Recruiting 2020 Transforming your talent acquisition process - IBM
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Recruiting 2020 Transforming your talent acquisition process Recruiting 2020: Transforming your talent acquisition process 1
Think back to your Skills are in hot demand As a talent acquisition leader, you know it’s critically recruiting team ten important to continually reassess and re-evaluate the skills required for your business to continue to stay ahead years ago. Even five of competition. As your business moves into new spaces and new areas, with evolution of traditional products, years ago. Maybe and teams operating in new technology ecosystems and stacks, the skills you were recruiting for ten years ago are likely completely different from today’s reality. This shift in even last week. talent acquisition strategy requires new and differentiated recruiting skills, which requires a new and differentiated recruiting mindset. You were efficient. Standardized. Process was king. But then the world changed. Evolutions in technology threw Talent is in short supply your business into complete upheaval. Almost overnight, By 2020 the talent shortage in the US alone is projected your team found itself in a very competitive market. to be around 23M employees.1 This is not simply a human resource issue. It’s an issue already vexing the C-suite, Today, progress rules over process. And everyone wants as 60% of execs struggle to keep workforce skills current the talent and skills you need–cybersecurity analysts, data and relevant in the face of rapid tech advancement.2 These scientists, digital marketer ... and who knows what the next challenges put the spotlight firmly on hiring. Don’t get new skill will be. You have to disrupt, or be disrupted. Flying hiring right and you’re making an already challenging labor the plane while building it comes to mind. market so much harder. If you want to retain competitive Recruiting 2020: Transforming your talent acquisition process 2
advantage, it’s critical to engage top talent before you’re • Redefine qualified: Talent is scarce, yet most ready to hire them – to build an ongoing relationship companies don’t get hiring right. Traditional talent with candidates and deliver differentiated experiences. acquisition practices are a coin-toss, wrought with Particularly in the gig economy, where people move in and gut-based decisions leading to a lot of hiring mistakes. out of organizations multiple times in their career, you need Redefine what it means to be “qualified” by assessing to be in the best possible position to connect and reconnect for potential. with that talent if you hope to retain them. • Deliver differentiated experiences: Your candidates And the competition is fierce are also your consumers—and they are making decisions long before they submit an application Today, 90% of the S&P 100 are recruiting for the same 37 or buy from you. Understand what drives applicant in-demand jobs. And those 37 jobs make up almost 50% behavior today to shape the recruiting practices of of the S&P 100 job postings.3 Gone are the days when tomorrow. like competed against like. You’re now competing against a differentiated landscape of organizations. Traditional brick and mortar banks are now primarily online platforms. Consumer brands and major retailers have gone digital. New categories have been created that blur traditional industry lines—from ride-sharing, to home-sharing, and beyond. There has been an exponential increase in the need for traditional tech talent across all industries. But when demand dramatically outweighs supply, it’s time to get creative. Our old approaches just won’t cut it. The good news? This is your moment to transform the talent acquisition function—and your team’s impact on your business. Your teams are no longer enablers along the flow of a journey; you are the critical disruptors that enable change to happen across the business. Let’s explore three critical factors of success in reimagining your talent acquisition function and increasing your impact and value to the business: • Develop the 21st century recruiter: Focus on the heart of what drives talent acquisition: your people. To reimagine your function, reimagine your team’s skills, roles, and ways of working. Recruiters can finally become talent influencers and deliver faster and more impactful outcomes than ever before. Recruiting 2020: Transforming your talent acquisition process 3
Develop the 21 century st recruiter to transform outcomes Recruiting 2020: Transforming your talent acquisition process 4
When HR is bold, the IBM’s own human resources team has reimagined its approach by developing a next generation framework business benefits: and operating model for recruiting in the digital era called AgileTA. The framework applies Agile practices and principles to the talent acquisition function, based on a 53% of high-growth cycle of steps where teams of recruiters work from an agreed upon, prioritized list to fulfill open job requisitions organizations say HR within a time-boxed period. Says Kevin Blair, IBM’s VP of Talent Acquisition, “Initially, our traditional recruitment is involved in kick- process yielded inefficiencies, as we had a reactive system based on a one-size-fits-all method of recruitment. Often, starting major change there would be one recruiter per 100 requisitions, resulting in an extremely long average time to fill a requisition.” (compared to 39% Explaining IBM’s transformed approach, Blair shares that “AgileTA runs on time-bound sprints and is prioritized based of modest-growth on the most critical roles, resulting in a faster time to fill (from 85 days to 45 days), higher quality candidates, better organizations).4 business outcomes, more efficient recruiting, enhanced candidate experiences, reduced cancellation