4. Talent Aquisition

 


Introduction

Definition

"Talent acquisition is a stratergy used in recruitment which fouces on finding, attracting, hiring, retaining, growing the top talents within an organization" (Andreev,2022).

The main objective of talent acquisition procedure is growing the talent pool of the organization for the success.

Talent Acquisition Process 

 Talent acquisition process usually involves the following steps;

  • Job analysis - Determination of the requirments of the position, qualifications and responsibilities.
  • Sourcing - Actively search for qualified candidates in deferent platforms.
  • Screeening - Review the applications and shortlist candidates who meet the requirments.
  • Interviewing - Conduct multiple interviews to review the skills, attributes and the cultural fit of the applicants.
  • Selection - Selecting the most suitable candidates by using the understanding of interviews.
  • Offer - Extend the job offer to the chosen candidate including job description, job title, compensation and starting date.
  • Onboarding - Conduct the orentation process in order to intergrate the new hire to the organization (IBM, 2024).

Talent Acquisition Funnel





Talent Acquisition Best Practices 

  • Build a strong employer brand.
  • Aligning talent aquisition process with the business goals.
  • Using technology to attract new talent such as promotions on social media.
  • Offer flexible work options.
  • Work on workforce planning and forecasting.
  • Expand ypur outreach stratergies (AIHR, 2024).


Talent Acquisition vs Recruitment

Eventhough talent acquisition and recruitment is considered as two sides of the same coin, they are two different terms in human resource management. Talent aquisition is a much broader construct than recruitment process. Basically recruitment is a part of talent acquisition.

  • Recruitment focuses on recruiting people into open position every here and now. As long as the candiate demonstrate the ability to meet the currently defined need of the organization, the recruitment process is complete.

  • Talent acquisition is focusing on having right people lined up to fill the open positions now or even in the future. They will subsequently groom for bigger and better roles within the organization ( Andreev, 2022).

Telent Acquisition vs Recruitment


Skills needed in talent acquisition team

  • Avtive listening.
  • Clear communication.
  • Technology aptitude.
  • Data literacy.
  • Networking and relationship building.
  • Time management.
  • Resillieance.

Talent Acquisition Team



Conclusion

Although there may be a sufficient pool of candidates, it can be challenging to find top talent for unfilled positions. It's also quite difficult to compete for that top talent unless your organization is among the elite in your niche. Whether you choose to hire top talent from within or outside the company, you must plan your strategy. Furthermore, this does not always include paying potential hires more to entice them to work for your company.

Strategic talent acquisition is a cornerstone of the plans of astute businesses and leaders, catering to present and future business requirements. Understanding the ―gaps‖ in relation to the skill sets required to achieve present and future performance needs is crucial before adding personnel or merely filling a vacancy. If not, you are only adding individuals who might or might not help the organization succeed. Managers can carry out a strategy to obtain the necessary skills and talent once a gap analysis has been completed and they have a clear understanding of their staffing needs, including the availability of talent.






References

1. Tripathy, S. 2014. Talent acquisition a key factor to overcome new age challenges and opportunities for human resource management.

2. IBM, 2024. [Online] What is talent acquisition. Available at : https://www.ibm.com/topics/talent-acquisition. Accessed [10.04.2024].

3. AIHR, 2024. [Online] Talent acquisition the ultimate guide. Available at : https://www.aihr.com/blog/talent-acquisition/#Why. Accessed [10.04.2024].

4. Andreev, I. 2022. [Online] Talent Aquisition. Available at : https://www.valamis.com/hub/talent-acquisition#talent-acquisition-importance. Accessed [10.04.2024].














Comments

  1. Shehan Priyashantha14 April 2024 at 05:36

    Very important current topic and you have delivered an exceptional knowledge here

    ReplyDelete
  2. Palitha Samaranayake 14 April 2024 at 19:22

    Effective post to the present context, a company's aims are taken into account during the talent acquisition process, which also takes time to identify the ideal individual for the position.

    ReplyDelete
  3. Laurena Cottling14 April 2024 at 20:53

    A very important topic in today's context. A well structured and written.

    ReplyDelete
  4. Prabodha14 April 2024 at 22:20

    Talent acquisition involves attracting, identifying, assessing, and hiring individuals with the skills and qualities necessary to fulfill specific roles within an organization's workforce.

    ReplyDelete
  5. Gayan16 April 2024 at 20:46

    Good explanation

    ReplyDelete
  6. Gayan16 April 2024 at 20:47

    Good explanation

    ReplyDelete

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