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How David Can Beat Goliath in the War For Talent

How David Can Beat Goliath In The War For Talent Recruiting is an Arms Race TALENT ACQUISITION ANNUAL MILITARY SPENDING SPENDING Recruiting Agencies o CANADA Job Boards, Networking Sites, Branding & Advertising GERMANY Employee Referrals UK Travel Applicant Tracking Systems & Tools University Recruiting $130 BILLION $130 BILLION Large Corporate Goliaths Have Major Advantages Google FedEx VS P&G Deloitte. Small & Mid-size Organizations large Organizations Have to DIY or hire expensive recruiting agencies Have internal recruiting departments Pay close to full price for job boards & tools Get 60-90% discounts for job boards & tools Have to hire mostly Have an internal pipeline of promotable people from external $$ Are little known ŠŠŠ Have big budgets and seen as riskier and brands to attract Average Talent Acquisition Costs $3665 $1949 Small Organizations Targe Organizations Large organizations get twice the bang for their buck. They attract more talent while spending 50% less per hire. 24 Big companies can even afford extreme weapons Lavish employee referral rewards: • $5000 cash rewards Luxury car & motorcycle leases Exotic vacations first 10 digit prime found in consecutive digits of e Job ads on pizza boxes .com pizza cool job ad here Google Google buys billboards to lure math minds How David Beats Goliath "David's victory over Goliath is held to be an anomaly. It was not. Davids win all the time." 99 In his latest book, David and Goliath, the best selling author of The Tipping Point, Malcolm Gladwell, looks at how underdogs can overcome seemingly impossible odds.. and win. 1. Be fast and personal • Move your hiring process along quickly Be responsive to all candidates (#1 complaint) Personalize the process 2. Change the game дате Save 60-90% with "shortlisting" (like Hirefly) Use recorded video screening Ask your association to get recruiting discounts 3. Swim in the little ponds Attend small networking events in niche areas • Join LinkedIn groups and find social media stars Engage college teachers and career centers 4. Show candidates they'U matter more • Create remarkable job ads that 'start with why • Create an authentic & compelling careers page • Have employees blog about their work life 5. Try harder · Always be recruiting (before Go the extra mile in wooing candidates Encourage and reward employee referrals you need to) AND don't shoot yourself in the foot Avoid these common mistakes: Doing unstructured interviews • Manually screening all resumes Not posting on multiple free job boards No careers page or employee value prop Boring job ads not written well Not checking references SOURCES: o The Talent Acquisition Factbook 2011: Benchmarks and Trends in Spending, Staffing and Key Recruiting Metrics, Bersin & Associates. o o o o o David And Goliath: Underdogs, Misfits, And The Art Of Battling Giants, by Malcolm Gladwell, October 1, 2013, Little, Brown & Company, ISBN - 10: 0316204366 o How David Beats Goliath: When underdogs break the rules, by Malcolm Gladwell, the New Yorker, MAY 11, 2009 Brought to you by Hirefly

How David Can Beat Goliath in the War For Talent

shared by bulatus on Oct 19
Guerrilla tactics in a war for talent. Small and medium sized organizations are David up against large Goliath companies in the war for talent. They can definitely win, but they need the right approac...


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