Study of Talent Acquisition Practices A PDF
Study of Talent Acquisition Practices A PDF
Study of Talent Acquisition Practices A PDF
Abstract—
T
alent Acquisition would be a newly coined terminology for many of us but it’s not new for the HR practioners.
Talent acquisition, as defined by Deloitte, is “a strategic approach to identifying, attracting and on boarding
top talent to efficiently and effectively meet dynamic business needs. There is always a huge potential for
highly talented resource globally and acquiring such talent has always been a challenging task for practioners. This
paper had tried to examine and review the research papers which shares global perspective about different strategies
of Talent acquisition and also its implications. As companies increasingly compete on the basis of talent, their success
will largely hinge on their ability to recruit, develop, deploy and retain skilled people at every level — from production
employees and technicians to scientists and engineers to middle managers and executive leaders (Heid 2007).
Because of this critical issue, companies have started formulating strategies and techniques for acquiring Talents.
Hence it becomes critical for understanding different Talent Acquisition strategies across globe and understands its
implications. The research method used here is purely qualitative as we could proceed with secondary data analysis by
referring and analysing research papers of this nature and the findings & suggestions made here are based on
grounded theory approach.
I. INTRODUCTION
Over the last decade India has emerged as one of the leading innovation hubs of this century. Much of this growth is
attributable to the growth of high-technology (shortly high-tech) firms such as information technology (IT),
biotechnology, bioinformatics and pharmaceutical industries The growing employment rate in the technology sector thus
raises implications for organizations and HRM in general, to ensure the recruitment and retention of competent,
motivated and innovative workforce.
Recruitment also had changed innovatively from past till date. Now it is days for Talent Acquisition, where Human
Resource are seen as assets i.e. Talents. So, when we say asset, it need to be acquired, thus leading to a new coined term
―Talent Acquisition‖. The term Talent Acquisition (TA) is often used synonymously with Recruiting. However, these are
two very different things. Recruiting is a subset of TA, and includes the activities of sourcing, screening, interviewing,
assessing, selecting and hiring. In some organizations this extends to the early stages of on boarding, which then becomes
a shared responsibility between HR and the hiring manager, with support from the learning organization (Erickson,
2012)[1]. Talent acquisition, as defined by Deloitte, is ―a strategic approach to identifying, attracting and on boarding top
talent to efficiently and effectively meet dynamic business needs.‖ With Talent at a premium these days, articles
including titles such as ―Recruit or die‖ (caufield 2000) [2], The tug of war for Asia‘s best brains (Chanda 2002) [3], ―Its
2012, do you know where the Talent is?‖ (Heid 2007) [4] are becoming increasingly common in the various HR
Professional Journals. But when it comes to India, Talent Acquisition is still need to gain its momentum and there is long
way to go. As a craft, talent acquisition is of course not new; but as a profession, however, talent acquisition is quickly
evolving into a unique and important job function
Market Trend
(Considering Economic Talent Acquisition
slowdown) Practices
Effectiveness of the
Practices
Organisation Growth
In November 2011, CareerBuilder surveyed more than 200 talent acquisition professionals from organizations of all
types and sizes across North America. They conducted in-depth interviews with several talent acquisition executives at
leading organizations including Arrow Electronics, Chipotle, CME, Dow Chemical, Dow Corning and New York Life.
Their study clearly indicates that the long-standing tug of war between finding candidates to fill open positions and
They have also provided a framework and recommendations for addressing many of the issues raised in their trends
section. These include:
1. Developing a Robust Workforce Planning Process
2. Defining your Employment Brand
3. Investing in Processes that Support Retention
4. Measuring and Tracking Effectiveness
Kevin Small, one of the research participants and director of talent acquisition at Dow Corning, sums it up well. ―The
war for talent never went away, but the battlefield has changed.‖ They concluded that, organizations that incorporate
workforce planning into their business strategies develop compelling employment brands that resonate with target talent,
and build creative new frameworks for measuring success are most likely to succeed in the war for talent. [18]
Acquiring the best talent involves the planning, sourcing, assessing, hiring and on-boarding of top talent. Automating the
Recruitment Processes helps companies in implementing the Best Practices of recruitment and hiring the best talent
available in the market. This leads to a better employment opportunities through career websites and also provides more
effective recruiting tools for selecting suitable candidates.[19] E-Recruitment had been acknowledged as one of the
techniques of Talent Acquisition which needs further research and understanding.
