WHAT CEOs THINK ABOUT 2015'S TOP WORKFORCE ISSUES


The Presentation inside:

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MATT FERGUSON CEO, CAREERBUILDER @CBFOREMPLOYERS SHRM ANNUAL CONFERENCE & EXPOSITION  WHAT CEOs THINK ABOUT 2015'S TOP WORKFORCE ISSUES June 30, 2015 2:15 – 3:30 p.m.


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©SHRM 2015 OVERVIEW Labor Market


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2 | AVERAGE MONTHLY NON-FARM JOB CREATION (Source: U.S. Bureau of Labor Statistics)


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3 | CHURN RATE VS. TOTAL NON-FARM JOBS, 2003-2013 (Source: The Pulse of U.S. Hiring Activity, 2014 CareerBuilder & EMSI Report)


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4 | Nationwide survey conducted by Harris Poll on behalf of CareerBuilder Participants: CEO or President of company, Chairman / Board Member, Partner / Principal, Owner Companies with revenue of at least $50 million CEO SURVEY ©SHRM 2015


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on workforce & recruitment challenges CEOs’ Views


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WHAT WORKFORCE CHALLENGES KEEP YOU UP AT NIGHT? 6 |


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WAGE PRESSURE IN 2015: RAISES AT BOTH ENDS? 7 | Source: 2015 CareerBuilder Annual Forecast (Harris Poll) IT, Sales, Engineering and Customer Service to see biggest increases for starting salaries. ©SHRM 2015 45% of employers expect to raise the minimum wage within their organizations 53% of this group will raise it by $2 or more on average 26% of employers expect starting salaries to increase by 5% or more over the previous year That’s almost 4 times higher than 2010 - 7%


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8 | Nearly half of employers currently have open positions for which they can’t find qualified candidates 37% of employers have positions that stay open 12 weeks or longer; 1 in 6 companies loses $25,000 or more per open position due to extended vacancies Source: CareerBuilder’s June 2014 and November 2013 nationwide studies of employers conducted by Harris Poll


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SKILLS GAP CONTINUES TO BE A MAJOR CONCERN 9 | Average Monthly Unique Job Postings vs. Average Monthly Hires: 2013-2014 postings per month postings per month hires per month hires per month Source: Economic Modeling Specialists International, 2014


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My company has not been able to reach its full potential because we can’t find enough qualified candidates. MAJORITY OF CEOs THINK SKILLS GAP HOLDS THEIR COMPANIES BACK 10 | ©SHRM 2015


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WHAT ARE YOUR TOP RECRUITMENT CHALLENGES? 11 |


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HOW WOULD YOU RATE THE RECRUITMENT EFFICIENCY OF YOUR HR TEAM? 12 |


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My company has lost money due to an inefficient recruitment process. INEFFICIENT RECRUITMENT HURTS BOTTOM LINE 13 | ©SHRM 2015


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HOW WOULD YOU RATE YOUR CANDIDATE EXPERIENCE? 14 |


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15 | Source: “How Candidate Experience is Transforming HR Technology,” which was conducted by Harris Poll on behalf of CareerBuilder, 2014 ©SHRM 2015


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WHAT ARE YOUR TOP RECRUITMENT TECHNOLOGY CHALLENGES? 16 |


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MOBILE JOB SEARCH IS TAKING OVER . . . TRAFFIC TO CAREERBUILDER.COM 17 | ©SHRM 2015


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18 | 49% Don’t revisit or re-engage with past candidates, leaving a pool of interested talent untapped. 20% Don’t have a system that enables them to remarket to candidates. 37% Don’t have the time to re-engage past candidates. ©SHRM 2015 A SIGNIFICANT NUMBER OF EMPLOYERS NEVER RECONNECT WITH PAST CANDIDATES Source: CareerBuilder/Harris Poll Q2 2015 Employer Survey


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19 | ©SHRM 2015


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& advice to hr CEOs’ EXPECTATIONS ©SHRM 2015


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WHAT DO YOU EXPECT FROM YOUR HR LEADERS? 21 | 65% Foster culture of excellence. 64% Acquire talent in timely manner, regardless of role or skill set needed. 61% Keep CEO informed of important human capital issues within the company and strategies to address them. ©SHRM 2015


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HOW IS HR EFFECTIVENESS MEASURED? 22 |


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“Opinions expressed by HR carry a greater weight with senior management post-recession.” GROWING INFLUENCE OF HR POST-RECESSION 23 | ©SHRM 2015


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HOW CAN HR LEADERS DEVELOP BROADER INFLUENCE WITHIN THE ORGANIZATION? 24 |


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HOW IMPORTANT IS IT FOR HR LEADERS TO . . .? 25 | ©SHRM 2015 Be proficient in workforce analytics Be knowledgeable about new recruitment and HR strategies


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©SHRM 2015 26 | Source: Q2 2015 CareerBuilder/Harris Poll Employer Survey (2,200 HR/Hiring managers)


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WHY USE DATA? #1 Learn the Market #2 Educate Internal Stakeholders #3 Determine What Tactics Work/Don’t Work 27 | ©SHRM 2015


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28 | ©SHRM 2015


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@CBforEmployers www.careerbuilder.com www.thetalentequationbook.com Learn more at:


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