Organizations sharpen the TA function by using data-driven analytics and digital, cognitive tools to better source and assess candidates and prevent possible misjudgments caused by bias or false logic
I’m
excited to announce that we just published Bersin’s latest High-Impact Talent
Acquisition (HITA) study, with 1,220 global participants. This study is only
our second industry study for talent acquisition—and, yes, the world has changed
since our last industry study published in September 2014.
We
found that talent acquisition (TA) can contribute meaningfully to an
organization’s success. Accelerating the capabilities of a TA function requires
effort, investment, resources, and even cultural change. But the payoffs for TA
maturity are significant gains in business performance. Our research shows that
companies with high-maturity TA functions bring in 18 percent more revenue than
their low-maturity counterparts. Further, when it comes to profit per employee,
organizations with high-maturity TA functions enjoy a 30 percent advantage over
their low-maturity counterparts.
So what do TA functions need
to focus on specifically? We discovered six key findings:
1.
Mature TA teams build the workforce through integration with the
business.
Senior
executives view TA teams as essential players in executing strategy and
promoting the company’s people culture. Integration also allows TA teams to
better anticipate broader business needs and better partner with hiring
managers.
2.
Existing employees are recognized as a strategic resource, and internal
mobility is a part of company culture.
Hiring
managers and recruiters know their internal employees’ capabilities, and hiring
managers work with recruiters to cultivate talent from within.
3.
Candidates are evaluated for work ethic, values, and potential as much as
skills and past experiences.
Effective
TA teams recognize that a great candidate on paper may not be a good fit for
the organization—and some of the best candidates can emerge from unlikely
places.
4.
High-performing TA teams construct a personalized candidate journey.
Rather
than a “one-size-fits-all” experience, high-performing TA functions market the
role to specific candidates to not only engage top talent but also strengthen
the employment brand and promote the organization’s culture.
5.
Mature TA teams continuously regenerate because of dedication to upskilling,
informal learning, and professional growth.
Both
recruiters and hiring managers are encouraged to engage in a mix of traditional
education, mentor relationships, and networking opportunities to improve their
TA capabilities.
6.
Highly mature TA teams use artificial intelligence (AI) and predictive data
analytics.
Organizations sharpen
the TA function by using data-driven analytics and digital, cognitive tools to
better source and assess candidates and prevent possible misjudgments caused by
bias or false logic.