#HRmust-know: Discover 3 Best Practices for Talent Acquisition
October 26, 2021
Talent acquisition is described as a continuous HR activity to attract qualified people in accordance with a company's larger business goals. It is the process of locating, attracting, and acquiring competent individuals in order to meet corporate goals. Discover the definition and best practices for attracting talent.
Definition of Talent Acquisition
Although recruitment has historically been focused on filling up vacant positions, talent acquisition gives a broader picture of identifying the right people. Without the right people, a company may struggle with low production, poor decision-making and uninspired employees, which might hinder a business’s ability to compete in a competitive market.
Furthermore, talent acquisition is a long-term strategy. Instead of just recruiting a candidate to fill a current position, a talent acquisition team considers what the potential employee career path might look like within the business. This ensures a high rate of staff retention and a low rate of unsuccessful employment, saving companies’ money and effort.
Best Practices for Talent Acquisition
According to Academy to Innovate HR (AIHR), these best practices are key talent acquisition of your strategy:
The reputation of the company
One of the most essential success factors in a talent acquisition plan is a good employer reputation, as it aids in attracting top talents. Furthermore, a company that has a high reputation will make its employees feel more proud to be a part of the organization, helping to increase employee satisfaction.
The result-driven structure of talent acquisition
A clear structure in your talent acquisition approach is critical in identifying pain points at each stage of the recruitment and determining how each phase might be made more business-oriented. As the management of any company always wants to know what values each stage of talent acquisition can contribute to the company and the overall impact of good talent acquisition strategies, a clear structure that aims at producing concrete outcomes is the way to go for people in charge of talent acquisition.
Planning & prediction of the workforce
Employee planning is essential to a successful strategy to acquire talent. Some steps can be done to plan the workforce are to keep yourself updated with trends of the labor market and have frequent discussions with managers within your organization. The two assignments will give you advantages in predicting the future of employment situations and what steps you need to do to recruit the appropriate talents at the right moment.
All of these above talent acquisition tips are crucial in developing an efficient talent acquisition function. The goal here is to elevate your talent acquisition skills, as well as the other sub-parts of this process that we discussed previously, to the point where they can assist in driving business objectives.
Last but not least, there will come a time when you need experts’ advice and recruitment services from vendors could be an option. The process is known as Recruitment Process Outsourcing which means you outsource parts or all of the recruitment process to an external party.
No matter what recruitment service you choose, remember that the concept and the best practices in talent acquisition are specific to your company and may be tailored to meet its specific requirements. With efficiency-driven HR outsourcing solutions which save time, save money, boost employee productivity, retain talent and remain compliant, Talentnet can help you discover the optimal talent acquisition strategy for your organization. Please leave us a message to learn more.