The Not So Quiet Revolution of Consumer 2 Consumer Business

The digital mobile revolution has transformed consumer behaviours. Over the last decade there’s been a shift in how consumers are finding and purchasing products and services. Many start ups have capitalized on this trend and have created businesses centered around mobile apps and social media. Think of Airbnb, Taskrabbit, Uber, Taobao, etc. It’s these two items that have paved the way for the next generation in consumer to consumer (C2C) business. With features such as customer reviews, ratings and engagement; buyers now have a greater level of transparency than in typical business to consumer (B2C) models.

airbnb_hosting

The success of the new C2C model has challenged many static B2C industry models forcing them to modernize their service offerings or risk losing market share. Let’s take a look at two examples to gain more insight in how they’re revolutionizing the way we buy.

Uber

One of the most controversial examples of the new C2C model is Uber. Operating in over 58 countries Uber and has shaken the foundation of the traditional taxi B2C service model.

Uber is an on-demand car service that allows a consumer to request private drivers through their mobile app. The service utilizes dispatch software to send the nearest driver to the location[1]. By using the Uber software app drivers are connected to consumers through a service request. People can sign up to become an Uber driver using their own vehicles.

In my opinion there are four main things that Uber did to evolve the C2C model:670px-Use-Uber-Step-9-Version-2

  1. Rate your driver- The ability for passengers to rate their drivers and read reviews. Transparency about service from real reviewers provides a higher level of authenticity and trust.
  2. Pay for Performance- Drivers are empowered to get a 4 star rating or greater. This keeps service levels high and increases earning potential.
  3. Pay through your phone. Payments are made through the credit card linked to your Uber account, on your phone. No cash accepted.
  4. Contact Your Driver– Once the trip is booked on the app, the passenger will receive the cell phone number of the driver and can watch them approach on their mobile device.
  5. BYOC– Drivers can bring their own car to work! All they have to do is lease the mobile app. and be adequately insured.

Bitcoin

Bitcoin_Digital_Currency_LogoBitcoin is a digital payment system that enables peer to peer transactions without having to go through an intermediary financial institution. Bitcoins can be purchased through an electronic trading system using a smart phone. This video is a great short summary of how Bitcoin works. Since its launch in 2008, bitcoins have gained significant traction, with more than 45,000 transactions ($48.5 million dollars) handled through its network each day[2]. It’s introduced the concept of a decentralized virtual currency where value is determined by its users.

In my opinion Bitcoin that evolved the C2C model in four ways:

  1. Universal Currency- No need to convert to various currencies. Value is determined by its users- globally.
  2. Lower Merchant Fees- Fees for retailers are much lower than the 2-3% typically imposed by the credit card companies.
  3. Real Time Payment- Once the bitcoin transaction is complete the digital currency is transferred directly from the consumer to the vendor’s digital wallet. No middle financial companies required.
  4. Peer to Peer Money Transfers– Money can be wired directly to others through the digital wallet.

bitcoin_2bitcoin_1bitcoin_3

The new C2C model is not only convenient but lucrative. In 2014, C2C had a recorded $105 billion dollar market size compared to $71billion dollars for B2C e-commerce[3].  A testament that consumers have embraced it.

With this new model, the traditional work model is also changing. Services like Taskrabbit and Uber offer freelance opportunities where you can define your own hours and accept the jobs you want. Motivators for incentives and rewards are geared to work/lifestyle balance or earnings potential. Is this the laying the foundation for the way we define the way we work? As C2C continues to become more lucrative, companies may need to rethink work arrangements, incentives and rewards to remain competitive and retain its workforce.

What does C2C mean for your company?

Like what you see? Follow me on LinkedIn, Twitter @annzaliebarrett, or subscribe to my blog. I look forward to hearing from you.

Blog:  https://sailorann.wordpress.com

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[1] http://www.wikihow.com/Use-Uber

[2] http://www.hongkiat.com/blog/bitcoin-questions/

[3] http://article.sapub.org/10.5923.j.ijnc.20140402.01.html

Engagement- The Cornerstone of Onboarding: A Tale of Two Stories

Engagement is playing a bigger role in sourcing and retention. In the Deloitte 2015 HR Technology Report, John Bersin articulated the next era of HR technology has shifted from automation to engagement. Things like blogs, social communities, tweets, facebook posts, social crowdsourcing, etc. are all strategies that companies are undertaking to remain competitive and retain their human capital investment.

on_imageBut what about that window of time when a candidate is transitioning from their old job into the new one? The Onboarding window. It’s the optimal time to capitialize on the excitement and eagerness of new hires.

Some companies have already started focusing on engagement by shifting away from automated forms and mass structured orientation classes to using social channels, interactive video and/or “buddies” in orientation. This supports research which finds 80% of learning happens in an unstructured environment through conversations with co-workers[1].

