Eric Holwell SVP, Strategy – Bayard erich@bayardad.com
There are no more excuses, Recruitment Advertising should be data-driven.
There are no more excuses, Recruitment Advertising should be - - PowerPoint PPT Presentation
There are no more excuses, Recruitment Advertising should be data-driven. Eric Holwell SVP, Strategy Bayard erich@bayardad.com Quick Introduction Sheila Spinner Eric Holwell VP, Client Strategy SVP, Strategy SheilaS@bayardad.com
Eric Holwell SVP, Strategy – Bayard erich@bayardad.com
There are no more excuses, Recruitment Advertising should be data-driven.
Quick Introduction
Sheila Spinner VP, Client Strategy SheilaS@bayardad.com Eric Holwell SVP, Strategy EricH@bayardad.com
Washington is projected to have a shortage of 7,000 nurses by 2025, ranking 45th among the 50 states for available nurses
Lund Report 2016
Today: Registered Nurses
active Washington licenses is 71,386, up by 2,729 or 4% from 2016.
11.3% in 2016.
6.1% of RNs are in rural settings, compared with 8.3% of the state population.
WSNA
Today: LPNs
Washington has 9,859 LPNs with Washington addresses, which has dwindled each year since reaching a peak of 13,751 in 2008. In 2018, this translates to about 135 LPNs per 100,000 people in Washington.
population: 7.6% of LPNs have addresses in Washington’s rural areas, home to 8.3% of Washingtonians, compared with just over 92.4% of LPNs in urban areas, where 91.7% of the state’s population lives.
2014.
WSNA
Today: Medical Billing & Coders
States with the Highest Levels of Employment in this Occupation
Will increase 13% between 2016 and 2026. This industry’s growth rate is faster than the national average for all occupations, and approximately 27,800 new positions will be added by 2026. Keeping up with those ICD-10s
BLS
And We’re Still Not a Compact State
Not all gloom and doom
You’re held accountable despite these challenges. The only way to combat these
What We Will Cover
Comparing Cost-Per-Click (CPC)
Comparing Cost-Per-Click (CPC)
A Little About Bayard
We’re a Recruitment Marketing Agency
Full-Service Employer Brand & Recruitment Marketing Agency Award Winning & Many Industry Firsts Transparent On All Solutions & Tech Analytical & Perceptive Problem Solving (No Canned Solutions) Great People Offices & Global Partners Year History Privately Held
250 15 97
With Expertise In…
ü EVP ü Employer Brand ü Programmatic ü Digital ü Traditional ü TA Tech Advisory ü Vendor Management ü Custom Career Sites ü Design & UX ü Social Media ü Active Candidates ü Passive Candidates RPO Reputation & Brand Impact Campaign Performance & ROI Analysis Supplier Review & Recruitment Analysis
Storytelling Advertising Relationships
ANALYICS
Retail/ Manufacturing Healthcare Call Center Corporate Tech Marketplace Staffing
Our Work Spans a Wide Range of Industries
What is Data-Driven?
Data-Driven: Defined
Data-driven is an ability to make strategic decisions based on data analysis and interpretation.
Data-Driven: Defined (more specifically)
Data-driven is an ability to use past, present, and future KPIs to make strategic decisions in candidate attraction investments. (or pivot away from decisions already made)
Data Timeline
PAST FUTURE
Historical performance data Real-time data every day Predictive models using past and present data.
PRESENT
Data Timeline
Historical performance data Real-time data every day Predictive models using past and present data.
PAST FUTURE PRESENT
Data Timeline
PAST FUTURE
Historical performance data Real-time data every day Predictive models using past and present data.
PRESENT
Data Timeline
PAST FUTURE
Historical performance data Real-time data every day Predictive models using past and present data.
PRESENT
Data Timeline
PAST FUTURE
Predictive models using past and present data.
PRESENT
We need to make 285 additional hires in 6 months:
Data Timeline
PAST FUTURE
Predictive models using past and present data.
PRESENT
Investment $33,000 Funnel Top of Funnel (Media) Top of Funnel (Including Organic) Conversion Rate Unit Cost Clicks 40,364 61,818 $0.81 Applications 4,440 6,800 11.0% $7.36 Hires 185 285 4.2% $176.73
Hire
Common Online Journey
Career Site ATS & CRM Hiring Process Media/Source
Offer Interview Screen
Within the Journey: Recruitment Marketing Data
YIELD METRICS
CONVERSION METRICS DIMENSIONS
Tracking The Journey - Where do you fall?
Basic
Intermediate
+
Advanced
+
Tracking The Journey - Where do you fall?
