Mpg 2014 talentshortagewebinr_final071514

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Sharing results of the ManpowerGroup 2014 Talent Shortage Survey. Discussing trends in talent.

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Mpg 2014 talentshortagewebinr_final071514

  1. 1. 2014 Talent Shortage Trends Understanding the Challenges Tom Becker Vice President of Recruiting North America July 18, 2014
  2. 2. ManpowerGroup Meet today’s presenter 2Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage Tom Becker @TomBecker Vice President of Recruiting North America tom.becker@manpowergroup.com Tweet along with Tom! #TalentShortage and @TomBecker
  3. 3. ManpowerGroup What we’ll cover today 2014 Talent Shortage survey results Top 10 hardest jobs to fill Why employers are having difficulty filling positions and strategies to overcome the talent shortage Recruiting strategies you can pursue Job search tools you can leverage 3 Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage 1 2 3 4
  4. 4. ManpowerGroup 4Friday, July 18, 2014 ManpowerGroupTM is the world leader in innovative workforce solutions. We leverage our global reach and local expertise of tens of thousands of people across more than 80 countries, making it possible for businesses to access the talent they need when they need it. ManpowerGroupTM Solutions provides clients with human resources outsourcing services primarily in the areas of large-scale recruiting and outcome-based workforce-intensive initiatives, thereby sharing in the risk and reward with our clients. ExperisTM is the global leader in professional resourcing and project-based workforce solutions. With operations in more than 50 countries, we deliver 53 million hours of professional talent specializing in IT, Finance and Engineering to accelerate clients’ businesses each year. Right Management® is the global leader in talent and career management workforce solutions. Through our innovative and proprietary process, we leverage our expertise to successfully increase productivity and optimize business performance. Manpower® is the global leader in contingent and permanent recruitment workforce solutions. We provide the personal flexibility and agility businesses need with a continuum of staffing solutions. 2014 Talent Shortage Survey Results #TalentShortage
  5. 5. ManpowerGroup 2014 Talent Shortage survey results Top 10 hardest jobs to fill1
  6. 6. ManpowerGroup Polling Question #1 How much difficulty are you currently having filling key positions due to lack of available talent? A. Significant difficulty B. Some difficulty C. No difficulty D. Unsure/not responsible for hiring 6Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage
  7. 7. ManpowerGroup U.S. Employers struggle to fill jobs The survey revealed more than 1 in 3 U.S. employers report they are experiencing difficulty filling jobs due to a lack of available talent. 7Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage 14% 19% 22% 41% 31% 30% 31% 34% 34% 40% Global U.S. 44% 41% 52% 49% 39% 60% 40% 20% 0% 2006 2007 2008 2009 2010 2011 2012 2013 2014 Percentage of U.S. Employers Having Difficulty Filling Jobs 35% 40% 36% Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  8. 8. ManpowerGroup U.S. Hardest Jobs to Fill
  9. 9. ManpowerGroup Jobs employers are having difficulty filling in 2014 10 Hardest Jobs to Fill 9Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  10. 10. ManpowerGroup Hardest to Fill Jobs – year-over-year comparison 2014 10Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage Source: ManpowerGroup 2014 U.S. Talent Shortage Survey 2013
  11. 11. ManpowerGroup Skilled Trades #1 on the hardest jobs to fill list since 2010 • Includes: – Mechanics – Electricians – Tool & die makers / machinists – Welders – Bricklayers / Masons – Plasters / tilers / painters – Plumbers – Roofers – Carpenters / joiners / cabinet makers 11Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  12. 12. ManpowerGroup Accounting & Finance Staff #6 on the hardest jobs to fill list • Highest in-demand Accounting & Finance staff: – Certified accountants – Book keepers – Accountants / financial controllers – Auditors – Financial analysts – Tax specialists 12Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  13. 13. ManpowerGroup IT Staff #8 on the hardest jobs to fill list • Highest in-demand IT staff: – Systems experts: analysts, consultants, engineers, security experts, systems experts – Software experts: developers, programmers – IT managers, project managers, directors – IT operators and technicians 13Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  14. 14. ManpowerGroup Polling Question #2 Are you surprised by any of the jobs on the top 10 list? A. Yes, extremely B. Yes, somewhat C. Yes, a little D. No, not at all 14Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage
  15. 15. ManpowerGroup Why employers are having difficulty filling positions and strategies to overcome the talent shortage 2
  16. 16. ManpowerGroup Why are employers having difficulty filling jobs? 16Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage 24% 2014 2013 0% 20% 40% 60% Reasons Why U.S. Employers Are Having Difficulty Filling Jobs Lack of technical competencies (hard skills) Lack of workplace competencies (soft skills) Lack of available applicants/no applicants Looking for more pay than is offered Lack of experience 25% 27% 30% 32% 36% 33% 39% 48% 47% Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  17. 17. ManpowerGroup How are employers addressing talent shortages? 17Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage 0% 10% 20% 30% 40% 50% 60% Strategies U.S. Employers Use to Overcome Talent Shortages Adopting non-traditional people practices 45% Exploring new talent sources Implementing alternative work models 44% 48% Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  18. 18. ManpowerGroup Employers are adopting new people practices 18Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage 0% 5% 10% 15% 20% 25% Top Ways U.S Employers Are Adopting Non-traditional Practices Providing additional training and development to existing staff 20% 14% 22% 13% Redefining qualifying criteria to include people without formal qualifications Increasing starting salaries Utilizing new recruiting practices in response to workforce strategy challenges Providing clear career development opportunities to applicants during recruitment 12% Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  19. 