A working paper of Indian Institute of Management, Bangalore, interestingly reveals the Talent Acquisition strategies of
Swedish firms operating in India which is worth mentioning which speaks on ―Social Recruitment‖ as one of the
strategies adopted by Swedish firms in India. [20] Social Recruiting just works better but remember social media is a
communication channel and not a sales channel. Traditional recruiting skills are still critical – think of social media as a
flirting, seduction or your first date; it‘s a place to showcase your expertise, generosity and thought leadership. Social
media gives passive candidates a sneak peek at corporate DNA. You must have an integrated digital strategy on social
media which includes a whole range of channels like Facebook, Twitter, and Linkedin. YouTube, blogs website. . Mobile
is also becoming obvious choice for recruitment but it‘s now new. Eighty eight percent of job-seekers are happy to search
jobs via their phone, yet only eight percent of Fortune 100 companies‘ career sites support mobile recruitment processes
and most applicant tracking systems are not friendly to mobile either. [21]
Oracle, in its research identified employee referral programs as one of the TA technique which in following years would
be the main point of focus by major organizations. It feels that companies will start using social recruiting to scale up the
flow of referrals, fully leverage employees‘ social connections, allow employees and candidates to navigate the referral
process on their mobile devices, optimize referral policies based on the lessons learned from real-time data, treat
candidates as respectfully as if they were paying customers. In this way companies will reap the benefits of improving
referral quality while reducing time to hire and cost per hire. [22]
Mary Oslin in her interview to Roger Vozar for Smart business Northern California magazine, mentioned that even
though Pipelining, mobile recruiting, employer branding and use of social networking sites are the current trends in
Talent Acquisition, Every company should seek to improve its branding and reply to applicants — it's not good to start
developing a reputation of being a black hole. Eventually, word will get around and people will be told not to bother
sending you their resume. Establish a procedure to contact the candidates who are not selected, whether by email or
phone. Focus on the candidate experience. Those who are not hired may walk away disappointed, but you want them to
be impressed that the process was professional and they were treated with respect. [23]
The latest research of Bersin by Deloitte, predicted the trend of 2014 regarding the Talent Acquisition techniques which
had felt that building a strong talent pipeline for the global economic recovery is the need of the day. According to its
report, 2014 will be one of the most exciting years we have ever seen. The growing global economy will present
challenges, competitive threats, and new opportunities. Take your talent pipeline seriously—attracting, developing, and
keeping people will take top priority. This is the year to ―sharpen your saw‖—innovate, think outside the box, and look
systemically at your total ―corporate talent system.‖ [24]
Interestingly, social networking website LinkedIn had also conducted a detailed research on Talent Acquisition practices
and published it on their website. LinkedIn has conducted its 3rd Annual Global Recruiting Trends survey in 19
countries including India. They have surveyed over 3,300 talent acquisition leaders to capture their thoughts on what
keeps them up at night, hiring and budget trends, and key sources for high-quality hires. They have distilled all this and
more into 5 key trends that are shaping the future of Talent Acquisition in India [25]:
Social professional networks are increasingly impacting quality of hire.
Employer branding is both a competitive threat and a competitive advantage.
Data is used to make better hiring and branding decisions.
Companies are investing in hiring internally to stop top talent from walking out the door.
Companies are figuring out the mobile recruiting terrain.
© 2014, IJERMT All Rights Reserved Page | 83
Parthasarathy et al., International Journal of Emerging Research in Management &Technology
ISSN: 2278-9359 (Volume-3, Issue-11)
V. DISCUSSIONS
From the Literature review, we understand that there is detailed research in the area of Talent Acquisition in abroad than
India. We also need to know why it is so, which we may come to know during our research as we would interact with HR
Professionals sector wise. Few more implications from the literature review are:
a) Even though Talent Pipelining is one of common practices of Talent Acquisition, Mobile Recruitment is
becoming one of the emerging techniques which are yet to gain momentum across globe. We may expect further
research in that area as well in day to come.
b) Even though there are advantages and few disadvantages, Social Recruitment had become one of the best
practices of Talent Acquisition. . But Talent Acquisition Managers should be careful in understanding and
leveraging it.
c) Technology tools like CRM supports the Talent Acquisition process and are playing significant role in
strategizing organisation‘s policy.
d) Employee Referral schemes and Employer branding also plays key role in Talent Acquisition. Focus also had
shifted on candidate‘s experience which is a psychological factor that may influence or attract any individual
towards the organization.
e) Data Analytics is going to play a major role in forthcoming years which need to be looked at by all Talent
Acquisition Professionals.
VI. CONCLUSION
When speaking about global perspective, we understand that Talent Acquisition has emerged with lot many innovative
changes and World is getting ready for the Talent Hunt with all its new innovative strategies. When speaking about India,
We are developing country and there is a huge potential seen with us to become the global hub for talent and our talents
are being easily attracted globally for various reasons. But it becomes necessary for us to acquire the potential talent and
retain them with us so that we can grow even faster than the present growth rate. Like other countries, Organisations in
India, also need to concentrate on Talent Acquisition and start strategizing their existing model of Acquisition. This
would help the companies to compete globally. Similarly, we believe that this research would definitely support Indian
Industry in implementing the best practices of Talent Acquisition.
REFERENCES
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