Is the Talent Shortage for Real?

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Presentation transcript:

Is the Talent Shortage for Real? Sean R. Vander Elzen Director, Talent Acquisition and Early Career Development, GM

Agenda Talent landscape Recent trends and insights Foundational Business Strategic Recent trends and insights How do we address the gaps?

Influences on Recruiting Strategic Issues Business Issues Decreased Collaboration for Solutions Increased Competition for Talent Foundational Issues

Foundational Issues Interest in STEM Candidate’s perceptions of the industry Candidate’s perceptions of locations Manager’s perceptions of the job market

Business Issues Pace of change Requirements for talent Developed vs. Develop? Workforce mix Managing turn-over

Strategic Issues GM’s transformation Strategic growth areas Technology

Goals – In Simple Terms… Right TALENT, Right TIME, Right PLACE, Right QUANTITY, Right QUALITY

General Trends and Insights High Passion Potential? Pride Fit? Passion Potential Pride Fit Interested Passion? Potential? Pride? Fit? Awareness? Perception? Cultural Fit? Low High Qualified

Trends and Insights by the Numbers Careerbuilder™ – Supply and Demand Analytics as of Feb 5, 2013

Trends and Insights by the Numbers Careerbuilder™ – Supply and Demand Analytics as of Feb 5, 2013 Software Mechanical Electrical

Surprising Trends More competition for early career talent Less likely to leave current employer in first 1-3 years People leaving money “on-the-table” for challenge and innovation High volume hiring of specialized skills driving most real and perceived gaps

Address the Gaps… S Science T Technology E Engineering M Math