Successful onboarding also has a bottom line impact. On average, the cost of finding a replacement for a junior level employee is about 20% of their salary. That percentage increases as the level of seniority increases[2]. Interestingly, new hire turnover within the first 45 days can amount to about 300% of the new hires annual salary[3]. This puts a lot of pressure on companies to get onboarding right.

OB_firstyear

Some companies are still focused on using technology for forms automation and provisioning instead of engagement. The importance of interaction with employees should not be underestimated whether you use technology or not. Consider the following two stories and its impact on retention.

Experience  # 1- High Engagement; Low Automation

Jill* was referred by an employee to a prestigious financial services company. After a number of interviews she was delighted to accept a senior position. Jill was excited to start her new job. Prior to her start date, she was called into the office to complete the new hire paperwork.  She was presented with her offer letter and a number of forms to sign and complete. The entire process took about 30 minutes. She would be notified via phone or email if there were any issues or questions.

Day 1

On her first day, Jill* arrived at the appropriated time and was greeted warmly by the receptionist. After a few minutes, onboarding_1John*; her new Manager, came out to greet her. He welcomed her and showed her to her desk. He told her he would be back in 30 minutes once she got settled in. There was an envelope on Jill’s desk with information to log into her computer, set up her voice mail and keys for her cabinets and office. John came back after 30 minutes and escorted her to his office. After a few minutes of banter he presented her with a word document that outlined her schedule for the first week. He provided an overview of the organizational structure, gave her a seating chart of the floor and talked through what needed to be completed on the first day.

After spending some time going through the schedule, John took Jill around the floor and introduced her to the team. He also introduced her to her “Buddy”, Mark*, who also reported to him. Mark would be her main point of contact for questions and specific work related items. As per the schedule, Jill spent sometime with Mark to get her up to speed and identified some other key contacts she would need to meet over the next week.

At lunch time, John came back and all three of them went for lunch. After lunch; Jill had some time allotted with the Coordinator to complete her benefits enrolment. After that, she completed some mandatory training courses. Around 3:30; Mark came by to visit Jill. He dropped off a few files for Jill to familiarize herself with. He also offered to answer any other questions she had. Jill was glad to have the personal interaction and said she would review the files to get a head start for the next day.

At 4:30 John came by to enquire about Jill’s first day. How was she feeling? How were things? Was the schedule he prepared helpful? Was Mark helpful as a Buddy? Jill was quite happy with the proceedings of the day and found having a buddy extremely helpful. John was glad. He talked about some of the projects she had been assigned to and some of the challenges they were trying to address. John told Jill to call it a day, and said he looked forward to seeing her again tomorrow.

happy_eeAs Jill commuted home she reflected on the day. She was quite impressed with how her the first day unfolded. She was glad John assigned her a Buddy and appreciated his thoughtfulness to make her feel comfortable. She was confident she made the right decision to join this company.

Jill stayed with the company for 5 years.

Tale # 2- High Automation; Low Engagement

Sally* was referral by an employee to a prestigious financial services company. After a number of interviews she was offered and accepted senior position. Sally was excited to start her new job. Prior to her start date, Sally was emailed her offer letter and instructions on how to complete the onboarding process.  The process consisted of completing a series of electronic forms, checklists and collecting banking information. Sally thought the process was quick and efficient. She enjoyed the ability to complete transactions online at her own convenience. She also had the option of emailing her new Manager if she had any questions. This experience renewed her excitement to start her new job.

Day 1

On her first day, Sally arrived at the appropriated time. She was greeted warmly by the receptionist who asked her to wait as her Manager, Amy*, had not arrived yet. Sally waited in the reception area for 30 minutes. When Amy arrived she greeted her warmly, apologized for being late and showed her to her desk. She told her she would be back in a while as she was late for a meeting . Sally took the opportunity to get settled in. The keys for her cabinets and information about her computer were on her desk.

Amy came back after an hour and started to introduce her to other people on the floor. She then returned Sally to her alone_workdesk and asked her to start reviewing some documents on the shared drive. Sally started reading the documents Amy requested. As there was no schedule, Sally did not know what time Amy would come by for lunch. Sally waited for Amy but soon realized lunch wasn’t part of the first day. She decided to go down to the food court by herself. At the elevator she ran into Amy who said she was going to grab a bite, did she want to come? Sally nodded and they went down together. Sally was just about to pay for her sandwich when Amy said she would pay for it. Unsure of what to do, Sally smiled and thanked Amy. They walked back to the office to their individual desks, where Sally ate her lunch alone.

Around 2:30pm Amy came by and asked Sally to meet with her to debrief about some of the projects she needed to become familiar with. After the meeting Sally went back to her desk and started completing information for her benefits and mandatory training.

At about 4:30 Sally got an email from Amy saying she had to leave early and hoped her first day went well. She said she was happy to have her on board and would see her tomorrow. Sally realized she would not have an opportunity to debrief with Amy about her first day. Unsure of when she should leave, Sally decided to pack up and call it a day.

