Your SlideShare is downloading. ×
0
TopTalent
Innovative Talent Assessment Solution
August 2013
TopTalent Confidential
Please activate presentation in ‘slide ...
Agenda
TopTalent Confidential
• Problem Statement
• Our Solution: TopTalent
• People
• Competitive Environment
• Two-Year ...
Problem Statement
TopTalent Confidential
Recruitment Process
TopTalent Confidential
After drafting and spreading job description, recruitment team
gathers few hund...
Recruitment Process
TopTalent Confidential
Recruitment team screens resumes & profiles
Resumes/Profiles Screening
Recruitm...
Recruitment Process
TopTalent Confidential
“Resumes are Passé – we keep asking for them because no replacement was found”
...
Recruitment Process
TopTalent Confidential
Recruitment team spends hours upon hours
interviewing dozens of candidates
Resu...
Recruitment Process
TopTalent Confidential
"The ability to hire well is random”
“Google did a study to determine whether a...
Recruitment Process
TopTalent Confidential
Recruitment team talks to candidate referees and anonymous referees
Resumes/Pro...
Recruitment Process
TopTalent Confidential
Recruitment team makes an offer to best candidate/s
Resumes/Profiles Screening
...
Recruitment Process
Conclusions
TopTalent Confidential
Recruiter is facing a haystack of candidates with
little objective ...
Our Solution: TopTalent
TopTalent Confidential
Basic Insight
TopTalent Confidential
Best approach for estimating
candidate quality is asking his co-
workers for their op...
TopTalent Concept
TopTalent Confidential
TopTalent is a professional social network in
which members can grade the profess...
TopTalent
Grading Mechanism
TopTalent Confidential
Grading procedure is completely
anonymous
Grading form is composed of s...
TopTalent
Grading Outcome
TopTalent Confidential
Each member holds a dynamic scorecard
reflecting his professional skills
...
TopTalent
Why Being Graded?
TopTalent Confidential
1. Differentiate myself from Linkedin crowd towards present or
future j...
TopTalent
Why Being Graded?
TopTalent Confidential
1. Differentiate myself from Linkedin crowd towards present or
future j...
TopTalent
Why grade?
TopTalent Confidential
1. Express yourself: people are happy to express their opinion about
their co-...
TopTalent
Ensuring Grade Reliability
TopTalent Confidential
1. Full anonymity guaranteed
2. Carrots and sticks: if you pro...
TopTalent
Impact on Recruitment Process
TopTalent Confidential
HR recruiters use members scorecards to pinpoint right peop...
TopTalent
Impact on Recruitment Process
TopTalent Confidential
Contact DetailsCommentsTopTalent GradeCandidate
jsmith@gmai...
TopTalent
Impact on Recruitment Process
TopTalent Confidential
My GradeParameter
9.4Professionalism
9.3Innovation and crea...
TopTalent
Linkedin Endorsements
TopTalent Confidential
Some endorsements-related statements from heavy Linkedin users:
– “...
TopTalent
Will Linkedin Imitate Grading Concept?
TopTalent Confidential
• We estimate the answer is NO. Why?
1. Grading me...
People
TopTalent Confidential
Steering Team
TopTalent Confidential
Udy Danino
CEO and Co-Founder
Yigal Danino
Business Development
and Co-Founder
Ziv Pa...
Advisory Board
TopTalent Confidential
Gideon Fisher Orna Segal Inas Said
Erez Benovich Ilan Twig
http://w
ww.the
marker.
c...
Top talent in a nut shell 300713 v2
Upcoming SlideShare
Loading in...5
×

Top talent in a nut shell 300713 v2

405

Published on

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
405
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Transcript of "Top talent in a nut shell 300713 v2"

