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What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

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Bill Fowles, ABB

Companies that value talent have invested in building and growing that talent through LinkedIn and internal recruiting departments. Budgets have been created to invest in these departments and ensure they are maximizing and getting the best ROI out of this investment, but how are they measuring this success? Is it just number of hires? Is it speed of the hires? How are they measuring the quality of the candidate pool? In my session, I will discuss key metrics that HR, recruiters and executives will understand and make sense of the investment and the ROI in building a strong talent team. Coming away from this session individuals will have an opportunity to look at our KPIs and metrics and incorporate those into their key metrics for their organization.

Key highlights:
Using LI Metrics to measure success and gain insights into the ROI of their tools-review of key data in LI, usage, inmails, searches and pipelines in LI on a weekly, monthly and quarterly basis.
Key Sourcing Metrics we use to measure our recruiters effectiveness and ability to maintain workloads-number of phone screens, submittals to interviews to hires and pipeline lead generation metrics used to measure their success.
Quality of Hire - I will share how we use our data to measure the quality of hire by each recruiter and how our hiring managers view our quality of candidates as a way to evaluate our talent team.

Check out the best of Talent Connect: http://bit.ly/2e5ojNe

Published in: Recruiting & HR
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What matters most in metrics for sourcing talent on LinkedIn | Talent Connect 2016

  1. 1. ​Bill Fowles ​ABB What Matters Most in Metrics for Sourcing Talent on LinkedIn
  2. 2. 10.50% 11.70% 12.80% 13.40% 15.30% 15.90% 16.70% 17.30% 17.80% 18.20% 18.40% 18.90% 19.10% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 20.00% Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Hundreds ABB Talent Brand Index grew from 10% to 19% Our strategy is working and our employer brand is growing
  3. 3. 3 Key Metrics Talent Sourcing Metrics LinkedIn and ROI Quality of Hire 1 2 3
  4. 4. One of the world’s leading engineering companies, we help our customers to use electrical power efficiently, to increase industrial productivity and to lower environmental impact in a sustainable way.
  5. 5. Merger of Swiss (BBC, 1891) and Swedish (ASEA, 1883) engineering companies 135k Employees +100 Countries $38B In Revenue 1895 126 years old
  6. 6. Branding Talent Brand Index Budget Cost per Hire Market Demand Engineers Our Challenges
  7. 7. 1. Talent Sourcing Metrics Sourcing Metrics Defined – recruiter based Key Performance Indicators – business driven
  8. 8. Targets Insight Phone Screens Daily activity ensures pipeline Submittals to Interview Conversion Measures by hiring manager Candidate Surveys Measures by candidates
  9. 9. Phone Screens Submittals Hires Goal: Daily Volume Goal: >80% Goal: Hires
  10. 10. Speed of Hire Time to Fill
  11. 11. Time to Fill 75-85 days 55-65 days 2013 2016 3 yr. avg <70 days
  12. 12. 89 91 125 111 96 72 70 110 126 104 122 119 0 50 100 150 200 0 10% 20% 30% 40% New Hires Impacted by Linkedin by Month NewHiresImpactedOrangeLine NewHiresImpactedBlueBars 7% 7% 10% 14% 23% Support Program Mgmt. Uknown Sales Engineering New Hires Impacted by Linkedin by Month 77% 18% 5% Individual Contributor Manager Director & Above New Hires Impacted by Seniority 1207 Hires (USA) 33% % Hires Impacted Impact of sourcing and TBI resulted in 33% Impacted Hires
  13. 13. 2. LinkedIn ROI ​Daily Usage ​Searches Performed ​Inmails Sent ​Inmails Accepted ​Pipeline metrics to consider
  14. 14. LinkedIn Recruiter Seats
  15. 15. Searches Performed Saved Searches
  16. 16. InMail Volume InMail Ratio to Profiles Viewed
  17. 17. Target 25-30% Accept to Response Rate 90% surveyed on LinkedIn indicate they are open to new opportunities
  18. 18. Pipeline Analytics
  19. 19. The new LinkedIn Recruiter Index (LRI), a great way to benchmark your team and measure ROI.
  20. 20. 3. Quality of Hire Hire Manager Surveys Performance and Retention LinkedIn measures
  21. 21. Turnover and Retention 49 % 50 % New Hire Performance Evaluaiton 43 % Hiring Manager Satisfaction LinkedIn Global Recruiting Trends 2016: Talent at the Core Most Used Quality of Hire Metrics % TA respondents who use metric
  22. 22. Surveys provide real- time feedback
  23. 23. % High Demand Hires Retention Rates
  24. 24. Av # of Recommendations
  25. 25. 3 Key Metrics Talent Sourcing Metrics LinkedIn and ROI Quality of Hire 1 2 3

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