The document summarizes ConocoPhillips' journey to excellence in recruiting from 2005 to 2010. It describes how recruiting was initially challenged by rapid growth, inconsistent processes, lack of technology and metrics. ConocoPhillips developed a global recruiting program, implemented the Taleo platform, shifted to a centralized recruiting model in the US, and began routinely using analytics to improve processes and measure results. By 2010, recruiting had consistent global processes, a successful centralized model, and was achieving key performance indicators for efficiency and effectiveness.
4. People Strategies Play a Key Role in Business Results People Implications Business Results Business Strategy People Strategies “ We firmly believe that people are the key enabler to implementing business strategies successfully” Global Workforce Planning Succession Planning Employee & Leadership Development Compensation & Benefits Recruiting & Staffing Performance Management Talent Management Processes 4 Changing Business Environment Industry Trends Internal Trends
9. Development of COP Recruiting Program Improving Business Efficiency and Effectiveness Building Recruiter Competencies in Organization Growing Talent Pools & Managing Candidate Relationships Recruiting Analytics Employment Branding & Sourcing Strategy Taleo Technology Platform Global Recruiting Process Foundation for Success 9
10. Recruiting Analytics Drive Investments Strong global markets drive significant growth in external hiring Global Recruiting Process Mapping Globalize processes and technology Taleo UK & Norway 2008 2011+ Taleo US & Canada Staffing Process Metrics in Operation Refining Process Metrics Environment Focus Area Processes & Metrics Technology Sourcing Talent Contingent Staffing Project 2010 Careers Website Launch Pilot leveraged recruiting team for Corporate Staffs Recruiting decentralized across BU’s Taleo Rest of World Launch Leveraged Recruiting Model-US & Canada Intl Staffing Process Implementation Recruiter Organization Internet Postings to Major Job Boards Market decline – position recruiting processes for future return to hiring Forecast economic recovery, return to normal hiring levels Talent Pipelines Launch Leveraged Recruiting Model- Europe & APAC Diversity Sourcing: Career Fairs, Univs Employee Referral Analysis Case Study #1 Case Study #2 Case Study #3 ConocoPhillips Recruiting History 10 2009 2006-2007
11. Recruiting Analytics #1 – Taleo Implementation COP Taleo Implementation in North America significantly exceeded project benchmarks, resulting in ~ $ 5 MM in improvements over first two years 11 4.3 Improved by 30% Reduced from 5% to 3% Reduced additional 6 days 2008 Results NA Benchmark year – managers reviewed 50,000 resumes in 2007 Reduced from 16% to 5 % Reduced by 10 days 2007 Results 4.2 out of 5 Recruiter service delivery Hiring Manager Satisfaction $50,000 savings in manager productivity Increase resumes screened by 20% Too many candidates burdens managers Candidate Screening Metric $2.7 MM savings in reduced fees Reduce usage 10% High placement fees drive staffing costs up % Search Agency Usage $2.1 MM savings in reduced vacancy costs Reduce by 5 days Lost productivity costs; loss of highest quality candidates Time to Fill 2 Year Savings Project Benchmarks Why Measure? Project Success Measures
. Pose a question to a group: What if the business environment changes in a positive way in that the economy improves significantly, and how would that impact TM End with the point that all HR professionals must understand business trends and strategies if they are to be truly effective at COP.
I also explained each slide show the diversity of the workforce in terms of work location, education, ethnicity, gender, etc.
July YTD Attrition Metrics : ?? 7.2% of age 55+ employees retired at average age 59.0 (12.3% annualized) Annualized resignation rate = 3.8% with 73% from professional grades Employees age 35 & under have 7.5% - 8.2% annualized resignation rate Exit Survey — Reasons for leaving for those 40 and below are very similar to top performers Primary (Advancement, recognition and personal) Secondary (Personal, immediate supervisor, location/obstacles tied) Improved effectiveness for N America recruiting: Time to fill COP N. American average = 46 days posted to offer COP N. American average = 69 days posted to hire (since we printed this chart, finance has dropped down to 46/71 vs. the 66/110 shown: others still very similar) Compliance for new US electronic hiring regulations Time To fill and access to candidate pool for effectiveness Access to large candidate pool- 60,000 + resumes from x countries Online availability to all recruiters Avg x # applicants per job Increased efficiency and lower costs- Automatic screening for 60% of candidates Search firm usage down to 4% from 15% 2007 expected benefits are $1.7 MM Other Attrition Facts: As of 7/07, annualized retirement rate = 1.9% (how compare to 2006 – tbd)
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While having a global process and technology platform are critical foundations to efficiency & effectiveness in recruiting, it is equally critical to have the remaining pieces in this picture to continue in efficiency and effectiveness. We will spend 18 months on the global process & technology platform but we are only just starting on the rest of these boxes. Employment branding & initial advertising strategy will be done by July 2007. Advertising strategy and employment branding will then continue to be refined with time and location. We don’t develop a brand, we uncover our brand---what is distinctive about COP and is valued by the people we are trying to get. We are in the Fortune 6, we provide professional development, people get to help solve significant challenges (for intelligent problem solvers), multi-cultural company. Now the challenge we have is to determine the difference between us and Schlumberger (working significant challenges around the world where you can have immediate impact) or XOM (if you’re the best in the world, XOM is the place for you to be) Candidate Relationship management, Consultant speak, is about every interaction you have with candidate from inviting them to consider your company at your website to having them have a great first 2 months with the company. It includes many “transactional things that annoy all you guys---because you mostly have to do them---like a thank you note for applying for a job, scheduling the assessments and making it easy, booking their travel for interviews, the whole professional nature of the interview, getting them back and forth from the airport when they come form the interview, reimbursing their miscellaneous expenses, sending out their offer letter promptly, providing them easy access data for pre-employment medical checks, answering their pre-employment questions on benefits, hours, sending their offer letter, greeting them when they show up, having an office ready, having the supervisor ready with assignments, and doing their orientation. Technology helps a little, building out roles and responsibility and completing the rest of the process. So finally what are good competencies---writing the job descriptions, tie the screening questions to the job description, ferreting out from the manager what he wants and taking the burden from him. Having great depth in the targeted advertising arena—where to go to get good candidates.
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In conclusion, we have a strong asset base … a strong financial position … strong technology … and a strong and smart employee population. I hope this presentation has helped you to better understand our company.