SlideShare a Scribd company logo
1 of 30
360⁰ Talent Acquisition
Increasing Involvement
Increasing Influence
Maximizing Investment

Improvement proposal to target financial and efficiency improvements to
create a fully integrated 360⁰ RPO talent acquisition strategy


                                                      Chris Hood
                                                      November 2009
                                                      University of Dallas - GSM
Table of Contents

Proposal Topic………………………………………………………..3
Course Applications……………………...…………………………..4
Client Profile……………………………...…………………………...9
Goals of Improvement Implementation.........................................11
Current Process and Performance Measures.............................. 13
Improvement Opportunities...........................................................15
360⁰Improvement Approach..........................................................17
Implementation Plan...................................................................... 22
Action Plan and Cost Analysis....................................................... 25
Return On Investment.................................................................... 28
References and Works Cited......................................................... 30




                                       http://hoodatwork.com                                   2
Proposal Topic

                                Summary
•   Client is a global leader in their industry. Recent review has
    shown an opportunity to decrease hiring expense while
    increasing the efficiency and quality of hire.
•   An RPO Provider has been retained to provide such a solution
     •   While effective, opportunity still exists to optimize the process and
         enhance its value
•   Application of course material from MANA6305 provides a
    strong framework for the following Improvement Proposal
     •   The attached proposal is based on the following:
          • Mission/Values (Unit 4)
          • Organizational Process (Unit 6)
          • Strategic HRM (Unit 7)
          • Selection and Retention (Unit 8)
          • Organizational Change (Unit 11)



                                http://hoodatwork.com                            3
Course Application – Unit 4
Mission / Vision

•   Client has clearly defined mission, vision and goals stated on their
    corporate website
•   Compliance to the above not strictly adhered to within scope of talent
    acquisition process
•   Client’s mission, vision and other corporate statements are well
    represented on corporate web site
•   Client strives to maintain a high performance culture.
     • Very close to achieving Wriston’s 4 components within talent
        acquisition process1
         • A collaborative environment
         • A culture of accountability
         • Focus
         • Robust processes
•   While achieving strong results in these areas, opportunities for valuable
    improvement exist to improve in all 4 areas


                                                                            4
                               http://hoodatwork.com
Course Application – Unit 6
Organizational Process

•   Talent acquisition process requires high reliance on quick decision
    making
•   Conversely, the decision to retain an RPO provider on a multi-year
    engagement requires cross-functional, highly involved decision making
•   Breakdown arises from agreeing to process in principle, but not
    executing in accordance with parameters
     •   Teams are disaligned - they often insulate themselves from process
     •   Rational decision making process used effectively – but undocumented 7th
                           2
         step not followed
     •   “Ladder of Inference” system often accompanies interview and candidate
                             2
         selection process
          •   Decisions not always made on most pertinent data




                                     http://hoodatwork.com                          5
Course Application – Unit 7
Hiring and Retention
•   Client offers exceptional benefits to all employees
     • Examples include:
        • PPO health insurance at very low premium
        • Stock discount / Retirement account / Profit sharing
        • Tuition reimbursement
        • Focus on health and wellnessOn-site fitness facility /Company
          subsidized
•   Reward system not as robust in remote locations; Primarily
    manufacturing facilities
     •   Uniquely qualified, technical candidates continually receive offers that fall
         below industry standard
     •   Salary offers not objectively based – rather driven by perceived merit
     •   Highest offer decline rate in the company
•   Opportunity exists to equalize financial reward system to be consistent
    throughout the company from an intrinsic and extrinsic standpoint3



                                    http://hoodatwork.com                                6
Course Application – Unit 8
Employee Life Cycle / Hiring Procedure

•   Employee selection process is a work in progress.
•   Changes in timing, budget, scope and geographies influence
    hiring needs
•   Consistent selection process will increase functionality and help
    uncover hiring opportunities
     • Employing a selection tool to objectively assess performance
     • Subjective interviewing still vital to determine “fit”
                                                              4



•   Challenge is to achieve buy-in from all stakeholders to adhere to
    consistent process




                             http://hoodatwork.com                      7
Course Application – Unit 11
Leading Change

•   The end goal of this proposal is to drive change that is valuable
    from financial and efficiency-based perspectives
      • Application of multi-value based initiatives will drive change
        in the following:
         • Attitude towards hiring
         • Change in hiring practice
         • Greatly reduce hiring expenditure
         • Heightened appreciation for true value of time
     •   Enhancement from proposed re-engineering of hiring
         process will:
         • Factor directly with decision making in other areas
         • Generate logical thought when assessing perceived value of
           comparable costs




                              http://hoodatwork.com                      8
Client Profile

•   Client is the world’s leading provider of intelligent industry specific
    hardware and software solutions, with nearly 8,000 corporate and
    municipal entities worldwide relying on our technology to optimize the
    delivery and use of essential services.
•   2008 Revenues: $1.91 billion
•   Customers: More than 8,000 in 130 countries
•   Stock: NASDAQ: Client
•   Office Locations: More than 80 locations globally with headquarters in
    USA and Belgium (E)
•   Markets: Hi-Tech, Environmental, Essential, Smart




                              http://hoodatwork.com                       9
Client’s Corporate Culture and Hiring Vision

 At Our Company, “Knowledge to Shape Our Future” describes the value
    we provide to our many customers. It also describes the value that we
       provide to our own employees. Our Company’s management is
     committed to providing employees with opportunities and resources
                that they can utilize to shape their own future.”




