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Heaven or Hype: Recruiting Through Social Media
Barbara Zimmerman - VP & Director of Recruiting, Ivy Exec
Alex Baranpuria – VP & General Manager, Ivy Exec


         IvyExec.com    6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   1
About Barbara




•   VP, SVP, & Director level positions @ Ivy Exec, Korn Ferry, ATK, Y&R, Polygram
•   Managed ~ 1,000 mid- through C-level executive searches over 20 yrs
•   Launched Korn Ferry’s global media practice in executive search
•   Talent management & succession planning for 15K @ Y&R and 5K @ Polygram


      IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   2
An Assessment of the Recruitment Landscape

1. 85% of a firm’s value is in its intangible assets

2. 66% of worldwide talent will seek new positions in 2012

3. 41% of of global talent researches social media when making a
career decision.
4. 65% of global companies can’t find the needed skills in hires

5. 25% of US workforce will be older workers by 2018


   IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   3
5 major trends we are discussing today

1. Economic influences have led to pricing pressures within recruiting

2. Multi-position demands and time urgencies have altered recruiting

3. Organizations are internalizing search function

4. The rise of social media has changed recruiting

5. Any organization, regardless of size, can succeed with the new
   recruitment model



     IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   4
5 major trends we are discussing today
    Question: What economic pressures have led to pricing pressures?

1. Economic influences have led to pricing pressures within recruiting

2. Multi-position demands and time urgencies have altered recruiting

3. Organizations are internalizing search function

4. The rise of social media has changed recruiting

5. Any organization, regardless of size, can succeed with the new
   recruitment model


     IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   5
#1 - Economic influences have led to pricing pressures

  • Traditional Retained Search Model on Pricing
      –   A bundled approach in methodologies/pricing
      –   33% fee structure plus expenses
      –   Modest, forced modifications
      –   Revenues decline and foreign penetration


  • New Model for Pricing




  IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   6
#1 - Economic influences have led to pricing pressures




  IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   7
#1 - Economic influences have led to pricing pressures

  • Traditional Retained Search Model on Pricing
      –   A bundled approach in methodologies/pricing
      –   33% fee structure plus expenses
      –   Modest, forced modifications
      –   Revenues decline and foreign penetration


  • New Model for Pricing
      – Pricing flexibility and customization
      – Fee for service vs. fee for placement
      – Delivering mid-level candidates cost-effectively

  IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   8
#1 - Economic influences have led to pricing pressures
   • New pricing model in action @ Ivy Exec
        – Client: tech focused management consulting firm
        – Assignment: Two senior level assignments
        – Reduced cost per hire by 88% -> we saved client $176,000




  IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   9
5 major trends we are discussing today

     Question: How have multiple searches and less time changed recruiting?

1. Economic influences have led to pricing pressures within recruiting

2. Multi-position demands and time urgencies have altered recruiting

3. Organizations are internalizing search function

4. The rise of social media has changed recruiting

5. Any organization, regardless of size, can succeed with the new
   recruitment model

    IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   10
#2 – Multi position demands & time urgencies

• Traditional Retained Search Model
   – Fewer skilled global workers = constant talent demands
   – Conducting mainly senior to C-level searches
   – Still conducting one search at a time over months

• New Model is Much More Agile
   – Work on multiple positions simultaneously
   – Unbundle services in a ‘Pipeline’ model
   – Provide the front end of search at mid-levels
   – Hire as many as desired!

  IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   11
#2 – Multi position demands & time urgencies


• Case Study of New Model from Ivy Exec

   – Objective: Hire multiple advisors within Merrill’s private
     wealth management group

   – Result: 600 applicants -> 55 hires -> 33% average cost
     reduction per hire




  IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   12
#2 – Multi position demands & time urgencies

 • Case Study of New Model from Ivy Exec

    –Objective: Quickly hire a senior internal auditor, French speaking,



    –Result: 2 weeks -> 20 candidates presented -> 2 offers made




  IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   13
5 major trends we are discussing today
             Question: How have external search firms responded to
                      organizations internalizing search?
1. Economic influences have led to pricing pressures within recruiting

2. Multi-position demands and time urgencies have altered recruiting

3. Organizations are internalizing search function

4. The rise of social media has changed recruiting

5. Any organization, regardless of size, can succeed with the new
   recruitment model

    IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   14
#3 - Internalizing the search function

• Traditional Search Firm Model
   – Hourly fees and the dodo bird
   – The abdication of the middle-market of search
   – The same database, no online ‘community’
   – Growth of unbundled HR advisory services

• New Recruitment Model
   – Search firms create a dynamic, interactive talent community
   – Enable & empower their clients who are internalizing search
   – Offer customizable recruitment solution @ reduced fees

  IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   15
#3 - Internalizing the search function




  IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   16
#3 - Internalizing the search function

• The new model in action @ Ivy Exec
   – Objective: Interact & regularly engage top talent to produce a
     vibrant online community




  IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   17
Questions?




IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   18
5 major trends we are discussing today

   Question: How is social media going to change recruiting in the future?

1. Economic influences have led to pricing pressures within recruiting

2. Multi-position demands and time urgencies have altered recruiting

3. Organizations are internalizing search function

4. The rise of social media has changed recruiting

5. Any organization, regardless of size, can succeed with the new
   recruitment model

    IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   19
#4 – Social Media is still changing recruiting

• Current social media tools
   – What are the real measurable returns?



   – Is LinkedIn giving access to game changers?


• Social media under the new model
   - “narrowcast” to reach key talent
   - Need ‘just in time’ and ‘plug and play’ solution

  IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   20
#4 – Social Media is still changing recruiting

• The new social media @ Ivy Exec
   – Objective 1:      Develop a vibrant talent community…….




   Career                                                                   Mentorship Program
Advancement                               Professional Development
    Blog          Career Coaching
                                                   Webinars

    IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   21
#4 – Social Media is still changing recruiting

• The new social media @ Ivy Exec
   – Objective 2:      Empower employers by them access to this talent pool




  Employer                                                                     New Executive
  Branding        Recruitment                            Research              Search Model
                  Solutions                              Solutions

    IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   22
5 major trends we are discussing today
   Question: How can organizations best employ their own efforts in social
   media recruiting?
1. Economic influences have led to pricing pressures within recruiting

2. Multi-position demands and time urgencies have altered recruiting

3. Organizations are internalizing search function

4. The rise of social media has changed recruiting

5. Any organization, regardless of size, can succeed with the new
   recruitment model

    IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   23
#5 - Any organization can succeed under the new model

• Evaluate your talent needs, then build systems to interact
  with that talent
   –Webinars, blogs, linkages, contests


• Go where your target talent goes


• Manage your social reputation
   –Ivy Cares Program
   –Ivy Exec Mentor Network

   IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   24
To summarize

  In today’s war for talent…

1. Companies face pricing pressures
2. Multi-position demands and time limitations are the norm
3. Search function is now in house

… companies can adopt new tools to
      empower their recruitment function…
1. New pricing models exist
2. Customizable recruitment tools provide flexibility
3. Access vibrant, engaged talent communities to find target talent
 IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   25
Contact us to explore our partnership model

›    Barbara Zimmerman
     Vice President & Director, Recruiting
     barbara@ivyexec.com | 888-551-3444 ext. 9



›    Alex Baranpuria
     Vice President & General Manager
     alex@ivyexec.com | 888-551-3444 ext. 3




    IvyExec.com   6 East 39th Street between 5th & Madison Avenue, NYC   888-551-3444   26

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Heaven or Hype Recruiting Through Social Media Ivy Exec and Human Capital Institute

