Talent Talk Webinar Recruiting In A Down Economy

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A tough economy can make hiring the right people much more difficult. More resumes can mean more high quality candidates, but finding them becomes harder. This webinar provides real world advice to recalibrate your efforts to make sure you are targeting the right sources, clearly communicating the type of candidate you are looking for in the job requisition and taking the right steps to intelligently sort through an increasing large stack of resumes. Talent management expert David Freeman walks you through simple steps and strategies for recruiting in a down economy. You’ll learn:

• What challenges are being created by the current economic environment and how to overcome them

• How to create an effective sourcing plan to build a pipeline of high-quality applicants and how to effectively manage the pipeline

• How to leverage your existing resources for improved results

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Talent Talk Webinar Recruiting In A Down Economy

  1. 1. “ Recruiting in a Down Economy” Hosted By: David Freeman Talent Management Solutions Consultant Cytiva Software Inc.
  2. 2. Ask Questions Enter Question Press Send
  3. 3. “ Recruiting in a Down Economy” <ul><li>What challenges are being created by the current economic environment and how to overcome them </li></ul><ul><li>How to create an effective sourcing plan to build a pipeline of high-quality applicants and how to effectively manage the pipeline </li></ul><ul><li>How to leverage your existing resources for improved results </li></ul>
  4. 4. “ Recruiting in a Down Economy” <ul><li>8,500,000 </li></ul>8.5M Eight Million Five- Hundred Thousand
  5. 5. “ Recruiting in a Down Economy” <ul><li>Unemployment rate at 5.5% according to the Bureau of Labor Statistics </li></ul><ul><li>8,500,000 people currently unemployed </li></ul><ul><li>34% of employers have reported a decrease in hiring activity (Harris Interactive) </li></ul>WRONG!
  6. 6. “ Recruiting in a Down Economy” Why is it tougher to hire? <ul><li>Candidates flooding the job boards </li></ul><ul><li>Higher quality candidates afraid to make a change </li></ul><ul><li>Competition more aggressively pursuing top talent </li></ul><ul><li>Competition ramping up retention efforts </li></ul>
  7. 7. “ Recruiting in a Down Economy” Have a plan! <ul><li>Evaluate your current retention plan </li></ul><ul><li>Establish a sourcing plan that will allow you to attract the right applicants </li></ul><ul><li>Leverage your existing assets </li></ul>
  8. 8. “ Recruiting in a Down Economy” Evaluate your retention plan! <ul><li>Be careful not to cut too many benefits </li></ul><ul><li>Avoid “freezing” merit increases </li></ul><ul><li>Avoid a general “hiring freeze” </li></ul><ul><li>Assess the skills of existing employees </li></ul><ul><li>Go the extra mile to praise and reward performance – one-on-one’s </li></ul>
  9. 9. “ Recruiting in a Down Economy” Evaluate your retention plan! <ul><li>Consider changes to lessen the economic burden on your employees </li></ul><ul><li>Focus on improved productivity </li></ul><ul><li>Do an excellent job of onboarding, orientation, training, development and evaluation! </li></ul>
  10. 10. “ Recruiting in a Down Economy” Establish a sourcing plan! <ul><li>Great time to freshen up your corporate career site </li></ul><ul><li>Re-brand your job ads </li></ul><ul><li>Strengthen your employment brand </li></ul><ul><li>Take advantage of your #1 source (ERP) </li></ul><ul><li>Identify flailing industries and go after top performers </li></ul>
