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Hiring Trends 2014:
A Recruiter’s Perspective
Career Transition Center
January 27, 2014
Lynn Hazan
Erin Harte

© 2014 Lynn Hazan & Associates, Inc.
The Year of the Horse

 Starts

January 31, 2014 and lasts until February
18, 2015


Last Year of the Horse took place in 2002

 Fortunate

year that brings luck and good things
The “New Normal” - Job Market

V - Volatile
U - Uncertain
C - Complex
A - Ambiguous
Derived from military vocabulary in the 1990’s
Antidote to “New Normal”
V - Vision
U - Understanding
C - Clarity
A - Agility

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A new way of thinking!
Economic Outlook 2014
 Chicago

= 2.9% growth, lower than
national average
Job growth expected to increase by 1.5%
(1.75% nationally)
 Personal income growth = 6% (on par with
national average)
 Unemployment rate in Chicago down to 6.5%
(from 7.44% in 2013)


From Crain’s Chicago Business, January 6, 2014
Chicago 2014
 Home




sales UP

Shortage of new homes
Remodeling/Rehab products and services UP
Foreclosures down

 Manufacturing


industry growth

Demand trickle down - raw materials providers
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Overview of Industry Trends

Big

Data
Dynamic
Pricing
S.T.E.M.

Social

Media
Tech/Mobile
Freelance
Work
A Survey
What do YOU do first thing in the morning?

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Patterns of Behavior
Candidates

& Companies behave in certain

manner
Recognize patterns, make them work for you
Create competitive advantage

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Big Data



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

Predict what people
want ahead of time
 Amazon, Facebook
Enterprises expected to
spend average of $8M
on Big Data in 2014
Privacy issues?
 Target credit card
scam

From http://www.forbes.com/sites/louiscolumbus/2014/01/12/2014-the-year-big-data-adoption-goesmainstream-in-the-enterprise/
The Three Vs of Big Data
 Volume


Size/amount generated

 Variety

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Range of formats

 Velocity


Rate at which data is
produced
Patterns Repeat

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Dynamic Pricing
 Market

trends stay relevant
 Companies
compete on fair
playing field, adjust
prices - online and
in-store
 Uber, Best Buy

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From http://www.zdnet.com/the-future-of-retail-is-dynamic-pricing-so-why-cant-we-get-it-right7000021444/
Science, Technology, Engineering,
Mathematics (S.T.E.M.)


Increased investment in
science and math careers =
more middle class jobs




From

50% of STEM jobs are
available to people
without a four year
degree

Growth rate = 3x faster than
non-STEM jobs (17% growth
in 2014)
http://www.usatoday.com/story/opinion/2014/01/10/engineerin
g-mathematics-stem-gillibrand-kennedy-column/4361837/

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Analytics
 Integral

to ALL jobs
 Tools make it
easier to decipher
data
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 Marketers

on
Google Analytics
Social Media


Hot SM Jobs for 2014
(frombrazencareerist.com)

1.SEO Specialist
2. Social Media Strategist
3. Online Community Manager
4. Social Media Marketing
Manager
5. Social Media Marketing
Coordinator
6. Blogger/SM Copywriter



LH&A’s SM Jobs
(from lhazan.com)







Social Media
Specialist/Community
Manager
Global Digital Architect
Copywriter
Marketing Manager
Web Analytics (SEO)
Specialist
Tech/Mobile
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

Coming







Drones as delivery
system
Wearable tech (smart
watches, Google glass)
3D printing pen
20% growth of tablet
industry (forbes.com)

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

Going






Plasma TVs (Panasonic
to discontinue)
MP3 players (driven out
by smartphones and
tablets)
Hard disk drives

From http://www.foxnews.com/tech/2014/01/11/2014-what-coming-and-what-going/
Ever-changing Technology
 Transportation


ZipCars, Divvy Bikes

 “Smart”


Homes

Google’s buyout of
Nest

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Freelance Work
 Contract-to-hire

positions - wait and see attitude

(Obamacare)
 Recent college grads get foot in door
 “By 2020, more than 40% (of the workforce)
will be freelancers or contractors”
(Crain’s Chicago Business, 2014)
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Generation Z - Their Impact on the
Job Market






Born 1990 - 2010
Consume media online
more than offline
Social network oriented
Shift in the way products
will be marketed
“Authentic experience”

From Marketing News, December 2013

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Population by Generation

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Generational Differences
 WWII Generation

(1922-1945)



Work = obligation
Want reverence for
their knowledge

 Boomers

1964)



