming a bigger obstacle What are your company's biggest obstacles to attracting the best talent? 23% 35% 31% +12% points 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 2014 2013 2012 Source: LinkedIn Talent Trends Survey 2014 – Base size 400 respondents #intalent
  9. Talent Brand is now more of an obstacle than location What are your company's biggest obstacles to attracting the best talent? 10% 23% 25% 37% 45% 17% 29% 35% 40% 47% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% Competition Compensation Lack of awareness of or interest in our employer brand Location Inability to effectively use data to improve our approach 2014 2012 Source: LinkedIn Talent Trends Survey 2014 – Base size 400 respondents #intalent
  10. 61% of UK Corporate Recruiting Leaders tell us they are investing more in employer brand than they have before
  11. Tips for starting to build your Talent Brand strategy
  12. Get buy in from key stakeholders Start small Agree success metrics up front @CSchlieben @LinzliA #intalent
  13. Why should your stakeholders care? Use market intelligence Help your key stakeholders understand why they should care about investing in the company’s Talent Brand #intalent
  14. Why should your stakeholders care? Use visuals Show how your company’s Talent Brand is currently represented across different channels #intalent
  15. Why should your stakeholders care? Use visuals Show how your company Talent brand is currently represented across different channels #intalent
  16. Why should your stakeholders care? #intalent Use visuals Show how your company’s Talent Brand is currently represented across different channels
  17. Why should your stakeholders care? Use competitive comparisons How effectively is your Talent Brand represented across channels compared to competitors? #intalent
  18. Get buy in from key stakeholders Start small Agree success metrics up front @CSchlieben @LinzliA #intalent
  19. Start small Identify the right business need to address 1. Critical to the business 2. Specific targeted talent requirements 3. Short time frame for hiring #intalent
  20. Get buy in from key stakeholders Start small Agree success metrics up front @CSchlieben @LinzliA #intalent
  21. There is no “silver bullet” Agree quantifiable metrics of success up front 1. Present options available for measurement 2. Keep the list of agreed metrics short 3. Set targets both for short term and long term #intalent
  22. If you can’t measure it, you can’t manage it. @CSchlieben @LinzliA #intalent
  23. How can you measure ROI of Talent Brand strategy?
  24. Let’s put these learnings into action
  25. Profile of hires for WorldPay Corporate Support Managers Location: ü Singapore Skills: ü Relationship management ü Technical sales ü 5 years+ experience
  26. How can you measure ROI on Talent Brand investments? Immediate Results Competitive Impact Final Outcomes @CSchlieben @LinzliA #intalent
  27. How can you measure ROI on Talent Brand investments? Immediate Results Competitive Impact Final Outcomes @CSchlieben @LinzliA #intalent
  28. Immediate Results LinkedIn Followers in Singapore increased 1000 800 600 400 200 0 Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug +62% in the first month #intalent
  29. LinkedIn Career Page views in Singapore increased 600 400 200 0 Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 8X increase in Career Page Views in the first month Immediate Results #intalent
  30. How can you measure ROI on Talent Brand investments? Immediate Results Competitive Impact Final Outcomes @CSchlieben @LinzliA #intalent
  31. Talent Brand Index is a measure of the effectiveness of engaging your target talent Talent Brand Reach Talent that’s familiar with you as an employer o Viewing employee profiles o Connecting with your employees Talent Brand Engagement Talent that is interested in you as an employer o Researching company & career pages o Following your company o Viewing jobs and applying 905K members 163K members Competitive Impact #intalent
  32. WorldPay has a Talent Brand Index of 18% globally Talent Brand Reach WorldPay Talent Brand Index Talent Brand Reach Talent Brand Engagement Talent Brand Engagement 905K members 163K members = 18% Competitive Impact #intalent
  33. WorldPay has a strong Talent Brand Index of 44% in Singapore Talent Brand Reach WorldPay Talent Brand Index Talent Brand Reach Talent Brand Engagement Talent Brand Engagement 12,795 members 5,664 members = 44% Competitive Impact #intalent Singapore
  34. Talent Brand Index has increased Singapore ……and is now ahead of peer average Competitive Impact 6% 6% 7% 8% 10% 11% 70 29% 44% 52% 60% 50% 40% 30% 20% 10% 0% #2 Talent Brand Index #intalent
  35. 14000 12000 10000 8000 6000 4000 2000 0 The success in Singapore also increased Talent Brand engagement in Asia Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Competitive Impact Talent Brand Engagement Volume #intalent
  36. How can you measure ROI on Talent Brand investments? Immediate Results Competitive Impact Final Outcomes @CSchlieben @LinzliA #intalent
  37. Final Outcomes LinkedIn impacted +69% of Singapore hires 44% Of hires were following Worldpay on LinkedIn before being hired 11 Viewed a LinkedIn media ad or a WorldPay job before being hired #intalent
  38. Final Outcomes Investment in Talent Brand drove strong results & high return on investment for WorldPay Time to Hire Cost of Hire Agency Usage -25% -30% now 8% #intalent
  39. How can you measure ROI on Talent Brand investments? Immediate Results Competitive Impact Final Outcomes @CSchlieben @LinzliA #intalent
  40. What have I learnt from this initiative? Invest time before you begin Align your recruitment process Sh are results on the wider impact outside of placements @CSchlieben @LinzliA #intalent
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