} Connecting Businesses With talent { Leveraging on Online Talent Sourcing Technology to Hire the Right Talent June 20, 2014 SINGAPORE • MALAYSIA • PHILIPPINES • INDONESIA • INDIA • JAPAN • THAILAND Copyright © by JobStreet.com Introduction WHO ARE WE? Copyright © by JobStreet.com No. 1 Job Site in the Philippines Copyright © by JobStreet.com LARGEST NO. OF EMPLOYER ADVERTISERS 22,000+ companies LARGEST NO. OF JOBS NATIONWIDE & OVERSEAS 100,000+ jobs LARGEST NO. OF CANDIDATES 5 million+ Filipinos WHAT MAKES US NO. 1? Copyright © by JobStreet.com JS MINDANAO QUICK STATS 300,000+ Candidates 355+ Companies 2,000 to 2,500 Jobs Daily Copyright © by JobStreet.com Improve lives through better careers… Here and Overseas Copyright © by JobStreet.com Help 1Million Filipinos Find Their Dream Job in 2014 Copyright © by JobStreet.com Agenda I. Why hire right? II. The Challenge in Recruitment III. How Do I Tap Them? IV. What will captivate their attention? Copyright © by JobStreet.com Why hire right? Copyright © by JobStreet.com Drive your company’s growth up to 60% by hiring the right people! High-performance organizations need good people (McKinsey Report, 2012) A study by Watson Wyatt (2009) showed that: Poor Recruitment Results to Losses HR experts estimate that hiring an employee costs a company 1.5 times his or her salary This is a combination of recruiting costs, training time, and lost productivity as coworkers and supervisors pitch in during the time the job is left unfilled Copyright © by JobStreet.com Copyright © by JobStreet.com We are challenged by many unfilled “hard-to-fill” positions According to DOLE, many occupations remain unfilled for a long time. “There is a high demand for the position but there are very few applicants, or there are few qualified applicants compared to the number of available jobs.” DOLE report (2013) Copyright © by JobStreet.com May 28, 2014 SNAPSHOT OF A MINDANAO-BASED CANDIDATE Copyright © by JobStreet.com Using a survey in one of Mindanao’s metro cities, JobStreet.com found out that candidates in the region …. • are YOUNG (78% are aged 20 to 35 y/o). • 50:50 Male/Female ratio. • 55:45 employed:unemployed ratio. *Based on a 2013 JobStreet.com Study with the following parameters: TARGET- economically active working age population that satisfies the study requirements on age (18-44YO) AREA: Davao SEC: ABCD, college degree holders Copyright © by JobStreet.com How do they look for a job? Walk In to Companies Online Job Sites (e.g. JobStreet.com) Apply Direct (Fax or Email) to Company Copyright © by JobStreet.com What makes them apply to a job? Good/ High Paying Salary Top/ Big Reputable Companies Job Requirement/ Suitability Copyright © by JobStreet.com According to JobStreet.com’s database, there are a lot of early jobbers who are subscribed with the job site. Top Specializations Position Level 2. Clerical/Administrative Support 3. Food/Beverage/Restaurant Service 1% 5% 6% Junior Executive 38% 15% 1. Customer Service Fresh / Entry Level Senior Executive Manager Non-Executive 4. Healthcare – Nurse/Medical Support & Assistant 5. Education 6. Banking/Financial Services 7. Finance - General/Cost Accounting Senior Manager 35% 8. Manufacturing/ Production Operations 9. IT/Computer – Software 10. Sales - Retail/General Copyright © by JobStreet.com How do I tap them? Copyright © by JobStreet.com Some Recruitment Channels Online Job Sites Recruitment Firms/Head Hunters Referrals Social Media Copyright © by JobStreet.com Pros & Cons of Commonly Used Channels Paid Referral Advantages Social Media • Credible • High traffic endorsements – • Ability for filtered by content to referrer become viral • Free Disadvantages • Uncertain quantity • Limited based on your employee’s network • Less targeted • Low credibility • No privacy Head Hunter/ Recruitment Agency • Convenience – recruiter screens and filters. • Privacy • Highly targeted • Expensive • Calibration challenge Copyright © by JobStreet.com Best Practices for the Channels REFERRALS SOCIAL MEDIA HEAD HUNTER Create an effective employee referral program. Create an FB Page where you can share your vacancies. Use this for highly specialized or high level positions. Keep your own employees engaged. Develop good and constant flow of content on your page. Calibrate! Copyright © by JobStreet.com And finally, there are candidates who can be captured via JobStreet.com… Copyright © by JobStreet.com What captivates them? Copyright © by JobStreet.com I. What is a WINNING JOB ADVERTISEMENT to a candidate? Answers questions about FIT Copyright © by JobStreet.com II. JobStreet.com’s 5 FIT questions Can I do this job well? Copyright © by JobStreet.com II. A. Do I want to work in this location? Location is the top parameter that candidates (90%) use to FILTER through job advertisements* • Reflect not just the region but the CITY of the work location. ₋ Candidate should know the estimated distance for commuting/travel purposes. • Show Work Location Map ₋ Candidate to be familiar with the surrounding areas for safety and access to