(1946-

Career = excitement &
adventure
Want to be needed
Generational Differences
 Generation

1980)



X (1965-

Work =
entrepreneurial
Want flexibility

 Generation

Y/Millennials (19812000)



Work = means to an
end
Like to work in teams
Boomers in the Workforce
 60

is the new 40
 Anticipated brain drain
 Delay retirement
 Consulting/freelancing
 Re-invent work after
retirement
 Healthcare = best field for
workers 50 +
 AARP - Best Employers for
workers over 50
Reinvent Yourself Professionally

Successful
Boomers create
demand for talent
and start their own
business.
Welcome to New Era @ Work

 Multi-generational

(must work together
in real time and
virtual)
 Technology enhanced
 Reverse mentoring
Welcome to the New Workplace
 Entire

staff not always at
office at same time.
 Employers more flexible;
adapt to changing
employee needs.
 Companies offer flex-time,
work from home options,
and/or alternative tracks for
career advancement.
The Importance of Continuing Education
Must-have

in a
competitive market
Best candidates
reinvent themselves,
stay educated, and
up-to-date on new
technology. Ex:
Search Engine
Marketing (SEM)
Change in the Role of the Recruiter
 Relationship

management


Managing longterm relationships

 PROactive

sourcing
 See trends ahead
of time


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Sneak previews of
emerging growth

 Seek

out
candidates 1 on 1
vs. “post and pray”
What’s Happening at LH&A
 Entering

29th year as
recruiter; 15 as LH&A
 Content among top
4% viewed on
Slideshare
 Consistently quoted in
top Chicago and
national publications!
Intern Reunion 2014
2013 Filled Jobs at LH&A













Global Brand Director
Digital Media Strategist
Marketing Manager
PR Account Exec
Senior VP Innovation/Business
Leadership
Marketing Coordinator
Senior Marketing Manager
Marketing Analyst
Social Media Expert
Social Media Manager
Manager - Email Marketing

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Current Needs - LH&A

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• Designer - Corporate
• Event Manager
• Sales Account Exec
• Marketing Manager Real Estate
• VP Innovation and
Engagement
• Director - Qualitative
Research
Clients Seek 21st Century Skills
Creativity & Innovation
 Critical Thinking & Problem
Solving
 Communication &
Collaboration
 Productivity & accountability
 Leadership & Responsibility
 Technology Literacy
 Flexibility & Adaptability
 Initiative & Self Direction
 Social & Cross Cultural
Skills
 Social media literacy

Must have skills for Candidates at
LH&A
 Writing
 Analytic

and
Quantitative
 Social Media & digital
skills
 Collaborative work
styles
 Industry specific
experience

 Strategy

and tactics
 Biz Development
 Managing clients,
supervisory skills
 Foreign Language
skills

How do you compare?
What Candidates Seek in Employers
 Stability
 Engagement
 Learn
 Tech
 Community
 Feel

appreciated
 Let them teach
 Opportunity to use
social media

What are YOU seeking in an employer?
What is your UPS?

What makes you special?
Trend Blog/Resources
 Trendwatching.com
 Futurist:

David Houle’s blog for hot tips:
 Evolutionshift.com
 http://davidhoule.com/forecasts/
 Marketingcharts.com
 McKinsey Global Institute Publications
 Did you know 6.0 (on YouTube)
A Quick Glance - 2014
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Press:Here TV Trend
Watch 2014

7 Consumer Trends
to Run With in 2014
(Trendwatching.com)
Find Lynn Hazan & Associates
Twitter: lynnhazan
Linkedin: Lynn Hazan
Facebook: Lynn Hazan
SlideShare: Lynn Hazan
EzineArticles: Lynn Hazan
Vine: Lynn Hazan
#MyLHAstory
55 E Washington St
Suite 715
Chicago, IL 60602
312-863-5401
Lynn@lhazan.com
www.lhazan.com

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Hiring Trends for 2014 - Lynn Hazan and Associates