                             http://hoodatwork.com                      10
Proposed Goal of Program Implementation

•   360⁰ Talent Acquisition is a dual function of internal (Corporate /
    Human Resources - HR) recruiting and external (Agency / RPO
    “Recruitment Process Outsourcing”) functions
•   Root issue is decentralization and hiring practice consistency
    within corporate staffing leaders
     • Retained RPO and HR consultants not used to full capability
     • RPO provider not used on specific requisitions – hiring
       managers choose local contingent agencies for recruiting
       support
•   Client spent $475K for FY 2008 on RPO retainer
     •   75 hires allocated to this number – 47 realized
•   Additional $396K spent on additional contingent hiring resources




                                   http://hoodatwork.com              11
Implementation Goals (cont’d)

•   Decrease key hiring metrics by increasing management level
    responsibility in centralized hiring process
     • Time to fill
     • Cost per hire
     • Quality of hire
     • Recruiting costs
•   Achieve buy-in from key stakeholders and influential hiring
    managers
     •   Result is exclusive, dedicated e external hiring partner
•   Eliminate recruiting redundancies and avoidable recruiting costs
    by establishing credibility of retained RPO Provider




                                   http://hoodatwork.com            12
Current Talent Acquisition Process



                      External Candidate                                         Interview Scheduled
Hiring Manager Kick                         Resume Submission   Hiring Manager                         Interview Feedback /   Offer Approval
                      Sourcing, Screening                                         (Pending Resume                                              Candidate Hire
  off Meeting                                                        Review                               Hiring Decision        Process
                         and Review                                                     Review)




Historical - Position Cycle Time (in days)
          8                     9                   8               13                  9                   10                 12                6
Current - Position Cycle Time (in days)
          7                     7                   6                 9                 7                     8                  8               4
Goal - Position Cycle Time (in days)
          6                     6                   5                 5                 5                     5                  5               1
Key process improvement opportunities in exist steps 3 – 7
•       Improvement will result from more efficient hiring manager review
•       Expedited interview scheduling
•       Efficient transfer of feedback
•       Streamlining of offer approval process


                                                                 http://hoodatwork.com                                                                 13
Metrics: History vs. Current Performance vs. Stated Goals

Metric                     Pre-RPO         Current RPO   Stated Goal
Time to Fill               75 Days         56 days       40 days
Interview to Hire Ratio    17%             29%           40%
Submission to Hire Ratio   8%              13%           20%
Cost per Hire              $14,290         $8,260        $5,600


    Interview to hire ratio represents number of candidates interviewed in FY
    2008 by actual hires
    Submission to hire ratio equals number of candidates submitted for review
    by YTD actual hires
    Pre-RPO cost per hire calculated by accessing disclosed company
    information during pre-launch discovery. Current CPH equals current RPO
    billing and adding fees associated with additional 3rd party agencies.
    Resulting cost figure is divided by hires to date.



                              http://hoodatwork.com                      14
Improvement Opportunities

•   Time to fill
     • Key opportunities for improvement exist in steps 3-7 of hiring
       process
     • Hiring manager participation and accountability contribute to fall-off
       in goal attainment
•   Interview/Submittal to hire ratios
     • Improvement plan focus targets hiring managers and stakeholders
     • 12% of submitted candidates remove themselves from
       consideration prior to receipt of feedback
     • 75% of candidate drop off in steps leading up to hire results from
       delay in decision process (candidate loses interest or receives a
       competing offer)
     • Dialogue and rapport between RPO provider and hiring managers
       needs improvement
         • More efficiency in gaining trust of hiring manager
         • Garner better understanding of position requirements
         • Consistent feedback is crucial



                                http://hoodatwork.com                       15
Improvement Opportunities
(Cont’d)

•   Cost per hire
     • Intermittent use of contingent recruiting agencies causing CPH to
       trend above goal
     • Agencies still engaged due to relationships and perceived trust by
       hiring manager
     • 3rd party agencies (aside from RPO provider) average $9K+ per
       hire over RPO engagement contract




                              http://hoodatwork.com                         16
Improvement Approach
Internal Deliverables

•   Create and enforce corporate mandate terminating usage of
    non-approved agencies
•   Create systemic barriers to prevent agency from submission of
    unsolicited resumes
•   Create open dialogue between hiring authorities and HR to
    survey perceived shortfalls in RPO/HR talent acquisition
    execution
•   Champion cultural change in hiring perceptions
•   Detail consistent hiring methodology across company verticals




                           http://hoodatwork.com                    17
Improvement Approach
External (RPO) Deliverables

•   Engage in exhaustive industry and company research
•   Develop ideal profile of candidates across verticals
•   Become familiar with standardized job descriptions and position
    qualifications
•   Conduct regional assessment of hiring data
•   Utilize advanced research methodology to uncover potential
    candidate sources




                           http://hoodatwork.com                  18
Improvement Approach
 360⁰ Talent Acquisition Team Stakeholders

•   Begin new relationship with agreeing on:
     • Process
     • Communication standards
•   Build confidence amongst 360⁰ Talent Acquisition Team
     •   Know the job
     •   Understand the industry and marketplace
     •   Teach and promote objective assessment
     •   Be prepared to justify candidate submissions
     •   Be a partner to the hiring manager
     •   Team with managers to make this a mutual process




                              http://hoodatwork.com         19
Improvement Approach
 360⁰ Talent Acquisition Team Stakeholders