transportation. *In a survey done by JobStreet.com out of 5000 candidates. Copyright © by JobStreet.com II. A. Do I want to work in this location? SiVA Advertisement Tab Create Advertisements Set Location Map Instead of Removing it Input Work Location Copyright © by JobStreet.com II. B. Does it meet my salary expectation? Salary is the second parameter used by the candidates (80%) to FILTER through job advertisements* Check JobStreet.com’s Salary Report Check the Salary Expectation in resumes of candidates’ who applied to you from relevant competitors Should not fall below the minimum wage Should be within your industry’s standards – Check reports similar to MERCER *In a survey done by JobStreet.com out of 5000 candidates, Copyright © by JobStreet.com Salary Similarly in a survey conducted for JobStreet.com in 2013, 67% of respondents said that a good/ high paying salary makes them want to apply. Copyright © by JobStreet.com II. B. Does it meet my salary expectation? SiVA Advertisement Tab Create Advertisements Take note of Similar Position Average Salary! Input Ad Basic Copyright © by JobStreet.com II.C. Can I do this job well? Answers the following: What tasks are entailed in this position? Responsibilities What is the expected output of this role? KPIs Do I possess the right skills and behavior to perform this role? Who will I report to? What teams will I work with? Skills & Behavior Org Structure Resulting to a WINNING job description! Copyright © by JobStreet.com II.C. Can I do this job well? 99% of the candidates said that Detailed Responsibilities is the no. 1 information that a candidate would like to see in a job advertisement* How to write a Clear Job Description? • Talk to the Hiring Manager – ₋ Probing is key ₋ 3+3 Approach (3 Must-Haves, 3 Nice-to-Haves) • Requirements and skills ₋ Non-negotiables • Short and Concise – ₋ Easier to read ₋ Not intimidating ₋ JobStreet recommends 3 to 5 bullets for Responsibilities and Requirements *In a survey done by JobStreet.com out of 5000 In order to succeed in communication task, you need to keep your audience's attention. Writing clearly and concisely is one way to capture and retain their interest… IEEE Professional Communication Society Copyright © by JobStreet.com II. D. What’s in it for me? (C.A.R) Candidates are motivated by a Company’s Work Culture, Advancement Opportunities and Rewards * Motivators Why is it important to candidates Culture • • Wants a culture that fits own values Will enable him to contribute Related Questions • • • Advancement • • Rewards • • Salary aside, what are the reasons why your employees stay with you? What sets your culture apart from other companies? What is uniquely inspiring working for your company? Looks forward to development • and • Learning opportunities to • advance career How do you drive performance? How do you develop your people? What training programs do you have in place? Provides sense of recognition A way to gauge accomplishment What non-traditional benefits/perks do you offer to employees? • *According to Peter Weddle (HR Consultant and Business CEO turned author) Copyright © by JobStreet.com In random one-on-one interviews , JobStreet.com confirmed with employees from the most preferred PH companies that... They all strongly agree that their respective companies provide better benefits and are stable, reputable, and prestigious. The companies they belong to are among the Philippines’ best. Majority said that they agree to the fact that their companies give above-industry salaries. Copyright © by JobStreet.com But aside from these three factors and once they have worked for these companies, what they loved the most and made them stay was... Work Environment and Company Culture Copyright © by JobStreet.com How did employees define this? Employee Empowerment. “It is speed and empowerment, the experience of working with outstanding leaders and the cross-cultural exposure that make me love my work at Company C.” Marketing Manager This philosophy (employee empowerment) is based on the theory that as employees are empowered to take control and make decisions, they feel more confident, capable, and determined to work more effectively and efficiently. As a result of these business practices, employees become more productive. http://www.saylor.org/site/wp-content/uploads/2013/02/BUS208-5.2-The-Benefits-ofEmpowering-Employees-FINAL.pdf Copyright © by JobStreet.com How did employees define this? A Happy & Familial Work Environment. “It feels like one big happy family! I love the fact that my peers and bosses are my friends.” Finance Manager Company S Copyright © by JobStreet.com How did employees define this? Alignment with Corporate Values. “The people I work with share and apply the same values the Company also has. We have what we call PVP - purpose values principles such as Leadership, integrity, passion for winning. The fact that people beeline and work in the same manner makes it natural to deliver results.” Finance Supervisor Company P Copyright © by JobStreet.com