Avoiding Groundhog Day
Many firms struggle to find top talent. This isn’t a new problem, but solving it can be an enigma. The talent is out there, learn how to break the code and find more than your fair share.
A new talent landscape
The inventor Charles Kettering once said, “a problem well stated is half solved,” so here’s how we define the problem.
- An organization’s supply of talent acquisition resources (recruiters) is built to support a business plan
- However, for many reasons, business plans often change
- This means the demand for talent (hiring needs) often varies from the original business plan
- To respond, Talent Acquisition implements countermeasures, but often costs still increase and key performance indicators (KPIs) decline
- As a result, HR’s focus shifts from executing strategy to managing transactions
Given that business-planning cycles are now much shorter and more likely to change, organizations need a far more agile talent acquisition model to keep pace.