Womancontemplating_istockimage_0As Sally commuted home, she reflected upon the day. Her first day had not been what she expected. In fact it was quite disappointing. She barely spent anytime with Amy and was left alone most of the day. She felt isolated. Her colleagues seemed so busy she felt awkward interrupting them. She also couldn’t believe the lunch mishap. She contemplated whether this was normal behaviour at the company? Was this going to be a good fit after all? Had she made the right decision? It left her with an uneasy feeling. Hopefully tomorrow would be better.

Sally left the company just before her first year anniversary.

The two experiences above are true stories that have been shared with me. Even through Jill and Sally had vastly different experiences, both stories illustrated how important engagement was in cementing the employee experience and retention. I asked Sally if she would have traded a manual process to completing onboarding forms if it meant she could spend more “engagement” time with her Manager and/or co-workers. Without hesitation she said YES.onboarding_mobile

Now picture Millennials entering the workforce. Connected, collaborative, social, mobile, comfortable on multiple device types and demand 24×7 accessibility. Conventional strategies will do little to keep this generation stimulated and engaged. Companies need to capitalize on using blogs, communities and gamification to appeal to this generation. Building rapport can also be multi-dimensional. Tools like Skype/FaceTime can be alternate ways to chat with colleagues or management. Communities to crowdsource or connect with others are familiar ways for Millennials to engage. A Buddy (in person or virtual) is still a wonderful way to help new hires acclimate to the company.

So rethink about your approach to Onboarding. Engagement is the foundation to employee retention!

________________________________________________________________________________________________

* Names have been changed

[1] http://www.socialtext.com/blog/2013/05/goodbye-boring-orientation-hello-social-onboarding/

[2] Ibid

[3] https://www.linkedin.com/pulse/20141014104815-21377985-driving-people-excellence-through-social-onboarding

Course TSPK101- Expanding Your Technology Vocabulary For Business Use

In my opinion, there are three things that have become the norm of modern day societal interaction:

  1. Mobile Devices
  2. The Cloud
  3. Social Networking

I’ve affectionately labelled them the Technology Trio. Most of us could not go an hour without interacting with one, if not all of these items. This Technology Trio is fast becoming the driver of business strategy development; encompassing sales, marketing, product offerings and the employee value proposition.

Technology_Trio

That’s right I said employee value proposition.

Employees are increasingly demanding the use of mobile, cloud and social collaboration at work. Things like importing their talent profile from LinkedIn, requesting and approving vacation on their smart phone or using SharePoint to crowd source ideas from multiple internal and external stakeholders to complete a project.

Discussions about the Technology Trio have also become common place in executive strategic planning discussions. functions including . Departments such as Sales, Finance, HR, Marketing, Legal, Procurement, Operations, Compliance, etc., are now expected to have some general knowledge of the Trio to develop solutions to support businesses strategies.

Cloud-Ops-Model-lg

These could include providing answers/recommendations on whether to use a new SaaS solution to manage sales. What’s the contract/ cost implications if we move to an integrated best in suite solution or continue with a series of best in breed solutions? If  we enable API plugin’s how do we mitigate privacy concerns? If we use social networking sites like Facebook and Twitter to engage customers as part of our sales strategy are they any compliance risks? What guidelines need to be added to our code of conduct around acceptable usage of social media at work? How should we address anonymous employment reviews  on social media sites about our company? How do we leverage big data to gain insights into projected sales revenue or succession planning for baby boomer retirements? What’s our social recruitment strategy? And on and on….

iStock_000012479982Small

For many, this is new and overwhelming territory. Symptoms may include eyes being glazed over, increased heart rate, bouts of perspiration or having to leave the meeting early due to a sudden appointment!

Relax. Take a deep breath.

For all of you who would like a crash course on the essential technology terms* you need to know for your next meeting; this blog post is for you!

 -Technology Terminology Cheat Sheet-

Term*

Definition

Example

Android Is a mobile operating system (OS) developed by Google. Android is designed primarily for touch screen mobile devices such as smartphones and tablets. It uses touch inputs like swiping, tapping, pinching, etc. to manipulate on-screen objects. It also offers a virtual keyboard.
  • JellyBean
  • NexusGalaxy
  • HTC Mobile
API PlugIn An application programming interface (API) specifies software component inputs and outputs.  Its main purpose is to define a set of functionalities which allow integration (plug in) of new features into existing applications or to share data between otherwise distinct applications.
  • Apply for a job on a recruitment system using your LinkedIn profile
  • Login to TripAdvisor using your Facebook profile
Best of Breed (BoB) Applications that offer specialized functions in specific areas that ERP’s suites usually do not feature. (E.g. Time and attendance, compensation, talent management, financial planning, etc.) Most BoB  solutions are now SaaS and Cloud based.
  • Kronos
  • Salesforce.com
  • HireVue
  • Jobvite
  • JobsDB
Best in Suite (BiS) Applications that provide a broad set of functional capabilities as part of an integrated suite. These components can be sold as standalone modules or bundled. They sit on a unified platform which makes integration easy.
  • SAP
  • Oracle
  • IBM
  • Blue Link
Big Data Is an all-encompassing term for the collection of data sets so large and complex that it becomes difficult to process using on-hand data management tools or traditional data processing applications. Big data solutions:

