9 Things Your Competition Can Teach You About Talent Acquisition

Posted by Kate Smedley on 8 Mar 2016

The war for talent, skills shortages and jobs growth are topics which dominate recruitment headlines on a weekly basis, piling more pressure on struggling HR functions. For those in need of inspiration, you may discover it in the unlikely source of your competition. Look a little closer at the most successful for positive lessons about talent acquisition like the nine below:-

They carry out background checks on every  prospective employee : 42% of UK companies fail to carry out background checks on prospective hires, according to a new report, Background Screening Trends and Best Practices Report 2016. This fundamental gap in your talent acquisition strategy exposes your business to theft and fraud – but that’s not all. Of greater concern is that only around half of employers carry out checks on contract and temporary workers and only 38% check a potential employee’s right to work in the UK. Even a ‘temporary’ bad hire impacts the bottom line, productivity and team morale. Don’t use ‘s/he seems like a great person’ as a reason to skip this vital step. Invest in recruitment software that automates essential checks to reduce your risk of a bad hire.

They focus on quality of hire : Under a quarter of UK employers are confident in their ability to measure quality of hire – and only 5% consider themselves to be ‘best in class’. Businesses which focus on quality rather than quantity of hire enjoy improved levels of employee engagement, retention and improved productivity in their business. Recruitment analytics provide insight into key metrics essential for talent acquisition success.

They understand their culture : 82% of businesses surveyed during Deloitte’s Human Capital Trends Survey believe that a positive culture offers a ‘competitive business advantage’. Companies which understand and believe they have the right culture have a clear advantage over their rivals. Successful hiring depends on HR working with business leaders to support your organisation’s culture.

They have structured hiring processes : The success of a structured hiring process supported by data driven decision making is epitomised by Google. Behavioural and situational based interview questions, together with online assessments and that all important culture fit, or ‘Googleyness’, lie at the heart of Google’s talent acquisition strategy. The number of interviews is limited to a maximum of four, with detailed feedback delivered to a hiring committee to minimise bias. Without a structured approach supported by HR technology, your business will fail to compete in today’s jobs market.

They embrace mobile technology : Less than half of all UK employers offer candidates the ability to apply using their mobile device yet it is consistently reported as the preferred method for completing job applications. If your careers site is not mobile friendly, it is costing your business talent. Take a step towards mobile recruitment by choosing recruitment software with an integrated mobile platform.

They nurture their talent community : The most successful brands create and continue to nurture their talent pools, giving them an instant source of applicants each time a vacancy arises. A simple registration of interest facility for passive talent exploring your site will capture key contact details and enable you to create your own talent pool. Regular interaction quickly identifies candidates whose skills match your requirements. Stay in regular contact via automated text messages, social media or e-mail to reinforce a positive impression of your business.

They’re already redesigning their organisation : While your business procrastinates over whether it should invest in HR technology, your competition is already thinking ahead. The number one concern of employers revealed by Deloitte’s 2016 Global Human Capital Trends survey is the redesign of organisational structures to meet the demands of today’s workforce. As Josh Bersin observes, today’s workplace requires businesses to ‘rethink the leadership strategy, focus on culture and engagement, deliver on-demand organisational learning, and provide information centres, analytics and digital HR tools’ to promote collaboration and a better working environment.

They treat candidates like consumers : In the past it was simple. Post a job and wait for the CVs to flood in. Today, before applying for your vacancy, candidates research your employer brand, your interview techniques and what it’s like to work at your company. The most astute businesses streamline their hiring process to enhance the candidate experience.That means a careers site with a clean interface from your corporate site, effective job posts, tagged employees referrals that are fast tracked through applicant tracking systems, rapid responses to job applications and engagement throughout the hiring process, including onboarding.

They embrace data driven recruitment systems : Less than half of UK businesses use any form of data analytics in their hiring process. Data provides businesses with critical insight into the success, or pain points, of talent acquisition strategies. Ultimately, it enables HR to make accurate predictions and better hiring decisions. For businesses still reluctant to utilise big data in the hiring process, recruitment software provides a first step towards digital HR.

Learn from your competition. Take the first step towards supporting your talent acquisition strategy with data driven recruitment. Invest in recruitment software that helps you to hire better people faster. Contact Advorto today.

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Topics: HR software

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