•   Partner with managers to encourage an open minded approach
    to hiring
•   Build confidence in recruiting expertise and industry knowledge
•   Establish open communication to ensure clear, objective
    feedback and timely response
•   Teach hiring managers to uncover useful data through effective
    interviewing
•   Create relationship where hiring manager feels like a top priority




                            http://hoodatwork.com                    20
Improvement Approach
Holistic Diagram

Result of implementation is a true “360⁰ Talent Acquisition Team”


                           Hiring
                          Managers
             Client                                  RPO
              HR                                    Provider

                            360⁰ Talent
                            Acquisition
                              Team




                            http://hoodatwork.com                   21
Implementation Plan
    Talent Acquisition Process

•   Process improvement strategy focus on stages 3-7 of recruiting and
    hiring cycle
•   Stakeholder deliverables detailed below in sequential order




                                 http://hoodatwork.com              22
Implementation Plan
Process Training / Program Evaluation
Implementation plan consists of 4 components
• Training
• Immersion
• Execution
• Evaluation


Train Hiring Managers New on Process
 Current mgrs train
  on new process
   Participate in
                         Immersion with Talent Acquisition Group
  company value
    focus group

                         Kick-off calls occur
                                                New Process Execution
First time hiring mgrs                          Initial Search executed with detailed
 participate in web-     Agreement reached                                               On-going evaluation and tweaking of
                                                documentation of improvements and
   based process         on process for each                                            process to ensure maximum efficiency
                                                         missed opportunities
        training             requisition




                                                  http://hoodatwork.com                                                        23
Implementation Plan
  360⁰ Improvement Model

Anticipated Result – Continuity of process will ensure constant focus
on company values, strategy and hiring effectiveness within a
collaborative, team-based network

                                 Training




                                 360 ⁰
                  Evaluation     Talent                  Immersion
                               Acquisition




                                 Execution




                                 http://hoodatwork.com               24
Action Plan and Cost Analysis

                                                                         Start        End        Estimated
           Item Description                   Duration          Units    Date         Date         Cost
Conduct and assess hiring value
proposition focus groups                         3              Weeks   1/2/2009    1/20/2009     $27,500
Create web-based training seminars for
all hiring authorities to complete prior to
receiving approval to hire new headcount         3              Weeks   1/23/2009   2/3/2009      $19,120
Implement web-based process training
for new and current hiring managers              1              Week    2/6/2009    2/10/2009     $15,000
Immersion will be primarily virtual - cost
associated with RPO Provider creating
and delivering immersion and best
practice documents                               1              Week    2/13/2009   Ongoing       $18,000
Tracking and process assessment
surveys - 1 for each initial search by any
hiring manager. Subsequent
assessments to be assigned at random             1              Week    2/20/2009   Ongoing       $10,000
                                                                                         Total    $89,620




                                                http://hoodatwork.com                                 25
Action Plan and Cost Analysis
    Costing Assumptions

•   Value proposition focus groups to be conducted by 3rd party Talent
    Consulting Agency (TCA)
     • Proven research and interview methodologies uncover unbiased and
       useful results
     • Cost based on industry research and internal data
     • Example – The Newman Group, Taleo, Kenexa
•   Web-Based Training Seminars
     • Created by TCA
     • Company focused and branded online webinar created to convey
       company standards, values, missions, beliefs and expectations related
       to talent acquisition
     • Cost defined as function of consultant time and creative fees




                                  http://hoodatwork.com                   26
Action Plan and Cost Analysis
    Costing Assumptions (cont’d)

•   Immersion activities include on-site introductory meetings between
    RPO Provider and internal stakeholders
     •   Costs calculated as function of travel and creation of additional
         process documents and collateral
•   Performance Tracking
     • Quality management initiative designed to uncover breakdowns in
       process and overall satisfaction with RPO Provider
     • Costs based on 50 hiring managers completing 2 assessments in FY
       2009
        • Assessment fee: $50 per report




                                     http://hoodatwork.com                   27
Return on Investment

Metric                     Pre-          Current             Stated    Return on
                           RPO           RPO                 Goal      Investment
Time to Fill               75 Days       56 days             40 days   $10,546 per hire
Interview to Hire Ratio    17%           29%                 40%       $28,750 per 100 IV’s
Submission to Hire Ratio   8%            13%                 20%       Performance Metric
Cost per Hire              $14,290       $8,260              $5,600    $8690 per hire

ROI Assumptions:
•   Time to fill ROI computed by taking net revenue per employee (less average
    cost of employment from average daily revenue) and converting it under new
    process. Placement fee and interview cost subtracted yield ROI
•   Interview to Hire ROI calculated by multiplying average interview cost by
    difference in volume for every 100 interviews
•   Cost per hire ROI represents difference between Pre-RPO CPH and goal
    CPH multiplied by projected number of hires for FY2009 (placement fee)


                                     http://hoodatwork.com                                28
Return on Investment
  (cont’d)


  Anticipated ROI based on 100 Hires by RPO Provider
Time to Fill   Interview   Agency vs. RPO            Initial      Return on
ROI            cost ROI    Cost ROI                  Investment   Investment
$1,054,600     $28,750     $869,000                  $89,260      $1,865,090




                             http://hoodatwork.com                        29
Works Cited / References

1
    Wriston, Michael J. "Creating a High-Performance Culture." Organization Development Journal
        25.1 (2007): 8-16. Business Source Complete. EBSCO. Web. 2 Nov. 2009.
2
    University of Dallas – E-College, MANA6305, e-Lecture, Unit 6
3
    Ryan, Ann Marie, and Nancy T. Tippins "ATTRACTING AND SELECTING: WHAT
        PSYCHOLOGICAL RESEARCH TELLS US." Human Resource Management 43.4 (2004):
        305-318. Business Source Complete. EBSCO. Web. 2 Nov. 2009.
4
    University of Dallas – E-College, MANA6305, e-Lecture, Unit 8
5
    University of Dallas – E-College, MANA6305, e-Lecture, Unit 11

    Note: Financial figures and performance metrics were researched and presented based on the
        performance, goals and costs associated with verified RPO services, and tested
        implementation schema.




                                         http://hoodatwork.com                                    30

More Related Content

What's hot

What's hot (17)

BABOK Version 2
BABOK Version 2BABOK Version 2
BABOK Version 2
 
WQD2011 - Breakthrough Process Improvement - Mashreq Bank - Improving Sales, ...
WQD2011 - Breakthrough Process Improvement - Mashreq Bank - Improving Sales, ...WQD2011 - Breakthrough Process Improvement - Mashreq Bank - Improving Sales, ...
WQD2011 - Breakthrough Process Improvement - Mashreq Bank - Improving Sales, ...
 
Uni Solutions Overview
Uni Solutions OverviewUni Solutions Overview
Uni Solutions Overview
 
(Mb asubjects.com)ob11 07st
(Mb asubjects.com)ob11 07st(Mb asubjects.com)ob11 07st
(Mb asubjects.com)ob11 07st
 
WQD2011 - INNOVATION - Mashreq Bank - Improving the on-boarding experience fo...
WQD2011 - INNOVATION - Mashreq Bank - Improving the on-boarding experience fo...WQD2011 - INNOVATION - Mashreq Bank - Improving the on-boarding experience fo...
WQD2011 - INNOVATION - Mashreq Bank - Improving the on-boarding experience fo...
 
CBAP Presentation
CBAP PresentationCBAP Presentation
CBAP Presentation
 
Intro To Consulting Prework 1
Intro To Consulting   Prework 1Intro To Consulting   Prework 1
Intro To Consulting Prework 1
 
Deon Cv20110626
Deon Cv20110626Deon Cv20110626
Deon Cv20110626
 
Introduction to the CXO Advisory Group
Introduction to the CXO Advisory GroupIntroduction to the CXO Advisory Group
Introduction to the CXO Advisory Group
 
CBAP® Preparation Course
CBAP® Preparation CourseCBAP® Preparation Course
CBAP® Preparation Course
 
Repair Your Talent Brand Houston Expo
Repair Your Talent Brand Houston ExpoRepair Your Talent Brand Houston Expo
Repair Your Talent Brand Houston Expo
 
Karthik Mahadevan
Karthik MahadevanKarthik Mahadevan
Karthik Mahadevan
 
NVQ Portfolio 2011-12
NVQ Portfolio 2011-12NVQ Portfolio 2011-12
NVQ Portfolio 2011-12
 
The CEO Roadmap
The CEO RoadmapThe CEO Roadmap
The CEO Roadmap
 
ABM Consult - Malaysia's leading management consultants
ABM Consult - Malaysia's leading management consultantsABM Consult - Malaysia's leading management consultants
ABM Consult - Malaysia's leading management consultants
 
Effective portfolio management
Effective portfolio managementEffective portfolio management
Effective portfolio management
 
The Beyond Budgeting Principles
The Beyond Budgeting PrinciplesThe Beyond Budgeting Principles
The Beyond Budgeting Principles
 

Viewers also liked

2010 it hiring trends
2010 it hiring trends2010 it hiring trends
2010 it hiring trendsChris Hood
 
Chris Hood - Setting Expectations
Chris Hood - Setting ExpectationsChris Hood - Setting Expectations
Chris Hood - Setting ExpectationsChris Hood
 
Chris Hood 360 Feedback
Chris Hood 360 FeedbackChris Hood 360 Feedback
Chris Hood 360 FeedbackChris Hood
 
2010 It Hiring Trends
2010 It Hiring Trends2010 It Hiring Trends
2010 It Hiring TrendsChris Hood
 
Hiring Manager Expectations Presentation 11 3
Hiring Manager Expectations Presentation 11 3Hiring Manager Expectations Presentation 11 3
Hiring Manager Expectations Presentation 11 3Chris Hood
 

Viewers also liked (6)

2010 it hiring trends
2010 it hiring trends2010 it hiring trends
2010 it hiring trends
 
It For 10
It For 10It For 10
It For 10
 
Chris Hood - Setting Expectations
Chris Hood - Setting ExpectationsChris Hood - Setting Expectations
Chris Hood - Setting Expectations
 
Chris Hood 360 Feedback
Chris Hood 360 FeedbackChris Hood 360 Feedback
Chris Hood 360 Feedback
 
2010 It Hiring Trends
2010 It Hiring Trends2010 It Hiring Trends
2010 It Hiring Trends
 
Hiring Manager Expectations Presentation 11 3
Hiring Manager Expectations Presentation 11 3Hiring Manager Expectations Presentation 11 3
Hiring Manager Expectations Presentation 11 3
 

Similar to Chris hood 360 feedback

Business Process Reengineering
Business Process ReengineeringBusiness Process Reengineering
Business Process ReengineeringShillu Blue
 
Pro Action Case Studies Diligence Through Exit
Pro Action Case Studies   Diligence Through ExitPro Action Case Studies   Diligence Through Exit
Pro Action Case Studies Diligence Through Exitproactionman
 
