When you’re laser-focused on hiring new talent, positioning yourself as a strategic partner can be challenging. However, there’s no better time than the start of the hiring process to establish yourself as a true business partner.
The question remains: "How does a hiring professional become a strategic leader?” The Answer: Do data driven recruiting.
In this deck, you’ll learn:
- Where to find large talent pools of qualified candidates using data
- How to expand your talent pool and set hiring manager expectations by determining what's an actual job requirement vs a nice-to-have
- How to interpret and present your data driven hiring recommendations to executives
Check it out to learn how to be a strategic advisor using data driven recruiting.
Watch the full recording here: http://youtu.be/BYKIXuuHZyE
2. #hiretowin
Create a
data driven
recruiting
strategy
Execute your
strategy
Measure
results &
iterate
The recruiting organization that figures out how to extract
the value of the web’s people data and build a recruiting
team model that operationalizes at scale will define the
future of talent acquisition
“
STEPS TO BECOMING A STRATEGIC ADVISOR
1 2 3
4. #hiretowin
IT STARTS WITH A HIRING NEED
Job Description
Keywords: "Data Center" OR "Datacenter"
Location Within 50 Miles
Industry: Internet
Seniority: Manager
Interested In: Potential Employees
Company Size: 501-1,000 OR 1,001-5,000 OR 5,001-10,000,
OR 10,000+
Years of Experience: 6 to 10 years OR More than 10 years
Years in Position: 3-5 years OR 6-10 years
Company Type: Public Company
Language: English
Recommendations: 3-4 OR 5-10 OR 11-20 OR >20
5. #hiretowin
HIRING EXPECTATIONS ARE OFTEN TOO HIGH
Have or set realistic expectations grounded in data
Widen the talent pool by removing non-priority job requirements
6. #hiretowin
1. Locate your
talent pools
2. Dig into
skills &
seniority
3. Know your
talent
competitors
3 STEPS TO A DATA DRIVEN RECRUITING STRATEGY
7. #hiretowin
IDENTIFY WHERE YOUR TARGET TALENT LIVES
Example: Where 480K Software Engineers in the US are located
Data source: LinkedIn Recruiter
8. #hiretowin(based on LinkedIn recruiter contact Feb-Aug 2012)
PRIORITIZE CITIES BY SUPPLY & DEMAND
Went after “Hidden Gem” cities with high supply, low demand
Data source: LinkedIn Recruiter
16. #hiretowin
2,000 SYSTEMS INFRASTRUCTURE ENGINEERSPRIORITIZE CANDIDATES FOR BETTER RESULTS
1:Many
Nurture
1:Many
Telesales
1:1
Blue Carpet
1:Many
Nurture
Affinity
Which prospects are most likely to engage?
HighLow
High
Low
SkillsMatch
Whohasexpertiseinskillsweneed?
Problem: How do we efficiently identify & prioritize critical talent pools?
Solution: We sized & prioritized the market of Systems & Infrastructure engineers
22. #hiretowin
Most Successful Systems Infra & Data Recruiter
Most Successful Quarter in Eng Recruiting
3X
increase
in candidate
response rate
Highest
conversion rate
of applicant to
onsite
8:1 vs 13:1
Highest
conversion rate of
applicant to offer
TAM 1:Many
served LI content
more likely to
make it to onsite
vs. other
applicants
Increased Recruiting Efficiency & Reduced Recruiting Hours
THE RESULTS OF OUR DATA DRIVEN RECRUITING
FOR SYSTEMS & INFRASTRUCTURE ENGINEERS
23. #hiretowin
No
engagagement /
connection
Engaged w/
Competitor
Connected w/ LI Engaged w/ LI Engaged w/ LI &
w/ Competitor
Engaged w/ LI &
Connected w/LI
2.8x higher
response rates
vs. no connection
Source: North America LinkedIn InMail response rates; n=100k
Our strategy also led to higher InMail response rates
We used engagement & connectedness to target candidates w/ high affinity
If you’re a hiring manager looking for a candidate, you may think there is an abundant pool of candidates for any one job but the reality could be that there’s only a fraction of potential candidates available. Doing a quick exercise to address your TAM (total addressable market) helps sets your expectations and the expectations of your stakeholders. For those of you asking how you do this, most people I know start at searching profiles on LinkedIn.
You can use this data to align on expectations, agree on shared accountability, and change false sense of reality/perception on the market.
Breakdown of each segment
The Where
Connectedness of your employees
Skills & Seniority
Win/Loss Rate
You can do this with any other position you’re recruiting for: Sales, Marketing, CXO’s, Operations
This slide shows us who we’re winning talent from, and who we’re losing talent to. As you might expect, red means we’re losing talent to the organizations listed on the left, and green means we’re winning talent from those organizations. [NOTE: this isn’t our actual data, but we’re sharing it here as an example of what we review regularly]
The left-hand side of this slide is fairly straightforward: we can see how many hires we’ve made from those companies in the past four quarters, and how many hires they’ve made from us.
On the right side, we’ve calculated that data as a ratio.
We can watch this data over time to understand what’s trending. It helps us identify competitive hiring risks or areas where we need more focus.
Breakdown of each segment
The Where
Connectedness of your employees
Skills & Seniority
Win/Loss Rate
There are also other resources: Lou Adler, LinkedIn Learning Center
This is a formula to find the right talent.
<click to see example after formula is explained>
Brands can no longer hide who they are
We need to change the way we look at recruiting and talent. We need to lead in new ways, increase our partnerships, operationalize our worlds, listen a lot more and lead with data. If you do this right, you can use data to BUILD CREDIBILITY.
Text/Links to put in chat box:
Thanks for joining! We will start shortly. In the meantime, follow us on social media:
Twitter: @HireOnLinkedIn
LinkedIn: https://www.linkedin.com/company/linkedin-talent-solutions
SlideShare: http://www.slideshare.net/linkedin-talent-solutions
YouTube: https://www.youtube.com/user/LITalentSolutions
Blog: http://talent.linkedin.com/blog/