Challenges and Solutions in Talent Acquisition
If you are seeking to hire qualified talents, 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.
Focus on the 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
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.
Lend help overburdened HR teams
HR departments are often overworked and understaffed, leading to hastily made last-minute recruitment, hiring, and onboarding decisions.
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.
Experiment with different methods of engagement
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.
Find a compensation balance
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
By more effectively balancing your time, you can focus on creating:
- Compelling perks and incentives
- Flexible hours or work arrangements
- Generous PTO packages
- Stock options
- “Work to live” not “live to work”
- A positive workplace culture
If your company or software development project is looking for efficiency, quality, and support please get in touch with us, and we will support you to take your team to the next level.
