Recruitment Trends

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THE HIRING LANDSCAPE

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Hiring is up across the board…

Employers have added an average of 244,000 jobs a month since February (the best six-month hiring spree in eight years).

And at 6.2%, the unemployment rate is just above the 6.1% average for the past seven decades.

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Cautions….

Wages Under Employment

Long-Term Unemployment

Workforce Participation

Quitting and Hiring

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U.S. College Hiring

U.S. College hiring is expected to increase 7.8% in U.S. operations over 2013• Top Business Majors: Finance, Accounting /Business

Admin/Mgmt., Management Info Systems and Marketing• Top Science Majors: Mathematics/Statistics, Chemistry and

Physics • Top Engineering Majors: Mechanical, Electrical, Computer

and Chemical

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• 7.8% would be much higher if not for, Financeo But is showing a 40% decline in 2014

across all degree programs. (Michigan State University’s

Collegiate Employment Research Institute)

• 25-to-34 year-olds with a job fell to 75.6% in July, which was 80% before the recession (Associated Press)

Cautions….

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Fastest growing occupations 2012-2022

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Currently Impactful Trends

Continuing

Trends

Mobile is a critical

tool

Data-driven

approach is the

benchmark standard

Live video interviewing gaining acceptanc

e

Remote work is

expanding talent pools

Accelerated internal movement

is still needed

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2014 Recruiting Problems & Opportunities

Trends, Problems

, etc.

Competition for

top talent

Employee referrals become

dominant hiring source

Predictive metrics & Big Data become

essential

Employee branding

is the only long-term strategy

Recruiting monetizin

g its business impact

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Biggest Recruiting Challenges

Strategic Challeng

e

Retention will

increasingly impact recruiting

Speed again

becomes essential to remain competitiv

e

Limited resources

require position

prioritization

Reengineer college

recruiting to maximize success

Finding high-

impact technology remain

problematic

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Trends Peaking in 2015

Future Trends

Competitive

analysis will grow

from a “plus” into a

“standard”

Market research will allow

you to “know”

candidates

Firms will begin to “map” future talent

pipelines

Finding a candidate’

s work online will increase

in sourcing

importance

Hiring those

without degrees

will increase

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Top Ten Since 2008Engineers

Skilled TradesAccounting &

Finance Technicians Mechanics

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What’s so hard about filling?

ManpowerGroup Talent Shortage Survey

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Other Companies- What are they doing?

• Providing training• Redefining needed

qualifications• Increasing Starting

Salaries• Providing clear career

development paths at time of recruitment

• Increased focus on talent pipeline

• Offering flexible work arrangements

• Redesigning work procedures

• Adapting to recruit untapped talent pools

• Hiring those with potential to grow into roles

• Partnering with educational institutions

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New Talent Sources- a closer look

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Application

Social Media commonly used to find information—LinkedIn, YouTube

and Facebook used by 40%

studentPOLL

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Social “Network” Recruiting Statistics

94% of recruiters use, or plan to use social media for recruiting (Jobvite)

49% improvement in candidate quality for employers using social media

73% of 18-34 year olds found their last job through a social network

30% of Google searches (300 million/month) are employment related

89% of recruiters have hired someone via LinkedIn

59% of recruiters found “highest quality” candidates from social media

#1#2#3#4#5#6

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Any Questions?

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