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Top 10 in 2006 (V5)
(December 21, 2006)
This year, Hank Stringer got a new job.
Following in Kevin Wheeler's footsteps, Hank joined the Global Talent
Ambassadors Club. Nowadays, when he's not helping Russian entrepreneurs to
realize the value of their working compatriots, he is shepherding the evolution
Hank has become a key part of the senior leadership
of the industry by taking a shot at all of the major roles. He's been a
recruiter (inside and outside), a CEO of a startup (Hire.com, now part of
Authoria) and has talked to every
imaginable sort of customer, vendor, consultant and networker. Here are Hank's
Top 10 events and trends for 2006:
started in 05,
needed to happen and continued in 06 with activity like the
Kenexa acquisition of Brassring. Ours is a fragmented and busy
space. We are still looking for the big breakout leader in our $65b +
The Big Question -
Where's the market leader?
The reaction to the
explosion in size of the WWW has caused desperate attempts to find jobs
and candidates as evidenced by the proliferation of niche job boards,
RPOs, but mostly, frustrated users. Where is the
Match.com, etc. of the online
recruiting space? The Big event of the year is the non-event. Some
think we should have figured out by now how to drive great results and
experience for recruiters and candidates and still make money. Instead
we develop models to collect viewers to support advertising models.
Maybe next year…
Global ERE Expo 2006 opens in Amsterdam and
OnRec Expo 2006 brings their UK Conference to NYC. Our friend
Kevin Wheeler has agreed to expand his road show in Australasia. And
Hank and Rusty show just returned from a day long session on
Talent Management in Moscow and have been asked to present in
Estonia and India in '07. We've known the competition for great talent
is global and now know the best strategies are sought the world over.
Watch for execution in 07.
technical degrees on the decline in the U.S
A scary revelation. CEOs are waking to the fact that without the right
talent work does not get done. The good news comes from the
Historically Black Colleges and Universities that show a 9% increase
in tech grads in '06. Until all US Universities, business and government
face the problem of declining tech grads we will continue to expand
outsourcing. India and Russia combined, for example graduate close to
450k technical students a year.
HR Leader tapped for
Rusty Rueff, former Sr. VP HR Electronic Arts was heavily recruited
SNOCAP as CEO. A sign that Boards seek operation skills and may be
beginning to value Talent Management skills. Will we see more in 07?
(Full disclosure: Rusty is a close friend…and we published a
book together in '06)
More Executives from Operations Management, particularly marketing are
assuming Talent Leaderships roles. Check out
Dan Smith at Borders, an ex marketing executive helping to execute
some very interesting long term talent strategies. Overall the trend in
06 solidified the need for well rounded Talent Management Leadership
with the capability to excel while wearing many hats. It is no longer a
world of HR generalist.
Dell sends their
Our friends at
Dell have had a tough couple of years, however some of their
recruitment leadership like Jim Cochrun are shaking things up. Earlier
this year he sent his recruiters home where they could work on sourcing
and recruiting candidates and not sit in cubicles answering HR
administrivia questions. This
Best Buy culture meets corporate recruitment. We love disruptive
models focused on the right results. Watch
Dell as talent acquisition is the strategic factor to any
organizations success. And expect more corporate recruitment teams to
Year of the boutique
The Empower Network, and
Talent Fusion and are just a few of the
RPOs around the country that made huge market gains. Their mix of
technology and unbundled service delivery should be carefully noted as
they may well become the talent delivery models of the future.
End of the year
If it looks like,
smells like….it is. Talent is scarce and has become more
expensive. The tipping point in occurred sometime in 06, probably
earlier in the year for the coasts and this fall for the Midwest and
south, but it has hit. Be prepared to realign those budgets for 07 if
you have not already. Talent acquisition and management requires
Lastly, the big suck
celebrates 11 years writing on the Talent space. We don't always agree,
but you got to give props to a guy who has found something interesting
about our market everyday for the past 11 years. We appreciate your wit,
intelligence, sarcasm and alacrity - Good job John!
The series so far:
2006 in Review
John Sumser © TwoColorHat. All Rights Reserved.
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