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Eric Winegardner: Recruiting & Placement Strategies
The document discusses current trends in the US employment landscape and opportunities for placement and recruiting. It provides statistics on unemployment rates and discusses an evolving view of work. Specifically, it notes rising unemployment, a shift to online recruiting, and projects major growth in certain industries and jobs requiring postsecondary education or training by 2018.
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Eric Winegardner: Recruiting & Placement Strategies
- 1. Placement & Recruitingin Today’s Employment Landscape PRESENTED BY: Eric Winegardner VP, Client Adoption March 30, 2011 Pearson Learning Solutions Summit
- 2. Agenda Current EmploymentLandscape Attempt to Foresee the Future Opportunities around Placement Open Forum Q&A ATTEMPT to steer clear of Social Media Leave that to Juliette!
- 3. SAILING ON THEWINDS OF CHANGE
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- 5. National Unemployment Rate8.9% in February, 13.7 million jobless individuals
- 6. Unemployment by Duration60% unemployed longer than 15 weeks; 8.2 million 16% unemployed 15-26 weeks; 2.2 million 44% unemployed MORE than 27 weeks; 6+ million 17.5% unemployed less than 5 weeks; 2.4 million
- 7. Unemployment Rate byEducation Level 13.9% 9.5% 7.8% 4.3% 8.9%
- 8. Trends in theUnemployment Rate National Association of Colleges and Employers – June, 2010
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- 11. Other Interesting Datafrom February Additional 2.7 million Americans marginally attached to the workforce Total of 6.4 million Americans who want work, but aren’t considered unemployed 6.9 million MULTIPLE Job Holders; 5% of workforce 3.5 million hold 1 FT & 1 PT job 1.8 million hold 2 PT jobs 222,000 Americans work TWO FULL-TIME JOBS!
- 12. Online Recruitment ActivityContinues On Path Of Year-on-Year Growth About the Index: The Monster Employment Index provides HR professionals and labor market observers with a monthly snapshot of online job demand and employer recruitment activity. With traditional help-wanted advertising migrating online and nearly every Fortune 500 company utilizing online recruiting, the Monster Employment Index is uniquely positioned to contribute valuable data complementing official labor statistics. Tracking online job postings for positions to be filled within 30 to 60 days, the Index is an important leading indicator of labor market performance. Note that for each index series, the baseline value of 100 represents the average of the first 12 months of data. JAN 10 FEB 10 MAR 10 APR 10 MAY 10 JUN 10 JUL 10 AUG 10 SEP 10 OCT 10 NOV 10 DEC 10 JAN 11 Y-O-Y GROWTH 114 124 125 133 134 141 138 136 138 136 134 130 122 7%
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- 16. Full Reports AvailableOnline at: http://about-monster.com/employment/index/17 Site: Resource Center – Market Intelligence March Data Released tomorrow!
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- 18. The New Worldof Work
- 19. The New Worldof Work
- 20. Undergraduate Plans AfterGraduation National Association of Colleges and Employers – June, 2010
- 21. A new wayof looking at work? “ Stuff” You Like to Do “ Stuff” You’re Good at “ Stuff” Someone Will Pay You to Do Your Calling Environment
- 22. Does this changethings? Qualifying the Applicant? Supporting the Student? Placing the Graduate? Retaining the Employee?
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- 24. A Look Intothe Future
- 25. BLS 2018 Projections-Change in Occupational Group
- 26. BLS 2018 Projections-Change in Service Providing Industry
- 27. BLS 2018 Projections-Change by Education/Training Category
- 28. BLS 2018 Projections-Fastest Growth Occupations
- 29. BLS 2018 Projections-Fastest Growth Occupations- Numeric
- 30. Don’t we needbetter data than this? MORE TO COME!
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- 32. Thank You! EricWinegardner VP, Client Adoption [email_address] ewmonster
Editor's Notes
- #13 The number of average daily searches jumped from 4 million in 2008 to 5.2 million during the recession in 2009 Many employers could afford to pull back on third party advertisements as they were inundated with applications from their Career Sites & other sources. December 2010 the MEI saw an increase of 13% YOY. Conversely, the average number of responses per job DECREASED 13% YOY. As the market becomes more saturated with jobs and less saturated with active seekers, employers will need to do more to attract the talent they need.
- #14 - National unemployment is beginning to moderately decline, and the number of online opportunities is steadily on the rise (refer back to the MEI). As the employment market continues to shift, seekers (active, passive or poised) will have more choice among opportunities. How will employers stand out as the market becomes more saturated with new openings? Historical reference point. In October of 2007 the MEI value was 188 points, and unemployment was near 5%. In December of 2010, the MEI was 130 points and unemployment is 9.4%.* Encourage recruiters and managers to reflect on the recruiting challenges they had only 3yrs ago. You will notice that 2007 and 2008 are a mirror images of 2009 and 2010. It’s reasonable to expect the MEI and Unemployment to continue moving towards pre-recession levels. *Note - (The MEI takes a comprehensive look at competitor sites, career sites, newspapers, and various other sources in key markets. Not just Monster).