  • Zaponet
  • SAP Big Data
  • Oracle Big Data
Cloud Computing Is the delivery of computing as a service rather than a product. Shared resources, software, and information are provided to computers and other devices remotely as a utility (like an electricity grid) over a network such as the Internet. Cloud computing allows users to access their information anywhere, anytime and on any device type.
  • Google Drive
  • Yahoo email
  • Facebook
  • WordPress

 

http://www.dreamstime.com/-image24614112

Term* Definition Example
Integrated Platform A unified technology solution that offers software that delivers services across multiple subject areas such as learning, recruitment, compensation, talent management, etc. Unlike BiS, there are no modules to sell individually.
  • Workday
Middleware Computer software that connects software applications to other software applications. Think of it as “software glue”. Middleware is used behind the scenes to execute transactions, facilitate data flow or build integration.
  • Custom API’s
  • Web Servers
  • Automated backup system
Mobile Refers to a variety of smart, portable devices that can access the internet and facilitate the usage of apps.
  • Blackberry
  • iPad
  • Smart Phones
Mobile App A computer program designed to run on smartphones, tablet computers and other mobile devices. Apps (applications) are available through application distributors such as the Apple App Store, Google Play and BlackBerry App World.
  • Good
  • Mobile Bank Payments
  • Instagram
SaaS Software as a Service (SaaS) is a cloud model that delivers on-demand applications that are hosted and managed by the service provider and paid for on a subscription basis (fee/ license).
  • Microsoft Office 365
  • Workday
  • Salesforce.com
  • SuccessFactors
SEO Search Engine Optimization (SEO) is the process of influencing the visibility of a website or a web page in a search engine’s “natural” or un-paid (“organic”)search results. The goal is to have content indexed so it ranks closer to the top (higher) on the page when search results are returned. The higher results are ranked, the higher the probability  visitors will see content and click on it. Content can be in the form of text or digital media such as videos, audio files or images.
  • Your content shows up in the top 10 search results on search engines such as Google, Yahoo, Baidu, Naver, Khoj, Achei, etc.

 

social_recruiting

Term* Definition Example
Smart Phone A mobile phone with more advanced computing capability and connectivity than basic feature phones. Smartphones include a touchscreen computer, web browser, Wi-Fi connectivity, 3rd-party apps, etc.
  • Blackberry
  • iPhone
  • Samsung Galaxy
  • HTC
Social Collaboration A processes that helps multiple people interact and share information over the internet to achieve a common goal.
  • LinkedIn
  • TripAdvisor
  • Google Hangout
  • SharePoint
Social Recruiting The use of social media and mobile tools to facilitate sourcing, marketing and recruitment. Many SaaS solutions offer social recruitment tools as part of their suite of products.
  • LinkedIn
  • Google Adwords
  • Jobs2Web
Technology Ecosystem The suite of systems in an organization that make up their comprehensive systems portfolio.
  • Your organizations systems

This list is by no means exhaustive. It should however, give you a good starting point to become a knowledgeable contributor in conversations.

I hope you find this blog post useful. Stay tuned for my next blog post which will delve into social recruiting vocabulary.

I would love to hear from you. Please drop me a line via  pca_icon_linkedin_111w_116h LinkedIn or twitter@annzaliebarrett

Ann_Nov_2012

By Ann Barrett- Director, Integrated Solutions

*Source of terms have been taken from wikipedia.com and modified for relevance.

Job Aggregators – Fad or Future?

A few months ago I did a presentation to a group of global recruitment professionals on social recruiting tools and sourcing channels. The group comprised of HR leaders and many “seasoned’ Recruiters; some of which had been in the industry for more than 15 years. As I started showing the breakdown of hire yield by sourcing channel, a single hand went up and delicately asked “What’s a job aggregator?” As the question was asked I could see heads bobbing in unison relieved that someone had the courage to ask the question. I have to admit, that with all the traction job aggregators have made over the last 5 years I was surprised that it was still such a mystery to Recruiters. So before I go any further I thought I would do a quick recap of what a job aggregator is.

