Showing posts with label research. Show all posts
Showing posts with label research. Show all posts

Monday, September 9, 2013

Decoding the 2013 Jobvite Social Recruiting Survery

Jobvite has just released its sixth annual Social Recruiting Survey, polling 1600 recruiters and HR professionals on their social media efforts.

The results continue a trend that I've been following for years: Social is a major part of any organization's hiring efforts. In 2008, 78% of recruiters were using social media. In 2011, it was 89%. This year, it's 94%. Even more telling, 73% of respondents planned to increase their social recruiting spend in 2013 - compared to the 39% who planned to increase their spend on job boards.

LinkedIn was the most popular social network in many categories, from searching for candidates (96% of companies), contacting candidates (94%), and posting jobs (91%). Only about half of respondents posted jobs on Facebook, and a little less than that posted jobs on Twitter.
Just what you'd expect, right? But there's more to these numbers than meets the eye.

Jobvite 2013 Social Recruiting Survey, page 12
First, the cracks in job boards' dominance, already mentioned above, become more apparent deeper in the survey. Respondents said that 42% of their applicants are sourced through job boards...but only 14% of hires come that way.Compare that to applications through referrals and company career sites, which make up 39% of submissions, but 61% of hires. This is a much better ratio, especially since 43% of these employees stay for at least three years, while only 14% of job-board hires do. It looks like job boards are generating lots of applicants who don't get hired - or don't stay if they do.

Another interesting discovery is that recruiters use LinkedIn differently from other social networks. LinkedIn was good for assessing a candidate's professional experience and "specific hard skills." But Facebook, Twitter, Google Plus, and others were better at determining a candidate's cultural fit. Which is more important? How would Southwest Airlines respond, whose co-founder Herb Kelleher coined the phrase, "Hire for attitude, train for skill"?

What I found most revealing were the questions that related to the financial value of social recruiting. 43% of companies spend less than $12,000 a year on social recruiting. But 65% believe that its value is greater than $20,000 a year. And 20% place its value at more than $90,000 a year!

Jobvite 2013 Social Recruiting Survey, page 10

I understand the budgetary restraints placed on HR departments, but these numbers show that even a small investment can generate tremendous savings, especially combined with higher quality of candidates (according to 49% of recruiters) and less time to hire (33%) that social recruiting produces.

Are you one of the 6% of companies not yet using social in your talent acquisition strategy? Or one of the 73% that plans to increase their social recruiting budget? Brandemix can help. Download our free Social Media Strategy Guide for Talent Acquisition. If you're ready for the next step, you can contact me directly. 

Monday, February 6, 2012

What Is Brand Research? (And Why Should I Do It?)

So you’ve read my post “Four Signs You’re Ready to Rebrand” and answered “yes” to one or more of the questions. Time to design a new logo, right?

Wrong. The first step in the process, and the most important, is conducting brand research.  

What Is Brand Research (And Why Should You Do It?)
Before you can embark on the exciting and sometimes painful process of re-branding, you need to go beyond theory and acquire actionable knowledge- game-changing insights that can steal market share and drive sustainable business results. That requires brand research. 

It's safe to assume that in your personal or professional life, you don't make important decisions without doing  due diligence, so why should your brand deserve anything less?

Don't drink your own Kool-Aid. Don't rely on a one-rat lab study. Put together a solid plan incorporating some of these tried and true techniques:

1. Qualitative Research (aka "Qual")
Bring in a small sampling of the “right” types of people and do a focus group, or in-depth interview, online or as a telephone campaign. The questions are open-ended and the answers are subjective. A trained moderator (like me) will probe for deeper perceptions, opinions, and feelings about your topic. Emotional drivers, not rational ones, are what we're zeroing in on since branding is all about creating emotional connections. We recommend 360 branding that involves both external (consumer) and internal (employee) elements, so you’ll want groups of consumers, vendors, employees, and senior leadership in the mix.

2. Quantitative Research (aka "Quant")
This is most effective when used to validate the findings of your qualitative study. It’s much more objective because well-crafted questions deliver unbiased answers. You can conduct some quantitative research surveys through online tools like SurveyMonkey or Zoomerang. But the trick is getting the right analysis from the data. Make sure that you get a good sample pool by surveying across geography, age, incomes, and skill sets (for employee research).

3. Ideation Workshops
These are useful in creating corporate mission and purpose statements, launching new products or product extensions, or simply taking research findings to the next stage of development. It provides a structured forum for collective brainstorming (where there are no bad ideas!) and can be augmented with trend-panels and outside thought-leaders. Invite 10-20 of your closest multidisciplinary stakeholders for an off-site retreat and let the brand games begin. 

Don't Try This Yourself
I recommend bringing in an outside party to conduct any type of research. For qualitative, it helps to have an outsider who isn’t afraid of the truth, and who can turn negative discussions into positive opportunities without feeling personally attacked. For quantitative, it helps reassure both internal and external participants that the results are anonymous. Conducting the research off-site also helps persuade subjects to be completely honest instead of just reciting the party line.

Evaluating It All
Since it's more art than science, analysis is where real branding experts really shine. (There are three sides to every story.) Agencies like Brandemix use the latest tools and technology to analyze the data to create unique messaging and marketing plans that resonate with fragmented groups. It takes experience, insight, and creativity to turn research into tangible business results.

Goals
The first goal is to simply get to truth. How do people really feel about your brand?

The next goal is align the findings with your company’s mission, vision, and values. If it’s an employer brand, you want to align it with your consumer brand.

The third goal is to find your niche, your “white space,” where you can deliver something that no one else can. Again, this applies to both internal and external branding.

Another goal is to look at your “As-Is,” your current situation, and to find what opportunities are available to you. Also, what can you learn from your “wannabe’s”? If you “wannabe” like Starbucks, in what ways can you emulate their successes?

In Conclusion
Brand research professionals have more tools available now than ever before. There is no best way to craft the perfect research plan. It's through careful consideration of objectives, timeline, and budget that a sensible plan emerges. The answers can be painful, and every answer can lead to two more questions, but every question can lead to new opportunities to capture market share in ways never before considered. 

That's why we do it! Let us do it for you.

Wednesday, March 10, 2010

“Half” Joke Reveals Real HR Truth

Yesterday I met with the VP of Human Resources at a Fortune 500 company. I asked him how many people he had working for him and he said “About half.”
[sound]

Though he said it in jest, it’s no secret that workplace morale- intrinsically tied to workplace productivity, is down. In January a Conference Board survey found that only 45% of those polled were satisfied with their jobs. Last month, Addecco Group North America released results of a survey to see if American workers were still “in love” with their jobs, and only 39% said that the economic situation caused them to appreciate their jobs more.

With the economy stabilizing and in many cases improving, popular thinking is that employees will be jumping ship, and the “war for talent” will be back as a hot topic.

But what about the Loyalists. Or the Lazyists? The ones that aren’t looking for a new job or leaving any time soon. Maybe they’ve downshifted their efforts to match demand. Maybe they’ve gotten used to marching to a slower tempo. Will they wake up one Monday and start giving 110%?

The internet is full of quick, cheap and tidy ideas on how to improve workplace morale. They range from cuddles (recognition) and huddles (go-team-go) to thank-you notes, free lunches and time off for good behavior.

But I contend that these broad brush strokes do little to improve culture or morale or raise the needle of employee engagement in any significant way. (I invite you to disagree and leave a comment with your proven favorites.)

Rather, now is the time to survey your population and get a baseline understanding of the current climate.

Are your employees connected to business?
Do they understand the goals and how their work contributes to the success of the enterprise?
Do you understand the top three places they might seek employment if your organization ceased to exist, and why?
Do you have systems in place that compensate employees for accomplishing goals large and small?

If your company has “taken a break” from launching employee surveys out of fear of what they will reveal, I urge you to bring them back.

We are at the pinnacle of new and noteworthy times when HR can drive the rally, and implement focused ideas, tied to business goals that improve culture.

