Talent Acquisition
Talent Acquisition
Week 4
Answer the
questions below
• What are the key differences
between Talent Acquisition and
Recruitment?
• Is talent management more
beneficial than recruitment?
Argue your point.
What is Talent Acquisition?
Finding and hiring the right people is a critical component of any organization's
business plan, and it directly affects the company's future success.
As a result, talent acquisition ensures that the organisation hires people who
have the potential to become managers and senior executives within the
organisation.
Thus, talent acquisition becomes less concerned with filling open positions and
more concerned with developing a long-term strategic plan for future job
openings.
What is the significance of
talent acquisition?
• An effective talent acquisition strategy also reduces risk
throughout the organisation by lowering the likelihood of
an unsuccessful hire. This, in turn, saves time and money
that would otherwise be spent on training inexperienced
employees, while also increasing productivity.
Talent Acquisition Process
• The main distinction is that recruitment focuses on the present moment within the
company, whereas talent acquisition focuses on the company's future.
• Metrics and data analytics are used in talent acquisition to improve the recruiting
process and make better, more informed hiring decisions.
• Teams must understand the various roles and segments within a company, as well
as the skills and experiences required to succeed in each. These particulars are less
important in recruiting.
• Talent acquisition spends more time determining the best places to look for talent
for specific jobs and then developing relationships with people in each of these
areas. Recruiting is more likely to use a general-purpose job search site and spends
less time managing relationships with potential or previous candidates.
When it is necessary to recruit
And, when a job needs to be filled quickly, Makes sure that applicants are very clear on what Instead of focusing on past experience and future
unexpected openings are unavoidable and part of the job entails job duties, job postings should also focus on the
doing business. outcomes the company expects in the first year on
the job.
Importance of a TA strategy
Component of TA strategy: