Korn Ferry

Beyond hire: The long-term impact of

talent acquisition on an organization.

Impact over the long-term

Traditionally, talent acquisition professionals have focused on filling open requisitions. Period. In most cases, performing in a transactional manner, they responded to the ongoing needs of hiring managers and senior leaders to fill positions on a case-by-case basis.

That approach may have been sufficient in the past, but now, with change advancing at a breakneck speed and the war for talent as intense as ever, a more strategic approach is needed. Talent acquisition needs to be about more than just cost per hire.

In our third and final Talent Forecast report, we saw signs that recruitment leaders and businesses are looking at talent acquisition more broadly. The focus on quality of candidate, retention, and performance of hired candidates has increased however, with a lack of internal candidates equipped to manage the leadership challenges of the 21st century, more needs to be done.

Senior leaders and talent professionals need to work better together to develop long-term recruitment and internal development plans to ensure that organizations have talent that is adaptable, agile, and capable of executing and shifting strategies in an ever-changing world.

Key findings from report two

  • While time-to-hire is the top priority metric talent acquisition professionals use in evaluating their performance, it is closely followed by retention and performance over 6, 12, and 18 months.
  • Quality of hire and competition for talent are the two most significant issues that keep talent acquisition professionals up at night.
  • Talent acquisition professionals report that the lack of candidates capable of moving up the leadership pipeline is the number one factor in the shortage of talent and this resonates across all regions.

 

Related Resources

The Talent Forecast
Part Three
Infographic

TAKE A LOOK

TA Leader Survey Report Three - NA Summary Sheet

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TA Leader Survey Report Three - LATAM Summary Sheet

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TA Leader Survey Report Three - EMEA Summary Sheet

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TA Leader Survey Report Three - APAC Summary Sheet

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