Linked in presentation
Linked in presentationLinked in presentation
Linked in presentationagplugge
 
Critical Success Factors of Process Redesign
Critical Success Factors of Process RedesignCritical Success Factors of Process Redesign
Critical Success Factors of Process RedesignBrad Power
 
20 best practices for fusion hcm cloud implementation
20   best practices for fusion hcm cloud implementation20   best practices for fusion hcm cloud implementation
20 best practices for fusion hcm cloud implementationmohamed refaei
 
Best practices for fusion hcm cloud implementation
Best practices for fusion hcm cloud implementationBest practices for fusion hcm cloud implementation
Best practices for fusion hcm cloud implementationFeras Ahmad
 
How to improve your time to market by moving to Agile with good governance (K...
How to improve your time to market by moving to Agile with good governance (K...How to improve your time to market by moving to Agile with good governance (K...
How to improve your time to market by moving to Agile with good governance (K...APMG-International Showcase UK
 
About Agile & PMI Agile Certified Practitioner (PMI-ACP) Overview
About Agile & PMI Agile Certified Practitioner (PMI-ACP) OverviewAbout Agile & PMI Agile Certified Practitioner (PMI-ACP) Overview
About Agile & PMI Agile Certified Practitioner (PMI-ACP) OverviewAleem Khan
 
Business process reengineering (1)
Business process reengineering (1)Business process reengineering (1)
Business process reengineering (1)SWARNAU
 
Business process reengineering
Business process reengineeringBusiness process reengineering
Business process reengineeringNeelkamal Sharma
 
Sabrion_Consulting_Overview CPG Retail Apparel.pdf
Sabrion_Consulting_Overview CPG Retail Apparel.pdfSabrion_Consulting_Overview CPG Retail Apparel.pdf
Sabrion_Consulting_Overview CPG Retail Apparel.pdfBrion Carroll (II)
 
Role of the CFO in Selecting and Implementing Enterprise Solutions
Role of the CFO in Selecting and Implementing Enterprise SolutionsRole of the CFO in Selecting and Implementing Enterprise Solutions
Role of the CFO in Selecting and Implementing Enterprise SolutionsProformative, Inc.
 
Agile Project Outsourcing - Dealing with RFP and RFI
Agile Project Outsourcing - Dealing with RFP and RFIAgile Project Outsourcing - Dealing with RFP and RFI
Agile Project Outsourcing - Dealing with RFP and RFISiddhi
 
Agile india2012 - Dealing with agile RFP
Agile india2012   - Dealing with agile RFPAgile india2012   - Dealing with agile RFP
Agile india2012 - Dealing with agile RFPRavi Kumar
 
Role of the CFO in Selecting and Implementing Enterprise Systems in a Profess...
Role of the CFO in Selecting and Implementing Enterprise Systems in a Profess...Role of the CFO in Selecting and Implementing Enterprise Systems in a Profess...
Role of the CFO in Selecting and Implementing Enterprise Systems in a Profess...Changepoint
 

Similar to Chris hood 360 feedback (20)

BPR ppt.pptx
BPR ppt.pptxBPR ppt.pptx
BPR ppt.pptx
 
Business Process Reengineering
Business Process ReengineeringBusiness Process Reengineering
Business Process Reengineering
 
Pro Action Case Studies Diligence Through Exit
Pro Action Case Studies   Diligence Through ExitPro Action Case Studies   Diligence Through Exit
Pro Action Case Studies Diligence Through Exit
 
Linked in presentation
Linked in presentationLinked in presentation
Linked in presentation
 
Critical Success Factors of Process Redesign
Critical Success Factors of Process RedesignCritical Success Factors of Process Redesign
Critical Success Factors of Process Redesign
 
Ch2 op.str & comp.
Ch2 op.str & comp.Ch2 op.str & comp.
Ch2 op.str & comp.
 
20 best practices for fusion hcm cloud implementation
20   best practices for fusion hcm cloud implementation20   best practices for fusion hcm cloud implementation
20 best practices for fusion hcm cloud implementation
 
Best practices for fusion hcm cloud implementation
Best practices for fusion hcm cloud implementationBest practices for fusion hcm cloud implementation
Best practices for fusion hcm cloud implementation
 
How to improve your time to market by moving to Agile with good governance (K...
How to improve your time to market by moving to Agile with good governance (K...How to improve your time to market by moving to Agile with good governance (K...
How to improve your time to market by moving to Agile with good governance (K...
 
About Agile & PMI Agile Certified Practitioner (PMI-ACP) Overview
About Agile & PMI Agile Certified Practitioner (PMI-ACP) OverviewAbout Agile & PMI Agile Certified Practitioner (PMI-ACP) Overview
About Agile & PMI Agile Certified Practitioner (PMI-ACP) Overview
 
IT-CMF BAR
IT-CMF BARIT-CMF BAR
IT-CMF BAR
 
Program Management Office (PMO)
Program Management Office (PMO)Program Management Office (PMO)
Program Management Office (PMO)
 
Agile concepts
Agile conceptsAgile concepts
Agile concepts
 
Business process reengineering (1)
Business process reengineering (1)Business process reengineering (1)
Business process reengineering (1)
 
Business process reengineering
Business process reengineeringBusiness process reengineering
Business process reengineering
 
