Five to Go: Talent Acquisition Fast Facts

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Strain had been building within The Beatles during the recording of their White Album in 1968, and exactly 45 years ago today those taught strings of tension finally snapped; drummer Ringo Starr officially quit the band—informing John, Paul and George of his intent to “go on holiday.” Despite the falling out, Mr. Starr returned just 11 days later after receiving a telegram that read, “Come on home.”

Also on this day five short weeks ago, Pinstripe began the Talent Acquisition Fast Facts series. But we’re not going anywhere. Each of the past four Friday afternoons Pinstripe has presented a variety of facts touching on the most pressing issues pertinent to HR, talent acquisition and Recruitment Process Outsourcing (RPO); and continue to present we shall!

“Come together, right now”—and enjoy talent acquisition on the Rin-go:

58% of talent managers say helping a company maximize its profitability is the primary reason they are in HR; similarly, talent managers with more capitalistic reasons for being in HR report faster career growth.
New Talent Management Network, 2013 State of Talent Managers Report

Research present through May 2013 indicates 36.7% of recent college graduates have jobs that do not require a degree; this compared to 27.4% in 2007, 31.4% in 2010 and 34.3% in 2011—suggesting a growing trend.
Center for Labor Market Studies at Northeastern University

In a broad survey of HR executives, respondents were asked about the challenges to managing their talent effectively; the most noteworthy challenges reported include: 

  • 83% of respondents believe, “Many of our managers do not know how to manage people”
  • 78% of respondents believe, “Our talent-management processes are inefficient or antiquated”
  • 71% of respondents believe, “Not having the right data” is their primary roadblock
  • 58% of respondents believe, “Our leaders do not buy into talent management”

-Knowledge Infusion, Fifth Annual Talent Management Study; Human Resource Executive

In a survey of 230 employers, only 37% have invested in a formal onboarding program for longer than two years; of these 230 employers, 14% have a one-day onboarding strategy and 16% indicate a one-week program—only 5% have a program between three and six months
Aberdeen Group, Onboarding 2013: A New Look at New Hires

In a survey of 2,015 college graduates, 68% expect to be at their first job for more than three years; this compared to 49% of 2011-2012 college graduates.
-Accenture, 2013 College Graduate Employment Survey

What trends/topics would you like us to cover? Do you think a robust onboarding program would help reduce turnover, as suggested above? Are The Beatles overrated? Let us know in the comment section, and be sure to stop by next Friday for another round of Talent Acquisition Fast Facts!

Previous editions of the series can be accessed via the archives below:

Edition #1: http://www.pinstripetalent.com/rpolosophy/bid/150696/Five-to-Go-Talent-Acquisition-Fast-Facts

Edition #2: http://www.pinstripetalent.com/rpolosophy/bid/150944/Five-to-Go-Talent-Acquisition-Fast-Facts

Edition #3: http://www.pinstripetalent.com/rpolosophy/bid/151185/Five-to-Go-Talent-Acquisition-Fast-Facts

Edition #4: http://www.pinstripetalent.com/rpolosophy/bid/151403/Five-to-Go-Talent-Acquisition-Fast-Facts


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Five to Go: Talent Acquisition Fast Facts

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“There’s gold in them thar hills!” On this day in 1896, Skookum Jim, Dawson Charlie and George Carmack discovered gold in Rabbit Creek, a tributary connected to the Klondike River. The findings of these three gentlemen led to the famous Klondike Gold Rush. 

Not unlike the rush to gold that took place more than 100 years ago, today also marks the fourth installment of Talent Acquisition Fast Facts—in which we supply nuggets of gold absolutely free from panning, sluicing and dredging! 

Each of the past two Friday afternoons Pinstripe has presented a variety of interesting and insightful facts related to HR, talent acquisition and Recruitment Process Outsourcing (RPO). We’ve gathered hundreds of current and relevant metrics touching on the industry’s most pressing issues; without further ado, talent acquisition on the go:

29% of global CEOs say the lack of initiative by HR is an obstacle to measuring HR’s value.
CEO perspectives: How HR can take on a Bigger Role in Driving Growth

80% of Generation Y-ers (individuals born in the mid-1980s or later) say they prefer feedback in real-time rather than performance reviews.
2013 Kenan-Flagler Business School Report

In a global survey of 68 acquisitive organizations (global organizations either merging with or acquiring another global organization), failure to address corporate culture is the key barrier to 85% of failed merger and acquisition transactions.
Mercer, Culture in M&A: We Know It’s Important, So Now What?

 Of the approximately 100 million people in the U.S. who hold full-time jobs, only 30 million (30%) are engaged and inspired at work; roughly 20 million (20%) are actively disengaged, and the remaining 50 million (50%) are present but not inspired by their work or their managers.