http://www.markumgroup.com/what-is-organizational-culture-why-does-it-matter.html Copyright © by JobStreet.com Because of Company Culture, people stay in the organization... “If possible, I plan to retire here. Company N has made it possible for me to think of my career growth in the long run, unlike treating this work experience as a stepping stone. We all have different wants and needs, but somehow this Company will also help their employees mature both in career & in their personal life.” Junior Sales Executive Company N Steve McClatchy, founder of Alleer Training and Consulting, whose client list includes top-ranked Pfizer, says a happy workplace is one that is committed to perpetual improvement, and not just as a line item on the balance sheet. “It’s one that supports employees in achieving goals, letting them fail, and learn from that,” he says Copyright © by JobStreet.com II.D. What’s in it for me? Options Tools Company Profile Work Environment Copyright © by JobStreet.com II.D. What’s in it for me? Culture Options Tools Company Profile Headers and Pictures Pictures that feature vibe of your employees, work environment What you can show in pictures can also be shown in a video …Words are processed by our short term memory. Images on the other hand go directly into long term memory, where they are indelibly etched…Dr. Lynell Burmark, PHD Associate at the Thornburg Center for Professional Development Copyright © by JobStreet.com II.E. Can I trust this company? Trust Turn-offs vs Trust Builders Copyright © by JobStreet.com II.E. Can I trust this company? Trust Builders Milestones and Awards Products and Services Leaders and Partners Vision, Mission and Values Copyright © by JobStreet.com II.E. Can I trust this company? Trust Turn-offs Gender / Race Biases • Born Again Christians Only Promoting Trainings in Job Postings • Free Trainings to join the BPO Industry Multiple Positions in 1 Job Advertisement • Receptionist / Nurse / HR Supervisor Multiple Postings • Posting an ad several times within 14 days, which target the same jobseeker profile—same position level, same specialization, work location, and similar position title. Overuse of Company Confidential Postings • Allowable limit is 5% of total postings per month Copyright © by JobStreet.com II.E. Can I trust this company? Options Tools Company Profile Company Information and Company Overview One of the top 5 triggers of candidates (42%) to apply to a job is the Company Profile* *2013 Nielsen Usage Attitude Index or UAI Copyright © by JobStreet.com II.E. Can I trust this company? Options Tools Company Profile Basic Information Company Information Most company logos reflect what the company is about or a representation of Mission & Vision Copyright © by JobStreet.com Example of a WINNING job advertisement Do I want to work in this area? Does this meet my salary expectation? Can I do this job well? • • • • Responsibilities KPIs / KRAs Skills & Behavior Org Structure Copyright © by JobStreet.com Example of a WINNING job advertisement Can I trust this company? Do I want to work in this area? What’s in it for me? Copyright © by JobStreet.com IV. Ways to improve targeting 2 Ways to Target your Candidate: LiNa • LiNa is JobStreet.com’s matching agent. It matches the qualifications set in the job advertisement to the JobStreet.com database Browse Jobs • It is searching for jobs whether in the JobStreet.com website or thru search engines. Approximately 40% of JobStreet.com applications come from LiNa Copyright © by JobStreet.com IV. Ways to improve targeting Parameters used for accurate LiNa Matching and Browse Jobs Parameters LiNa Browse Jobs What you need to do Specialization • If more than 2 specialization requirements, focus on the major one and the 2nd add to content Work Location • Note landmarks and modes of transportation accessible Position Level • Should be in sync with position title, skills and years of experience Salary • Show your salary Company Name • As registered in company documents to allow candidates to research your company Refrain from using Company Confidential • Position Title Skills • In sync with skills and position level Try alternative position titles or what is most understandable to the candidates No “/” • Necessary only to perform the role • • Copyright © by JobStreet.com IV. Ways to improve targeting Creating accurate LiNa Matching for my Job Ads Position Level Specialization Copyright © by JobStreet.com IV. Ways to improve targeting Sample of LiNa email sent to candidates Location Salary Specialization Position Level Copyright © by JobStreet.com IV. Ways to improve targeting JobStreet.com Job Portal where candidates Browse Jobs Most common keyword typed in is Position Title Copyright © by JobStreet.com V. Key takeaways in creating WINNING job advertisements 1. Answer JobStreet’s 5 FIT Questions To Create Clear Job Description 2. Trust Turn-Offs vs Trust builders To build credibility 3. Improve your ads targeting through: a. Accurate LiNa Matching and b. Inclusion of important keywords in Browse Jobs Copyright © by JobStreet.com