4 Advantages of talent acquisition
When our company is facing a job vacancy, it can be easy to jump straight into recruitment mode. But, finding a candidate to simply “fill in the gap” is a risky fix that could backfire.
A swift decision can leave our company with a bad hire on its hands, which could potentially cost thousands of dollars, lower employee morale, and tarnish our business’ reputation in the process. Worse, if a new employee does not work out, then we are right back to square one. No one sets out to hire a bad employee, of course, but there is a better way of ensuring that we are finding the right talent for our business—and that is through talent acquisition.
Talent acquisition differs from recruitment in a big way. As a hiring manager, recruitment focuses on filling vacancies, whereas talent acquisition zeroes in on candidates who can fulfill specific goals or skill sets. Ultimately, these are the kind of people who can help sustain our company’s success—and help take it up a notch.
Finding the best and the brightest talent is one of the toughest tasks facing a business, so we went to HR experts to learn the benefits of setting a talent acquisition strategy in motion.
Here are the 4 advantages of technology talent acquisition in Singapore
Avoid financial risk in the recruitment process
Recruiting “just in time” [to fill a job vacancy] often takes a lot of time and resource investment, and can be expensive (e.g. costs for job advertisements, headhunters, resources in HR and management for the application process and interviews.) Talent acquisition is a way of minimizing the risk of recruiting “mistakes,” such as hiring the wrong person and noticing too late. It is essential to align long-term staff planning with business strategy. … Read more