Idb linked in_may 24 2017
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LinkedIn is partnering with several governments and public employment services to help job seekers and provide useful labor market data. Pilot programs include distributing job postings from national job banks on LinkedIn, providing curriculum to teach job seekers internet and network skills, and sharing labor market information. LinkedIn is also exploring using professional networks to help reduce unemployment durations. The partnerships aim to increase applicant traffic for employers and help policymakers and job seekers make more informed career and policy decisions.
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Idb linked in_may 24 2017
- 1. LinkedIn & Public Employment Services Nate Williams Head of Civic Engagement
- 2. OUR VISION Create economic opportunity for every member of the global workforce
- 4. Country LinkedIn Members Brazil Mexico Colombia Argentina Chile Peru Venezuela Ecuador Costa Rica Dominican Republic Guatemala Puerto Rico Uruguay
- 5. Working with Public Employment Services Pilots underway • Job Bank distribution. We have partnered with several governments to distribute jobs from national job banks on LinkedIn in order to increase applicant traffic flow. • Job Seeker Services (curriculum). We are working with NASWA in the US to create a curriculum for job centers that teaches internet job search and network building. • Labor Market Information. We have provided LMI to governments around the world on a consultative basis, including the US, Canada, UK, Belgium, Italy, Singapore, China, and Australia and many others. • Unemployment Benefits. We are undertaking a pilot in the US to determine whether network-based job search can reduce unemployment duration for UI recipients. • Vocational Education. We are undertaking a pilot in the US to accept vocational program data from a state government and make it available through LinkedIn. Focus for Today
- 6. Job Search and Distribution
- 7. Job Search on LinkedIn is Network-Based Academic Research has long proven the value of network-based hiring • “Why the Referential Treatment? Evidence from Field Experiments on Referrals. “ • Research performed in 2015 by Harvard University, NBER, Coursera • Key Quote: “The use of social connections is ubiquitous in the labor market. More than half of jobs are found through informal connections and firms are more likely to hire referred than non-referred applicants, all else equal.” • Do Informal Referrals Lead to Better Matches? Evidence from a Firm's Employee Referral System. • Research performed in 2014 by MIT, Federal Reserve Bank of New York • Found that while referrals only made up about 6% of total applications, they resulted in more than 25% of hires. • Key Quote: “We find that referred candidates are more likely to be hired; experience an initial wage advantage which dissipates over time; and have longer tenure in the firm… The observed referral effects appear to be stronger at lower skill levels.” • The Value of Hiring Through Employee Referrals • Research performed in 2016 by University of Minnesota, University of California – Berkeley, University of Toronto, Cornerstone • Research Found: Compared to non-referred applicants, referred applicants are more likely to be hired, less likely to quit, have lower accident rates, and yield substantially higher profits per worker than non-referred workers.
- 10. Jobs Distribution through LinkedIn US case study • The Challenge. The National Association of State Workforce Agencies (NASWA) and their tech partner, Direct Employers, list job postings as an employer service. They wanted to provide more job applicants to employers and were looking for a way to boost distribution. • The Partnership. LinkedIn and NASWA formed a partnership where LinkedIn agreed to take an inbound data feed of jobs and make it available to our 130 million US members. • The Process. The agreement was signed in October 2016, the data feed was tested and set up in December. The jobs were live in LinkedIn’s system in January 2017. • The Result. 5 months later, as of May 2017, NASWA and Direct Employers estimate that 30% - 45% of all applicants to employers are now sourced through LinkedIn.
- 12. Labor Market Information for Job Seekers Helping members make better career decisions
- 13. Labor Market Information for Job Seekers Helping members make better career decisions
- 14. Labor Market Information for PES Helping policymakers make informed decisions WEF Human Capital Report Change the way we measure human capital to influence policy and business released in July 2016
- 15. Labor Market Information for PES World Economic Forum Report highlighted skills and talent flows LinkedIn data reveals that understanding human capital at the actual skills level is crucial because formal qualifications alone are often insufficiently meaningful Data from LinkedIn’s Economic Graph makes it possible to visualize the inflow and outflow of human capital between countries ... identify the specific skillsets countries are gaining and losing in the global marketplace for talent.
- 16. We look forward to working with IDB and the countries and organizations represented at the conference today.
- 17. Appendix