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Presentation from the Fordyce Forum 2012, presented by Joanie Ruge.
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1
Making Sense of the employment
Market The secret to boosting the industry and your personal brand
Joanie Ruge, Senior Vice President Chief Employment Analyst
Agenda
• How the numbers can boost BRAND “YOU” and the industry
• BUILDING your arsenal of labor MARKET KNOWLEDGE
• TIPS for POSITIONING YOURSELF as a recruitment expert
2
Client ExpectaNons A DAY IN THE LIFE OF A RECRUITER
3
BRAND
numbers
“you”
4
CAN BOOST
HOW THE
Brand Recruitment “Expert” (WIFM)
• Credibly manage client expectaNons
• Protect margins
• Increase customer retenNon & referrals
5
• Boost industry reputaNon
6
POSITIVE BRAND EQUITY
7
NEGATIVE BRAND EQUITY
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TO BE KNOWN FOR?
WHAT DO
you want
Brand Strategy
• Value • DifferenNates • Character • Consistent
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$1.80 Dunkin Donuts $0.30 at home
VS.
$3.50
10
Brand Power for Recruiters
BEAT the competition
Personal Experience
& Assets
Geographic Market
Niche Industry / Profession National
Employment Trends
Economic Outlook
Relevance • Heightened interest in employment outlook • Central theme of upcoming presidenNal elecNons
Gap • Fill void for sound job market advice • Intelligence for smarter recruitment strategies
Reach • Social media creates unprecedented reach • Levels the playing field
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Why Focus on Your Personal Brand Now?
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building YOUR ARSENAL OF
LABOR MARKET
knowledge
NaNonal Employment Trends
Non-‐farm payroll: + 120,000 Private-‐sect payroll: + 121,000
• Health care: +26,000; • Retail: -‐34,000 • Professional/business services: +31,000
Government: -‐1,000
• Federal: no change • State: +2,000 • Local: -‐3,000
Growth leaders:
• manufacturing • food services/drinking places
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Unemployment rate 8.1 percent
April 2012
** Data update due 5/1/12
Unemployment by EducaNon
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Unemployment by Age
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Unemployment by Region
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Unemployment by State
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Average Hourly Wages by Industry Sector
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Economic Indicators
• GDP slowed to 1.9% 1Q12, vs. 3.0% 4Q11 • May Consumer Confidence Index 64.9, biggest drop in eight months
• Average home prices ended quarter down 2.6%, new post-‐bubble low may point to stabilizaNon
• Retail sales $408.0 billion in April, up 0.1% mo/mo and 6.1% yr/yr
• Manufacturing Index slowed to 53.5 from 54.8 in April, but new orders rose to highest in over a year
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Randstad Employment Trends & Research
• Randstad Employee Confidence Index dips 1.1%
• CauNon being exercised from both employee and employer perspecNve
• More employees took a middle of the road stance when it comes to the economy, job market, and their personal employment situaNon
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May 2012
Worker confidence dips Index remains above 50
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INDUSTRY
trends
Staffing Industry Payroll Trends
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Source: U.S. Bureau of Labor Statistics and Bruce Steinberg
Staffing Industry by Segment
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Source: U.S. Bureau of Labor Statistics and Bruce Steinberg
Professional Services Trend Overall conSnued upward trend
• +562,000 over past 12 months
• + 32,000 jobs in Oct. ‘11
• Modest job gains in recent months in temp help services/management and technical consulNng
Sub-‐ Sectors
• Finance/AccounNng
• Legal Staffing
• Healthcare (OccupaNons in Demand)
• IT (OccupaNons in Demand)
• Engineering/Design
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Finance & AccounNng Slow and Steady.
• BLS projects growth in accounNng jobs 2008 to 2018 of 22%
• Sizeable growth in 1Q12, up 15,000 jobs in March
• Financial analyst jobs to grow 23% 2010 to 2020
• Unemployment rate for finance and accounNng professionals is 5.5%
• Growth driven by expanding financial products and the need for in-‐depth knowledge of geographic regions
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Legal Staffing
Growth ProjecNons
• 7% in 2012, 5% in 2013
• $1.4 billion in 2012, $1.5 billion in 2013
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ConNnued recovery from 2009 recession
Legal services employment currently
flat has gradually recovered from 2010 low of losing 50,000 jobs
monthly
Source: SIA
Healthcare Demand
According to BLS one of the few sectors that added workers during the economic downturn and is forecasted to conSnue its growth.
