6 Challenges and Solutions in Talent Acquisition
Ways to Improve Your Talent Acquisition Approach
If you are seeking to hire qualified job candidates, then you already know the pain points associated with the recruitment task at hand. As unfilled job positions and lackluster hires can cost your organization tens or hundreds of thousands of dollars on just one hire, HR and TA teams are facing increased pressure to find suitable talent.
To help improve your recruitment strategy and candidate quality, here are six proven solutions that can help to mitigate common talent acquisition challenges.
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- Focus on your 5 Cs
Challenge: Due to the incredibly competitive labor market, your organization needs to identify the right recruitment strategies to attract and hire top talent.
Solution: Enhance and advertise your 5 Cs:
- Credibility: Good character and reputation
- Compensation: Competitive salary and benefits
- Culture: Shared mission, vision, and perks
- Commitment: Shared plan and strategy
- Challenge: Challenging yet achievable goals and outcome
- Utilize social media
Challenge: Hiring managers are forced to rely on saturated job boards and transaction-based recruiting agencies.
Solution: 86 percent of job seekers use social media in their job hunt to search for relevant jobs, apply to jobs directly, and engage with job related content. Enhance your recruitment efforts on social media by using some of the following hashtags:
#jobopening / #nowhiring / #hiring / #jobsearch / #jobs / #careers / #employment
- Lend help to overburdened HR teams
Challenge: HR departments are often overworked and understaffed, leading to hastily made last-minute recruitment, hiring, and onboarding decisions.
Solution: By finding the time to interview/onboard your candidate shortlist, you can:
- Have honest and upfront conversations
- Set reasonable expectations
- Express your culture during onboarding
- Establish a learning plan in place to expedite both employee understanding and production
If you don’t have the time for these critical tasks, consider partnering with a dedicated recruitment firm that does. Learn about the top advantages of outsourcing staffing services.
- Experiment with different methods of engagement
Challenge: Recruiters are struggling to relate to their audience in the marketplace and/or can’t find the right “organizational fit,” particularly in regard to millennials and Gen Z.
Solution: By 2025, 75 percent of the global workforce is expected to be comprised of millennials. Currently, millennials prefer text messages over phone calls. The same goes for Gen Z. Ask yourself, “What do we know about managing millennials or other generations?” By catering to their preferred methods of communication, you’ll reap the benefits of greater recruitment success.
Related: What Millennials Want in the Workplace
- Find a compensation balance
Challenge: Employers who choose to lean on the lighter side of the pay range experience more turnover and ultimately spend more time and resources on the hiring process.
Solution: The costs of recruiting, hiring, and onboarding—paired with those of unfilled or unsuccessful hires—often outweigh the cost of a high-quality hire. Weigh your hiring costs against your staffing costs and see how the numbers shake out. It’s better to spend $70K on a high-quality candidate than $100K to recruit, hire, fire, and replace a less effective employee.
- Create a valuable employer brand
Challenge: Companies tend to invest more time and effort in the recruiting process and not enough time on employee retention.
Solution: By more effectively balancing your time, you can focus on creating:
- Compelling perks and incentives
- Flexible hours or work arrangements
- Generous PTO packages
- Attractive 401k plans
- Stock options
- “Work to live” not “live to work”
- A positive workplace culture
Related: What is Your Employer Value Proposition?
While your organization may face its fair share of recruitment challenges, our six talent acquisition solutions can help to improve your overarching recruiting strategy. By leveraging these talent attraction tips, you can make a meaningful difference for your organization when scouring the candidate market. Whether your organization needs contingent workers, permanent hires, or payrolling services, our Acara team can help you tackle even the toughest of talent challenges.
Interested in learning more about why Acara is the right recruiting partner for your organization? Discover the Acara difference.
This blog was written by Acara India’s Manager of Business Development Sonal Paresh.