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CareerBuilder's Empower 2017

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Matt Ferguson discusses the state of the labor market, solving the skills gap, opportunities in human capital management and CareerBuilder's commitment to innovation.

Published in: Recruiting & HR
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CareerBuilder's Empower 2017

  1. 1. 9/8/2017 © 2017 CareerBuilder Matt Ferguson, CEO of CareerBuilder WELCOME TO EMPOWER 2017
  2. 2. 2 © 2017 CareerBuilder NEW OWNERSHIP STRUCTURE 2
  3. 3. 3 © 2017 CareerBuilder Unified Solutions • Onboarding • Benefits Administration • ACA Compliance CareerBuilder Human Capital Management CareerBuilder Employment Screening • Talent & Labor Market Analytics • Job Advertising & Promotion • Candidate Sourcing • Applicant Tracking & Management CareerBuilder Recruiting Solutions • Background Checks & Verifications • Drug Testing & Health Services • Electronic I-9 & E-verify
  4. 4. 4 © 2017 CareerBuilder#CBEmpower State of the Labor Market
  5. 5. 5 © 2017 CareerBuilder The Fourth Industrial Revolution Source: "The Future of Jobs: Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution" by The World Economic Forum, January 2016 entering primary schools today will work in jobs that don’t currently exist. 65% of children
  6. 6. 6 © 2017 CareerBuilder6 © 2017 CareerBuilder of HR managers believe artificial intelligence will become a regular part of HR within the next five years. 55% Source: Data from CareerBuilder's nationwide survey of 231 human resource managers, March 2017
  7. 7. 7 © 2017 CareerBuilder CAREERBUILDER’S 2017 MIDYEAR JOB FORECAST Of Employers are Feeling Pressure TO PAY WORKERS MORE Plan to increase compensation for current employees. Say entry-level workers can also expect a boost today 32% 72%of employers are feeling pressure to PAY WORKERS MORE 53% plan to offer HIGHER STARTING SALARIES for new employees over the next six months; plan to INCREASE STARTING SALARIES BY 5% OR MORE. 66%plan to increase compensation for current employees. 61%say entry-level workers can also expect a boost in pay.39% in ‘16 % OF EMPLOYERS PLANNING TO HIRE IN THE SECOND HALF OF 2017 Full-time, permanent workers 60%50% in ‘16 Temporary or contract workers 46%32% in ‘16 Part-time, permanent workers 36%29% in ‘16
  8. 8. 8 © 2017 CareerBuilder 1977 2007 2017 LOW LABOR FORCE PARTICIPATION RATE More than 80of job growth, yet the labor force participation rate is still low. CONSECUTIVE MONTHS 62.9%62.4% 66.0% Source: U.S. Bureau of Labor Statistics
  9. 9. 9 © 2017 CareerBuilder $10 $15 $20 $25 $30 1990 2000 2010 2015 Where Employment and Wage Growth Are Highest Wages are higher and increased more in occupations requiring relatively higher levels of social or analytics skills Average hourly wage, in 2015 dollars Note: Based on civilian wage and salary workers ages 16 and older. Self-employed workers not included. Source: Pew Research Center analysis of O*Net and Current Population Survey outgoing rotation files. “The State of American Jobs” | PEW RESEARCH CENTER Higher Physical All Jobs Higher Social Higher Analytical 16 17 18 18 19 21 22 22 22 25 26 26 2727 25 23 $0
  10. 10. 10 © 2017 CareerBuilder#CBEmpower Solving the Skills Gap: Creating the Talent of the Future
  11. 11. 11 © 2017 CareerBuilder11 THE BILLION DOLLAR PROBLEM 36% of workers feel underemployed. The average cost they incur for having extended vacancies is $800,000+ annually. Nearly 60% of employers have jobs that stay open for 12 weeks or longer. Source: Data from CareerBuilder's nationwide surveys of more than 2,000 employers and 3,000 workers in December 2016 and March 2017
  12. 12. THE SOLUTION 12 © 2017 CareerBuilder Employers need to assume more responsibility for training and embrace workers who have developed skills through alternative education models. Workers need to view education as a lifetime pursuit.
  13. 13. 13 © 2017 CareerBuilder CULTURE OF INNOVATION
  14. 14. 14 © 2017 CareerBuilder Alternative Training Programs
  15. 15. 15 © 2017 CareerBuilder Other Trends Helping to Reduce Talent Deficits 15 More resources are available to help workers make the right decisions for their careers. Women are gaining ground in management and various STEM-related jobs. More than half of employers have hired low-skill workers and trained them for higher- skill jobs within their firms in the last two years.
