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Enhancing your executive hiring strategy In house Recruitment Network

6 April 2017. Enhancing your executive hiring strategy In house Recruitment Network. Rebecca Foden & Charlotte Lamping. The Agenda. What we’re about... Building the business case for an in house function What does good look like ? Our journey Our success. Each day:. £11 bn. 30.

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Enhancing your executive hiring strategy In house Recruitment Network

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  1. 6 April 2017 Enhancing your executive hiring strategy In house Recruitment Network Rebecca Foden & Charlotte Lamping

  2. The Agenda What we’re about... Building the business case for an in house function What does good look like? Our journey Our success

  3. Each day: £11bn 30 £2.8bn savings over five years 10m by 2030 Turnover Million journeys 18 million road trips 6.5 m bus passengers 27, 000 cycle hire trips 27, 000 river trips 227 We licence 25, 000 Taxi driver and 100, 000 private Hire drivers bridges . . Harnessing tech to improve journeys Creating attractive and iconic spaces Silvertown tunnel Transform 500 Open Oxford Street for pedestrians Apps using TfL data Elizabeth Line spaces Crossrail 2 Housing and regeneration 10, 000 50% affordable

  4. The case for managing search activity Flexibility Provide external benchmarking, Get the basics right Generate some early wins! Overseeall search activity Zero hiring of diversity ! 100% retained search High retained search costs Poor cycle times Failed searches Collective wisdom You’ve graduated!

  5. World class – building an in-house function TfL is a member of ESIX HR Recruitment Hub Times Warner A best in class example INDUSTRY AVERAGES TIME TO FILL OF 90 DAYS PROVIDE OVERSIGHT OF SEARCH TO LEADERSHIP 3 CANDIDATES PER OFFER USE METRICS & INFORMATION • In-house oversight of searches can... • Reduce failure rate • Improve time to fill • Contribute savings APPLY A CONSISTENT PROCESS SELECT SEARCH FIRMS BASED ON PERFORMANCE GET GREAT VALUE FROM PROVIDERS BUILD INTERNAL EXPERTISE FOR ASSESSING TALENT

  6. Our Journey – a glance back CURRENT STATE A centralised yet distinct recruitment service and a true strategic business partner. Aligned approach with top level business strategy Demonstrated capability Built internal advocacy Tested supplier performance NOVEMBER 2014 Part of the wider BAU recruitment team Value Cost saving of £1.5m Diversity 38% on shortlist Oversight 90% of roles sourced in-house ! Ownership of senior level roles (such as Chief Procurement Officer / Director of D&I). Continuous improvement Diversity Value Oversight

  7. The vision LEADERSHIP TOP 10 INTRODUCE PIPELINING Talent Pipelining and integrate out internal and external candidate streams. CONTINUE WITH.... Hire top leadership talent for the business with a focus on speed of delivery, customer satisfaction, and cost efficiency. MAXIMISING POTENTIAL . INFORMATION & COMMS RELATIONSHIPS MARKET MAPPING THE DIVERSITY PIPELINE 30% Crazy 30% Close MAYORAL PLAN Value for money, commercial capability, excellent service, and a city for all Londoners. 30% Core CANDIDATE 33:33:33 MANAGE & OVERSEE IMPLEMENT CRM ASSESSMENT TOOLS UPSKILLING IMPROVE TOOLS & SERVICE

  8. TfL’s success Corporate Executive Recruiting by Maslow... CREDIBLE: DIRECTOR LEVEL HIRING Board / CEO hiring & succession Market info before making decisions CAPABILITY ● CONTRIBUTION ● COMMERCIALITY ● CREDIBILITY CONTRIBUTION AND COMMERCIAL ? Integrate with succession planning & talent management Create pipelines & Communities Strategic leadership reporting Define talent gaps (not roles) CAPABILITY MEASURED BY REPEAT BUSINESS & PROMOTION VELOCITY Cost awareness Activity reporting High-touch candidate experience Excellent client service Confidentiality and trust

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