The ‘human element,’ often considered as the most significant business resource, holds up to nearly 70 percent of an organization’s productivity and concluding output. Even though the technology is the front-and-center in the modern corporate platform today, human resource forms the fundamental base that possesses the power to make or break the reputation of an organization. This is precisely why the concept of talent acquisition engrosses so much value in the 21st-century business arena.
Talent acquisition is basically about hiring and retaining a proper talent pool that can help a business organization identify and accomplish its long-term business goals. Many types of research and surveys performed on the vital facets and factors for organizational growth have revealed that talent acquisition is indeed a critical element in success. Daniel Pink’s renowned edition, ‘The Surprising Truth About What Motivates Us,’ also speaks about the same justification, setting a new dimension to an organization’ talent screening, selection, and retention.
Business experts state that in order to avoid employee attrition, it is crucial that organizations enhance and refine their hiring and talent acquisition procedure in the first place. Irrespective of how much heed is paid to the enhancement of products and services, without the right human expertise, businesses often fail to attract and retain quality clientele. Talent acquisition is hence of utmost importance, and equally vital is having an effective talent acquisition strategy in place. So, in this article today, let us have a look at the key elements that go into devising a highly effective talent acquisition strategy.
- Organizing staff planning
This is one of the basic rules of talent acquisition that needs to be followed to set your strategies on the road of success. Making succession planning a facet of your enterprise’s strategic business plan will help you gain deep insights into your employees’ comfort, choice, and preferences. This will help you a long way in accelerating the process of talent acquisition.
- Building the employer brand
If you are an organization looking to hire some talented minds to work for you, creating a career site that explains what it is like to be a part of your organization and work process rather than mere job listings will go a long way in attracting skilled and suitable talents.
- Extending professional development opportunities
This element involves looking for talents who are an internal resource. Existing employees in any organization significantly value professional development opportunities that bring to them promotion, higher salaries, as well as a better career path ahead. If you incorporate internal hiring as a policy in your company, it will also act as your key to not only hiring skilled talents but retaining them as well.
- Leveraging social media as a hiring platform
Social media holds magnificent power in the twenty-first-century era and is a giant driver of brand recognition. A survey reported that nearly 45% of employers use social media as a leading source of quality recruitment.
- Implementing best practices in the hiring process
In today’s time, the best practices are imperative for onboarding top talents. Hence, implement best practices such as employee orientation and periodic review in your hiring process. The best way to accomplish this goal is to conduct a program that offers a mentor to each of the new hires.
- Making use of data analytics
Data analytics is indeed one of the most important books of the twenty-first century, and it is aiding organizations in taking up a data-driven approach to effectively execute their talent acquisition process.
Talent acquisition is critical to the growth and success of any organization. However, owing to the modern digitally-disruptive and hyper-competitive markets, acquiring the right talent and retaining the same has grown to be one of the biggest challenges. It has become a necessity for the professionals to have knowledge about the tools, tactics, and strategies to identify, hire, and retain the best-in-industry talents, which not only needs them to have a strong academic background but also sound industry know-how. This is why we, at the K.R. Mangalam University, recognized as the Best University in Haryana, have framed our management program in such a manner that it provides the next-generation HR professionals with not only strong foundational support but also the necessary knowledge about the advanced recruiting tools, technologies, and strategies. This enables our pupils to establish themselves as an asset for the organizations they get to work for in the future. Our students know how to build a robust workforce that can take their organization’s productivity several notches up. Hence, if you wish to make a soaring career in the domain of HR management, pursue your MBA from the private universities in Gurgaon and empower yourself to grab the best of career opportunities waiting ahead for you!