Basic
Intermediate
+
Advanced
+
Data-driven territory
Programmatic Advertising
The Epic Center of Data-Driven Advertising
Programmatic Job Ads
Data-Driven Advertising Improve ROI with Programmatic. How? Daily auto-data-driven decisions based on performance goals you set.
Advanced Media Trading Application Develop an Algorithmic Understanding
Real Time, Live, Team Analysis
Enhanced Media Buying & Reporting
The Convergence of software, data and human intelligence
Job Economics
Row Labels Sum of Organic Clicks Minneapolis, MN US 3314 Morgantown, WV US 2637 Roanoke, VA US 2437 Columbus, OH US 2242 Cleveland Heights, OH US 1954 Lynchburg, VA US 1953 Buena Park, CA US 1943 North Charleston, SC US 1766 Cleveland, OH US 1627 Bakersfield, CA US 1597 La Vale, MD US 1569 Apple Valley, CA US 1563 Summerville, SC US 1418 Charleston, WV US 1416 Blacksburg, VA US 1363 Lima, OH US 1265 Orange, CA US 1231 Palmdale, CA US 1220 Mount Hope, WV US 1219 Vancouver, WA US 1154 Chico, CA US 1068 Springfield, IL US 1046 Yuba City, CA US 974 Huntington Beach, CA US 941 Montclair, CA US 935 Sandusky, OH US 888 Grand Rapids, MI US 886 Portland, OR US 884 Normal, IL US 877 Kennewick, WA US 857 East Peoria, IL US 786 Hilliard, OH US 781 Macomb, IL US 750 Salem, OR US 728 Rancho Cucamonga, CA US 705 West Covina, CA US 704 Springfield, OR US 687 Forsyth, IL US 684 Bridgeport, WV US 664 Wilmington, OH US 647 Greenville, OH US 646 Sterling, IL US 632 Burbank, CA US 632 Mira Loma, CA US 622 Galesburg, IL US 615 Springfield, OH US 615 Buckhannon, WV US 614 Lyndhurst, OH US 602 Union Gap, WA US 594 Medford, OR US 579 Brea, CA US 543 Aliso Viejo, CA US 534 Peru, IL US 529 Saint Marys, OH US 526 Corvallis, OR US 513 Lafayette, LA US 512 Chino Hills, CA US 471 Pasadena, CA US 463 Canyon Country, CA US 445 Bloomington, IL US 444 Charlotte, NC US 432 Burlington, IA US 417 Glendale, CA US 414 Effingham, IL US 411 Mission Viejo, CA US 411 Quincy, IL US 409 Mattoon, IL US 409 Peoria, IL US 390 Champaign, IL US 379 Savoy, IL US 374 Aurora, OH US 368 Denver, CO US 332 Fargo, ND US 319 Jackson, MI US 312 Colorado Springs, CO US 297 Aventura, FL US 296 Midland, MI US 294 Beaverton, OR US 280 San Antonio, TX US 275 Moorhead, MN US 266 Secaucus, NJ US 255 Bluffton, SC US 239 Brownsville, TX US 223 Dallas, TX US 219 Orlando, FL US 219 Hillsboro, OR US 215 Petaluma, CA US 214 Fairfield, CA US 206 Atlanta, GA US 206 Tri-Cities, TN US 204 Riverside, CA US 203 Canton, MI US 200 Bay City, MI US 192 Saint Clair Shores, MI US 189 Tualatin, OR US 183 Wood Village, OR US 183 Portsmouth, NH US 181 Bismarck, ND US 178 Bangor, ME US 178 Virginia Beach, VA US 174 Spokane Valley, WA US 168 Guelph, ON CA 167 Memphis, TN US 164 Hampton, VA US 160 Columbia, SC US 159 Vacaville, CA US 157 Dublin, CA US 156 Houston, TX US 154 Hamburg, NY US 153 Capitol Heights, MD US 152 Chattanooga, TN US 148 Big Rapids, MI US 147 Woodhaven, MI US 142 West Melbourne, FL US 142 Macon, GA US 140 Chicago, IL US 136 Saint Augustine, FL US 134 Defiance, OH US 132 Saugus, MA US 129 Holland, MI US 129 Homestead, FL US 128 Daytona Beach, FL US 122 Norfolk, NE US 122 Albuquerque, NM US 117 Ontario CA 116 Moorestown, NJ US 112 Providence, RI US 108 Idaho Falls, ID US 108 North