+84 24 3974 3091

The difference of Recruitment and Talent Acquisition

3/9/2017           |      Print      Send to friend

 

Talent Acquisition means a view of not only filling positions, but also utilization of the candidates and their skills that come out of a rigorous recruiting process as a means to fill similar positions in the future also.

These future positions can be identified today by looking at the succession management plan, or by analyzing the history of attrition for certain positions. This makes it easy to predict that specific openings will occur at a pre-determined period in time.

In few cases of Strategic Talent Acquisition, clients will recruit today for positions that do not even exist today but are expected to become available in the future.

Taking the long term strategic approach to talent acquisition has a huge impact on how an approach is made to a candidate.

Recruitment – In this résumés are invited for a vacancy

  • Selection - Screening of only relevant or best matching candidates.
  • Hiring process - Time frame from the period of requisition of man power being made till the person actually joining.
  • Talent Acquisition - Acquiring of “talent”

Here we focus on talent that the person possess and not just the educational background or the experience / working years one has.
To be simple, it is about attracting, recruiting, inducting and making use of right talent.

Such as if one have a talent for content writing but do not possess any certification or degree in this field. A person who is recruiting might not be interested in my profile. But a talent Acquisition person who is looking for talent might want to try my skills. Recruitment invite the eligible candidates for the existing vacancies available in the organization.

Talent acquisition is an ongoing cycle of process related to attracting, sourcing, recruiting and hiring employees within an organization.

This includes elements of employment branding, outreach, networking and relationship building with potential candidate communities to continually build and enhance the talent pool for an organization.

Talent Acquisition professionals understand that each talent has something of value to offer. They also build relationships with the best of the talent that lead to more successful networking, more referrals, more business and an amazing give and take of expertise, knowledge and information.

Recruiting takes tremendous effort. Talent acquisition takes efficient and productive processes that are easy to use and candidate centric.

The identification, relationship building and selection of people who possess special, creative/technical skills and who can influence, contribute to and/or drive revenue to our business by exerting extraordinary effort, exercising strong relationship management in present or in future could be considered as TA.

Recruitment is a linear process, where employers source candidates for the existing vacancies currently available. This approach is reactive in its nature, thus leads to increased time-to-hire and cost-to-hire. At times organizations compromise even on quality in order to manage cost and time.

As specified above Talent Acquisition is ongoing cycle of process that start by building Employer Brand, communication of Employee Value Proposition and ongoing relationship with targeted Talent segments. This approach leads to the development of talent pools and talent pipelines eventually creating sustainable talent supply chain. This leads to more strategic nature of the approach and significant improvements across all Recruitment KPIs.

The term Talent Acquisition (TA) is often used synonymously with Recruiting. However, these are two very different things. Recruiting is a subset of TA, and includes the activities of sourcing, screening, interviewing, assessing, selecting and hiring. In some organizations this extends to the early stages of onboarding, which then becomes a shared responsibility between HR and the hiring manager, with support from the learning organization.

Talent acquisition includes recruiting, but it is inclusive of other strategic elements as follows.

Talent Acquisition Planning & Strategy – This ensures business alignment, examines workforce plans, requires an understanding of the labor markets, and looks at global considerations.

Workforce Segmentation – It requires an understanding of the different workforce segments and positions within these segments, as well as the skills, competencies, and experiences necessary for success.

Employment Branding – This includes activities that help to uncover, articulate and define a company’s image, organizational culture, key differentiators, reputation, and products and services. Employment branding can help advance the market position of organizations, attract quality candidates and depict what it is truly like to work for that organization.

Candidate Relationship Management – This includes building a positive candidate experience, managing candidate communities, and maintaining relationships for those candidates who are not selected at present against a particular skill set, but have few more skills.

Metrics & Analytics – It is the continuous tracking and use of key metrics to drive continuous improvement and to make better recruitment decisions, to ultimately improve the quality of hire.

Within each of these core elements of TA there are many other sub-activities and best practices. And, of course, the selection of tools, technology and outsourcing partners is a key element of a company’s talent acquisition strategy.

In other words, a leadership program is to leadership development what recruiting is to talent acquisition. Alone, neither will drive their highest value to the business.

Note: A suggestion for the readers who are not HRs. Kindly understand the efforts made by recruiters, technical panel(s) and senior executive(s) in order to close the position. Don’t make fake commitments, backouts, not picking the calls, switching off the cell phones and other lame excuses. If being a candidate you have genuine problem, share it with the recruiters by dropping a professional mail or by texting, giving a call.



Related Posts

The minimum regional salary 01.01.2020

The minimum regional salary 01.01.2020

11/19/2019

Government just issued Decree No. 90/2019/NĐ-CP on 15 November 2019 regulating the minimum regional salary for the laborer working under a labor contract with effect from 01 January 2020.

