HIGHLIGHTS FROM THE RESEARCH:
About half believe the overall level of talent in their organization is above average. Respondents seem to have a higher opinion of the talent of their overall workforce than they do of their talent acquisitions department. Although only 5% of participants rate their organization's talent acquisition function as top-notch when compared with others in their industry, nearly half (46%) say their company is above average in this respect. This still leaves about half of HR and TA professionals who believe their overall organizational talent is average or worse. Overall talent can be influenced by more than just talent acquisition. For example, employers can use a good learning and development (L&D) function to boost the capabilities of their workforces.
Few say hiring great talent is their top priority. We found that most organizations (81%) say hiring the best talent is among their top 10 priorities. Fewer, however, say hiring great talent is their top priority (17%) or among their top three priorities (26%). We should keep in mind that this data was collected after the start of the Covid-19 pandemic, indicating that hiring great talent is a high priority even amid the beginnings of what may be a serious economic downturn. During such times, regrettable hires may be even costlier. Moreover, organizations with a strong commitment to hiring top talent could be better positioned for success once the economy starts to recover.
Applicant Tracking Systems (ATS) are the most widely adopted technology. Seventy-seven percent say they use applicant tracking systems, a long-established recruiting tool. However, new technologies emerge every year. Referral systems/platforms are comparatively new and are now used by the majority (54%) of HR professionals. Recruitment marketing applications are also comparatively new, and one-quarter currently use these systems. Forty-four percent use video interviewing, but this will most likely grow in coming months. With social distancing guidelines in place for the foreseeable future, video interviews are a logical choice.
To learn more about The Future of Talent Acquisition 2020 survey and to get strategic outcomes and 7 key takeaways from this exclusive HR.com Research Institute research, please read the complete report and infographic here:
