ProjectOn

Talent Acquisition

Name: - Aman Bhattacharya Submitted to: - Prof. Sameer

Roll No: - A209 Format: Report writing

Submission Date: - 30th April 2011

What is Talent Acquisition?

Talent Acquisition is the process of attracting, finding, sourcing and selecting on-

boarding of new or existing employees into appropriate positions within the

organization. The process applies to all types of employment relationships, including

full- and part-time employees, contractors, contingent staff, or outsourced worker

relationships.

Key goals of the process are to:

Attract talented individuals to work for the organization.

Complete the full cycle from planning to deployment in a timely manner.

Place the right people in the right positions.

Ensure a pool of readily available talent.

Why is it important?

• The Commonwealth must have the right people to fill the right needs at the

right time.

Success: Effective Acquisition sets the stage for the success of the

agency and the employee.

Cost: Multiple sources identify the cost of a bad hire as 1.5 to 3

times/salary.

Opportunity Loss: The amount of time a need is left unfilled results in

opportunities unrealized and costs incurred.

Plan – The planning phase of talent acquisition involves the development of staffing

plans to meet the needs of the business strategy and operational plans. Such plans

should cover the number of staff required by organizational or product groups, the

timeframe in which staff are needed, the potential source of such staff and the

appropriate employment relationship (e.g., full-time, contingent, contractor, etc.),

their required skills and competencies, and the appropriate budget for the staffing

plan. Once the staffing plan has been approved, HR personnel work in collaboration

with line managers to execute the plan. A typical first step is the processing of

personnel requisitions, which are used to obtain internal approval to hire, and to

track progress against these requisitions. Requisitions may be for a single position or

for multiple positions of one or more job titles. Requisitions are used to track

progress in filling the identified positions, and are used as an authorization for

staffing firms or sourcing channels to act on this requirement.

Source – The sourcing phase involves sourcing these job requisitions through the

selected recruiting channels. Human resource organizations today can easily

manage multiple channels for recruitment including an internal career Web site,

Internet job boards, staffing agencies with their own Web sites, employee referral

programs, university or association Web sites, and directly sent resumes either in

electronic or hard copy form. The sourcing process has been transformed by Internet

technologies that enable human resource organizations to use Web-based channels

to quickly identify a large number of potential candidates. This has been a mixed

blessing since it has increased the challenge of effectively screening potential

candidates to a manageable number of qualified individuals.

Initial pre-screening may be performed as part of the sourcing process. This involves

screening of potential candidates to identify those that meet initial qualification

criteria. Because of the high volume of responses that are often generated from

electronic channels, it may be necessary to conduct an initial screening with

automated techniques.

Assess – The assessment phase includes a range of activities to assess the

qualifications of the applicants that pass initial screening criteria, and to select the

leading candidates for the position. Assessment activities include interviewing,

internal testing programs, third-party assessment services, background checks,

employment verification, and reference checks. The timing of assessment activities

will depend on the company’s policy and the cost or time involved. Certain

assessment testing may be justified prior to interviewing, whereas more extensive or

costly assessment services may be performed with top candidates only.

The selection process involves identifying selection criteria or requirements, creating

interview preparation materials, scheduling and conducting interviews with

appropriate interviewers, comparing interviewer assessments, and determining a

final selection.

Hire – The hiring phase includes activities to coordinate and manage candidate

communications and notifications, offer letter creation and approval, offer making,

negotiations and offer acceptance. These activities may involve one or more top

candidates, depending on the outcome of offer discussions with the top candidate. A

decision to hire results in updates to the organization’s Human Resource

Management System (HRMS).For this reason, integration between the talent

acquisition solution and the HRMS is important.

Onboard – The on-boarding phase traditionally includes all of the activities that need

to occur during the first few days of employment. This includes completing the

required government and company forms, enrolling in the employee in benefits

programs, and providing company policies and other information as part of the “new

hire package.” It also includes conducting an initial employee orientation to the

company – i.e., its policies, practices, and departmental procedures – and

introducing the employee to team members. Beyond these traditional on boarding

activities, the new approach to on-boarding may include any number of activities

from the first day of employment up until the employee is productive on the job.

This sometimes involves several days of training in company administrative

processes, multiple weeks of formal training in job duties, a testing or certification

program to ensure the employee has learned basic job duties, and a mentoring

program to assist the employee on first assignments. Organizations are extending

the definition of on-boarding, because they realize that the faster new employees

become productive on the job, the more money they save.

All five phases of the talent acquisition life cycle should be focused on the core

theme, to “attract” talent. In this manner, all five phases work together to achieve the

organization’s talent acquisition goals.