• Rise in travel nursing, where cuts were deepest
• Physicians migraNng to hospital employment over private pracNce
• Tepid locum tenens recovery, with health informaNon management and excepNon
• Pressure on bill-‐pay spread
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Healthcare Supply Skills evolving, more engineering focused. Lacking educaSon & training to meet employer expectaSons. Job Titles in Demand
1.Registered Nurse
2.Nurse Manager
3.CerNfied Nursing Assistant
4.Pharmacy Technician
5.Physical Therapist
6.Physician Assistant
7.Licensed PracNcal Nurse
8.Nurse Supervisor
9.PaNent Care Coordinator
10.Home Health Aide
Job Titles in Supply
1.Medical Assistant
2.Registered Nurse
3.CerNfied Nursing Assistant
4.Pharmacy Technician
5.Licensed PracNcal Nurse
6.Laboratory Technician
7.Healthcare Support Workers
8.Phlebotomist
9.Dental Assistant
10.Medical Laboratory Technician
Source: Monster 2011 Occupational Report
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InformaNon Technology Flat to decelerated industry growth. Modest job growth. Job Titles in Demand
1.Sosware Engineer
2.Sr. Sosware Engineer
3.Java Developer
4.Programmer Analyst
5.Business Systems Analyst
6.Sosware Quality Assurance Engineer
7.Webmaster
8.PC Technician
9.Web User Interface Designer
10.C/C++ Programmer
Job Titles in Supply
1.Sosware Engineer
2.Business Systems Analyst
3.IT OperaNons Manager
4.InformaNon Technology Manager
5.Systems Administrator
6.PC Technician
7.Network Administrator
8.Technical Support RepresentaNve -‐Entry Level
9.Sr. Sosware Engineer
10.Programmer -‐Entry Level
Source: Monster 2011 Occupational Report
Engineering & Design Poised for job growth
• 2011 highest level of jobs in four years
• 1.6 million jobs at end of Q1’12, expected to grow 11% over next ten years
• PotenNal skills shortage : computer hardware engineers (2.2%), mechanical (2.5%), chemical, (3.2%), aerospace engineers (3.3%), and electrical engineers (3.4%.)
Skill Demand
• Ongoing need for new products and technology to enhance efficiency and profitability
• Biomedical engineering to address needs of aging populaNon
• Environmental engineering to further protect and conserve
• InternaNonal compeNNon stunNng U.S. job expansion for computer hardware, electrical and electronics engineers
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more trends to watch MILLENIALS BABY BOOMERS WOMEN VS. MEN
`
Millenials “Trophy Kids” Entering the Workforce
Born 1980 – 2001
• Lavished with praise
• Sense of enNtlement
• Expect access to senior managers
• AmbiNous but not cut-‐throat
• SensiNve to criNcism
• Confident in their employability
• Will work hard if engaging task with tangible payoff
32
Everyone is a winner
Baby Boomers Changing Face of ReSrement
Born 1945-‐1965
• 8 out of 10 will work into their 70’s
• Retraining due to obsolete jobs • New applicaNon of skills • 8.4 million ages 44 to 75 in “encore” careers in educaNon, community, healthcare
• Highly skilled, experienced
• Seeking more flexibility, less salary, pursue passion, do good
33
Work your way to the top
Women vs. Men Glass Ceiling Shaeering?
• Higher job growth for women since Dec . 2011 • +83,000 jobs vs. +120,000 for women (Jan/Feb ‘12) • Women comprise majority of college grads • Growth in white-‐collar jobs
34
2010 2011 2012
35
Nps FOR PROMOTING YOUR PERSONAL
brand
TIP #1 – Content is King
36
TIP #2 – www.Me.com Command Center
• Create a professional website
• Prominent “About” page
• AdverNse yourself
37
• Post plugs
• Case studies
• RecommendaNons & tesNmonials
TIP #3 – Keep Up RelaNons • Word-‐of-‐mouth sNll rules • Network of contacts • Maintain and build
new contacts • Share recent successes,
advice & experiences
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TIP #4 – Get Social
39
• Ever Googled Yourself? • Hallmark of strong personal brand is how
easily you are found when someone searches for you on the web.
• LinkedIn for corporate networking • Facebook, Ziggs directories • YouTube Channel for video • Flickr for images • Slideshare for presentaNons • Twizer for communicaNon, immediacy and promoNng content globally
• Google counts every link to a web page as a “vote” for that page.
• All your accounts must be interlinked!
40
Commit TO BRAND
building But don’t over commit!
Life of A Recruiter Susan Roder’s Video Resume
41
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Joanie Ruge SVP & Chief Employment Analyst
[email protected] sfngroup.com 954.308.7600
follow @joanieruge
www.joanieruge.com