Smithfield, RI US 108 Sevierville, TN US 107 Moline, IL US 107 South Florida, FL US 106 Sioux Falls, SD US 106 Seekonk, MA US 106 San Ramon, CA US 106 Scottsdale, AZ US 104 Jacksonville, FL US 99 Terre Haute, IN US 98 Dallas-Fort Worth, TX US 97 Madison, WI US 96 Barrie, ON CA 95 Twin Falls, ID US 94 Corona, CA US 93 Chambersburg, PA US 91 Des Moines, IA US 91 La Crosse, WI US 89 West Mifflin, PA US 89 Calgary, AB CA 88 Fort Dodge, IA US 88 Pembroke Pines, FL US 88 Inglewood, CA US 87 Scranton, PA US 86 Salisbury, NC US 85 Indianapolis, IN US 85 Oakville, ON CA 83 Langhorne, PA US 82 Fort Worth, TX US 82 Wyoming, MI US 82 Clovis, NM US 80 Phoenix, AZ US 79 Lakewood, CA US 79 Hixson, TN US 78 Centerville, GA US 78 Raleigh, NC US 77 Kenosha, WI US 77 Iowa City, IA US 77 Tucson, AZ US 77 Waterford, MI US 76 Ankeny, IA US 72 East Lansing, MI US 71 Warwick, RI US 71 Cedar Falls, IA US 71 Shelby, MI US 71 Grand Chute, WI US 69 Sioux City, IA US 69 Holly Springs, NC US 68Tier 1 Tier 2 Tier 3 Tier 4 Tier 5 Tier 6
We tier jobs into groups ranked by market challenge Traders optimize group campaigns by analyzing market dynamics
Job Economics
No Traffic, high alert! Hard-to-fill, high focus. Some hard-to- fills; traffic is up and down. Smooth sailing, no Ad $. Might need advertising help, watch list. Skill/Expertise scarcity Population shortages Geographic limitations Skill/Expertise abundance Population volume Geographically desirable Tier 1 Tier 2 Tier 3 Tier 4 Tier 5 Tier 6
We tier jobs into groups ranked by market challenge Traders optimize group campaigns by analyzing market dynamics
Invest Wiser
AppFeeder team sets volume and budget limits (rules) that STOP spending on jobs that reach their target.
Wasted Spend
Proactive Decision Making (Every Day)
Traditional Approach Programmatic Approach
SAME SPEND
Title Expansion
Capture More Search Behaviors
Registered Nurse LPN
RN Licensed Nurse Emergency Room Nurse Nurse Licensed Practical Nurse Practical Nurse LPN – Licensed Practical Nurse LVN
Optimization Frequency
Traditional Approach Programmatic Approach
SAME SPEND
1-time per month
Programmatic Approach
Automated Cascading Campaigns Using Real-Time Data Campaign Completed Applies Bid/Budget Strategy Notes
Registered Nurse 5 or more Conservative $0.30 - $0.50 Jobs un-sponsor once 10 completed apply cap is reached. Note: Organic listings remain live Registered Nurse LOW Applies
4 or less
Aggressive $0.50 - $0.80 Registered Nurse ZERO Applies
0 after 3 days
Very Aggressive $0.80 - $1.50 Title Expansions Jobs un-sponsor when they spend $150 and still have not generated one apply Additional tactics will be researched
Programmatic Approach
Automated Cascading Campaigns Using Real-Time Data Campaign Completed Applies Bid/Budget Strategy Notes
Registered Nurse 5 or more Conservative $0.30 - $0.50 Jobs un-sponsor once 10 completed apply cap is reached. Note: Organic listings remain live Registered Nurse LOW Applies
4 or less
Aggressive $0.50 - $0.80 Registered Nurse ZERO Applies
0 after 3 days
Very Aggressive $0.80 - $1.50 Title Expansions Jobs un-sponsor when they spend $150 and still have not generated one apply Additional tactics will be researched
Programmatic Approach