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In its simplest form job aggregators are true “job search engines” that collect job postings from other sites across the web (including employer career sites and paid job boards) and store them in a very large database where they are searchable by job seekers. It’s appealing because jobs can be found in one place rather than spending time trying to find every possible place a job would be posted.[1]

Over the last decade job aggregators have evolved from just a central job repository to a sophisticated multi-dimensional digital advertising platform. It’s taken the traditional post and prey model and turned it upside down. So much so that sites like Indeed.com boast job seeker traffic to the tune of 140M+ global visitors each month[2]. In my opinion job aggregators are changing the sourcing game by:

  •  Aggregating job postings at no cost to the employer or job seeker. In other words it’s FREE. Employers don’t have to pay to post their jobs and candidates don’t have to pay to access job postings unlike the pay to post model of Imagetraditional job boards around the world.
  •   Being search engine optimized. If start your search on Google, Bing, Yahoo, etc. Job results returned are indexed to the aggregator first, often ahead of the employer site and job board sites. Their high search engine ranking means traffic is directed back to the aggregator site even if the job is advertised on a paid job board!
  • Introducing a Pay per Click (PPC) model for jobs. This brilliant idea piggy backs on internet advertising. Basically it provides employers the ability to sponsor jobs so they can rank higher in search results and be presented to candidates ahead of other jobs that appear for free. Costs are only incurred when a job seeker clicks on the link. Meaning you only pay for results.
  • Enabling employers to set their own budget. Employers are no longer required to pay huge lump sum, upfront, costs for postings. Instead they can set a monthly or one time budget and choose to use it as it suits them.
  • Being mobile optimized. As mobile has evolved, so have the aggregators. Their minimalist approach enables an easy and seamless user experience. Indeed.com has confirmed that about 49 % of global traffic to their site (69M+ monthly visitors) comes from mobile devices[3].

This approach has developed into a model that is fast becoming an industry standard. Employers are paying more attention as aggregators have slowly amassed hire yield away from traditional job boards and staffing agencies. I personally saw this shift in my own organization. The chart below is a simple metric I used (and communicated to the HR Team) to gain insight into our sourcing channel trends. It revealed the decline of job boards and agencies and the rise of social media and job aggregators. I wasn’t alone in seeing this trend. Many large, global employers I spoke to have also seen this trend and like me,  started taking their budgets reserved for job boards and investing them in job aggregator and search engine campaigns. Leveraging the pay per click model. It’s a clear and tangible indicator that job aggregators have disrupted the industry standard for job postings.

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It’s this kind of employer insight that has forced job board vendors to rethink how they offer their products and services to remain competitive. The impact is material. In October Canadian job board giant Workopolis launched Social Job Share (SJS), a job distribution product that shares jobs on their website to social media sites such as LinkedIn, Twitter, Facebook, etc. In May 2014, Monster Worldwide announced its move to a job aggregator, pay for performance model.

spj_facebookJob Aggregators haven’t only challenged job board vendors. Their disruption has also extended to social networking platforms. Facebook launched its Social Job Partnership (SJP) job posting site in 2012. They chose to aggregate job postings instead of asking employers to pay to post. Even LinkedIn has not been immune to its influence. In June 2014, they announced they would be aggregating job postings to their active job seeker population in the US. A strategy shift from its paid job slot offering.

Despite the higher yield of candidate hires and lower ROI, many employers struggle to completely relinquish their use of job boards to aggregators siteing low brand awareness. Recruitment functions complain Manager’s seem to have little or no awareness of brands like Indeed or Simply Hired compared to well known brands like Monster, Naukri, CareerBuilder, Workopolis, etc. The success of aggregators should be a signal to recruitment functions that it’s more important to invest where the candidates are. Manager awareness should not be the driver of a sourcing strategy. Recruiters should be using metrics such as source of hire to educate Managers and build awareness. It certainly doesn’t hurt aggregators to invest in building brand awareness either.

There’s no doubt job aggregators have become a game changer. Their simple, yet effective model has transformed the concept of paid job postings. This forward thinking approach will continue to chart the way we think of sourcing and applicants.

ROIYou may wonder; if aggregators are posting jobs for free, why should employers invest? I love this question because I answer it the way any savvy business person would. If free is yielding a good ROI, imagine what would happen with a real investment?

I’d love to hear your stories/experiences about how job aggregators have impacted your sourcing strategy. Contact me @annzaliebarrett or through LinkedIn.

 

[1] http://www.job-hunt.org/findingjobs/findingjobs_job_aggregators.shtml

[2] Indeed Interactive Conference – 2014

[3] Indeed Interactive Conference- June 2014

Is Technology an Enabler or a Driver?

When I first started in the field of eRecruitment the use of technology to automate forms and processes was still formsrelatively new. If you’re thinking that was back in the 80’s or 90’s you would still be in the wrong decade. As late as the early 2000’s many companies were only using technology to enable job applications, on-line form completion and on-line pay statement reviews. Technology was regarded as an enabler to complete and facilitate processes, drive efficiency and reduce costs and administration. Organizations drove articulating specifications on how technology could enable process automation.

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It’s September 2013. As I write this blog post I am in Tokyo, Japan; one of the most technologically connected and forward thinking countries

in the world. My older iPad feels like a clunky machine compared to the smaller, thinner more sophisticated  smart phones, tablets and cameras they are using. Everything here is done by technology, from animation to toilets. As I look at people on the train engrossed in their smart phones playing games, texting social networking, taking pictures, etc. it occurs to me technology has evolved to become a driver changing the way people interact and use it. You may say isn’t technology still acting as an enabler, allowing us to execute processes such as texting and gaming? My rebuttal would be, technology has become a  driver because we are adapting to it.

