Talent acquisition refers to the process employers use for recruiting, tracking and interviewing job candidates, and onboarding and training new employees. It is usually a function of the human resources (HR) department.
Talent acquisition often includes standalone software or modules in larger human capital management (HCM) systems that help automate the recruitment and hiring cycle. Products in this software category are sometimes called recruitment management systems.
Talent acquisition is often seen as a strategic approach to the early stages of talent management, the process employers use in hiring, deploying, training and evaluating the performance and compensation of employees (see Fig. 1).
Why is talent acquisition important?
Talent acquisition is important because finding and hiring the right people is a crucial element of an organization's business plan and it directly affects the company's future success. Without the right employees, a business is likely to struggle with poor productivity, bad decision-making and unmotivated staff. These factors make it difficult for a business to remain stable in a competitive market.
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Ultimate guide to recruitment and talent acquisition
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- 9 keys to a killer recruitment marketing strategy
- 7 talent acquisition strategies for better hiring in 2022
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