3 Potent Talent Acquisition Strategies C-Suites Must Invest In

Shefali Vasave | June 24, 2022 | 139 views | Read Time : 4 min

Education_Initiative.jpg
The battle to recruit top talent is intensifying. A ManPower Group survey shows that 7 in 10 companies are facing a shortage of talent. The one thing that organizations must focus on in the midst of The Great Resignation is the shift in employee priorities. Employees are no longer shying away from changing the course of their careers in favor of other things. Understanding this and aligning the business strategy accordingly is paramount for hiring and retaining new employees in the long-term.

In this volatile job market, recruitment isn’t enough. A focus on wellness, balance and adaptability will go a long way. In this article, we’ll talk about how talent acquisition and recruitment are not the same but the two sides of a coin. We will also provide three areas of strategies and how they can help you create a high-quality hiring machine.

Hiring is still a very subjective process, and one size does not fit all.  - Arran Stewart, Co-Founder and CVO

How Talent Acquisition Strategies and Recruitment Differ in the Context of Long-term ROI?

Recruitment purely aims to fill vacancies while talent acquisition considers finding qualified candidates that align with the organization’s expansion plans. For instance, recruiting candidates with strong international experience for operations in new markets. This makes it a long-term strategy compared to recruitment. Your long-term ROI effectively relies on your organization’s ability to adapt to the demands of expansion and scaling. As such, your HR efforts must address the fulfillment of these business objectives.

While the world was taken aback by the pandemic, changes in the workplace demonstrated just how severely the situation had changed overnight. The focus has shifted to improving employee experience (EX) through remote and hybrid work policies and a newfound emphasis on health and wellness in and outside the workplace. A recent IDC study found that 56% of employees in the Asia-Pacific region prefer a hybrid workplace set-up.

Flexibility, engagement, and personal growth are just some of the aspects of a job that employees are now focusing on.

Let’s look at talent acquisition strategies that address these demands.


Strategy #1: Upgrading Employee Experience

Employee experience is the positive interaction that employees have with their organization at the workplace. It ranges from having a comfortable, well-equipped workplace to having a socially accepting and diverse culture. The following are just some of the tools that can be used to enhance employee satisfaction at every stage of the employee’s journey.

  • Remote work models are known to improve productivity. Major tech companies like Airbnb, Facebook, and Spotify responded to these priorities by going permanently remote. Not all organizations may be able to afford to go down that road, but providing a hybrid option may be the next best thing. Today, integrated tools for managing hybrid work let you do everything from booking a virtual desk to holding a meeting in VR to using a template for a hybrid work policy.
  • Promoting internal diversity is another way to level up your organization’s employee experience. Today’s location-agnostic work environments need diversity and inclusivity in the workplace to be able to sustain themselves. Tools like Blendoor that use marketplace and government data to compare diversity between organizations, can help identify specific areas of improvement and aid in crafting a more effective diversity, equity, and inclusion strategy.


Strategy #2: Diversifying Your Talent Sourcing Avenues

Having a steady flow of qualified candidates is an HR dream. Organizations can build a qualified talent pool by going after different sources of both passive and active talent.

  • Collaborate with local universities to cultivate an applicant pool. Many organizations use this tactic to establish long-term relationships with potential candidates and boost employee satisfaction in the long run. For example, IBM works with Harvard University and Duke University on research projects so that it can find applicants right where they are.
  • Explore partnerships with dedicated spaces like job boards, online academic platforms, or networking events. Placement management tools can further allow you to nurture relationships with your talent pool. You can create an ongoing talent pipeline using train-to-hire programs. Multinational oil and gas company Shell announced a unique partnership with online learning platform Udacity to implement an AI educational program. The program will allow employees to upgrade their AI skills and contribute to Shell’s core business and AI applications.


Strategy #3: Cultivate Potential Employee Engagement with Employer Brand

Employee engagement is the crucial piece of the puzzle in retaining employees. Without appropriate engagement, it is impossible to build long-term talent acquisition strategies. With so many employee experience and engagement tools out there, it can be difficult to zero in on the right one. However, it is more prudent to identify the specific challenges your organization faces. Are your employees highly engaged? How many barely engaged employees do you have? What initiatives have you implemented to address employees who are flight risks?

  • Develop the employer brand as an awareness generating platform. With recruitment marketing tools, it has become simpler than ever to attract candidates. According to a Glassdoor survey, about 75% of active job seekers are more likely to apply for a position if the employer brand is actively managed. Without recruitment marketing, you will be leaving a lot on the table. 
  • Emphasize CSR in your employer branding as part of attracting top talent that is aligned with your organization’s vision. Many companies are focusing on their corporate social responsibility. Investing in CSR initiatives makes a huge difference to your brand and positions you as a solid organizational identity.


Over to You

Recruitment marketing, EX, and engagement are just some of the factors that help you build a strong foundation for effective talent acquisition. Today, changes in the workplace have forced many organizations to revisit their recruitment and hiring rationale. The Great Resignation has exacerbated the talent shortage, and C-suites must invest in strategies that directly contribute to hiring and retaining new employees.


Frequently Asked Questions


What are some of the most prominent changes in the workplace in 2022?

Some of the changes in the workplace that organizations should be aware of include a shift in employee priorities, emphasis on social and mental well-being, flexibility in the workplace, and the demand for a positive organizational culture. 


What are some of the most important features of talent acquisition software?

Some of the features of talent acquisition software that can boost your hiring include:

  • Resume screening and job matching with AI automation
  • Applicant tracking system
  • Interview tools
  • Easy CRM integration


What is an example of good employee experience?

Good employee experience is demonstrated by how easy it is for people to collaborate, communicate, and do meaningful work in an organization.

Spotlight

First Alliances

Established in 1998, First Alliances is the largest and the most successful HR consultancy in Vietnam with a high-performance culture. We specialize in Executive Search & Selection, Staffing, and Payroll.

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Gainwell Technologies Wins Comparably Awards for “Best CEOs for Women” and “Best Leadership Teams”

Gainwell Technologies | August 09, 2022

Gainwell Technologies (Gainwell), a leading provider of technology solutions for health and human service programs, today announced that it is the recipient of two Comparably Awards for “Best CEOs for Women” and “Best Leadership Team,” based on data compiled from more than 15 million ratings across 70,000 companies. “At Gainwell, we strive to create a diverse and inclusive culture. These two Comparably Awards recognize our deep commitment in these areas and celebrate our accomplishments to date, We’re proud to say that 52 percent of the employees at Gainwell are women, and we have a significant number of women in leadership as well.” -Paul Saleh, Chief Executive Officer at Gainwell Comparably Awards celebrate the companies and leaders deemed as the most exceptional in 16 categories during a 12-month period by those who know them best – the employees. These awards are based entirely on anonymous employee feedback in nearly 20 core culture metrics, ranging from leadership and work environment to compensation and overall organizational outlook. We recognize it is the feedback of our staff that determined our recognition, and we take pride in the knowledge that we have been able to create an unmatched employee experience for them, We will continue to make Gainwell the best it can be for all our people,added Saleh. Gainwell was also recognized for “Best HR Team” and “Best Places to Work in Washington DC” by Comparably in 2022. The team is actively recruiting for a wide range of opportunities available across the country. Gainwell Technologies LLC Gainwell Technologies is the leading provider of technology solutions that are vital to the administration and operations of health and human services programs. With more than 50 years of proven experience, Gainwell has a reputation for service excellence and unparalleled industry expertise. We offer clients scalable and flexible solutions for their most complex challenges. These capabilities make us a trusted partner for organizations seeking reliability, innovation and transformational outcomes.

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