  • 1. Hiring Trends 2014: A Recruiter’s Perspective Career Transition Center January 27, 2014 Lynn Hazan Erin Harte © 2014 Lynn Hazan & Associates, Inc.
  • 2. The Year of the Horse  Starts January 31, 2014 and lasts until February 18, 2015  Last Year of the Horse took place in 2002  Fortunate year that brings luck and good things
  • 3. The “New Normal” - Job Market V - Volatile U - Uncertain C - Complex A - Ambiguous Derived from military vocabulary in the 1990’s
  • 4. Antidote to “New Normal” V - Vision U - Understanding C - Clarity A - Agility QuickTime™ and a decompressor are needed to see this picture. A new way of thinking!
  • 5. Economic Outlook 2014  Chicago = 2.9% growth, lower than national average Job growth expected to increase by 1.5% (1.75% nationally)  Personal income growth = 6% (on par with national average)  Unemployment rate in Chicago down to 6.5% (from 7.44% in 2013)  From Crain’s Chicago Business, January 6, 2014
  • 6. Chicago 2014  Home    sales UP Shortage of new homes Remodeling/Rehab products and services UP Foreclosures down  Manufacturing  industry growth Demand trickle down - raw materials providers QuickTime™ and a decompressor are needed to see this picture. QuickTime™ and a decompressor are needed to see this picture. QuickTime™ and a decompressor are needed to see this picture.
  • 7. Overview of Industry Trends Big Data Dynamic Pricing S.T.E.M. Social Media Tech/Mobile Freelance Work
  • 8. A Survey What do YOU do first thing in the morning? QuickTime™ and a decompressor are needed to see this picture.
  • 9. Patterns of Behavior Candidates & Companies behave in certain manner Recognize patterns, make them work for you Create competitive advantage QuickTime™ and a decompressor are needed to see this picture.
  • 10. Big Data   QuickTime™ and a decompressor are needed to see this picture.  Predict what people want ahead of time  Amazon, Facebook Enterprises expected to spend average of $8M on Big Data in 2014 Privacy issues?  Target credit card scam From http://www.forbes.com/sites/louiscolumbus/2014/01/12/2014-the-year-big-data-adoption-goesmainstream-in-the-enterprise/
  • 11. The Three Vs of Big Data  Volume  Size/amount generated  Variety  QuickTime™ and a decompressor are needed to see this picture. Range of formats  Velocity  Rate at which data is produced
  • 12. Patterns Repeat QuickTime™ and a decompressor are needed to see this picture.
  • 13. Dynamic Pricing  Market trends stay relevant  Companies compete on fair playing field, adjust prices - online and in-store  Uber, Best Buy QuickTime™ and a decompressor are needed to see this picture. From http://www.zdnet.com/the-future-of-retail-is-dynamic-pricing-so-why-cant-we-get-it-right7000021444/
  • 14. Science, Technology, Engineering, Mathematics (S.T.E.M.)  Increased investment in science and math careers = more middle class jobs   From 50% of STEM jobs are available to people without a four year degree Growth rate = 3x faster than non-STEM jobs (17% growth in 2014) http://www.usatoday.com/story/opinion/2014/01/10/engineerin g-mathematics-stem-gillibrand-kennedy-column/4361837/ QuickTime™ and a decompressor are needed to see this picture.
  • 15. Analytics  Integral to ALL jobs  Tools make it easier to decipher data QuickTime™ and a decompressor are needed to see this picture.  Marketers on Google Analytics
  • 16. Social Media  Hot SM Jobs for 2014 (frombrazencareerist.com) 1.SEO Specialist 2. Social Media Strategist 3. Online Community Manager 4. Social Media Marketing Manager 5. Social Media Marketing Coordinator 6. Blogger/SM Copywriter  LH&A’s SM Jobs (from lhazan.com)      Social Media Specialist/Community Manager Global Digital Architect Copywriter Marketing Manager Web Analytics (SEO) Specialist
  • 17. Tech/Mobile QuickTime™ and a decompressor are needed to see this picture.  Coming     Drones as delivery system Wearable tech (smart watches, Google glass) 3D printing pen 20% growth of tablet industry (forbes.com) QuickTime™ and a decompressor are needed to see this picture.  Going    Plasma TVs (Panasonic to discontinue) MP3 players (driven out by smartphones and tablets) Hard disk drives From http://www.foxnews.com/tech/2014/01/11/2014-what-coming-and-what-going/
  • 18. Ever-changing Technology  Transportation  ZipCars, Divvy Bikes  “Smart”  Homes Google’s buyout of Nest QuickTime™ and a decompressor are needed to see this picture. QuickTime™ and a decompressor are needed to see this picture. QuickTime™ and a decompressor are needed to see this picture.
  • 19. Freelance Work  Contract-to-hire positions - wait and see attitude (Obamacare)  Recent college grads get foot in door  “By 2020, more than 40% (of the workforce) will be freelancers or contractors” (Crain’s Chicago Business, 2014) QuickTime™ and a decompressor are needed to see this picture.
