Talent acquisition bring long-term success
Globalization and its strong effect on Vietnam economy has made the local market hyper competitive. The ability to attract and keep the right labor force alongside is one of the most crucial factor for business innovation and growth. Having the throughout strategic talent recruitment planning will convert the traditional role of a CEO into a Chief Human Resources Officer, or CHRO.
Modern CEOs today take the active role in investing in the most effective tool in order to win the heart of top senior staff.
No individual himself can lead the organization to future success. Therefore, hiring the right candidates to fulfill different organizational roles is considered to be the most crucial factor of any company’s business plan. Investing into human resources is a must in both short and long term. Recruitment is not only about filling the current vacancy, it also involves continuous collecting, reviewing of data and keeping relationship with potential candidates for future demand for talent. In order to do this, sometimes you need to have widespread network with outstanding employee in the industry.
Always prioritizing talent acquisition over recruitment
Keeping the work of talent acquisition at the heart of your company acquisition is vital for any CEO to ensure the business success. A good CEO is definitely not a “do-it-all” person, but rather a person who can find competent people in different fields together to support him. Therefore, it worth investing time and money into finding the qualified candidates. Final recruitment decision should never be made hastily just because you are in the rush to fill a current vacancy. Do keep in mind that human resources are the biggest and most vital assets; therefore, top priority, care and thought should be given during the recruitment process.
Low priority for talent acquisition may lead to mediocre and bad recruiting and ineffective hire would cost a company more money, resources and time compared to initial investment for finding the best talent. Additional cost for training and time would defect the business. Moreover, hiring the wrong person to perform any functions can result in high risk of mistakes and decrease in productivity
Staffing costs, training costs, and lost time can all hurt your company’s bottom line. Additionally, having the wrong person performing any job functions can lead to an increase risk of errors and lowered productivity.
In Vietnam, normal company leaders often consider human resources as an administrative afterthought and do not effect the overall organizational strategy much. However, it is the wise leader that consider talent acquisition as a continuous and long term task rather than a contemporary strategy at the time of filling the opening position. By investing in human resources, CEO can lead the organization to innovate and surpass other competitors in the market, opening up opportunity to scale their business over time.
Faro Recruitment Vietnam JSC with full package service in talent acquisition in the long term, will play side by side with CEO in order to make the best talent acquisition strategy. By improving talent acquisition outcomes, we will help company leaders to cut costs, fulfilling long term financial responsibility to the organization.