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Visit this link to access a recording of the webinar: http://jwti.co/qi8uhx7 Want to know what the latest and greatest technology trends are for your HR teams? Weren't able to make HR Tech this year? We've got you covered. Learn about leading trends in technology for Human Resources, and get a recap of the 2014 HR Technology Conference
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October 29, 2014
@JWTINSIDE | @CARCOdk #INSIDEinsights
PRESENTING TODAY:
Kai YenChief Technology OfficerJWT INSIDE
Doug ShonrockDirector ofTechnology ProductsJWT INSIDE
Alan GordonChief Information OfficerCARCO Group, Inc.
Samantha LockwoodDirector of Product DevelopmentCARCO Group, Inc.
@JWTINSIDE | @CARCOdk #INSIDEinsights
Which category of technology tools and products are you most interested in hearing about?
Mobile Apply
Social Media/Social Networking
Big Data & Analytics
Culture-Based Mobile Apps
Application Process/ATS
Gaming/Gamification
Wearable Technology
0 6 12 18 24 30
21%
20%
18%
15%
14%
7%
4%
300+ Exhibitors
@JWTINSIDE | @CARCOdk #INSIDEinsights
HCM ATS Benefits Financial Payroll Risk Assessment/Management Rewards/Recognition Assessments Time/Attendance Video Interviewing
4 Trends To Watchin 2015
@JWTINSIDE | @CARCOdk #INSIDEinsights
BIG DATA TAKES A BIG STEPTREND #1:
Samantha LockwoodDirector of Product DevelopmentCARCO Group, Inc.
1#
300 million Facebook photos every hour
87% of the world has mobile access
#
HIPPO
Highest Paid Person’s Opinion
GEEK
Distills the Facts
vs.
#
Expert vs. Algorithm• 48% of the situations were a toss-up• 63% of the situations, the algorithm clearly made the better prediction• In only 6% of the situations was the expert clearly making a better prediction
Companies that adopted “data driven decision making” achieved productivity that was 5 to 6 percent higher.
! - Unboxed, an article in the NY Times by Steve Lohr
"Source: Clinical Versus Mechanical Prediction: A Meta-Analysis."
#
HR Analytics & Big Data• Companies using indexing and social data to create “Super Profiles”• Marketing already using our social data points for predictive marketing• Using algorithms to identify candidates from under-represented groups• HR technologies beginning to leverage same data points to build HR recruitment, engagement and retention strategies
!
#
"Source: HR Tech Conference Sessions with Entelo and Facebook"
#
When do most employees leave their jobs?
Knowing this answer helps companies optimize their recruiting outreach as well as their retention efforts.
"Source: HR Tech Conference Sessions with Entelo and Facebook"
#
It’s common knowledge, right?
Employees leave around the 4 year mark. People won’t leave before they’ve been there a year, and if they stay for 10, they’ll likely never leave.
Year One Year Four Year Ten"Source: HR Tech Conference Sessions with Entelo and Facebook"
#
Data shows us something different!
"Source: HR Tech Conference Sessions with Entelo and Facebook"
Doug ShonrockDirector of Technology ProductsJWT INSIDE
TREND #2:THE NEW “P” IN SOURCING
There’s a New ‘P’ in town!
The first? PrintThe second? PostThe NEW?
PERFORMANCE
Online Exhibitors from 3 years ago - GONE.
Pay-For-Performance Takes Floor Space.
Pay-Per-Lead will continue this trend from CPC to CPL
Early Results Look Promising
Alan GordonChief InformationOfficerCARCO Group, Inc.
TREND #3:MOBILE IS HERE TO STAY
#
Data shows us something different!The modern “smart phone” was bornin 2007 with the iPhone
Microsoft phones, Android phones, iPads, tablets and yes, “phablets”
Like it or not, mobile has changed our world.HR Technology is still trying to catch up.
#
Over 50% of job seekers and HR users were dissatisfied with their experience on a mobile platform
Mobile Enabling
Mobile Optimizing
Mobile Apply
#
Right after shortages of critical skillsavailable in the labor market, the nexttwo most often cited impediments fortalent acquisition were technologydriven (candidate experience and needto update existing tools and technology)
Might the tail wag the dog on this? Are companies turning away viablecandidates because of poor mobileexperiences (50% of 80% is 40%)?
Greatest Investment in Talent Acquisition in 2014
#
“Best-in-Class” companies are making investments innew technology to make recruitment more engaging
Optimizing the candidate experience in the hiring process,the new hire experience in onboarding, and the employeeexperience in HR systems both inside and outside of HRare a chief focus for these companies
These companies are spending their greatest investment (44%) on mobile solutions and “mobile-optimizing” their talent acquisition solutions
HR is catching up!
Strategies to Improve the Candidate Experience
Greatest Investment in Talent Acquisition in 2014
#
Forward leaning companies are moving very quickly to “mobile-optimize” their HR systems to maximize thecandidate/new hire/employee experience.
This will be a steepening trend in 2015 and companies that ignore the mobile trend or look only to ensure“mobile-compatibility” will be left behind.
Kai YenChief Technology OfficerJWT INSIDE
TREND #4:CONSOLIDATION COMPLEXITY
CONSOLIDATION DRIVERS
Integrations are difficult and expensiveEasy to upsell existing clientsMigration to the cloudInnovation mostly with SMB productsAcqui-hire
OPPORTUNITIES
Review capabilities of existing partners regularlyFavor partners with complete HCM suitesFavor partners with “Open APIs” (e.g. iCIMS)Leverage SMB tools for niche needsEmbrace the cloud
PREDICTIONS
Acquisition of eCRM tool vendorsAcquisition of mobile tool vendorsFavor partners with “Open APIs” (e.g. iCIMS)Your cloud policies will evolve to be more open
AND NOW FOR SOMETHINGENTIRELY DIFFERENT.
say goodbye to noisycolleagues with the click of a button
THANK YOU.Questions And Comments For Our Presenters
@JWTINSIDE | @CARCOdk #INSIDEinsights
Kai YenChief Technology OfficerJWT INSIDE
Doug ShonrockDirector ofTechnology ProductsJWT INSIDE
Alan GordonChief Information OfficerCARCO Group, Inc.
Samantha LockwoodDirector of Product DevelopmentCARCO Group, Inc.