The document discusses talent acquisition and the recruitment process. It addresses:
1) How the recruitment process affects who is hired and their initial performance and retention. Ineffective recruitment can lead to unqualified hires, lack of diversity, and higher turnover.
2) The challenges of external recruitment in attracting candidates, influencing applications, and securing job offers. Promoting from within can also be effective.
3) Key aspects of evaluating recruitment efforts including time to hire, cost per hire, retention rates, and applicant and hiring manager satisfaction. Companies like Vanguard and Facebook evaluate recruitment sources and outcomes.
Original Description:
Talent Acquisition decoding
Original Title
Session six_decoding the report on Talent Acquisition
The document discusses talent acquisition and the recruitment process. It addresses:
1) How the recruitment process affects who is hired and their initial performance and retention. Ineffective recruitment can lead to unqualified hires, lack of diversity, and higher turnover.
2) The challenges of external recruitment in attracting candidates, influencing applications, and securing job offers. Promoting from within can also be effective.
3) Key aspects of evaluating recruitment efforts including time to hire, cost per hire, retention rates, and applicant and hiring manager satisfaction. Companies like Vanguard and Facebook evaluate recruitment sources and outcomes.
The document discusses talent acquisition and the recruitment process. It addresses:
1) How the recruitment process affects who is hired and their initial performance and retention. Ineffective recruitment can lead to unqualified hires, lack of diversity, and higher turnover.
2) The challenges of external recruitment in attracting candidates, influencing applications, and securing job offers. Promoting from within can also be effective.
3) Key aspects of evaluating recruitment efforts including time to hire, cost per hire, retention rates, and applicant and hiring manager satisfaction. Companies like Vanguard and Facebook evaluate recruitment sources and outcomes.
Session no 6_ Decoding the report on Talent Acquisition
Batch 21-23 The way an employer recruits affects the The individual it hires The training they need Their initial performance and Their retention rate The potential hazards of a poor recruitment process • Getting unqualified candidates • Lack diversity • Or likely to quit if hired Challenges in external recruitment? • External recruitment 1. Bring the job opening to the attention of the potential candidates Outside the organization 2. Influence whether these candidates apply for the opening 3. Affect whether they maintain interest in the opening until a job offer is extended and /or 4. A job offer is accepted Many of the above is applicable to internal recruitment too. Also promoting from within is also more effective. Discuss the latest trends in sources of recruitment • LinkedIn • Facebook • Mobile technology An interesting article for easy reference: https://www.linkedin.com/pulse/india-hiring-statistics-2021-rajesh-k/?t rk=pulse-article_more-articles_related-content-card The issue of Active and passive job applicants and social media • They are costlier • Do not make as good employees • Mobile friendly websites ( What could be the disadvantage?) • People who are not serious may also apply Another disadvantage? Lot of negative information is also available like negative reviews on Glassdoor How to respond to negative reviews? Can be a good potential project by itself Discuss the model of the Recruitment Process Establish the recruitment objectives Develop a recruitment strategy Carryout recruitment activities Measure recruitment results and evaluate recruitment efforts All the above actions need to modified based on the past results and subsequently future recruitment decisions need to be modified. What are the common recruitment objectives? Number of the positions to be filled Date by which they should be filled Cost-per-hire Job performance goals for new hires Number of applications desired Types of applications sought: • Level and type of education • Level and type of work experience • Knowledge skills and abilities • KSAO (other characteristics) • Diversity • Other considerations (e.g. currently employed?) HR should gain agreement on how the objectives will be measured? Will the quality of new hire be evaluated on objective performance data? A supervisor’s judgment Customers’ ratings Also awareness of the nuances of labor market (for example for some jobs candidates may be plentiful for some they may be scarce) Why is it important for recruitment function to have input in key business strategy? For example: New location may be not be so much preferred so mangers need to design competitive rewards packages and to expect longer than typical time frames for filling positions. In evaluating the recruitment process which are the two outcomes that can be measured? 1.Prehire outcomes 2. Post-hire outcomes
Whether the job positions were filled in a timely manner?
New hires’ initial job performance What are the key strategy questions to be asked by the recruitment manager? • What type of individuals should be targeted? • What recruitment message should be communicated? • How can the targeted individuals best be reached? • When should the campaign begin? Discuss the important Recruitment Metrics • Time to hire • Cost of filling the position • Yield ratio for each recruitment method • New-employee retention rate • New-employee performance level • Hiring manager’s satisfaction with the recruitment process • Applicants’ perceptions of the recruitment process. Based on the report can you name any two companies who evaluate their recruitment efforts • Vanguard • Facebook • J&J On parameters like: Which universities yielded the most hires The most productive employees And the employees who were retained
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