  1. 1. TopTalent Innovative Talent Assessment Solution August 2013 TopTalent Confidential Please activate presentation in ‘slide show’ mode (F5)
  2. 2. Agenda TopTalent Confidential • Problem Statement • Our Solution: TopTalent • People • Competitive Environment • Two-Year Business Plan Sections covered in this version of the presentation
  3. 3. Problem Statement TopTalent Confidential
  4. 4. Recruitment Process TopTalent Confidential After drafting and spreading job description, recruitment team gathers few hundreds of resumes/profiles from various sources Job Fairs Company Employees Placement agencies Head Hunters Resumes/Profiles Screening Recruitment Funnel
  5. 5. Recruitment Process TopTalent Confidential Recruitment team screens resumes & profiles Resumes/Profiles Screening Recruitment Funnel Average HiTech resume  interview conversion rate: 1:15 53% of job applications contain false information
  6. 6. Recruitment Process TopTalent Confidential “Resumes are Passé – we keep asking for them because no replacement was found” Orna Segal, Manpower Israel CEO, May 2013 “Resume doesn't provide much depth about a candidate. We are most interested in what people are like, what they are like to work with, how they think – resumes don’t provide this information” Christina Cacioppo, associate at Union Square Ventures , January 2012 “GPAs don’t predict anything about who is going to be a successful employee” Laszlo Bock, Google’s senior vice president for people operations, June 2013 Resumes/Profiles Screening Recruitment Funnel
  7. 7. Recruitment Process TopTalent Confidential Recruitment team spends hours upon hours interviewing dozens of candidates Resumes/Profiles Screening Interview Recruitment Funnel Average HiTech interview  recruitment conversion rate: 1:25 Average length of an interview is 50min Recruitment team after 22nd interview…
  8. 8. Recruitment Process TopTalent Confidential "The ability to hire well is random” “Google did a study to determine whether anyone at Google is particularly good at hiring. We looked at tens of thousands of interviews, and everyone who had done the interviews and what they scored the candidate, and how that person ultimately performed in their job. We found zero relationship. It’s a complete random mess” Laszlo Bock, Google’s senior vice president for people operations, June 2013 Resumes/Profiles Screening Interview Recruitment Funnel
  9. 9. Recruitment Process TopTalent Confidential Recruitment team talks to candidate referees and anonymous referees Resumes/Profiles Screening Interview Referees Recruitment Funnel 27% of job applicants provide falsified references  most valuable stage in the process !
  10. 10. Recruitment Process TopTalent Confidential Recruitment team makes an offer to best candidate/s Resumes/Profiles Screening Interview Referees Hire Candidates don’t meet manager’s expectations in 44% of the cases 67% of employers in US were affected by a bad hire in 2011. Single bad HiTech hire cost is estimated to be 50K$-100K$
  11. 11. Recruitment Process Conclusions TopTalent Confidential Recruiter is facing a haystack of candidates with little objective information to support decision making  Today’s recruitment process is no more than an educated gamble… Recruitment world is begging for innovation !
  12. 12. Our Solution: TopTalent TopTalent Confidential
  13. 13. Basic Insight TopTalent Confidential Best approach for estimating candidate quality is asking his co- workers for their opinion of him “I think that eventually recruitment process will go entirely through social networks. People will recommend you as an expert of something, and you will be evaluated accordingly” James Altucher, hedge fund manager / entrepreneur / bestselling author, April 2013
  14. 14. TopTalent Concept TopTalent Confidential TopTalent is a professional social network in which members can grade the professional skills of their co-workers
  15. 15. TopTalent Grading Mechanism TopTalent Confidential Grading procedure is completely anonymous Grading form is composed of several key parameters which are weighted to generate overall grade Grade is accompanied with reliability score, impacted by number of graders, relation to graders and reliability of graders Member is exposed only to his grade - not to other members grade Sophisticated algorithm will identify and exclude biased grading Members will be offered to grade their co-workers based on professional profile data
  16. 16. TopTalent Grading Outcome TopTalent Confidential Each member holds a dynamic scorecard reflecting his professional skills My GradeParameter 9.4Professionalism 9.3Innovation and creativity 9.8Integrity and reliability 8.6Team player 9.2Management skills 9.6Learning skills 9.0Efficiency 8.0Loyalty to work place 9.2Overall Scorecard Reliability