Read more

5 steps to apply for a job directly from Faro Vietnam website

5 steps to apply for a job directly from Faro Vietnam website

6/6/2019

We brief 5 steps to help you apply for the job fast and feel more convenient

Read more

Faro Executive Headhunters: Specialist Headhunters

Faro Executive Headhunters: Specialist Headhunters

4/10/2018

Executive recruiters are the recruiting professionals who focus on filling executive positions within companies.

Read more

What do relocation services usually include?

What do relocation services usually include?

10/17/2017

Every single year, millions of people in the Vietnamese relocate for work – companies hire new employees from out of the area, current employees are sent on long-term assignments in distant cities...

Read more

What is Compliance Services?

What is Compliance Services?

7/18/2017

In some cases a company can, like any customer, decide to stop buying a particular good or service, and so even severance or shutdown costs can be under its control....

Read more

What Are the Duties of the Local HR Assistance?

What Are the Duties of the Local HR Assistance?

7/15/2017

Local HR Assistance is an administrative professional who performs a variety of transactional duties in support of a business’...

Read more

Top of Best Payroll Services for 2017

Top of Best Payroll Services for 2017

7/13/2017

To help you find the right payroll service, we researched and analyzed dozens of options. Here is a roundup of our 2017 best picks for online payroll services and an explanation of how we chose them.

Read more

Choosing a Payroll Service: A Buying Guide for Businesses

Choosing a Payroll Service: A Buying Guide for Businesses

7/13/2017

Here's everything you need to know about what an online payroll service is, what it offers and how to choose one. If you already know what you're looking for, visit our best picks page to see...

Read more

How to Start an Employment Service Staffing Agency

How to Start an Employment Service Staffing Agency

7/11/2017

The most common structure of employment agencies is a small office with a handful of internal employees who recruit candidates and sell employment services to local businesses. Even the largest international staffing companies...

Read more

Human Resources and Human Resources Services

Human Resources and Human Resources Services

6/29/2017

The department or support systems responsible for personnel sourcing and hiring, applicant tracking, skills development and tracking, benefits administration and compliance with associated government regulations .

Read more

Statutory Liability - Insurance

Statutory Liability - Insurance

6/14/2017

Another benefit of this type of cover is that it pays out for a wide range of different expenses. Any good statutory liability insurance policy should reimburse...

Read more

09 Tips for Talent Recruitment

09 Tips for Talent Recruitment

4/26/2017

Recruitment art is actually a pure spreading form because you do not merely to persuade others to try your product, buy service or even to do business with you but asking people to bet their career in your company.

Read more

Compulsory Insurance

Compulsory Insurance

4/15/2017

Any type of insurance an individual or business is legally required to buy. Compulsory insurance is mandatory for individual...

Read more

What is Labor Arbitrage?

What is Labor Arbitrage?

4/14/2017

Labor arbitrage is often associated with outsourcing or offshoring. The idea is that a certain set of skills could be hired in a different market, such as another city, region, or country for less.

Read more

Labor Dispatch Service

Labor Dispatch Service

4/14/2017

Labor dispatch also known as talent dispatch, staffing, workforce dispatch or workforce leasing, refers to a new type of employment mode by which labor dispatch institutions...

Read more

2016 BENEFITS & TRENDS

2016 BENEFITS & TRENDS

4/14/2017

2016 BENEFITS & TRENDS

Read more

Do not blow your chance with great candidates

Do not blow your chance with great candidates

4/7/2017

Interviews are arguably the most important element of a recruiting process, but too often employers let themselves down by failing to properly plan and inform candidates of what to expect.

Read more

10 methods of wrong recruitment must be avoided

10 methods of wrong recruitment must be avoided

4/7/2017

All companies are afraid of hiring the wrong person which causes lots of adverse effects on the company’s operations.

Read more

OBTAINING WORK PERMIT ASSISTANCE

OBTAINING WORK PERMIT ASSISTANCE

3/23/2017

In hanoi, the number of foreign laborers coming to Vietnam has steadily increased in recent years, surging to over 88,000 workers at the end of 2012.

Read more

The role and task of Talent acquisition specialist

The role and task of Talent acquisition specialist

3/22/2017

The Talent acquisition specialist has the role and task of recruiting talented new employees to a given company. This job requires the individual to have excellent communication skills.

Read more

REGULATIONS ON LABOR DISPATCH

REGULATIONS ON LABOR DISPATCH

3/10/2017

The Labor Contract Law of Vietnam or few country in the worlds requires enterprise(s) using labor dispatch services to sign an agreement governing the terms of such services ("Dispatch Agreement") with the relevant staffing agency.

Read more

No more BAD HIRES- TIPS to HIRE WITH PURPOSE

No more BAD HIRES- TIPS to HIRE WITH PURPOSE

1/20/2017

If you want to have a great company, you can’t do so without great people

Read more

Search

Tags