Automated Cascading Campaigns Using Real-Time Data Campaign Completed Applies Bid/Budget Strategy Notes
Registered Nurse 5 or more Conservative $0.30 - $0.50 Jobs un-sponsor once 10 completed apply cap is reached. Note: Organic listings remain live Registered Nurse LOW Applies
4 or less
Aggressive $0.50 - $0.80 Registered Nurse ZERO Applies
0 after 3 days
Very Aggressive $0.80 - $1.50 Title Expansions Jobs un-sponsor when they spend $150 and still have not generated one apply Additional tactics will be researched
Data-Based Discoveries
Job Titles: Short vs. Long
Word Count CTR CPA Three 6.2% $8.70 Five 5.1% $10.70 Seven 2.0% $21.48
2.5x
Misspellings
Clicks Applies CTR CPA Clinical Pharmacy Technician 1 1,085 61 5.6% $8.02 Clinical Pharmacy Technician- 13 191 4 2.1% $21.78
Typos cost you 3x MORE than what you should have spent
Call Center
Month Applications CPC CPA C2A 18-Jan 1,133 $0.62 $66.67 0.93% 18-Feb 1,256 $0.59 $51.75 1.14% 18-Mar 1,311 $0.55 $51.89 1.06% 18-Apr 1,569 $0.62 $44.60 1.39% 18-May 2,936 $0.59 $25.54 2.31% 18-Jun 3,225 $0.70 $23.26 3.01% 18-Jul 3,873 $0.64 $19.75 3.24% 18-Aug 3,905 $0.58 $19.46 2.98% 18-Sep 4,738 $0.61 $17.94 3.40% 18-Oct 3,847 $0.59 $22.10 2.67% 18-Nov 3,108 $0.65 $19.66 4.12% 18-Dec 2,472 $0.73 $14.84 4.38%
Avg. 2.55%
Avg. 3.26% 17%
369%
Call Center
Month Applications CPC CPA C2A 18-Jan 1,133 $0.62 $66.67 0.93% 18-Feb 1,256 $0.59 $51.75 1.14% 18-Mar 1,311 $0.55 $51.89 1.06% 18-Apr 1,569 $0.62 $44.60 1.39% 18-May 2,936 $0.59 $25.54 2.31% 18-Jun 3,225 $0.70 $23.26 3.01% 18-Jul 3,873 $0.64 $19.75 3.24% 18-Aug 3,905 $0.58 $19.46 2.98% 18-Sep 4,738 $0.61 $17.94 3.40% 18-Oct 3,847 $0.59 $22.10 2.67% 18-Nov 3,108 $0.65 $19.66 4.12% 18-Dec 2,472 $0.73 $14.84 4.38%
Avg. 2.55%
Avg. 3.26% 17%
369%
Call Center
Month Applications CPC CPA C2A 18-Jan 1,133 $0.62 $66.67 0.93% 18-Feb 1,256 $0.59 $51.75 1.14% 18-Mar 1,311 $0.55 $51.89 1.06% 18-Apr 1,569 $0.62 $44.60 1.39% 18-May 2,936 $0.59 $25.54 2.31% 18-Jun 3,225 $0.70 $23.26 3.01% 18-Jul 3,873 $0.64 $19.75 3.24% 18-Aug 3,905 $0.58 $19.46 2.98% 18-Sep 4,738 $0.61 $17.94 3.40% 18-Oct 3,847 $0.59 $22.10 2.67% 18-Nov 3,108 $0.65 $19.66 4.12% 18-Dec 2,472 $0.73 $14.84 4.38%
Avg. 2.55%
Avg. 3.26% 17%
369%
Call Center
Month Applications CPC CPA C2A 18-Jan 1,133 $0.62 $66.67 0.93% 18-Feb 1,256 $0.59 $51.75 1.14% 18-Mar 1,311 $0.55 $51.89 1.06% 18-Apr 1,569 $0.62 $44.60 1.39% 18-May 2,936 $0.59 $25.54 2.31% 18-Jun 3,225 $0.70 $23.26 3.01% 18-Jul 3,873 $0.64 $19.75 3.24% 18-Aug 3,905 $0.58 $19.46 2.98% 18-Sep 4,738 $0.61 $17.94 3.40% 18-Oct 3,847 $0.59 $22.10 2.67% 18-Nov 3,108 $0.65 $19.66 4.12% 18-Dec 2,472 $0.73 $14.84 4.38%
Avg. 2.55%
Avg. 3.26% 17%
369%
Call Center
Month Applications CPC CPA C2A 18-Jan 1,133 $0.62 $66.67 0.93% 18-Feb 1,256 $0.59 $51.75 1.14% 18-Mar 1,311 $0.55 $51.89 1.06% 18-Apr 1,569 $0.62 $44.60 1.39% 18-May 2,936 $0.59 $25.54 2.31% 18-Jun 3,225 $0.70 $23.26 3.01% 18-Jul 3,873 $0.64 $19.75 3.24% 18-Aug 3,905 $0.58 $19.46 2.98% 18-Sep 4,738 $0.61 $17.94 3.40% 18-Oct 3,847 $0.59 $22.10 2.67% 18-Nov 3,108 $0.65 $19.66 4.12% 18-Dec 2,472 $0.73 $14.84 4.38%
Avg. 2.55%
Avg. 3.26% 17%
369%
AV G . A P P LY C O N V E R S I O N
2.55%
AV G . A P P LY C O N V E R S I O N
3.26%
Maintaining a higher conversion rate saved $246,000 in one year.
BAYARDAD.COM