  11. 11. “ Recruiting in a Down Economy” Establish a sourcing plan! <ul><li>Leverage tools to weed through large volumes of applicants </li></ul><ul><li>Take time to redefine required skills/ideal employee profiles </li></ul><ul><li>Network, Network, Network </li></ul><ul><li>Streamline your hiring process, but don’t be afraid to wait for top performers </li></ul><ul><li>Strengthen your focus on selling opportunities vs. recruiting </li></ul>
  12. 12. “ Recruiting in a Down Economy” Leverage your existing assets! <ul><li>Recruiting </li></ul><ul><ul><li>Analyze your recruiting effectiveness </li></ul></ul><ul><ul><li>Take advantage of this time to strengthen your recruiting team </li></ul></ul><ul><ul><li>Allow recruiters to take on new assignments such as; employment branding, building your retention plan, improving your hiring process, developing existing talent, etc </li></ul></ul>
  13. 13. “ Recruiting in a Down Economy” Leverage your existing assets! <ul><li>Technology </li></ul><ul><ul><li>Put your current technology to use </li></ul></ul><ul><ul><li>Consider additional resources that can reduce costs, improve performance, etc </li></ul></ul><ul><ul><li>Reallocate online recruitment advertising dollars </li></ul></ul>
  14. 14. “ Recruiting in a Down Economy” Leverage your existing assets! <ul><li>People </li></ul><ul><ul><li>Continue to train and develop </li></ul></ul><ul><ul><li>Build a strong succession plan & demonstrate a commitment to internal growth </li></ul></ul><ul><ul><li>Take advantage of opportunities to strengthen the team </li></ul></ul><ul><ul><li>ERP, I can’t say it enough! </li></ul></ul>
  15. 15. “ Recruiting in a Down Economy” Have a plan! <ul><li>Evaluate your current retention plan </li></ul><ul><li>Establish a sourcing plan that will allow you to attract the right applicants </li></ul><ul><li>Leverage your existing assets </li></ul>
  16. 16. <ul><li>Cytiva’s Free Webinar series </li></ul><ul><ul><li>Sourcing Talent in a Time of Scarcity </li></ul></ul><ul><ul><ul><li>- 8/14/08 10-11 AM PDT </li></ul></ul></ul><ul><ul><li>Getting the Most Out of Your Recruiting Investment </li></ul></ul><ul><ul><ul><li>- 9/11/08 10-11 AM PDT </li></ul></ul></ul><ul><ul><li>Six Steps To Implementing Performance Management Software </li></ul></ul><ul><ul><ul><li>- 9/18/08 10-11 AM PDT </li></ul></ul></ul><ul><ul><li>Interview Techniques and Strategies for Hiring top Performers </li></ul></ul><ul><ul><ul><li>- 10/09/08 10-11 AM PDT </li></ul></ul></ul><ul><ul><li>Retention: The Key to a Successful Recruiting Plan </li></ul></ul><ul><ul><ul><li>- 11/20/08 10-11 AM PT </li></ul></ul></ul><ul><li>Register at: www.sonicrecruit.com/company/events.htm </li></ul>
  17. 17. “ Building an Effective Referral Program to Source Quality Hires” <ul><li>Cytiva Software Inc. offers a wide variety of products and services to help you get the most out of your recruiting efforts. </li></ul><ul><li>Talent Acquisition System </li></ul><ul><ul><li>Custom career sites </li></ul></ul><ul><ul><li>Employee referral management </li></ul></ul><ul><ul><li>Career agents </li></ul></ul><ul><ul><li>Ad posting and tracking </li></ul></ul><ul><ul><li>Manager self-service </li></ul></ul><ul><ul><li>Contact management/Outlook integration </li></ul></ul><ul><ul><li>EEO/OFCCP compliance </li></ul></ul><ul><ul><li>Vendor Management Module </li></ul></ul><ul><ul><li>Onboarding Module </li></ul></ul><ul><ul><li>Hourly Recruiting System </li></ul></ul><ul><li>Consulting </li></ul><ul><li>SonicPerform Performance Management System </li></ul><ul><li>To learn more contact: </li></ul><ul><li>David Freeman </li></ul><ul><li>Talent Management Solutions Consultant </li></ul><ul><li>877-775-0888 </li></ul><ul><li>www.sonicrecruit.com </li></ul>
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