  17. 17. TopTalent Why Being Graded? TopTalent Confidential 1. Differentiate myself from Linkedin crowd towards present or future job search. Give HR recruiters reason to notice you ! 2. Learn about myself Rank Within Workplace You are ranked #4 out of 37 algorithm developers in Applied Materials Israel Algorithms group … 123456734353637 Strengths and Weaknesses Analysis Dear Jane, We are happy to inform you that you were graded by 18 TopTalent members thus far. Your current overall grade score is 9.2. We analyzed your results and here are some observations: • Your professional skills are highly appreciated by your co- workers • You’re considered direct and truthful. You manage to create atmosphere of communication and trust. • You posses strong leadership qualities. After serving as a developer for 5.5 years, perhaps it is time to consider management roles. • Your co-workers feel that you lack team spirit. Improving that aspect will significantly change your status. You may be interested in our special program designed for improving this aspect (learn more). Geography/Profession Rank You are ranked #232 out of 2537 image processing algorithm developers in silicon valley You 25th percentile Median 75th percentile $117,200 $128,400$94,100 Your estimated market worth: $130,500 Compensation Analysis Salary distribution of professionals with similar profession, years of experience and geography
  18. 18. TopTalent Why Being Graded? TopTalent Confidential 1. Differentiate myself from Linkedin crowd towards present or future job search. Give HR recruiters reason to notice you ! 2. Learn about myself 3. Exposure: if I’m good, I’d like to show that 4. Interest: become part of exciting, innovative and fun process
  19. 19. TopTalent Why grade? TopTalent Confidential 1. Express yourself: people are happy to express their opinion about their co-workers • People do that: 2. Incentives: if you contribute to the network by grading members in a reliable manner, you will: • Learn about yourself by getting access to high-value statistics and analyses • Get promoted by the network to be graded by other members, thus increasing your grade reliability • Get a share in TopTalent profits: you contributed to the ecosystem  the network treats you back with cool prizes
  20. 20. TopTalent Ensuring Grade Reliability TopTalent Confidential 1. Full anonymity guaranteed 2. Carrots and sticks: if you provide honest grade, you will learn about yourself, get promoted, win prizes and your grader reliability score will improve. If not – vice versa. 3. Code of honor 4. Reflecting grader his opinion really matters ! 5. Wisdom of the crowd !
  21. 21. TopTalent Impact on Recruitment Process TopTalent Confidential HR recruiters use members scorecards to pinpoint right people for the job Job Description: Java developer – client applications Years of Experience: 3-5 Location: SF Bay Seeking for job? Not necessarily Special requests? Team leading potential
  22. 22. TopTalent Impact on Recruitment Process TopTalent Confidential Contact DetailsCommentsTopTalent GradeCandidate jsmith@gmail.com 650-3879134 Excellent professional9.4John Smith cmartinez@gmail.com 408-8017629 Great management skills; pay attention to loyalty to work place 9.2Carla Martinez jmiller@yahoo.comOutstanding innovation skills!9.1Janet Miller rmoore@gmail.com 408-6540912 Super-talented programmer; is he a team player? 8.8Robert Moore mwilliams@gmail.comDoing well in all aspects8.7Mark Williams rnagpal@facebook.com 650-3874671 Did well in Facebook; not as good in Google 8.6Rajesh Nagpal ….….….… HR recruiters use members scorecards to pinpoint right people for the job
  23. 23. TopTalent Impact on Recruitment Process TopTalent Confidential My GradeParameter 9.4Professionalism 9.3Innovation and creativity 9.8Integrity and reliability 8.6Team player 9.2Management skills 9.6Learning skills 9.0Efficiency 8.0Loyalty to work place 9.2Overall Member has the option to hide his scorecard from HR recruiters; In any case, member scorecard will not be exposed to his organization
  24. 24. TopTalent Linkedin Endorsements TopTalent Confidential Some endorsements-related statements from heavy Linkedin users: – “Nice to see on a profile, but it doesn’t have any substance to it - it’s cheap and dirty” ,Neil E. Peek, senior recruiter at Brocade – “Endorsements are useless because they don't explain the degree to which a person endorses your skill, or the reasons why”, Eric Simms, Independent Consultant – “Endorsements have already become meaningless because everyone is endorsing everyone for everything”, Steven Raz, Co-Founder & Managing Partner at Cornerstone Search Group – “I think the endorsements are silly. I am making it a practice not to endorse any skill that I haven't had the opportunity to see someone demonstrate. I'm not sure everyone use the same level of care, so I don't see it as meaningful”, Geraldine Mongold, Product Manager at Seilevel – “Linkedin connections is becoming more of a popularity contest”, Rajasekhar R, ERP Consultant at FLSmidth – “As an example, I have gotten endorsements from my relatives who have no idea of my qualifications or even what project management or business analysis means. It certainly does not seem to have any value. My wife asked a friend why the endorsement was made, and received the response: "it seemed like a nice thing to do“, Steve Blais, Solutions Architect at Parkson International
  25. 25. TopTalent Will Linkedin Imitate Grading Concept? TopTalent Confidential • We estimate the answer is NO. Why? 1. Grading mechanism may lead to members loss. It is unreasonable Linkedin will take that risk as Linkedin is all about size: 2. Large companies don’t imitate successful concepts – they buy them
  26. 26. People TopTalent Confidential
  27. 27. Steering Team TopTalent Confidential Udy Danino CEO and Co-Founder Yigal Danino Business Development and Co-Founder Ziv Parizat Product Manager Efrat Aghassy HR Consultant ? Marketing Manager
  28. 28. Advisory Board TopTalent Confidential Gideon Fisher Orna Segal Inas Said Erez Benovich Ilan Twig http://w ww.the marker. com/car 20.1eer/ 27633
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×