My example is a simple, yet powerful one that shows how technology influenced us to adapt to it.  It’s called apps. When Apple imagesCAGEOSCElaunched the iPhone back in 2007, the concept of using third-party applications (apps) to present subsequent social networking programs and shop (iTunes) was a new and innovative concept. I would categorize it as a driver because most consumers didn’t even know they wanted it until it became available. Once people started using it, adapting to the new presentation and functionality, the demand was almost insatiable. Every company wanted to develop their own app to reach consumers to drive business. Today every mobile vendor offers apps as a standard operating feature of their phones and/or tablets. Consumers have been driven to use apps which has actually changed the way we interact with technology.

blackberry-crash-600x450

Technology is driving change. Organizations need to re-think about how they can realize its value in the marketplace. Resistance to its adoption has clear downstream bottom line impacts. Take consumers opinion on the recent bid to acquire Blackberry by Fairfax Financial. Public opinion revealed many perceived Blackberry was too slow to adopt new features onto their mobile platform which other companies such as Samsung capitalized on. The result was decreased consumer consumption and market share.

How does this impact recruitment?

Organizations also need to recognize the significance technology is playing in the attraction and retention of talent.

Managers_need_to_be_like_students_embrace_technology-426x283

For example, we know that the usage of mobile devices will continue to grow as the primary way people access the internet and information. We  can infer the absence of a mobile strategy will exclude larger percentages of the population interacting with your brand. As social networking tools become a more dominant way to learn about employers, interact with them and read reviews on what others say about them, recruitment and talent functions will need to embrace these tools as a relevant and meaningful ways to engage and communicate.

If your organization isn’t doing it, your competitor will.

The Evolution of Human Capital Metrics

Last week I was privileged enough to moderate a roundtable of HR professionals at the first Indeed.com international conference. Our topic of conversation centered on big data, HR Metrics and ROI. The participants represented a variety of industries including insurance, banking, retail, IT and professional services.

indeed full logoThe group talked about how talent strategy and recruitment has been shifting over the last couple of years due to technology innovation, mobile, social media and Millenials entering the workforce. With so much activity happening electronically the amount of data available to be captured, deciphered and analyzed can be astounding, not to mention overwhelming. Some of the participants said they had a hard time figuring out where to start. As the roundtable continued we also talked about the shift from relying on RMS data to using data warehouses and/or HRMS’ which integrate data from a variety of different sources. The focus on using big data to help articulate ROI in the form of human capital metrics was still an area all our companies continue to work through. As I reflect on our conversations I realized that human capital metrics also needs to evolve to include new skills such as engagement and collaboration to reflect the modern workforce.

Let’s start with collaboration. Not a new skill, but usually used to assess project management and ITbanner-about related roles. Newer generations such as Millennials rely on collaboration and crowd sourcing techniques to complete work and build relationships. As reliance on virtual interaction and engagement play a greater role in attraction and retention, collaboration is fast becoming an essential skill for all jobs across organizations, especially leadership and management roles. Let’s look at two human capital metrics that can evolve to give credit to this skill.

  • Quality of hire– measures the calibre of external new talent determined by early performance indicators with the organization.  Collaboration is gaining more industry acceptance as criteria for performance. In a recent blog post the CEB updated their definition of quality of hire to incorporate collaboration. The new definition now reads; a new hire’s current and likely future effectiveness at completing his or her individual tasks, and contributing to others’ performance and using others’ contributions to improve his or her own performance[1]. The updated definition pays homage to collaboration as an important contributor to both measuring-employee-performaindividual and organizational performance.
  • Ready Now Candidates– Measures the number of potential successors that can be developed for managerial and leadership positions[2].  With an almost even distribution of Baby Boomers, Gen X’ers and Millennials in the workforce, engagement and collaboration are two important skills that people managers need to bring to the table in the modern workplace. Organizations should build in measures to gage how effective Managers are at collaborating below, across and above their positions. This can be done as part of an employee, manager and peer review. Managers with higher rating on collaboration can not only manoeuver within the organization, but may have a higher effectiveness in leading and managing teams.

 Engagement is a current measure in the human capital vernacular. Most organizations typically send out their engagement survey once a year to gauge how connected employees are. The outcome should be to develop an action plan to address areas where engagement is low. Through blogs, social networking channels and crowd sourcing websites (e.g. Indeed, LinkedIn groups, Glassdoor, etc.) digital dialogue, or what I call engagement; is also becoming a more relevant indicator of employee retention, performance and the employee value proposition.  

 Consider that from a talent sourcing perspective, more candidates want to have a relationship with a potential employer before they make a decision on whether that employer is a good fit for them. I equate it to dating; you have to go on a few dates before you know if you’re ready to make a commitment. Let’s take a look at how two human capital metrics can evolve to include social engagement.