19. ManpowerGroup Employers are using modified work models 19Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage 0% 5% 10% 15% 20% 25% Ways U.S. Employers Are Using Modified Work Models Increasing the focus on improving our talent pipeline 15% 12% 20% 12% Offering more flexible work arrangements Redesigning current work procedures (e.g. sharing work assignments) Integrating contingent workers into the process Providing virtual work options 8% Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  20. 20. ManpowerGroup Employers are seeking new talent sources 20Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage 0% 5% 10% 15% 20% 25% 30% Ways U.S Employers Are Exploring New Talent Sources Adapting talent sourcing to recruit more untapped talent pools Appointing people who don’t have the skills currently, but do have potential to learn and grow Partnering with educational institutions to align curriculum to talent needs 25% 26% 13% Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  21. 21. ManpowerGroup Talent shortage impact 21Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage 0% 5% 10% 15% 20% 25% 30% 35% 40% Level of Impact Talent Shortage Has On Employers’ Ability to Meet Client Needs High Impact 39% 29% 17% 12% Medium Impact Low Impact No Impact Don’t Know 2% Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  22. 22. ManpowerGroup How the talent shortage impacts employers 22Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% How Talent Shortages/Skill Gaps Are Most Likely To Impact Employers Reduced ability to serve clients 37% 31% 45% Reduced competitiveness/ productivity Increased employee turnover Lower employee engagement/morale Reduced innovation and creativity 20% Higher compensation costs 27% 31% Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  23. 23. ManpowerGroup Recruiting strategies you can pursue3
  24. 24. ManpowerGroup The Evolving Role of Human Resources 24Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage Source: ManpowerGroup 2014 U.S. Talent Shortage Survey
  25. 25. ManpowerGroup Sourcing channels • Referrals • Career site • Job boards • Direct source • College recruiting • Rehires • 3rd party • Social media • Print • Temp/contract-to-hire 25Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage
  26. 26. ManpowerGroup Top Sourcing Methods According to you… 26Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage Source: ManpowerGroup 2014 U.S. Talent Shortage Pre-Webinar Survey 42.35% 38.68% 11.32% 2.21% 1.32% 1.03% .88% .88% .59% .59% .15% Partnering with a talent resourcing firm Social media (i.e. linkedin facebook) Search large job board sites Intern program Ad hoc referrals Other Formal internal referral program Campus recruiting Advertise in local print media Advertise in digital media Search niche job board sites Social media (i.e. LinkedIn, Facebook)
  27. 27. ManpowerGroup Additional strategies you can pursue 1. Recruit passive candidates 2. Cast a wider net by recruiting in different industries / broaden search outside of local region / broaden search outside of the country 3. Bring retired employees back part-time to work and train 4. Focus more on staff retention 5. Change recruitment strategies 6. Provide training and development to new and existing staff to fill vacancies 7. Partner with educational institutions to create curriculum aligned to talent needs 8. Offer mentor or intern programs 27Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage
  28. 28. ManpowerGroup Additional strategies you can pursue (continued) 9. Increase focus on improving talent pipeline 10. Increase starting salaries 11. Enhance benefits packages, including signing bonuses 12. Create an interim or stretch roles for best fit internal employees 13. Provide clear career development opportunities to applicants during recruitment 14. Provide virtual work approaches for applicants 15. In addition to traditional permanent roles, consider providing consider providing the option for contingent and assignments 16. Offer unexpected perks 28Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage
  29. 29. ManpowerGroup Polling Question #3 How are you seeking new talent resources? A. Adapting talent sourcing to recruit more untapped talent pools B. Appointing people who don’t have the skills currently but do have potential to learn and grow C. Considering new office locations or expanding existing facilities in areas where the talent resides D. Partnering with educational institutions to create curriculum aligned to talent needs E. Other / None 29Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage
  30. 30. ManpowerGroup Job search tools you can leverage4
  31. 31. ManpowerGroup Job search strategies • Leverage the Manpower Employment Outlook Survey – Tells you quarterly which states, metro cities and industries have the best hiring outlook: manpowergroup.us/MEOS • Focus on developing your skills and getting experience most in demand 31Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage
  32. 32. ManpowerGroup Top Job Search Methods According to you… 32Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage Source: ManpowerGroup 2014 U.S. Talent Shortage Pre-Webinar Survey 26.17% 21.03% 15.42% 12.62% 8.88% 4.21% 3.74% 2.34% 2.34% 1.87% 1.40% Get referrals from your current network Organized networking groups Social Media (i.e., LinkedIn, Facebook) Seach large job boards (i.e., Monster) Other Search niche job boards Intern program Working with a recruiter Association meetings/events Search individual company websites Camput recruiting Search large job boards (i.e., Monster, CareerBuilder) Campus recruiting
  33. 33. ManpowerGroup Polling Question #4 Are you planning to look for a new job in 2014? A. Yes, I intend to actively seek a new position B. Maybe, so I’m networking C. Not likely, but I’ve updated my resume D. No, I intend to stay in my current position E. I’m not currently employed 33Friday, July 18, 2014 2014 Talent Shortage Survey Results #TalentShortage
  34. 34. ManpowerGroup Thank you for participating. For more information, visit: manpowergroup.us/talent-shortage
  35. 35. ManpowerGroup Did you watch this webinar as a recording? Please request your certificate at manpowergroup.us/requesthrci

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