November 18, 2008
Today was a day full of workshops. I know in one of my recent blogs I griped about how you typically only get to choose one morning session, and one afternoon session. Well, today my conference wishes came true. I sat in on three (3) workshops today, and each had compelling information that will surely shake up the way we recruit in the future. So, lets get right to it!
The first workshop I partipated in was entitled "Maximizing ROI From Recruitment Advertising," presented by Paul Forster, CEO of Indeed.com. His presentation focused on managing and calculating return on investment from the use of job advertisements. According to Paul, most organizations fail to accurately track the source of candidates. This means we can't measure ROI, and thus we cannot optimize recruitment ad campaigns. Effective measurement of recruitment means identifying the number of applicants, number of interviews, and the number of hires from any one source. Once we have gathered all this data, we should examine the "cost per applicant" and "cost per hire" to evaluate where our time and money is best spent.
In the afterschool field, I think we do very little when it comes to measuring ROI. Take for example so similar recruitment efforts, an on-campus job fair, and an on-campus recruitment (non-job fair). In the first scenario, suppose the fees associated with the event are $75 and at the event, an organization speaks with 55 applicants. Under these terms, the ROI for this event would be $1.36 per applicant, which is decent. Under the second scenario, we pay $35 on campus for a booth with no other employers, and our recruitment nets 175 applicants. Even without the math, we can see that our return is greater by engaging in on-campus recruitments that are not job-fair related. We could go further and determing the cost per hire, and get a real snapshot of how effective our recruitments are. I would like to create a chart illustrating the various efforts we use in our Region to advertise our jobs and highlight the ROI for each. This should bring some interesting results!
The second workshop focused on the movement of generations onto social networking sights. Moderated by Paul Forster, the panel of Kevin Wheeler,President of Global Learning Resources and Jon Ingham, Executive Consultant with Strategic Dynamics, discussed the value of social networking in the recruitment process. According to the panel, social networking sites such as Ning, Facebook,and LinkedIn enable candidates to communicate with each other. More importantly, social networking recruiting enables current employees to communicat with candidates and share ideas and provide valuable insight into employment in the organization. It's a great opportunity to get employers interacting with candidates, and the best part is that we can continue to inundate them with information as it's not considered spam because they have chosen to follow you, and can opt out at any time. This is critical because it enables organizations to establish relationships with applicants! Amazing thoughts!! For us in the afterschool field, we really need to consider our audiences and develop a strategic marketing plan that focuses on a core audience. You won't find older populations on social networking sites, so you have to know your audience. Since most of us are thristing for college students to staff our programs, social networking sites would be a great place to recruit applicants. However, it is not enough to just build a Facebook page, or a Myspace page and assume that candidates will flock to you. You have to advertise and get out there and let them know you exist. Honestly, I would love to see one of our programs pilot this concept, and I would welcome the opportunity to help develop the strategy! The impact of social networking is so great, that several workshop members (gaming industry, government contracts, and accounting industry) are pulling their ad dollars from CareerBuilder and Monster Jobs, and investing heavily in social networking. The prediction from the panel is that social networking sites may eliminate the need for resumes in the near future. Any thoughts? Any takers on the social networking recruitment plan?
Ok, this blog is getting lengthy, so for the last workshop, I will post the five (5) reasons why we lose great candidates, as described by my now favorite presenter, Sarah White.
The first reason we lose great candidates is because of the job posting. These are candidates we won't even know we lost. The way we word our ads tells the candidate a lot about the position, culture of the organization and whay it is open.
The second reason we lose good candidates is because of the application process. How easy do we make it for those great candidates to apply. This includes how we ask them to apply, length of online application, what we require from the candidates, and who reviews the applications. All of these factor into the application process for a candidate.
The third reason we lose great candidates is because of organization research. Take a look at your websites, literature, and ask yourself, "Does your organization sell itself to its potential employees as well as it does to its customers?" If not, you need to re-design your marketing pieces to reach out to candidates.
The fourth reason we lose great candidates is because of the interview process. Sarah questions how much we as employers really respect the time of your candidates and use qualified interviewers? We need to look at who is screening our applicants, and do they get the big picture?
The fifth and final reason we lose great candidates has to do with the candidates overall experience. Here is where we cannot make up for defficiencies. The questions we must ask ourselves is "Did we do enough throughout the entire process to bring someone onboard? Based on what I have heard from the field (weeks before hiring, weeks before calling) my guess would be no!
Well, that is it for tonight. Tomorrow is the Retention Summit, and I hope to learn more about how we can retain our great candidates once we employ them. Until then, good night, and I'll see you tomorrow.
Michael