Summit14 -T3.2: Jobvite Index -Gaspar

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Summit14 - Jobvite Annual User Conference - Breakout Session Presentation. 4.30-5.1

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Summit14 -T3.2: Jobvite Index -Gaspar

  1. 1. What Makes a Great Recruiting Organization Brian Gaspar Jobvite, Sr Director of Product Marketing Jobvite Index
  2. 2. When Looking @ Numbers Know That… • Not All #’s Apply to You • Not All #’s Mean Something • Not All #’s are Real • Comparisons & Correlations Matter
  3. 3. 2.1 Million Employees $235 Billion Current Quarter Revenue 1.6 Million CEO & Company Ratings 19% Profit Margin 3 745 Thousand Positions $2.4 Trillion Market Capitalization 133 Countries 24 Months Of HCM & Market Data Collected Job Index Comprises Of…
  4. 4. 1 for 2661 for 123Employee Ratio Recruiters Human Resources Why Recruiters Are More Important than HR Expanding In 55 Countries64 Countries Work Environment AfghanistanGuatemala Median Total Cost $36 an Hour$44 an Hour Median Time to Fill 51 Days37 Days
  5. 5. What Makes a Great Recruiting Organization? 1. Achieve Growth Goals 1. Acquire Talent 2. As Soon as Possible 3. Acquire at a Reasonable Cost
  6. 6. Achieve Growth Goals
  7. 7. 14%18%Profit Margin Exceeded Missed Earnings Per Share $0.54$1.44 Open Positions 515891 Workforce Cost 23% of Revenue25% of Revenue Daily Filled Positions 1618 Financial Growth Market ExpectationsCompany Rating CEO Rating
  8. 8. Product & Innovation Growth
  9. 9. Product & Innovation Growth Recommendation • 20% Difference From Low to High
  10. 10. Market Capitalization Growth Missed Meet
  11. 11. Stock Price Growth
  12. 12. Acquire Talent
  13. 13. Where are the Engineers? 55% 2% 3% 2% 1% 1% 4% 23% 9%
  14. 14. Where are the Engineers Really At? 59% 9% 7% 3% 1.5% 1% 1% 1% 1.5% 1% 1%
  15. 15. Hiring Globally is Different
  16. 16. Social Recruiting • 56% More Job Seekers from Social Media • 54% Higher Rate of Jobvites being Viewed Offer Qualify Talent Pools Apply/Refer Inquiry/Prospect Attract • 2.5X More Applicants per Month • 90% More Candidate Communications • 22% Faster Time-to-Fill • 17% Higher Acceptance Rate • 54% More Hires from Referrals • 20% More Hires Per Month • 30% More Hires from Jobvites Start
  17. 17. Mergers & Acquisitions M&A Key Stats • Cost $117.8B or 3X Total Qtrly Employee Costs • Avg 1 Per Company • 39 by 1 Company • $27B Spent by 1 Company
  18. 18. Hire As Soon As Possible
  19. 19. Positions Closed within 30 Days
  20. 20. Days to Hire An Engineer in the US? 72 89 56 83 44 78 68 74 86
  21. 21. Days to Hire an Engineer Globally?
  22. 22. Employees Recommending Their Company Days to Fill • 61 Days – Low • 39 Days – High
  23. 23. 100% Applications 7.3% Requisitions 3.6% Interviews 1.2% Hires Pipeline Speed Days to Fill • 26 Days Jobvite • 38 Days High Tech • 45 Days Industry
  24. 24. Acquire at a Reasonable Price
  25. 25. Workforce Costs & Profitability
  26. 26. Hourly Wages
  27. 27. In Top 10 SW CountriesHourly Rate of an Engineer $22 $38 $15 $46 $26 $44 $25 $19
  28. 28. Stock Based Compensation Recommendation • 10% Difference From Low to High
  29. 29. What Makes a Great Recruiting Organization? Refined… • Exceed Financial/Product Targets & Ignore Stock • The World is the Talent Pool • Fill Positions in Less Than 26 Days • >70% of Employees Would Recommend the Company • On Avg, Spends <$24 an Hour For Engineers
  30. 30. THANK YOU!

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