Sabrion_Consulting_Overview CPG Retail Apparel.pdf
Sabrion_Consulting_Overview CPG Retail Apparel.pdfSabrion_Consulting_Overview CPG Retail Apparel.pdf
Sabrion_Consulting_Overview CPG Retail Apparel.pdf
 
Role of the CFO in Selecting and Implementing Enterprise Solutions
Role of the CFO in Selecting and Implementing Enterprise SolutionsRole of the CFO in Selecting and Implementing Enterprise Solutions
Role of the CFO in Selecting and Implementing Enterprise Solutions
 
Agile Project Outsourcing - Dealing with RFP and RFI
Agile Project Outsourcing - Dealing with RFP and RFIAgile Project Outsourcing - Dealing with RFP and RFI
Agile Project Outsourcing - Dealing with RFP and RFI
 
Agile india2012 - Dealing with agile RFP
Agile india2012   - Dealing with agile RFPAgile india2012   - Dealing with agile RFP
Agile india2012 - Dealing with agile RFP
 
Role of the CFO in Selecting and Implementing Enterprise Systems in a Profess...
Role of the CFO in Selecting and Implementing Enterprise Systems in a Profess...Role of the CFO in Selecting and Implementing Enterprise Systems in a Profess...
Role of the CFO in Selecting and Implementing Enterprise Systems in a Profess...
 