  • Employee Engagement Index– Measures employees’ engagement in their work. Turnover may occur if employees feel disconnected between the organization’s employment offer and their own needs. Employees on-going interactions and communications will continue to shape their opinion of the organization influencing retention and commitment[3].  Organizations are challenged to find new and different ways to continuously engage with their employees to learn about, assess and identify areas for improvement. Social platform and collaboration tools for feedback and ideas with interaction can have a positive influence on the employee’s perception of the organization, impacting both commitment and retention. Organizations that only rely on annual surveys and/or do not engage in dialogue with employees risk employees, engagement_surveyusing other public avenues to share information and voice opinions about the company.
  • Employee Net Promoter Score– Measures the difference between the number of employees who are “promoters” (recommend organization as an employer) and number of employees who are “detractors” (would not recommend the organization as an employer)[4].   Through crowdsourcing and social networking there is a broader forum for both detractors and promoters to make their opinions viral. Through outlets like Glassdoor and ratemyemployer.com, anonymous reviews can provide rich insight into an organizations work culture to potential job seekers. Organizations should be using technology to regularly engage employees earlier in the employee life cycle to pulse check their perceptions.

Talent sourcing has typically been the topic of attention on how social media and technology are workforce planninginfluencing recruitment approaches. It has higher visibility because it’s a front line operational function that can measure results. Talent management also needs to embrace changes and recognize that newer generations bring different skills to the table. Using static measures that don’t incorporate or recognize these new skills can impact performance management, succession planning and retention. Employees will continue to assess their employment offer promise and evaluate how closely it aligns with reality.

By taking collaboration and engagement into consideration, how would it impact the way you view your talent pools?

By Ann Barrett, Director eRecruitment & Social Media Strategy


[1] CEB Corporate Leadership Council, “The Metrics Standard” (2013):

[2] Ibid

[3] Ibid

[4] ibid

Why Social Recruiting Is Inevitable

I was inspired by the recent blog post by Bilal Jaffery who landed a social media job via Twitter. His story is a great example of how some Gen X and Gen Y’s are approaching job sourcing. It centres around engagement and conversations on social networking platforms.

twitter_helpwanted

The relationship component plays a bigger role in helping candidates determine if a company is the right fit for them. At the same time it also gives organizations the chance to interact with potential candidates to build a qualified talent pool.

His story also validates the shift happening within recruitment. Candidate behaviours are driving employers to adopt social recruiting practices to solicit passive talent. Companies who have been social media shy are at risk of being bypassed as a destination for top talent. Candidates are judging the employer as much as the employer is judging the candidate. Bilal’s blog post highlighted a few things that employers need to do to remain competitive:

imagesCAGEOSCE

  • Social media is mandatory– The fact of the matter is, if you’re not on a social media channel, at a minimum to build brand awareness, chances are you may be screened out as a potential employer. Much like dating, candidates want to build a relationship with their potential employer before they make a commitment. Your social media presence provides some insight into what your brand means to consumers and how you engage with them. The focus is on engagement and responsiveness.
  • Employees are your best brand ambassadors– There are hundreds of blog posts that attest to this. Tweet_bloombergIn the case of Enterasys it was the CMO’s tweet about a job opportunity that enticed Bilal to reply. Social media has empowered managers and other employees to actively participate in the recruitment process like never before.  Many managers have embraced social media as a way to partner with recruitment, actively share jobs to networks and identify possible candidates to contact. At the executive level, interaction via social media is a reflection of an organization’s willingness to working in a modern, forward thinking way.
  • LinkedIn will become the universal social job profile– LinkedIn has established itself as the professional social networking channel. This is the place where you can really create your own professional brand, market your experiences, projects, languages and LI_resumeportfolio of accomplishments. Consider that 100 new profiles are created every minute on LinkedIn*. According to mashable.com;  student use of LinkedIn increased 700% in 2012 as students and new grads individually and through their schools used the tool as a primary way to learn about new jobs and engage with potential employers. As a result profiles are being used as virtual resumes. As social media log on’s to third party applications continue to proliferate the virtual landscape, applicant tracking systems have also embraced LinkedIn integration’s providing candidates an option to use their profile as the basis of their job application. For those companies still requiring a resume, LinkedIn users can quickly download a copy of their LinkedIn profile in a resume format.

So what’s the message here? Candidates are learning about opportunities through a variety of social media channels. If you want to be a viable contender in the market, step up your social media efforts. That doesn’t mean putting all your eggs in the Twitter nest. It means diversifying your social media approach and really focus on engagement.

By Ann Barrett – Director eRecruitment & Social Media Strategy

http://www.linkedin.com/company/linkedin-consultant

The Mobile Revolution Continues: How Social Media Revitalized the Food Truck Business

social_food_truckMany articles and blogs have focused on how social media has helped corporations grow their business. There are so many great tips and success stories on how social media has impacted HR, marketing and digital media functions. Social media has also revolutionized many industries, providing a platform for creative entrepreneurs to develop, market and launch their products. One such example is the food truck. Now for many of you who are over, let’s say 30; you may have memories of food trucks as sterile mobile canteens that served basic drinks (tea, coffee, and soda), hot dogs and cold pastries. The 21st century has seen the rise of the social food truck. Many creative chefs have chosen to fuse the restaurant and street food food_truckexperience on wheels. The food truck offers a mobile option to inexpensively introduce great food to the masses. It is the purist reflection of what social media embodies. Meeting the masses where they are.

