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How Organizations Identify and Hire Great Talent: An exploration of today's recruitment challenges and tomorrow's solutions
AUGUST 2018
Talent acquisition practitioners are facing a range of serious challenges, and those who are best able to meet these challenges will likely gain large advantages in today's labor marketplace. Today's talent acquisition function is ripe for disruption, according to new research conducted by HR.com in partnership with the IBM Smarter Workforce Institute. Read the exclusive research to gather insights on issues such as quality and cost of hire, to identify challenges that arise from regrettable hires and to learn how aggressively employers are moving to adopt new talent acquisition technologies.
HIGHLIGHTS FROM THE RESEARCH:
Today's employers face a uniquely challenging environment. With the economy maintaining its momentum and unemployment hovering at its lowest level in 18 years, they must search a talent pool that is not only relatively small but is also shifting in terms of demographics and skill sets. The study shows that the greatest talent acquisition hurdle is simply finding candidates with the right skill sets. More than two-thirds (68%) of respondents said that was among the most difficult challenges they face.
What can organizations expect in the future as artificial intelligence becomes more integrated into TA solutions? When asked what outcomes they would most like to achieve using AI, 57% cited the ability to fill open positions more quickly, while 51% want to spend less time sifting through resumes. But—and this is critical—they're not willing to trade quality for speed. Notably, 54% want AI to help them improve the match between candidates and jobs. In short, they are hoping that AI simultaneously can improve speed, quality and the overall productivity of the TA process.
To learn more about the research into How Organizations Identify and Hire Great Talent and to get 8 key takeaway from the study, please read the full report here:
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