Chris hood 360 feedback

  • 1. 360⁰ Talent Acquisition Increasing Involvement Increasing Influence Maximizing Investment Improvement proposal to target financial and efficiency improvements to create a fully integrated 360⁰ RPO talent acquisition strategy Chris Hood November 2009 University of Dallas - GSM
  • 2. Table of Contents Proposal Topic………………………………………………………..3 Course Applications……………………...…………………………..4 Client Profile……………………………...…………………………...9 Goals of Improvement Implementation.........................................11 Current Process and Performance Measures.............................. 13 Improvement Opportunities...........................................................15 360⁰Improvement Approach..........................................................17 Implementation Plan...................................................................... 22 Action Plan and Cost Analysis....................................................... 25 Return On Investment.................................................................... 28 References and Works Cited......................................................... 30 http://hoodatwork.com 2
  • 3. Proposal Topic Summary • Client is a global leader in their industry. Recent review has shown an opportunity to decrease hiring expense while increasing the efficiency and quality of hire. • An RPO Provider has been retained to provide such a solution • While effective, opportunity still exists to optimize the process and enhance its value • Application of course material from MANA6305 provides a strong framework for the following Improvement Proposal • The attached proposal is based on the following: • Mission/Values (Unit 4) • Organizational Process (Unit 6) • Strategic HRM (Unit 7) • Selection and Retention (Unit 8) • Organizational Change (Unit 11) http://hoodatwork.com 3
  • 4. Course Application – Unit 4 Mission / Vision • Client has clearly defined mission, vision and goals stated on their corporate website • Compliance to the above not strictly adhered to within scope of talent acquisition process • Client’s mission, vision and other corporate statements are well represented on corporate web site • Client strives to maintain a high performance culture. • Very close to achieving Wriston’s 4 components within talent acquisition process1 • A collaborative environment • A culture of accountability • Focus • Robust processes • While achieving strong results in these areas, opportunities for valuable improvement exist to improve in all 4 areas 4 http://hoodatwork.com
  • 5. Course Application – Unit 6 Organizational Process • Talent acquisition process requires high reliance on quick decision making • Conversely, the decision to retain an RPO provider on a multi-year engagement requires cross-functional, highly involved decision making • Breakdown arises from agreeing to process in principle, but not executing in accordance with parameters • Teams are disaligned - they often insulate themselves from process • Rational decision making process used effectively – but undocumented 7th 2 step not followed • “Ladder of Inference” system often accompanies interview and candidate 2 selection process • Decisions not always made on most pertinent data http://hoodatwork.com 5
  • 6. Course Application – Unit 7 Hiring and Retention • Client offers exceptional benefits to all employees • Examples include: • PPO health insurance at very low premium • Stock discount / Retirement account / Profit sharing • Tuition reimbursement • Focus on health and wellnessOn-site fitness facility /Company subsidized • Reward system not as robust in remote locations; Primarily manufacturing facilities • Uniquely qualified, technical candidates continually receive offers that fall below industry standard • Salary offers not objectively based – rather driven by perceived merit • Highest offer decline rate in the company • Opportunity exists to equalize financial reward system to be consistent throughout the company from an intrinsic and extrinsic standpoint3 http://hoodatwork.com 6
  • 7. Course Application – Unit 8 Employee Life Cycle / Hiring Procedure • Employee selection process is a work in progress. • Changes in timing, budget, scope and geographies influence hiring needs • Consistent selection process will increase functionality and help uncover hiring opportunities • Employing a selection tool to objectively assess performance • Subjective interviewing still vital to determine “fit” 4 • Challenge is to achieve buy-in from all stakeholders to adhere to consistent process http://hoodatwork.com 7
  • 8. Course Application – Unit 11 Leading Change • The end goal of this proposal is to drive change that is valuable from financial and efficiency-based perspectives • Application of multi-value based initiatives will drive change in the following: • Attitude towards hiring • Change in hiring practice • Greatly reduce hiring expenditure • Heightened appreciation for true value of time • Enhancement from proposed re-engineering of hiring process will: • Factor directly with decision making in other areas • Generate logical thought when assessing perceived value of comparable costs http://hoodatwork.com 8
  • 9. Client Profile • Client is the world’s leading provider of intelligent industry specific hardware and software solutions, with nearly 8,000 corporate and municipal entities worldwide relying on our technology to optimize the delivery and use of essential services. • 2008 Revenues: $1.91 billion • Customers: More than 8,000 in 130 countries • Stock: NASDAQ: Client • Office Locations: More than 80 locations globally with headquarters in USA and Belgium (E) • Markets: Hi-Tech, Environmental, Essential, Smart http://hoodatwork.com 9
  • 10. Client’s Corporate Culture and Hiring Vision At Our Company, “Knowledge to Shape Our Future” describes the value we provide to our many customers. It also describes the value that we provide to our own employees. Our Company’s management is committed to providing employees with opportunities and resources that they can utilize to shape their own future.” http://hoodatwork.com 10
  • 11. Proposed Goal of Program Implementation • 360⁰ Talent Acquisition is a dual function of internal (Corporate / Human Resources - HR) recruiting and external (Agency / RPO “Recruitment Process Outsourcing”) functions • Root issue is decentralization and hiring practice consistency within corporate staffing leaders • Retained RPO and HR consultants not used to full capability • RPO provider not used on specific requisitions – hiring managers choose local contingent agencies for recruiting support • Client spent $475K for FY 2008 on RPO retainer • 75 hires allocated to this number – 47 realized • Additional $396K spent on additional contingent hiring resources http://hoodatwork.com 11
  • 12. Implementation Goals (cont’d) • Decrease key hiring metrics by increasing management level responsibility in centralized hiring process • Time to fill • Cost per hire • Quality of hire • Recruiting costs • Achieve buy-in from key stakeholders and influential hiring managers • Result is exclusive, dedicated e external hiring partner • Eliminate recruiting redundancies and avoidable recruiting costs by establishing credibility of retained RPO Provider http://hoodatwork.com 12
  • 13. Current Talent Acquisition Process External Candidate Interview Scheduled Hiring Manager Kick Resume Submission Hiring Manager Interview Feedback / Offer Approval Sourcing, Screening (Pending Resume Candidate Hire off Meeting Review Hiring Decision Process and Review Review) Historical - Position Cycle Time (in days) 8 9 8 13 9 10 12 6 Current - Position Cycle Time (in days) 7 7 6 9 7 8 8 4 Goal - Position Cycle Time (in days) 6 6 5 5 5 5 5 1 Key process improvement opportunities in exist steps 3 – 7 • Improvement will result from more efficient hiring manager review • Expedited interview scheduling • Efficient transfer of feedback • Streamlining of offer approval process http://hoodatwork.com 13
  • 14. Metrics: History vs. Current Performance vs. Stated Goals Metric Pre-RPO Current RPO Stated Goal Time to Fill 75 Days 56 days 40 days Interview to Hire Ratio 17% 29% 40% Submission to Hire Ratio 8% 13% 20% Cost per Hire $14,290 $8,260 $5,600 Interview to hire ratio represents number of candidates interviewed in FY 2008 by actual hires Submission to hire ratio equals number of candidates submitted for review by YTD actual hires Pre-RPO cost per hire calculated by accessing disclosed company information during pre-launch discovery. Current CPH equals current RPO billing and adding fees associated with additional 3rd party agencies. Resulting cost figure is divided by hires to date. http://hoodatwork.com 14
  • 15. Improvement Opportunities • Time to fill • Key opportunities for improvement exist in steps 3-7 of hiring process • Hiring manager participation and accountability contribute to fall-off in goal attainment • Interview/Submittal to hire ratios • Improvement plan focus targets hiring managers and stakeholders • 12% of submitted candidates remove themselves from consideration prior to receipt of feedback • 75% of candidate drop off in steps leading up to hire results from delay in decision process (candidate loses interest or receives a competing offer) • Dialogue and rapport between RPO provider and hiring managers needs improvement • More efficiency in gaining trust of hiring manager • Garner better understanding of position requirements • Consistent feedback is crucial http://hoodatwork.com 15
  • 16. Improvement Opportunities (Cont’d) • Cost per hire • Intermittent use of contingent recruiting agencies causing CPH to trend above goal • Agencies still engaged due to relationships and perceived trust by hiring manager • 3rd party agencies (aside from RPO provider) average $9K+ per hire over RPO engagement contract http://hoodatwork.com 16
  • 17. Improvement Approach Internal Deliverables • Create and enforce corporate mandate terminating usage of non-approved agencies • Create systemic barriers to prevent agency from submission of unsolicited resumes • Create open dialogue between hiring authorities and HR to survey perceived shortfalls in RPO/HR talent acquisition execution • Champion cultural change in hiring perceptions • Detail consistent hiring methodology across company verticals http://hoodatwork.com 17
  • 18. Improvement Approach External (RPO) Deliverables • Engage in exhaustive industry and company research • Develop ideal profile of candidates across verticals • Become familiar with standardized job descriptions and position qualifications • Conduct regional assessment of hiring data • Utilize advanced research methodology to uncover potential candidate sources http://hoodatwork.com 18
  • 19. Improvement Approach 360⁰ Talent Acquisition Team Stakeholders • Begin new relationship with agreeing on: • Process • Communication standards • Build confidence amongst 360⁰ Talent Acquisition Team • Know the job • Understand the industry and marketplace • Teach and promote objective assessment • Be prepared to justify candidate submissions • Be a partner to the hiring manager • Team with managers to make this a mutual process http://hoodatwork.com 19
  • 20. Improvement Approach 360⁰ Talent Acquisition Team Stakeholders • Partner with managers to encourage an open minded approach to hiring • Build confidence in recruiting expertise and industry knowledge • Establish open communication to ensure clear, objective feedback and timely response • Teach hiring managers to uncover useful data through effective interviewing • Create relationship where hiring manager feels like a top priority http://hoodatwork.com 20
  • 21. Improvement Approach Holistic Diagram Result of implementation is a true “360⁰ Talent Acquisition Team” Hiring Managers Client RPO HR Provider 360⁰ Talent Acquisition Team http://hoodatwork.com 21
  • 22. Implementation Plan Talent Acquisition Process • Process improvement strategy focus on stages 3-7 of recruiting and hiring cycle • Stakeholder deliverables detailed below in sequential order http://hoodatwork.com 22
  • 23. Implementation Plan Process Training / Program Evaluation Implementation plan consists of 4 components • Training • Immersion • Execution • Evaluation Train Hiring Managers New on Process Current mgrs train on new process Participate in Immersion with Talent Acquisition Group company value focus group Kick-off calls occur New Process Execution First time hiring mgrs Initial Search executed with detailed participate in web- Agreement reached On-going evaluation and tweaking of documentation of improvements and based process on process for each process to ensure maximum efficiency missed opportunities training requisition http://hoodatwork.com 23
  • 24. Implementation Plan 360⁰ Improvement Model Anticipated Result – Continuity of process will ensure constant focus on company values, strategy and hiring effectiveness within a collaborative, team-based network Training 360 ⁰ Evaluation Talent Immersion Acquisition Execution http://hoodatwork.com 24
  • 25. Action Plan and Cost Analysis Start End Estimated Item Description Duration Units Date Date Cost Conduct and assess hiring value proposition focus groups 3 Weeks 1/2/2009 1/20/2009 $27,500 Create web-based training seminars for all hiring authorities to complete prior to receiving approval to hire new headcount 3 Weeks 1/23/2009 2/3/2009 $19,120 Implement web-based process training for new and current hiring managers 1 Week 2/6/2009 2/10/2009 $15,000 Immersion will be primarily virtual - cost associated with RPO Provider creating and delivering immersion and best practice documents 1 Week 2/13/2009 Ongoing $18,000 Tracking and process assessment surveys - 1 for each initial search by any hiring manager. Subsequent assessments to be assigned at random 1 Week 2/20/2009 Ongoing $10,000 Total $89,620 http://hoodatwork.com 25
  • 26. Action Plan and Cost Analysis Costing Assumptions • Value proposition focus groups to be conducted by 3rd party Talent Consulting Agency (TCA) • Proven research and interview methodologies uncover unbiased and useful results • Cost based on industry research and internal data • Example – The Newman Group, Taleo, Kenexa • Web-Based Training Seminars • Created by TCA • Company focused and branded online webinar created to convey company standards, values, missions, beliefs and expectations related to talent acquisition • Cost defined as function of consultant time and creative fees http://hoodatwork.com 26
  • 27. Action Plan and Cost Analysis Costing Assumptions (cont’d) • Immersion activities include on-site introductory meetings between RPO Provider and internal stakeholders • Costs calculated as function of travel and creation of additional process documents and collateral • Performance Tracking • Quality management initiative designed to uncover breakdowns in process and overall satisfaction with RPO Provider • Costs based on 50 hiring managers completing 2 assessments in FY 2009 • Assessment fee: $50 per report http://hoodatwork.com 27
  • 28. Return on Investment Metric Pre- Current Stated Return on RPO RPO Goal Investment Time to Fill 75 Days 56 days 40 days $10,546 per hire Interview to Hire Ratio 17% 29% 40% $28,750 per 100 IV’s Submission to Hire Ratio 8% 13% 20% Performance Metric Cost per Hire $14,290 $8,260 $5,600 $8690 per hire ROI Assumptions: • Time to fill ROI computed by taking net revenue per employee (less average cost of employment from average daily revenue) and converting it under new process. Placement fee and interview cost subtracted yield ROI • Interview to Hire ROI calculated by multiplying average interview cost by difference in volume for every 100 interviews • Cost per hire ROI represents difference between Pre-RPO CPH and goal CPH multiplied by projected number of hires for FY2009 (placement fee) http://hoodatwork.com 28
  • 29. Return on Investment (cont’d) Anticipated ROI based on 100 Hires by RPO Provider Time to Fill Interview Agency vs. RPO Initial Return on ROI cost ROI Cost ROI Investment Investment $1,054,600 $28,750 $869,000 $89,260 $1,865,090 http://hoodatwork.com 29
  • 30. Works Cited / References 1 Wriston, Michael J. "Creating a High-Performance Culture." Organization Development Journal 25.1 (2007): 8-16. Business Source Complete. EBSCO. Web. 2 Nov. 2009. 2 University of Dallas – E-College, MANA6305, e-Lecture, Unit 6 3 Ryan, Ann Marie, and Nancy T. Tippins "ATTRACTING AND SELECTING: WHAT PSYCHOLOGICAL RESEARCH TELLS US." Human Resource Management 43.4 (2004): 305-318. Business Source Complete. EBSCO. Web. 2 Nov. 2009. 4 University of Dallas – E-College, MANA6305, e-Lecture, Unit 8 5 University of Dallas – E-College, MANA6305, e-Lecture, Unit 11 Note: Financial figures and performance metrics were researched and presented based on the performance, goals and costs associated with verified RPO services, and tested implementation schema. http://hoodatwork.com 30