  • 20. Generation Z - Their Impact on the Job Market      Born 1990 - 2010 Consume media online more than offline Social network oriented Shift in the way products will be marketed “Authentic experience” From Marketing News, December 2013 QuickTime™ and a decompressor are needed to see this picture.
  • 21. Population by Generation QuickTime™ and a decompressor are needed to see this picture.
  • 22. Generational Differences  WWII Generation (1922-1945)   Work = obligation Want reverence for their knowledge  Boomers 1964)   (1946- Career = excitement & adventure Want to be needed
  • 23. Generational Differences  Generation 1980)   X (1965- Work = entrepreneurial Want flexibility  Generation Y/Millennials (19812000)   Work = means to an end Like to work in teams
  • 24. Boomers in the Workforce  60 is the new 40  Anticipated brain drain  Delay retirement  Consulting/freelancing  Re-invent work after retirement  Healthcare = best field for workers 50 +  AARP - Best Employers for workers over 50
  • 25. Reinvent Yourself Professionally Successful Boomers create demand for talent and start their own business.
  • 26. Welcome to New Era @ Work  Multi-generational (must work together in real time and virtual)  Technology enhanced  Reverse mentoring
  • 27. Welcome to the New Workplace  Entire staff not always at office at same time.  Employers more flexible; adapt to changing employee needs.  Companies offer flex-time, work from home options, and/or alternative tracks for career advancement.
  • 28. The Importance of Continuing Education Must-have in a competitive market Best candidates reinvent themselves, stay educated, and up-to-date on new technology. Ex: Search Engine Marketing (SEM)
  • 29. Change in the Role of the Recruiter  Relationship management  Managing longterm relationships  PROactive sourcing  See trends ahead of time  QuickTime™ and a decompressor are needed to see this picture. Sneak previews of emerging growth  Seek out candidates 1 on 1 vs. “post and pray”
  • 30. What’s Happening at LH&A  Entering 29th year as recruiter; 15 as LH&A  Content among top 4% viewed on Slideshare  Consistently quoted in top Chicago and national publications! Intern Reunion 2014
  • 31. 2013 Filled Jobs at LH&A            Global Brand Director Digital Media Strategist Marketing Manager PR Account Exec Senior VP Innovation/Business Leadership Marketing Coordinator Senior Marketing Manager Marketing Analyst Social Media Expert Social Media Manager Manager - Email Marketing QuickTime™ and a decompressor are needed to see this picture.
  • 32. Current Needs - LH&A QuickTime™ and a decompressor are needed to see this picture. • Designer - Corporate • Event Manager • Sales Account Exec • Marketing Manager Real Estate • VP Innovation and Engagement • Director - Qualitative Research
  • 33. Clients Seek 21st Century Skills Creativity & Innovation  Critical Thinking & Problem Solving  Communication & Collaboration  Productivity & accountability  Leadership & Responsibility  Technology Literacy  Flexibility & Adaptability  Initiative & Self Direction  Social & Cross Cultural Skills  Social media literacy 
  • 34. Must have skills for Candidates at LH&A  Writing  Analytic and Quantitative  Social Media & digital skills  Collaborative work styles  Industry specific experience  Strategy and tactics  Biz Development  Managing clients, supervisory skills  Foreign Language skills How do you compare?
  • 35. What Candidates Seek in Employers  Stability  Engagement  Learn  Tech  Community  Feel appreciated  Let them teach  Opportunity to use social media What are YOU seeking in an employer?
  • 36. What is your UPS? What makes you special?
  • 37. Trend Blog/Resources  Trendwatching.com  Futurist: David Houle’s blog for hot tips:  Evolutionshift.com  http://davidhoule.com/forecasts/  Marketingcharts.com  McKinsey Global Institute Publications  Did you know 6.0 (on YouTube)
  • 38. A Quick Glance - 2014 QuickTime™ and a decompressor are needed to see this picture. Press:Here TV Trend Watch 2014 7 Consumer Trends to Run With in 2014 (Trendwatching.com)
  • 39. Find Lynn Hazan & Associates Twitter: lynnhazan Linkedin: Lynn Hazan Facebook: Lynn Hazan SlideShare: Lynn Hazan EzineArticles: Lynn Hazan Vine: Lynn Hazan #MyLHAstory 55 E Washington St Suite 715 Chicago, IL 60602 312-863-5401 Lynn@lhazan.com www.lhazan.com QuickTime™ and a decompressor are needed to see this picture. QuickTime™ and a decompressor are needed to see this picture.

Notas del editor

  1. Living in VUCA times Derived from military vocabulary in the 1990’s
  2. VUCA alternative
  3. Big data - move
  4. Condense wording
  5. Move to additional resources