What better way to spend a weekend than by thinking about your corporate recruitment strategy?
For those of you now rolling your eyes, roll them back this way and press play:
The Green Dot, a Deloitte Film Festival finalist sneaks more corporate recruitment tips into two and one half entertaining minutes than most highly paid advisors can eek out in a 90 minute presentation.
Preparing for your latest job fair? As you spend a full day frantically packing your signage, gathering your business cards and concepting your booth game, your savviest competitor has already reached out to six candidates – each more qualified than you will meet at your fair.
How did they do it? By realizing long ago that job fairs are a dying recruiting tactic and evolving their strategy.
After attending the HR Thought Leadership conference in Atlantic City in June, I came away with a bunch of insights from attendees and other speakers about the Future of Human Capital Supply Chain Software. I heard from a number of corporate HR executives that there is a HUGE market globally for the “replacement” of first generation 1.0 Talent Management systems over the next few years. This is being driven by the explosion of Web 2.0 technologies and the dis-satisfaction that many corporate HR users have with their “over-sold” current 1.0 talent management solutions.
For awhile now there have been two camps of thought concerning how to best help Corporations improve the management of their contingent workforce spending. At first, there were stand alone VMS (Vendor Management Software/Service) companies that applied technology to this business issue, Over time the large Staffing firms jumped in and through their MSP (Managed Service Provider) offerings and the acquisition of some of the VMS technology companies, they have been able to effectively help their largest corporate clients better manage the flow of contingent spending. Who is right and who is wrong ???
Last week, while attending the Consulting Summit in Chicago ,hosted by Brian Cuthbert and Joe Kornik of Consulting Magazine, I had the opportunity to talk with some of the world’s leading HR and Supply Chain consulting firms. I had the chance to speak with Kathryn Hayley (CEO) from Aon, Rajeev Jain of Hewitt, Maryanne Faschan of HP, Carrie Greenbaum of Alix and Susan Kantor of PRTM. After talking about the revolutionary aspects of Human Capital Supply Chains, all my discussions focused on how Consulting firms should begin to engage with their corporate clients about the benefits of implementing a Human Capital Supply Chain environment. The discussions were lively and it reinforced for me the true transformational nature of a new idea such as Human Capital Supply Chains.
In a recent report by research firm Staffing Industry Analysts, it was found that the percentage of companies using Vendor Management Systems ( VMS ) jumped from 34 percent in 2007 to 63 percent in 2009. Staffing Industry Analysts also predicted the rate would climb to 81 percent in 2011.
The concept of Six Sigma is not merely a quality initiative for manufacturing or distribution organizations, but it is a business initiative for any strategic business process, including Human Capital Supply Chains. The real message of Six Sigma for HR goes beyond statistics. Six Sigma for HR is a total management commitment and philosophy of:
excellence,
customer focus,
continual process improvement and
the rule of measurement rather than gut feel.
This is the place where most HR professionals start to get an upset stomach, especially when you mention statistics. Six Sigma targets four main areas;
In a recent Supply Chain research report distributed by TEC at www.technologyevaluation.com , they described the 3 main technologies used by manufacturing and distribution companies to automate their businesses and streamline their processes. They explain how these decision support systems worked together to guide and protect them through the up-swings and down-turns of the economy. These 3 “mission critical” systems included ERP (enterprise resource planning), SCM (supply chain management) and APS (advanced planning and scheduling).
Tim Giehll and Sara Moss are excited to bring you a revolutionary blog about a revolutionary concept: human capital supply chains. Below is an introduction to the concept, and an executive summary not just of the book, but of this blog itself.
Corporations have been building and optimizing manufacturing supply chains for over three decades. Companies like Dell and Wal-Mart are famous for leveraging supply chain management techniques to breakout from their competitors and dominate their markets. In the past 30 years we’ve shifted from a manufacturing economy to a knowledge economy. For companies that want to grow their businesses in a post-recession economy, it’s time to refocus and apply the lessons learned from optimizing your product lines to optimizing your workforce.
Tim Giehll, CEO of Bond Talent and eEmpACT, brings more than 30 years of experience as a staffing industry veteran, technology visionary and manufacturing expert to his role as co-author of Human Capital Supply Chains.
Sara Moss is co-founder and CEO of The Code Works Inc., a technology consulting company focused on the staffing and recruiting industry. Sara and her team develop actionable technology strategies to enable their client’s business goals.