Emerging Workforce Trends

  Employment: What's Really Going On?   The Age of Women and why we are in a "HE"-cession.   Emerging culture of sustainability & it’s impact on recruiting.   How technology is changing the way we recruit, work and learn.

  Unemployment is 10.2% - highest since 1983.   Most losses recently in heavy and non- residential construction. Other losses in retail: bookstores and sporting goods.   Most gains in health care – added 29,000 jobs in October.

City Postings to Unemployed Washington, D.C. 1:1 Baltimore, MD 1:1 Salt Lake City, UT 1:2 San Jose, CA 1:2 New York, NY 1:2 Postings to Unemployed Persons Indeed.com September 2009

City Postings to Unemployed Rochester, NY 1:7 Las Vegas, NV 1:8 Riverside, CA 1:9 Miami, FL 1:12 Detroit, MI 1:18 Postings to Unemployed Persons Indeed.com September 2009

Major Industries Job Postings Annual Change Accounting 120,742 -16% Construction 80,913 -34% Education 100,903 +15% Financial Services and Banking 192,310 -18% Healthcare 541,200 -15% Hospitality 75,056 -1% Information Technology 232,686 -24% Manufacturing 79,214 -21% Media and Newspaper 28,117 -30% Real Estate 23,537 -4% Retail 259,814 +2% Transportation 67,107 -25% October 2009 Indeed.com

  Anything to do with Epidemiology.   Personal financial advisors   Actuaries   Marketing managers   Market research   Math & statistics   Anything in medical science/nursing   Advertising/Promotion   Geoscientists   Education administrators/some teachers

  Very slow recovery.   Old jobs will not return in large numbers.   Permanent loss of jobs in manufacturing.   Slow, continued gains in health care, education, computer science.   Increase in temporary jobs –up 34,000 in October.

  SurePayroll reports:   July 2009, Contractor Index: 4.13 percent.   For every 100 workers engaged by small businesses, 4.13 are 1099 independent contractors and 95.87 are W-2 employees.   4.13 percent is the high point for the Contractor Index since January 2004. http://www.surepayroll.com/scorecard/2009/july/review.asp

  Self-employment grew seven times faster than wage- and salaried-employment from 2002 to 2006   The Enterprise Center at Salem State College.   Elance.com recently passed the $200 million mark for freelance work delivered online.   client base of more than 60,000 businesses.

“HE”-cession Unemployment June 2009 Men 9.8% Women 7.5%

  Simple is good   Just enough is enough   Reuse/Recycle/Retain/Refresh

  Employers will seek fewer, better people.   Focus on cultural fit   Pre-employment screening   Temp to Perm and other forms of employment will become more popular.   RPO will gain traction.

  Hire and retain for broad-based competence.   Retrain and develop through cross- functional and rotational experience and through informal networks.   Redeploy and retrain constantly.   Remove barriers to internal movement.

  Automated search   Deep vertical functional social communities   Video everything   Candidate experiences & communication

  Social media is now core   Web 2.0/SEO   Facebook 5 years old w/ 200+ million users   Twitter soars   Founded 2006   Estimated daily users – 14 million+   Search has begun the path to automation.   Entice Labs   Profiles are slowly replacing resumes.   Jobvite

  Heavily video-based.   Virtual tours and video interviews will start appearing.   Online assessment and simulations will help determine fit and skills.   Much more interactivity and faster decision-making.

  Moves from job boards and intensive Internet search to. . .   Talent pools and proprietary social networks.   Moves from hunting to attracting via higher quality branding and CRM.

  Goal: Lowering sourcing time to less than one day.   Creating targeted attraction strategies.   Screening for fit/competence.   Building a relationship virtually.   Creating a knowledge base about candidates.   Inviting to apply when appropriate.

  Cindy H. White, a communications associate professor at the University of Colorado in Boulder says:   physical connection is being replaced by cognitive and knowledge-based relationships.   Instead of sharing space together, people share thoughts, ideas and feelings.

  1999   2009   Candidate   Candidate   Read about company in   See job posting/read career paper/brochure website   Ask friend/neighbor/   VM/IM/Talk to recruiter/other colleague employee   Mail resume   Search for “reviews” Complete profile online Recruiter       Call candidate   Recruiter   Phone screen   Email/IM candidate   Set up face-to-face interview   Online/phone screen   Call candidate to update   Schedule interview using online status/discuss tools   Sit with candidate to make   Set up online screening/ offer assessment   Mail formal offer   Email candidate status/updates   Email offer to candidate

Social Networking Sites

Source: Quantcast; October 2009

Engages people to send targeted job invitations to contacts in their social networks.

Allows you to personalize communications with potential candidates and to track your communication with them.

  Work is getting virtual, companies smaller and simpler.   Work is being outsourced and automated at an unprecedented pace.   All traditional ways of thinking about work and recruiting are being challenged.

  Increase in temporary and contract workers.   Very slow growth of regular employment except for senior level executives.   Focus on upgrading existing positions.   Growing interest to offload some or all of recruiting to a third party.   Continuing uncertainty about what is “normal.”

Learn about The Future of Talent Institute Be a leading contributor to your company’s talent acquisition and development practices! Participants at the World Café - FOT Retreat 2008   Calibrate your thinking with the edge of tomorrow’s talent trends and emerging practices.   Learn from each other and a team of gurus.   Explore new practices and technologies. A membership organization offering research, white papers, consulting and an annual retreat. Find out more at www.futureoftalent.org Contact Kevin Wheeler at kwheeler@futureoftalent.org OR Susan Burns at sburns@futureoftalent.org for more information

  Write to me at :   kwheeler@glresources.com   Follow me on Twitter at:   www.twitter.com/kwheeler   Read my blog at:   http://www.byteeoh.com   Read me on ERE:   www.ere.net

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Emerging Workforce Trends

by beeshields on Nov 23, 2009

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Emerging Workforce Trends — Presentation Transcript