Gallup, State of the American Workplace: Employer Engagement Insights for U.S. Business Leaders

Complementing the figures above, Gallup research indicates the top 25% of teams – the best managed – versus the bottom 25% in any workplace – the worst managed – have nearly 50% fewer accidents and 41% fewer quality defects; in addition, Gallup research shows teams in the top 25% “incur far less” healthcare costs.
Gallup, State of the American Workplace: Employer Engagement Insights for U.S. Business Leaders 

Stop by next Friday for another round of Talent Acquisition Fast Facts, and don’t forget to leave a note in the comment section with trends/topics you’d like us to cover! If you’re interested in Pinstripe’s previous editions, please feel free to access the archives below:

Edition #1: http://www.pinstripetalent.com/rpolosophy/bid/150696/Five-to-Go-Talent-Acquisition-Fast-Facts

Edition #2: http://www.pinstripetalent.com/rpolosophy/bid/150944/Five-to-Go-Talent-Acquisition-Fast-Facts

Edition #3: http://www.pinstripetalent.com/rpolosophy/bid/151185/Five-to-Go-Talent-Acquisition-Fast-Facts


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Five to Go: Talent Acquisition Fast Facts

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Each of the past two Friday afternoons Pinstripe has presented a variety of interesting and insightful facts related to HR, talent acquisition and Recruitment Process Outsourcing (RPO). We’ve gathered hundreds of current and relevant metrics touching on
the industry’s most pressing issues, and we figured—why not end the work week by helping you jumpstart your Jeopardy career!

If this is your first time to RPOlosophy, you’ve picked a historical day to stop by; in fact, the elevator was patented on this day in 1859 (employee morale!), Smokey the Bear debuted as spokesman for fire prevention (1944), and the Sistine Chapel officially opened in Rome, Italy (1483). It’s also the day Richard Nixon resigned as President (1974), but we won’t go there. Back to why you’re really here!

Without further ado, talent acquisition on the go:

The industries with the fewest engaged employees: Education, Manufacturing, Utilities.
Quantum Workplace, 2013 Employee Engagement Trends Report

In a survey of 3,379 corporate HR leaders across the globe, 83% believe employer brand has a significant impact on ability to hire great talent; the same leaders believe competitors investing in employer brand is their organizations’ top competitive threat.
LinkedIn Talent Solutions, 2013 Global Recruiting Trends

Online professional networks are the fastest growing channel for promoting employer brand (e.g., LinkedIn usage increased 10% from 2012-2013); traditional job boards, however, are decreasing at the most rapid rate (use decreased 6% from 2012-2013).
LinkedIn Talent Solutions, 2013 Global Recruiting Trends

The proportion of workers who are over 55, less than an eighth in the mid-1990s, will rise to more than 25% by 2020; in fact, 48% of Baby Boomers expect to keep working past age 65.
-U.S. Bureau of Labor Statistics; Deloitte,
Human Capital Trends 2013 – Leading Indicators

Average spending on salaries as a percentage of operating expense in the U.S. ranges from 18% in retail and wholesale trade, to 52% in healthcare.
-U.S. Bureau of Labor Statistics

Stop by next Friday for another round of Talent Acquisition Fast Facts, and don’t forget to sound off in the comment section with topics you’d like us to cover! If you’re interested in Pinstripe’s previous two editions, feel free to check them out here:

Edition #1: http://www.pinstripetalent.com/rpolosophy/bid/150696/Five-to-Go-Talent-Acquisition-Fast-Facts

Edition #2: http://www.pinstripetalent.com/rpolosophy/bid/150944/Five-to-Go-Talent-Acquisition-Fast-Facts


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Five to Go: Talent Acquisition Fast Facts

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Last week Pinstripe presented a new series of blog posts, in which we provide a variety of interesting and insightful facts related to HR, talent acquisition and Recruitment Process Outsourcing (RPO) every Friday afternoon. Pinstripe has gathered hundreds of current and relevant metrics, and we thought—what better way to help you power through the afternoon lull than serve up bite-sized bits of information touching on a number of the industry’s most pressing issues worldwide.

If you missed last week’s edition, please feel free to take a gander! And without further ado, talent acquisition on the go:

In 1997, newspaper advertisements generated the most hires at 28.7%g, compared to just 2.3% in 2012.
CareerXRoads, Sources of Hire 2013: Perception is Reality

32% of workers say they would be less inclined to purchase products or services from a company that didn’t acknowledge or respond to their application.
CareerBuilder, Excellence in Applicant Experience

Only 30% of CFOs believe their head of HR is a key player in strategic planning, compared with 55% of CEOs.
The Economist Intelligence Unit, 2013 CFO Perspectives

Half of North American recruiters using Twitter for recruiting have fewer than 50 followers.
Bullhorn Reach, 2013 North American Social Recruiting Activity Report

Trust in senior leaders has the greatest impact on organizations’ overall level of engagement.
Quantum Workplace, 2013 Employee Engagement Trends Report

Stop by next Friday for another round of Talent Acquisition Fast Facts, and don’t forget to sound off in the comment section with topics you’d like us to cover!

For a deeper look into talent acquisition, what RPO partnership means to a number of industry experts, and how true partnership can help organizations overcome the challenges noted above (i.e., applicant experience, employee engagement, etc.), check out our recent blog post: We Asked, They Answered: Industry Experts on Recruiting, RPO and True Partnership.


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