Talent acquisition has never been fiercer with advanced organizations coming to recognize “talent” as a critical element of growth. With the increasing skill shortages and low employment rates, the talent acquisition process has become harder. Seventy percent of respondents to the Global Human Capital Trends 2019 survey done by Deloitte cited recruitment as an important issue, and 16 percent said it was one of the three most urgent issues their organization would face in 2019.
Winning the war for talent for organizations today calls for more than conventional approaches of recruitment. Today, it’s nearly impossible to operate a scalable recruitment function without a variety of tools for job placement, advertising, candidate relationship management, pre-hire screening, assessment, scheduling, and onboarding. Each of these processes are complex and almost all are being reinvented with AI. While the recruiter is still central to all great recruiting, companies now realize that without a strong technology infrastructure, they can’t scale or measure their results. As the economy slows and technology continues to mature, it’s important for TA teams to stay current on the tools market and make sure they select vendors that have proven solutions that scale to their needs.
Experts say companies that make more informed decisions about hiring, skilling and retaining talent will be the ones that survive the future of work. But how do organizations go about it? Plus, in a candidate-driven market right now, with candidates having multiple offers to choose from, how would companies reinforce that their employees are committed and engaged?
The cover story delves deep into strategies organizations follow to hire and retain best talent, how they plan to harness technology to reinvent recruitment and hiring, aspects of talent acquisition they plan to improve in the coming year, and the hiring challenges HR organizations face.
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