At the very least, you will have real insights from which to compare next year, or build a solid communications plan that drives employee engagement. (For help with survey or plan call us). At best, you have validated your own contribution to growth and revenue of the company you call home.

Later in the conversation, I asked him if he had any metrics around his recruitment advertising results. He said that he’s wasting half the money he spends- the trouble is, he doesn’t know which half. [sound]

Saturday, March 28, 2009

The ROI of Primary Research- Taking the Madness Out!


As Seen on ERE.NET- This article marks my debut as contributor to ERE.net, the online community comprised entirely of professionals who are part of the recruiting industry. I look forward to being a valuable part of such a long-established leader in the virtual publishing field.
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Coming up on the second weekend of the NCAA tournament, I am happy to report that I’m in first place in my pool of 35 basketball fanatics. I won two years ago and I’m looking to repeat the performance. The funny thing is that I don’t even follow the sport. My personal secret is my professional weapon: pre-project research.

Research is an oft-forgotten yet essential business tool and can save money, time, and resources. While the cost of entry for my basketball pool was only $25, the stakes are significantly higher when assessing the costs to launch a new branding campaign, career site, or national recruitment program. Small mistakes can create long-term headaches like high turnover, poor performance, or dropped conversion rates.

So before the next round of hoops begins, lets take a moment to look at some of the different kinds of research there are, and when it makes the most sense to launch yours.

There are three kinds of research.

Secondary. Secondary research already exists, and is therefore the least useful in helping you, since every project in unique. Your company, your culture, and your objectives are different from everyone else’s on your buddy list, so you can’t expect to have the same outcomes from similar projects that you launch. (Secondary research did however, account for my early success in the basketball pool.)

Quantitative. Quantitative research is often used as an independent survey tool, but it is most effective when used to validate the findings of your qualitative study. Think quantity, think survey, think slice and dice statistics. It’s much more objective since when the questions are crafted correctly, the answers are unbiased. The costs of running quantitative research surveys have come down considerably through online tools like SurveyMonkey or Zoomerang. The trick is getting the right analysis from the data. Make sure that you get a fair-size sample pool across geography and skill sets, if applicable to your project.

Qualitative. Qualitative research should be both the beginning of your discovery process as well as the launching platform for any next research steps. Bring in a small sampling of the “right” types of people and do a focus group, in-depth interview, or telephone campaign. The questions are open-ended and the answers are subjective. A trained moderator will probe to explore the deeper perceptions, opinions, and feelings about your topic. Think quality, ideas, and individual interpretation.

The costs of launching qualitative research vary, but expect a price tag of $3,000 to $5,000 per group, depending on the circumstances, and don’t make the mistake of going cheap and doing it yourself. You’ll be biased and won’t get good data from the effort.

Qualitative research using employees can help define: Internal culture; employer brand and value propositions; alignment of executive strategy with general population; and the strengths/weaknesses of your recruiting campaign among target populations.

Launching internal research using your own employees? It shouldn’t take more than two hours at the max. Get a skilled facilitator and have it off-site. The more people can rely on anonymity, the closer you’ll get to the truth.

Offer an incentive. These can range anywhere from a really nice catered lunch or dinner to $100 gift cards depending on the circumstances. If you’re doing a group with commissioned salespeople, consider that they might be losing revenue from possible missed sales.

Have a well thought-out discussion guide, but allow for the flexibility to go “off-road.” I’ve been involved in situations where from the moment the first group begins, I know I’m in for a bumpy ride. Whether there was a disconnect between assumption and reality or a significant event that shaped the course of the conversation, don’t worry if a group goes somewhere unexpected. Often that’s the precise outcome we’re hoping for because it demonstrates engagement of the attendees.

As in the adage “if it can’t be measured it can’t be managed,” research is the fundamental starting point of any new effort. For a cost of less than $20,000 and a window of 90 days, you’ll reap the benefits from new insights or a confirmation of gut instincts that ensures the successful outcome of your project.