HRO Today Forum APAC - Korn Ferry Focus
[Pages:27]THE ROLE OF RECRUITER IS IN QUESTION ? BUT HOW MUCH OF AN IMPACT WILL TECH REALLY HAVE?
HRO Today Forum APAC
November 12, 2018
Introductions
Pip Eastman
Managing Director, APAC Solutions, Korn Ferry RPO
Merissa Yeow
Global Client Solutions Director, Korn Ferry RPO
Tamara Sigerhall
Managing Consultant Korn Ferry Professional Search
? 2018 Korn Ferry. All rights reserved
2
The digital journey will reshape the workforce...
RIGHT SIZE
RIGHT SKILLS
RIGHT SITE
RIGHT SHAPE RIGHT SPEND
Fewer humans? Or more as
automation enables greater capacity
Greater decisionmaking as
automation takes repetitive tasks
Location is deprioritized ? or changed in search of key digital talent
Networked, platform-based
structure
Data analytics means compensation and rewards are more optimally allocated
? 2018 Korn Ferry. All rights reserved
3
A delicate ecosystem
HIRING MANAGER 61% recruiters have, at best, a
`low' to `moderate' understanding of the jobs.
77% recruiters' candidate screening is `inadequate'.
44% "Lack of Required Skills or Experience" among applicants is biggest recruitment challenge
RECRUITER
80% I have a `high' to `very high' understanding of the jobs. 51% Hiring managers `should do a better job communicating
what they are looking for in a candidate'.
54% of recruiters complain that hiring managers expect recruiters to place candidates into hard-to-fill positions more quickly than is feasible.
250+ Corporate job openings on average attracting applications so sifting is a major time factor.
CANDIDATE
83% of candidates say they would never apply again after a bad experience and 41% of job hunters have put their negative candidate experience down to being unable to contact a recruiter.
82% of employers think a negative candidate experience affects the company, and this extends to candidate's willingness to buy products from that company
29% of applicants don't even get acknowledgement that application is received
? 2018 Korn Ferry. All rights reserved
4
INNOVATING ACROSS THE RECRUITMENT PROCESS
? 2018 Korn Ferry. All rights reserved
5
Tech impacting the recruitment process
ENGAGE
Pre application assessment Realistic Job Preview (RJP)
Gamification
SELECT
Assessment Video Interviews Assessments Structured Interviews
SOURCE
AI Sourcing Engines
PLAN
Enhanced Job Profiling Benchmark Profiles Talent Analytics
HIRE
Assessment evaluation Pay benchmarks
ONBOARD
Better Candidate Experience Reduce Time to Impact 90-Day Development Plan
? 2018 Korn Ferry. All rights reserved
Benchmark profile
Profile Building
Experience
PLAN Soft & hard skills
Job context
Responsibilities
Benchmark Data
Compensation
Supply and Demand
Market insights
Recruitment Data
? 2018 Korn Ferry. All rights reserved
7
How AI for sourcing works
SOURCE
Enhance the Job Description
Using best in class profiles and AI ? the system augments what the recruiter should be
looking for.
Korn Ferry Experience
The AI takes into account all of the Korn Ferry Experiences for this role.
01
03
05
02
04
Social Artifacts
Qualitative and quantitative information Candidates' readiness to move.
Studies the Market
Independently, it studies people in those
roles to identify what variables are key.
Localization
The AI looks to determine if it has worked with this location or recruiter before
? 2018 Korn Ferry. All rights reserved
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