rates (up to 75%), reduced average cycle time (up to 50%), and increased NPS scores for candidates, hiring managers, We all know the daily recruiting slog—too many open reqs, and recruiters.” Embracing a methodology like agile can competing needs and priorities from the business, and not empower your teams to be increasingly innovative, nimble, enough hours in the day. But what if you could transform and able to react swiftly to changing business needs. from a binary world of matching resume to requisition, to an ecosystem of needs and a talent pool of candidates – with New skills a way to bring these two together in a way that they overlap Organizations today need talent acquisition team members and place people into roles where they can be successful? who can lead – who can be deeply connected to the A new framework business and its objectives. Who are thought leaders as well as subject matter experts. People who are comfortable As you think about how you can drive transformation in your augmenting their daily work with technology. own organization, it’s important to employ new ways of working, for example, leveraging agile and design thinking into your everyday job. Old methodologies will no longer sustain new models of operating. Recruiting 2020: Transforming your talent acquisition process 5
Blair shares that IBM recruiters use social selling with design thinking, meaning that recruiters are equipped with skills to prototype and visualize the experience of working at IBM, bringing the company’s story to life. IBM recruiters also leverage decision support with AI to anticipate questions about the company, recommend jobs, and uncover opportunities from skill-matching. A digital talent acquisition academy, with badges for skills like Agile, design thinking, AI, and data analytics skill has also helped establish a blended learning approach designed to close skill gaps. The academy includes boot camps for skill acceleration and customized training per function, as well as – rewards, like credentials and opportunities, upon completion. “To date, we have upskilled 72% of our talent organization,” says Blair. New roles Creating new roles can also help restructure the ways in which you work. Blair shares that IBM HR introduced four new key roles in its talent acquisition function: Talent Influencer, Talent Scientist, Data Poet, and Scrum Master. Talent Influencers serve as business champions and power networkers, Talent Scientists focus on AI-augmented decision support leveraging industrial-organizational psychology, Data Poets utilize analytics to function as storytellers and design thinkers, and Scrum Masters lead groups of recruiters through AgileTA sprints. Says Blair, “Ultimately, these new roles, in accordance with an upskilled function and the implementation of AgileTA, have been pivotal to the transformation of IBM’s TA function.” Recruiting 2020: Transforming your talent acquisition process 6
“With some upskilling, ethical operating guidelines, and a healthy dose of technical curiosity, the HR function is now positioned to truly drive strategic advantage while better supporting the workforce we rely on to put the strategy into action.” – Diane Gherson, CHRO, IBM Your challenge Your transformed approach How do I deploy my team differently to Think from a point of view of accelerated work. Embrace Agile methodology, work through your achieve better outcomes? backlogs, and reflect during retrospectives. Prioritize and reprioritize as you go through your team’s workflow. Focus on what will deliver the biggest impact from an outcome perspective. How do I get my team to embrace Keep their eye on the prize. Paint the vision of becoming talent influencers, strategic advisors to the and augment AI and other emerging business. More automation around administrative skills and tasks empowers your team to deliver technologies into their everyday lives? better, higher-value solutions to the business in a much quicker way. Make sure there are adequate opportunities for learning new tools and technologies, with clear rewards. How do I get my team to use data more In talent acquisition, your product is a human being with emotions, and your customer is a human effectively? being with emotions. Focus on using data to tell a story that lifts your team away from emotional elements of recruiting. Reiterate that the more your team can augment with data and insight, the more informed their decisions will be, balanced by facts and free from unintended, unconscious bias. Watch the webinar “How IBM Reinvented its Talent Acquisition (And You Can, Too)” Watch Now à Recruiting 2020: Transforming your talent acquisition process 7
Redefine qualified by assessing for potential Recruiting 2020: Transforming your talent acquisition process 8
Today, in many Taking the same approach as you’ve always done is not going to help you meet the talent demands of your geographies and organization, not today and definitely not tomorrow. In many ways, this is good news. The time has never been better to shake things up a little. industries, there are We need to redefine qualified when it comes to recruitment. more job vacancies Look for potential not perfection than people looking Consider this: people with potential for upskilling may only need to have an 80% match to your success profile. The key to securing the right talent is knowing who has the potential for positions. to develop and which behaviors and skills define success in a particular role. It’s not about perfection today, but about the potential to become perfect (at least as far as your If you’re a recruiter, you’ll be very familiar with this daily organization is concerned!). struggle: managers in your organization want better and better talent and they need it yesterday, yet great talent is Take cybersecurity as an example. Finding experienced increasingly hard to find. In today’s “buyers” market, the cybersecurity talent is incredibly hard, and it’s set to get candidate is king and that demands fresh thinking from worse. It is estimated that by 2022 there will be 1.8 million recruiters. unfilled cybersecurity jobs.5 It would be counter-productive Recruiting 2020: Transforming your talent acquisition process 9
