developing your own market for the contingent workforce

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Developing your own marketplace for the contingent workforce

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Alastair Schirmer, General Manager, LiveHire's presentation from #CWF2014. In this session Alastair discussed the ways an organisation can create their own market for contingent staff. This allows them to mobilise and demobilise fast.

TRANSCRIPT

Page 1: Developing Your Own Market For the Contingent Workforce

Developing your own marketplace for the contingent

workforce

Page 2: Developing Your Own Market For the Contingent Workforce

We help companies build their own live talent workforce

• A cloud based technology & big data company

• World’s first live talent marketplace focused around available talent

• Offices based in Melbourne and Perth

• Large corporates build their own talent communities around specific skill sets

• Over 1M people in the main LiveHire Talent Community to date.

• Core market focused around skilled and technical workforce.

Page 3: Developing Your Own Market For the Contingent Workforce

11.5 Million15%

1.7 Million

Page 4: Developing Your Own Market For the Contingent Workforce

20%

FORECAST GROWTH

Next 6 yearsFor contingent labour

Page 5: Developing Your Own Market For the Contingent Workforce

300 Million

7.5 Million40/apps/yr

17 jobs/9 companies

Page 6: Developing Your Own Market For the Contingent Workforce

Source: BCG 2014 analysis and article - The Global Workforce Crisis: $10 Trillion at risk.

Australia will be nearly 2 Million workers short by 2030

Page 7: Developing Your Own Market For the Contingent Workforce

Source: BCG 2014 analysis and article - The Global Workforce Crisis: $10 Trillion at risk.

Labour Shortages and surpluses are predicted worldwide

Page 8: Developing Your Own Market For the Contingent Workforce

Key impacts of labour shortage

Wage Inflation Leaves vacancies open

Hampers economic growth

Impedes business formation and development

Threatens our country’s competitiveness

Skills leakage, Decreased Confidence, Inefficiency

Page 9: Developing Your Own Market For the Contingent Workforce

So What? We’ll just get more contractors!

Page 10: Developing Your Own Market For the Contingent Workforce

Efficient?

Page 11: Developing Your Own Market For the Contingent Workforce

Common challenge within contingent workforce planning

• Visibility • Quality matching • Access to skills • Business stakeholder expectation management • Proactive & flexible workforce planning • Cost and requirement in using labour hire • Passive/reactive usage of labour forces

Page 12: Developing Your Own Market For the Contingent Workforce

Ideal World

• Better/proactive workforce planning • Partnership with business and HR/Recruitment • Pre-vetted/qualified • Pre/self selected • Ready to go (i.e. available inventory) • Engaged and interested

Page 13: Developing Your Own Market For the Contingent Workforce

Where technology plays it’s part!

• Let the crowd manage themselves • Build your own live marketplace • Visibility to available inventory • Create engagement instead of rejection • Map skills availability and labour mobility • Better search capabilities • Deep data and human capital analytics

Page 14: Developing Your Own Market For the Contingent Workforce

What technologies and market places are available today?

People / Social Aggregation Casual/freelance staff Live talent marketplace

Page 15: Developing Your Own Market For the Contingent Workforce

Create your own hub for aspiring talent, not just applicants.

90% 10%Join Talent Communities.Will join an expression of interest on a careers site

Page 16: Developing Your Own Market For the Contingent Workforce

Building your own market place for talent with LiveHire

Live Talent Markets

Your Branded Live Talent Community

Alumni

Re-targeting

Website

Database cleanse

Referrals

Social

Campaign

Proactive talent channeling

Connected

Proactive talent channeling results in: • decreased time & cost to fill • reduced candidate management time

Page 17: Developing Your Own Market For the Contingent Workforce

Why is having your own live market for talent important?

Live profiles Live asking rates Availability Skills matching

Demographic data Rostering preference

Mobility Engaged

= Increased efficiency and decreased cost to hire.

Page 18: Developing Your Own Market For the Contingent Workforce

KNOW WHEN PEOPLE ARE ACTIVE

REAL TIME SALARY & AVAILABILITY INFO

AUTO-UPDATES & PARSE INTO YOUR

ATS

DATA & CONTENT RICH

LINKED TO GOOGLE

RESPONSIVENESS & ENGAGEMENT

UNIQUE TO LiveHire WEB RESUMES:

•Company employment brand reviews across 6 different measurements •Current and previous salary levels •Rostering preferences (contract/casual staff) • Exact availability and asking rate

Traditional CV’s are DEAD! Digitise your labour force

Page 19: Developing Your Own Market For the Contingent Workforce

Data used to guide workforce planning strategy

SPECIALITY TOTAL ACTIVE PASSIVE WA VIC QLD NSW ACT SA TAS NT OTHER

Electrician 840 548 292 63 47 43 19 6 4 3 1 5

Carpenter 743 493 250 3 - - - - - - - 2

Concreter 313 227 86 91 56 77 49 - 13 10 2 14

Plasterer 85 64 21 24 9 9 6 - 2 - - 9

Skills Availability - Report March ’14

Please note: Figures represents those active in the market today. Market changes frequently and active candidates are currently 21% of total market.

Total active candidates in the market currently doubles every 3 months.

Confidential and not for distribution without prior written consent from Livehire.me

LIVE DATA

• Skills availability, mobility, price, transition, attitude and tenure • Live, real time and constantly updating • Used to guide human capital strategies and workforce planning • Used to win commercial work

Page 20: Developing Your Own Market For the Contingent Workforce

Search & connect to talent also outside of your community.

Connect to interview just-in-time.

Page 21: Developing Your Own Market For the Contingent Workforce

Wrapping it up

• Labour shortages are only going to get worse • Competition for skills will increase • Plan for tomorrow while building for today • Be proactive • Use technology • It’s all about available inventory & skills matching • Think digitised labour data