Talent acquisition is the procedure in identifying and evaluating the best talent resources in the context running a business goals and executing the strategy by recruiting, assessing and onboarding candidates. It is usually a function of the HR section working in close collaboration with talent acquisition specialists.
Importance of talent acquisition is due to the massive competition arising as finding and hiring the right candidate is important for every business plan. Without the best and talented workforce, it is difficult for a organization to increase their productivity with reduced cost.
Talent Acquisition vs. Recruitment:
The largest part of talent acquisition is recruitment, and some businesses and vendors use the phrase interchangeably. There are significant variations between talent acquisition and recruitment, despite the fact that both have the same overall objective of filling unfilled positions. The major difference is that talent acquisition mostly focuses on the future whereas recruitment primarily focuses on the now.
While talent acquisition provides greater thought to the company’s objectives and takes the time to discover the applicant that best meets the business needs, recruitment is more focused on swiftly filling a vacant job. Talent acquisition teams examine the existing abilities of potential workers as well as their potential for future development and position within the company culture to get this larger picture.
Ensure a successful talent acquisition strategy with:
- Make job descriptions as detailed as possible.
- Create a strong brand.
- Expand company outreach.
- Use data analytics
Summary
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