  • 1. Heaven or Hype: Recruiting Through Social Media Barbara Zimmerman - VP & Director of Recruiting, Ivy Exec Alex Baranpuria – VP & General Manager, Ivy Exec IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 1
  • 2. About Barbara • VP, SVP, & Director level positions @ Ivy Exec, Korn Ferry, ATK, Y&R, Polygram • Managed ~ 1,000 mid- through C-level executive searches over 20 yrs • Launched Korn Ferry’s global media practice in executive search • Talent management & succession planning for 15K @ Y&R and 5K @ Polygram IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 2
  • 3. An Assessment of the Recruitment Landscape 1. 85% of a firm’s value is in its intangible assets 2. 66% of worldwide talent will seek new positions in 2012 3. 41% of of global talent researches social media when making a career decision. 4. 65% of global companies can’t find the needed skills in hires 5. 25% of US workforce will be older workers by 2018 IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 3
  • 4. 5 major trends we are discussing today 1. Economic influences have led to pricing pressures within recruiting 2. Multi-position demands and time urgencies have altered recruiting 3. Organizations are internalizing search function 4. The rise of social media has changed recruiting 5. Any organization, regardless of size, can succeed with the new recruitment model IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 4
  • 5. 5 major trends we are discussing today Question: What economic pressures have led to pricing pressures? 1. Economic influences have led to pricing pressures within recruiting 2. Multi-position demands and time urgencies have altered recruiting 3. Organizations are internalizing search function 4. The rise of social media has changed recruiting 5. Any organization, regardless of size, can succeed with the new recruitment model IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 5
  • 6. #1 - Economic influences have led to pricing pressures • Traditional Retained Search Model on Pricing – A bundled approach in methodologies/pricing – 33% fee structure plus expenses – Modest, forced modifications – Revenues decline and foreign penetration • New Model for Pricing IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 6
  • 7. #1 - Economic influences have led to pricing pressures IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 7
  • 8. #1 - Economic influences have led to pricing pressures • Traditional Retained Search Model on Pricing – A bundled approach in methodologies/pricing – 33% fee structure plus expenses – Modest, forced modifications – Revenues decline and foreign penetration • New Model for Pricing – Pricing flexibility and customization – Fee for service vs. fee for placement – Delivering mid-level candidates cost-effectively IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 8
  • 9. #1 - Economic influences have led to pricing pressures • New pricing model in action @ Ivy Exec – Client: tech focused management consulting firm – Assignment: Two senior level assignments – Reduced cost per hire by 88% -> we saved client $176,000 IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 9
  • 10. 5 major trends we are discussing today Question: How have multiple searches and less time changed recruiting? 1. Economic influences have led to pricing pressures within recruiting 2. Multi-position demands and time urgencies have altered recruiting 3. Organizations are internalizing search function 4. The rise of social media has changed recruiting 5. Any organization, regardless of size, can succeed with the new recruitment model IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 10
  • 11. #2 – Multi position demands & time urgencies • Traditional Retained Search Model – Fewer skilled global workers = constant talent demands – Conducting mainly senior to C-level searches – Still conducting one search at a time over months • New Model is Much More Agile – Work on multiple positions simultaneously – Unbundle services in a ‘Pipeline’ model – Provide the front end of search at mid-levels – Hire as many as desired! IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 11
  • 12. #2 – Multi position demands & time urgencies • Case Study of New Model from Ivy Exec – Objective: Hire multiple advisors within Merrill’s private wealth management group – Result: 600 applicants -> 55 hires -> 33% average cost reduction per hire IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 12
  • 13. #2 – Multi position demands & time urgencies • Case Study of New Model from Ivy Exec –Objective: Quickly hire a senior internal auditor, French speaking, –Result: 2 weeks -> 20 candidates presented -> 2 offers made IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 13
  • 14. 5 major trends we are discussing today Question: How have external search firms responded to organizations internalizing search? 1. Economic influences have led to pricing pressures within recruiting 2. Multi-position demands and time urgencies have altered recruiting 3. Organizations are internalizing search function 4. The rise of social media has changed recruiting 5. Any organization, regardless of size, can succeed with the new recruitment model IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 14
  • 15. #3 - Internalizing the search function • Traditional Search Firm Model – Hourly fees and the dodo bird – The abdication of the middle-market of search – The same database, no online ‘community’ – Growth of unbundled HR advisory services • New Recruitment Model – Search firms create a dynamic, interactive talent community – Enable & empower their clients who are internalizing search – Offer customizable recruitment solution @ reduced fees IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 15
  • 16. #3 - Internalizing the search function IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 16
  • 17. #3 - Internalizing the search function • The new model in action @ Ivy Exec – Objective: Interact & regularly engage top talent to produce a vibrant online community IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 17
  • 18. Questions? IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 18
  • 19. 5 major trends we are discussing today Question: How is social media going to change recruiting in the future? 1. Economic influences have led to pricing pressures within recruiting 2. Multi-position demands and time urgencies have altered recruiting 3. Organizations are internalizing search function 4. The rise of social media has changed recruiting 5. Any organization, regardless of size, can succeed with the new recruitment model IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 19
  • 20. #4 – Social Media is still changing recruiting • Current social media tools – What are the real measurable returns? – Is LinkedIn giving access to game changers? • Social media under the new model - “narrowcast” to reach key talent - Need ‘just in time’ and ‘plug and play’ solution IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 20
  • 21. #4 – Social Media is still changing recruiting • The new social media @ Ivy Exec – Objective 1: Develop a vibrant talent community……. Career Mentorship Program Advancement Professional Development Blog Career Coaching Webinars IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 21
  • 22. #4 – Social Media is still changing recruiting • The new social media @ Ivy Exec – Objective 2: Empower employers by them access to this talent pool Employer New Executive Branding Recruitment Research Search Model Solutions Solutions IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 22
  • 23. 5 major trends we are discussing today Question: How can organizations best employ their own efforts in social media recruiting? 1. Economic influences have led to pricing pressures within recruiting 2. Multi-position demands and time urgencies have altered recruiting 3. Organizations are internalizing search function 4. The rise of social media has changed recruiting 5. Any organization, regardless of size, can succeed with the new recruitment model IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 23
  • 24. #5 - Any organization can succeed under the new model • Evaluate your talent needs, then build systems to interact with that talent –Webinars, blogs, linkages, contests • Go where your target talent goes • Manage your social reputation –Ivy Cares Program –Ivy Exec Mentor Network IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 24
  • 25. To summarize In today’s war for talent… 1. Companies face pricing pressures 2. Multi-position demands and time limitations are the norm 3. Search function is now in house … companies can adopt new tools to empower their recruitment function… 1. New pricing models exist 2. Customizable recruitment tools provide flexibility 3. Access vibrant, engaged talent communities to find target talent IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 25
  • 26. Contact us to explore our partnership model › Barbara Zimmerman Vice President & Director, Recruiting barbara@ivyexec.com | 888-551-3444 ext. 9 › Alex Baranpuria Vice President & General Manager alex@ivyexec.com | 888-551-3444 ext. 3 IvyExec.com 6 East 39th Street between 5th & Madison Avenue, NYC 888-551-3444 26