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.
This story is from the October 2019 edition of People Matters.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2019 edition of People Matters.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
How Digital Transformation Can Power The Great Reset
Technology has the potential to serve as the key enabler of change between digitalising administrative tasks and fostering human connections
Govern Pre-IPO Unicorns to Create Value; Not Valuation
Billion-dollar startups always make the headlines. But is there true value behind those eye-catching valuations? How can proper governance be implemented for these much-hyped companies?
On change and change management
The best way to end the year, especially such a disrupted one as 2022, is by laying the groundwork for the year to come. Michelle Yong, Head of Resourcing at Shell, offers some insights on change management to bring us forward into 2023
The Great Reconnection: A paradigmatic moment for employers and employees
This year has not been a good one for employee retention. The Great Resignation, originally thought to be a US phenomenon, has emerged in Asia now. But is there a way to turn it into the Great Reconnection?
Lessons Managing in leadership: a global hybrid team
What takeaways can we draw from the pandemic? Fatima Koning, Chief Commercial Officer at IWG, shares what the last five years have taught her about managing a global sales team across 120 markets in the hybrid model
One way to turn the tide of employee retention
There's a surprising link between skill development opportunities and job satisfaction. Here are some ways of boosting skilling and thereby talent retention
WOMEN IN LEADERSHIP CAN BE GAME GHANGER FOR INCLUSIVE FUTURE OF WORK
BREAKING FREE FROM THE STEREOTYPES IN THE INSURANCE SECTOR, PAMELA THOMSON-HALL SHARES HER JOURNEY OF BEING A CHAMPION FOR WOMEN AND BRINGING ABOUT A CHANGE IN A MALE-DOMINATED INDUSTRY
Instilling a sense of ownership in employees
The most important step in promoting a sense of agency in the workplace is cultivating an ethos of ownership within the company
Does our pay for performance process deserve rewarding?
Pay for performance is a staple of any rewards model, but practitioners often take for granted that it is sound. In fact, a good pay for performance model needs intensive planning and careful design
How to attract and retain top talent at tech companies
Employees in a rapidly changing workplace are not just concerned with salary increases; they are also interested about upskilling to expand their knowledge base and update their hard and soft skills