Through social media the food truck industry has literally been re-vitalized, creating a niche market for cooks and chefs alike. Their popularity has transcended the social realm into syndicated television shows such as Eat Street and Anthony Bourdain’s series Parts Unknown.

So how did social media rejuvenate the food truck industry?

Building The Brand

The first step with any good product launch is building a brand presence. Food trucks are no longer sterile, silver vans that lack personality or ffood_truck_pics_phonelare. On the contrary, they are works of art, reflecting the theme of the food, the character of the chef with playful, catchy names like Roaming Dragon, to build brand recognition.

Once the brand is established, the food trucks use a social media ecosystem to promote their products. Within the ecosystem you will find, at a minimum, Facebook, Twitter, Instagram and Google. Let’s not forget the delivery channel. Like the vehicle, it’s mobile.

Proprietors want people to know what kind of food they’re serving, recognize the truck and of course, communicate where they’ll be so you can buy the food. Applications like Instagram (100M users), Pinterest* (47M users) and Vine (via Twitter) provide the perfect channels to do all that. The beauty of these apps is customer can also participate in the experience by adding their own pictures and comments. They are then instantly shared their with friends through other social platforms in the ecosystem. Best part? No cost.

Engagement

Entrepreneurs rely on building their customer base by getting the “word” out there. With 1.1B people on Facebook, 500M on Twitter and 343Mfood_truck_phoneon Google* they represent the biggest, free, social distribution channels in the world. Every day menus and locations are posted and tweeted to a growing customer base. While content is pushed out, customers also engage in the conversation by posting comments, taking pictures of food, by asking questions and telling owners which locations they should include in their route. Tweeting or posting endorses the vendors and their products.  As we know, recommendations carry considerable clout. People are much more likely to try a new product or service if it’s recommended by someone they know. That translates into tangible sales.

Marketing Your Location

One of my favourite things about food trucks is their use of integrated GPS apps. Food trucks don’t necessarily go to the same spot every day. They diversify their routes to expand their customer base. Customers who want to experience new food trucks can download apps that track the ones closest to them.  All done in real time, on mobile.

food_truck_appMy blog post wouldn’t be complete without weaving in how this ties into social recruiting. With such an integrated social ecosystem, proprietors can easily advertise job openings to their fan base. 

The rise of the food truck through social media is an interesting and creative story. It’s another demonstration of how social media is creating new markets.

Kudos to all of those creative food proprietors who operate food trucks and offer good quality, flavourful food, at reasonable prices.

 
Support local businesses by finding the food trucks near you.

US:                 www.foodtruckfiesta.com

Canada:         http://streetfoodapp.com/

Toronto:       http://torontofoodtrucks.ca/

* Data courtesy of Digital Marketing Ramblings

By Ann Barrett, Director eRecruitment & Social Media Strategy

Why Every Manager Should Promote Thier Jobs Through Social Networking Platforms

Recruiting and sourcing has significantly changed over the last decade. With the invention and adoption of social networking tools such as LinkedIn, Facebook, Twitter, Pintrest, Instagram, Google+, (the list goes on), more and more people are choosing to participate in these forums to share ideas, network and inevitably learn about potential career opportunities. The recruiting process has also shifted from traditional recruitment of relying on job boards, resume databases and company websites to proactively using platforms such as the Internet, LinkedIn, Facebook and Twitter to market, engage and recruit.

So, why are social platforms so powerful compared to job boards? The answer is simple: the power of reach via a network. In the old days this used to be referred to as “word of mouth”. To understand the reach social networking has in broadcasting information, consider the status (in the millions):

social media members 2008_2012

* Data courtesy of: New Media Lab (2008) and Digital Marketing Ramblings (2-12)

In just five (5) short years the social media front has expanded moving into blogs and visual social sites such as Pintrest and Instagram. It’s a clear demonstration of the changing way people are using the internet. And let’s not forget, all of these applications are available on mobile; allowing interactions to transpire on the go. Mobile has increased accessibility to the internet.  According to eBiz MBA; the top three social sites that are accessed through mobile phones are:

social Mobile

With this type of reach and visibility it’s hard to ignore the marketing aspect social networking sites play in sharing and distributing information. Managers have a key role to play in the social recruiting process. By using social media sites such as LinkedIn you can leverage your network to broadcast and share information. Think about the next role you have to fill. What’s the probability that someone in your network may know someone who may be interested in the job? Once button and it’s shared to their network. Since it’s shared by a member of the network the probability someone in your network will respond and share information is much higher than a random email from someone you don’t know.

Ann_Nov_2012

by Ann Barrett, Director eRecruitment & Social Media Strategies