  16. 16. 16 © 2017 CareerBuilder Arming Workers with Actionable Data
  17. 17. 17 © 2017 CareerBuilder#CBEmpower Opportunities in Human Capital Management
  18. 18. 18 © 2017 CareerBuilder Strengthening the Weakest Link in the Company Experience Not recognizing when the employee experience really begins Weak career site Failure to re-engage past candidates Long, drawn out applications with no mobile-friendly options A limited ATS or no ATS at all Using the same message and method for communicating to all audiences Slow background check process Not staying connected with candidates after they accepted the position Lack of a structured onboarding process
  19. 19. 19 © 2017 CareerBuilder What Would You Do With 14 Hours Back in Your Week? HR managers who don’t fully automate human capital systems say they lose an average of 14 hours a week manually completing tasks that could be automated. HR Function Fully Automated Partially Automated Not Automated Payroll 50% 42% 7% Background checks/drug testing 39% 35% 21% Applicant tracking 38% 35% 21% Benefits administration 34% 49% 13% Distributing job postings to different websites 30% 36% 28% Compliance 25% 45% 27% Performance management 24% 38% 33% Sourcing job candidates 20% 47% 25% Predictive assessments 20% 24% 25% Training/learning 18% 47% 28% Employee referrals 16% 29% 45% Onboarding 15% 56% 26% © 2017 CareerBuider Source: Data from CareerBuilder's nationwide survey of 231 human resource managers, March 2017
  20. 20. 20 © 2017 CareerBuilder#CBEmpower CareerBuilder’s Commitment to Innovation
  21. 21. 21 © 2017 CareerBuilder CareerBuilder’s mission is to EMPOWER EMPLOYMENT. We are striving to ORGANIZE all the world’s human capital data and make it MEANINGFUL FOR SOCIETY. © 2017 CareerBuilder
  22. 22. 22 © 2017 CareerBuilder CareerBuilder’s Ecosystem Five Platforms To Find, Hire & Manage Great Talent Applicant Tracking Talent Discovery Background and Drug Screening Job Boards Human Capital Management
  23. 23. 23 © 2017 CareerBuilder Connecting Job Seekers with Employers Faster • Personalized home page with job browsing and apply history • Search by commute time • New semantic library Speed and Ease • Launch of more intuitive mobile app with advanced search capabilities Anytime, Anywhere • Resume View Notification • Job Competition Snapshot • My Career Path Insights
  24. 24. 24 © 2017 CareerBuilder Talent Discovery | New Search Platform 01 | PLAN Leverage labor market data to improve your sourcing strategy. Align hiring managers and recruiters using our first-to-market intake tool. 03 | MATCH Post a job, and get matched candidates instantly – saving you a step in your sourcing process. Leverage semantic search to help you find all relevant talent. Interact with the related terms applied to personalize your search. 02 | SEARCH Quickly find the right talent — whether it’s private profiles imported from your ATS, previously acquired talent from CareerBuilder products or 150 million CareerBuilder candidates in one interface. 04 | ENGAGE Communicate with critical talent via targeted email campaigns. View real-time analytics to target who to follow up with.
  25. 25. 25 © 2017 CareerBuilder CareerBuilder Applicant Tracking - More Power and Possibilities Multiple, Customized Workflows Single Sign On Enhanced ATS Search Enhanced Reporting Background Screening Integration Onboarding Integration Interview Scheduler Two-Way Email Integration with Third Parties
  26. 26. 26 © 2017 CareerBuilder Employment Screening – Growing and Gaining increase in operational headcount to support clients 2,000 new customers and Performed more than 17 million background checks to date Drug Testing & Health Services Background Checks Due Diligence
  27. 27. 27 © 2017 CareerBuilder Human Capital Management – Consolidated and Configurable ACA Compliance Make sense of complex regulations and manage required documentation New Employee Onboarding Create, store and automate all new hire documentation Configure different paths for different employee groups Ben Admin Consolidate all benefits administration into one, configurable platform Exchange Control health care costs and provide a wider range of benefits options for employees through a defined contribution approach
  28. 28. 9/8/2017 © 2017 CareerBuilder Thank you HOW DID WE DO? You can tell us now by visiting the app to provide your review.

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