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Recruitment & Talent Acquisition

Plant HR/IR - keeps employees engaged, happy & productive.
29 de Mar de 2020
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Recruitment & Talent Acquisition

  1. Recruitment  Recruitment refers to the process of identifying and attracting job seekers so as build a pool of qualified job applicants. The process comprises five related stages, viz (a) planning, (b) strategy development, (c) searching, (d) screening, (e) evaluation and control.
  2. Process of Recruitment  Recruitment Planning  The first stage in the recruitment process is planning. Planning involves the translation of likely job vacancies and information about the nature of these jobs into a set of objectives or targets that specify (a) number, and (b) type of applicants to be contacted.  Strategy Development: Once it is Clear how many and what type of recruits are required, serious consideration needs to be given to (a) make or ‘buy’ employees; (b) technological sophistication of recruitment and selection devices : (methods of sources of recruitment) (c) geographic distribution of labor markets comprising job seekers; (d) sources of recruitment (e) (e) sequencing the activities in the recruitment process.
  3. Methods of sources of recruitment (a) Internal : Internal recruitment seeks applications for positions from those who are currently employed. Internal sources include present employees, employee referrals, former employees and former applicants (b) (b) External : Advertisements, employment exchanges, college/university/institute placement services, walk-ins and write-ins, consultants, contractors, displaced persons, radio and television, competitors & Social Media Platform.
  4. Searching  Once a recruiting plan and strategy are worked out.Search process begin.  Search involves two steps  (i) source activation : Issuance of an employee requisition. This means that no actual recruiting takes place until line managers have verified that a vacancy does exist or will exist.  (ii) selling : Communications. Challenge is to communicate to attract desirable applicants but on the other hand companies resist the temptation of overselling their virtues.
  5. Screening  Screening is first step in the selection process. The selection process will begin after the applications have been scrutinized and shortlisted.  The purpose of screening is to remove from the recruitment process, at an early stage, those applicants who are visibly unqualified for the job.  In screening, clear job specifications are invaluable.
  6. Evaluation and Control It is about costs incurred in the recruitment process. The costs generally incurred are: 1. Salaries for recruiters 2. Management /Professional time spent on preparing JD/JS , advertisements, agency liaison, etc. 3. Cost of advertisements or other recruitment methods, that is, agency fees. 4. Recruitment overheads and administrative expenses. 5. Costs of overtime and outsourcing while the vacancies remain unfilled. 6. Cost of recruiting suitable candidates for the selection process. Evaluation of Recruitment Process : Quality candidate in right number 1. Return rate of applications sent out. 2. Number of suitable candidates for selection. 3. Retention and performance of the candidates selected. 4. Cost of the recruitment process. 5. Time lapsed data.
  7. What is Talent Acquisition ?  Process of , Identifying, acquiring, assessing, and hiring candidates to fill open positions within a company. Talent Acquisition Policies :  To build a Strong Employer Brand : An employer brand is a reflection of your company culture, the values, and ethics your propagate, the work-life balance you offer and the impression you leave on the globe  To boost Collaboration Among Hiring Teams : Active & Timely suggestions from hiring managers, ensure that right job descriptions is in place to target the right channels and land more qualified candidates into the hiring funnel with better odds of selection and retention.  To leverage Recruitment Technology :  To Embrace the Power of AI : Recruitment teams must use a structured interview process where they can source, screen, and interview candidates all from a single dashboard with smart data analytics.  To Identify Candidate Challenges : it is very essential to have two-way communication at every stage of the hiring funnel where a candidate must receive honest answers about their questions regarding the job
  8. Types of recruitment  Employer Branding. Attracting talent by working on your reputation and brand recognition as an employer. ...  Publication.  Databases.  Internal Recruitment.  Employee Referral.  Promotion.  Events.  Internships.
  9. Talent Acquisition Process  Forecasting : Important step is to take stock of your existing strength and annual open position ( example : don’t simply project the roles you will need to fill, where your organization intends to expand, etc.)  It is important to always refer past experience while filling have proven difficult to fill (e.g. because there are fewer qualified candidates, the interview process requires a longer timeline, etc.) make sure your forecast accounts for such difficulties to ensure that all of your projected available roles are filled in an appropriate amount of time.  Build a high-quality pipeline: It is essential to have processes in place to generate and identify high- quality candidates  Work Collaboratively: Collaboration is the key . Be sure to collaborate with Business, HR and other relevant teams throughout the talent acquisition process.  Do not rush the process: Effective talent acquisition requires ample time. Do not rush the interview process, cut corners in identifying candidates, or anything else to save time at the expense of the acquisition process. By investing heavily in ensuring you source and hire the best talent, you will save your organization far more resources in the long run.
  10. 7 Biggest Recruitment Challenges faced by Modern Recruiters  Failure to attract talented candidates. ...  Lack of understanding between the recruiters and hiring manager. ...  Retaining Millennials in the workforce for a longer period of time. ...  Inability in using data effectively. ...  Difficulty in balancing the speed of hire with quality of hire. ...  Lack of efficiency during the recruitment process.
  11. Talent Acquisition Process  Recruiting and attracting top candidates  Interview and Assessment  Evaluating references  Selecting the best candidate(s)  Hiring and Onboarding
  12. Role of TA  Responsible for developing employer branding  communicating that brand to potential candidates. Branding should clearly give candidates an understanding of your company culture, its reputation, key differentiators between competitors, and its products and services.  manage candidate life cycle, from the initial application through the final job offer.  Partnering & collaboration with HM (Hiring manager) in terms of clear communication and goal alignment.
  13. Talent Acquisition vs. Recruitment  Recruitment & TA both share the same objective of hiring people to fill open positions.  Talent acquisition is an ongoing strategy to find specialists, leaders, or future executives for your company.  Talent acquisition tends to focus on long-term human resources planning and finding appropriate candidates for positions that require a very specific skillset  Employer branding, future resource planning, diversifying a company’s labor force, and developing a robust candidate pipeline are the cornerstones of talent acquisition.  In short, recruiters fill vacancies.  TA : “is more focused on the strategic side of tougher positions to fill.”
  14. Roadblocks to Effective Talent Acquisition  Although they are too many to name and scattered, recruiters say dynamic skill sets changing at lightning speed and candidates walking out with multiple job offers for a given requisition are a tough nut to track

Notas del editor

  1. It’s an ongoing process and gets better over time. All you have to do is get people to vouch for your organization and for that to happen; Eric also suggests boosting company profile organically on sites such as Glassdoor and Linkedin.
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