to lower your recruiting standards just to fill open positions Bias can find its way into the interview process as well but looking for people with potential to become great as managers use “gut feel” to select their preferred cybersecurity professionals, even if they don’t have all candidates. Intelligent interviewing means bringing more the technical skills right now, can be a good option. This objectivity into the process to both eliminate bias and hire approach can significantly expand your potential talent well against that new definition of qualified. AI-driven, pool, but it needs to be evidence-based. Use a validated structured interview guides based on the skills, aptitude assessment to identify potential and remove the risks of and knowledge for each particular role can help managers relying on gut feel. treat all applicants fairly. More than that, it’s risky to rely on the traditional face-to-face interview alone. Validated A word of caution: this is not about lowering standards. No assessments provide the objective view that recruiters need one is going to thank you for finding candidates that just to inform hiring decisions. don’t fit the bill. This is about knowing exactly what you’re looking for and being able to hire for potential, knowing Degree not required those new recruits will become your perfect employees of Let’s get ambitious now. We’ve talked about not shrinking tomorrow. your talent pool by avoiding bias. How about we make that talent pool bigger? Beware of bias Just as redefining qualified is not about lowering standards, Many jobs have a stated prerequisite of a degree, but as we it should not be about unfairness either. Bias—conscious look to redefine qualified, we must ask ourselves whether or unconscious—can derail efforts to build diverse and a degree is really necessary in every case. Remove the inclusive workplaces. AI has huge potential to facilitate need for a degree and your talent pool immediately gets unbiased decision-making, if it’s built and deployed in the bigger. Once again, this is not about reducing quality, but right way.6 asking yourself – is a degree really a determinant of a great candidate for this role? If you’re struggling to get enough good candidates into your hiring process, bias that shrinks your talent pool is going to For example, for many technical roles IBM now looks at make things even harder. And when bias shrinks your talent candidates who have hands-on experience via a coding pool, it has nothing to do with candidate ability. boot camp or an industry-related vocational class, rather than a college degree. When you redefine qualified, you Ensuring your processes are as open and inclusive as focus on skills, not just qualifications. If someone has the possible starts with candidate attraction. Put the wrong skill you need, then does it really matter whether they have message out there, and you could cut your potential talent a degree or not? pool dramatically. For example, if the wording of a job description is predominantly masculine, it can deter women from applying – immediately you’ve reduced your potential talent pool by 50%. Recruiting 2020: Transforming your talent acquisition process 10
“The market for AI skills is competitive, so companies need to open the pipeline when looking for talent. You don’t need a degree for these types of roles. Many of our employees are learning these skills via bootcamps or other industry courses.” – Kelli Jordan, Talent Leader, New Collar Initiatives, IBM Your challenge Your transformed approach How do I get better candidates to apply for First, define clearly what you mean by better and what makes success in that role in your our open jobs? organization. If you free yourself from the traditional approaches, you can embrace a new definition of a qualified candidate. A definition focused on skills and potential, not just degrees. How do I encourage more diverse In two words? Mitigate bias. And that means addressing bias at every stage of your hiring process and candidates to apply? beyond. Ensure your organization is seen by the outside world as inclusive in both words and deeds. Use AI tools to check for bias in job descriptions, assess your processes for adverse impact, and highlight the changes that need to happen to meet your D&I goals. How do I spot potential in a candidate? You don’t need to, I-O psychologists have done it for you. There are validated assessments that can identify people with potential to become great performers in your organization. Using a validated assessment adds objectivity and means you don’t need to rely on gut feel or even a crystal ball to be able to hire well today. Sign up for the Smarter Workforce newsletter to get more talent acquisition tips directly to your inbox. Sign up now à Recruiting 2020: Transforming your talent acquisition process 11
Deliver differentiated experiences Recruiting 2020: Transforming your talent acquisition process 12
