03 Talent Acquisition

 

Introduction

Talent acquisition encompasses the methods and actions involved in discovering, attracting, and retaining the workforce essential for a company. This involves creating, executing, and assessing initiatives related to talent sourcing, recruitment, hiring, and on boarding.

 Job description 

https://images.app.goo.gl/T2roU9cP5gtc1YkPA

             Job descriptions serve as a crucial tool in the recruitment process, helping to define roles, attract suitable candidates, and set clear expectations. 

                For employers, they aid in effective hiring, internal succession planning, and legal compliance. Well-crafted job descriptions also benefit applicants by providing insights into job suitability, expectations, and interview preparation.

             HR leaders can enhance the quality of job  descriptions by including essential information, maintaining clarity, and regularly updating them. Overall, job descriptions play a pivotal role in various HR functions, from recruitment to employee evaluations and long-term career planning. Incorporating high-quality job descriptions is essential in modern HR strategies for successful employee recruitment, engagement, and retention.

Sourcing Strategies:

Key points in effective sourcing strategies for recruitment,

1. Referrals: Leverage professional networks; referred candidates are more likely to be hired.

2. Past Applicants: Consider previously interviewed candidates who may be suitable for future opportunities.

3. Touchpoints: Build relationships through three meaningful interactions within a month to encourage engagement.

4. Diversification: Explore various channels beyond LinkedIn, such as position-specific platforms and company recruiting databases.

5. Avoid Keyword Reliance: Don’t solely rely on resume keywords; assess candidates through a holistic approach, including social media.

6. Internal Hiring: Consider up-skilling current staff for suitable roles before searching externally.

7. Outsourcing: Utilize third-party specialists like HCM Works for cost-effective and efficient talent acquisition solutions. 

Employer Branding

https://images.app.goo.gl/tshLL9swXfxKFaxq7

Employer branding is a strategic process that shapes and manages a company's reputation as an employer. It goes beyond attracting talent; it influences employee morale, reduces hiring costs, and enhances customer relationships. A strong employer brand is crucial for attracting and retaining top talent, boosting employee morale and productivity, reducing turnover, and fostering positive customer perceptions. It's an integral part of a company's success in the modern professional landscape.


Applicant Tracking Systems (ATS)

An Applicant Tracking System (ATS) is essential for recruiters and employers to streamline hiring. It helps attract top talent, enhances engagement, improves efficiency, and reduces costs. With features like AI, it predicts success factors and aids in candidate profiling. Adopting an ATS boosts competitiveness, providing quick access to top talent, and optimizes onboarding for seamless transitions.

Legal compliance 

HR compliance involves creating and enforcing policies to ensure an organization follows current labor laws. It includes legal, ethical, data privacy, and diversity compliance, crucial for avoiding fines, penalties, and lawsuits, protecting both employees and the business.

Statutory compliance

compliance with government legislation in the workplace means following and abiding by the laws related to employment. This includes adhering to regulations on minimum wage, age requirements for workers, and policies against discrimination, among others. Essentially, it’s about ensuring that the company operates within the legal framework set by the government in these areas. 

Regulatory compliance involves adhering to rules set by specific bodies like the Federal Trade Commission(FTC),United States Environmental Protection Agency (EPA), and Centre's for Disease Control and Prevention(CDC). Companies must follow these rules to operate legally and responsibly in their respective domains.

Contractual compliance involves ensuring that all parties, including partner organizations and employees, adhere to the terms and regulations outlined in agreements. It is essential for maintaining transparency, trust, and legal integrity in business relationships.

Union law compliance

Companies dealing with unions, like The Screen Actors Guild, must be aware of and adhere to union rules to maintain positive relations and legal compliance with union workers.

Trends in Talent Acquisition:

In 2023, talent acquisition trends include strategic workforce planning amidst economic uncertainty, the return to the office influencing recruitment strategies, a focus on internal mobility and “boomerang” employees, a rise in data-driven approaches with a DE&I focus, increased automation in recruitment tasks, a spotlight on well-being and work-life balance, and the recognition of recruitment as a strategic role requiring market knowledge and perspective.

References

HiBob. (n.d.). What is a job description? [online] Available at: https://www.hibob.com/hr-glossary/job-description/#:~:text=A%20job%20description%20is%20a.

Techfunnel. (2021). 5 Benefits of Creating a Strong Employer Brand. [online] Available at: https://www.techfunnel.com/hr-tech/employer-brand/.

www.google.com. (n.d.). Title: Human Resource Branding-Employer, Employee Brand-Ideas Process Eg. [online] Available at: https://images.app.goo.gl/tshLL9swXfxKFaxq7 [Accessed 22 Nov. 2023].

St-Jean, E. (2022). What is an Applicant Tracking System (ATS) and How Does it Work? [online] SearchHRSoftware. Available at: https://www.techtarget.com/searchhrsoftware/definition/applicant-tracking-system-ATS.

Cosentino, J. (2022). HR Compliance: A Practical Guide. [online] AIHR. Available at: https://www.aihr.com/blog/hr-compliance/.

Talentful. (n.d.). 7 Talent Acquisition Trends That Will Define 2023. [online] Available at: https://www.talentful.com/resources/talent-acquisition-trends/#:~:text=In%202023%2C%20talent%20acquisition%20leaders [Accessed 22 Nov. 2023].