People who are efficiency. However, driving greater hiring efficiencies and increasing personalization no longer have to be competing satisfied with their goals. Engage every candidate candidate experience Your recruiters may be hard pressed to find time for one- on-one chats with all your early-stage candidates, but are 38% more likely technology can help. And when it comes to job matching, it can augment the ability of your recruiters. to accept a job offer Kristina Deighan, head of talent attraction for ZX Ventures, the global growth and innovation arm of Anheuser Busch and 2x more likely InBev, found this to be true when she was tackling a challenge her recruiting team was facing. As a venture to want to be a firm within a larger global company, ZX Ventures is a relatively unknown brand. Deighan’s team spent a lot of customer of the hiring time educating candidates on the company’s mission, value proposition, and what they look for in candidates— organization.7 and in a growing organization with complex hiring needs, the demand for these preliminary conversations was outweighing her team’s bandwidth. Says Deighan, “Let’s say we can have conversations with 1-10% of the people Ever shared a story with your friends and family about a that are interested.” She wanted to increase the number of poor retail experience you’ve had? It’s the same for job people who could learn about the company’s culture and candidates – your reputation as a great place to work is in career opportunities while still ensuring a great candidate their hands. Treat them poorly and they’ll be less likely to experience. ZX Ventures turned to a Watson-powered accept your job offer. Then they’ll spread the word so that candidate assistant to handle some of those early candidate others are deterred from applying to your organization too. conversations, which both freed up recruiter time and Candidate experience matters. Not only because it can improved the candidate experience. In just seven months, help you fill open reqs, but it can also directly affect your the assistant has had over 4,000 unique interactions, with organization’s sales. job seekers spending an average of 20 minutes interacting with the solution. Deighan says, “We did the math and Until now, you may have wanted to offer a very this increased our team’s capacity to answer candidate personalized, attentive candidate experience, but been questions by 50 working days in a 7 month period, which hampered by the time it would take your already pressed not only let us reach more people but also freed up time for recruiting team. You may have even acknowledged that the recruiting team to focus on more strategic, impactful right now you’re having to sacrifice candidate experience for work.” Recruiting 2020: Transforming your talent acquisition process 13
A personalized, chatbot-based conversation enables candidates to share their CV and have jobs recommended to them that fit their skills and interests, without any need for a recruiter. This frees up your recruiters to spend time with candidates further down the hiring funnel, improving recruiter efficiency and effectiveness without sacrificing quality. Help candidates self-select Job titles can be very misleading. A marketing assistant to you could be a communications administrator to someone else. A career site search function that relies on job titles could mean you miss out on some great talent. Rather than relying on job titles, you can now leverage AI to understand and interpret a resume and do the searching and matching for the candidate. By offering up job opportunities to a potential candidate based on their specific skills and experience, you reduce the likelihood that you’re missing out on that special talent you’re looking for. It’s all about making the most of that potential talent pool. Secure better candidates 93% of job seekers say it is important to be thoughtful and informed about all aspects of a company, things like culture, values, mission, etc. before they accept a job offer.8 Give candidates a chance to get answers to these questions before they even apply and you’re much more likely to secure candidates with the ideal profile for your organization. Even better, don’t rely on your recruiters having to answer these questions, allow your potential candidates to find out for themselves. A chatbot conversation that understands natural language can engage candidates, encourage them to ask any and every question that might occur to them about your organization, and that means you benefit from candidates that have already self-selected for organizational fit. Recruiting 2020: Transforming your talent acquisition process 14
“Candidates who believe they have had a “negative” overall experience say they will take their alliance, product purchases, and relationship somewhere else.” – Kevin Grossman, President, Global Programs, Talent Board Your challenge Your transformed approach How do I improve candidate experience Use technology at the right time in the search and application journey. Early on, personalization can without sacrificing efficiency? be delivered with AI solutions that are fun to engage with and informative. Making job suggestions to candidates that are relevant to them, their experiences, previous jobs and skills, is about as personalized as it gets. The right chatbot can also help answer those critical questions about company culture and working practices for a candidate in the early stages of their job search. How do I increase the number of quality Don’t make candidates work too hard. Ensure your job opportunities can be found easily by those applicants to business-critical roles? quality applicants. With a quick CV upload, candidates don’t need to spend hours searching through your job listings (or give up on a search in less time than that!), an AI solution does it for them and in moments. And don’t stop there. When you give candidates the chance to have all their questions answered via an intelligent chatbot before they even apply, you improve the suitability of those candidates who apply. See how AI can be used to deliver a differentiated candidate experience. Explore the interactive demo à Recruiting 2020: Transforming your talent acquisition process 15
Take the next steps Recruiting 2020: Transforming your talent acquisition process 16
Your new mantra: traditional methods. Look at legacy technologies and processes you’re using and think about modernization. think big, start small, And don’t get caught up in budget constraints. There is a very real opportunity to create a net effect if you move fast. make the leap to some of the newer technologies that allow you to optimize and iterate on your existing ways of working. You can very quickly recover costs and it opens up a world of opportunity to put new and As artificial intelligence and other new technologies different approaches into practice. help to automate tasks, support decision making and personalization, and drive new ways of working, incredible 3. Start upskilling today. Invest in training and opportunities emerge for the workforce at large. This is the knowledge-sharing for your people. Bring in moment to rethink the way your talent acquisition team needed new roles. Foster new ways of partnering, operates, where and how they spend their time, the type of collaborating, communicating, and augmenting with new skills that your team develops, and your potential for technology. You will quickly feel the benefits from your impact on the business. Don’t wait to get started. Here are investments. four steps you can take immediately to get moving: 4. Find the right partner. IBM Watson Talent is a go- to-partner for reimagining your talent acquisition 1. Pilot, pilot, pilot. Don’t wait until something is fully process. Our expert team of industrial-organizational baked. Don’t spend years and years trying to create (I-O) psychologists informs the creation of all our the perfect thing to scale to the entire organization. products by guiding the collection and use of skills Get things moving. That’s how you learn. If you data, informing how to effectively use AI to augment have a good idea, bring it to life quickly, let it build human intelligence, and addressing HR challenges momentum and grow organically. like unconscious bias, proactive sourcing, and 2. Start changing the way you work. The role of the recruiter overload. Watson is not only the leading AI individual in talent acquisition hasn’t changed much for business, but Watson Talent is custom-built for in …forever. As you start to move forward, think about HR. It classifies and ranks skills across candidates the different types of profiles you could have within and employees, evaluates an individual’s potential the talent acquisition function: Agile teams that work for success and fit for job roles, analyzes and flags in accelerated ways on project-oriented backlogs, potential bias, and much more. focused on time sensitive, highly strategic roles; teams who are augmenting cognitive and AI all the way With tools and methodologies that help your team through your process—using data and insights to be incorporate speed, precision, and differentiation into more forward looking; recruiters who are working on their sourcing and hiring practices, you can achieve better projects and roles that are nine months out. Enhance outcomes from start to finish. Recruiting 2020: Transforming your talent acquisition process 17
Reimagine talent acquisition with the power of AI Hear from a transformed TA team Get insights like these in your inbox See Watson Talent in action Kevin Blair, IBM VP of Talent Stay current on talent acquisition See how you can leverage data, Acquisition explains IBM’s talent trends with the Smarter Workforce expertise, and technology to create acquisition transformation. newsletter. better business outcomes. Watch now à Sign up today à Explore now à References 1 Gender Leadership Group, “Talent shortage by 2020 – Retaining Women, Millennials, Minorities, and White Men,” February 2017. http://www.genderleadershipgroup.com/ the-inclusionary-leadership-blog/talent-shortage-by-2020- retaining-women-millennials-minorities-and-white-men 2 Facing the storm: Navigating the global skills crisis. IBM Institute for Business Value, December 2016 3 Jackie Wiles. “5 Places You Didn’t Think to Look for Digital Talent,” March 2018. https://www.gartner.com/ smarterwithgartner/5-places-you-didnt-think-to-look-for- digital-talent 4 Global Talent Trends 2019. Mercer, 2019 5 High-Stakes Hiring: Selecting the Right Cybersecurity Talent to Keep Your Organization Safe. IBM Smarter Workforce Institute, October 2018 6 The role of AI in mitigating bias to enhance diversity and inclusion. IBM Smarter Workforce Institute, March 2019 7 The far-reaching impact of candidate experience. IBM Smarter Workforce Institute, February 2017 8 U.S. Harris Poll commissioned by Glassdoor, April 2017 Recruiting 2020: Transforming your talent acquisition process 18
@IBMWatsonTalent #TalentTransformed © Copyright IBM Corporation 2019 This document is current as of the initial date of publication and may be changed by IBM Corporation IBM at any time. Not all offerings are New Orchard Road available in every country in which IBM Armonk, NY 10504 operates. Produced in the United States of America THE INFORMATION IN THIS DOCUMENT IS April 2019 PROVIDED “AS IS” WITHOUT ANY IBM, the IBM logo, ibm.com, and Kenexa WARRANTY, EXPRESS OR IMPLIED, are trademarks of International Business INCLUDING WITHOUT ANY WARRANTIES Machines Corp., registered in many OF MERCHANTABILITY, FITNESS FOR A jurisdictions worldwide. Other product PARTICULAR PURPOSE AND ANY and service names might be trademarks WARRANTY OR CONDITION OF NON- of IBM or other companies. A current list INFRINGEMENT. of IBM trademarks is available on the IBM products are warranted according to Web at “Copyright and trademark the terms and conditions of the agreements information” at www.ibm.com/legal/ under which they are provided. copytrade.shtml. 47024747USEN-00 Recruiting 2020: Transforming your talent acquisition process 19
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