Talent acquisition and you: Six key stats

posted by Sponsored by Cielo
9 November 2018

This piece of content is sponsored by Cielo.

Talent acquisition is increasing in complexity and talent acquisition leaders around the world are under pressure to help their organisations change and grow.

Cielo’s global Talent Acquisition 360 report explores the differing views the C-Suite, HR, the business and procurement have on talent priorities, effectiveness, technology, and measures of success. Aligning these stakeholders is critical to the success of your talent strategy for 2019 and beyond. 

While all stakeholders are generally optimistic about the effectiveness of their talent acquisition efforts, procurement rated hiring manager satisfaction as the top success metric but HR, business, and the C-Suite preferred quality of hire. 

Here are six key findings to help you assess and refine your own talent operating model. To read the full report, which contains greater detail on stakeholder perspectives, metrics for success, experiences from over 200 job seeker and key recommendations, click here.  

1. The C-Suite is the most optimistic

They are two times more likely than business leaders to think that their organisation’s talent acquisition priorities are highly effective and 20% more likely than HR leaders to believe that they will play a key role in talent decisions.

2. Technology implementation is not a priority

Only 10% of companies identified new technology implementation as a priority for talent acquisition, yet rated uses of technology for processes like background screening and assessments as greater contributors to results over AI and ATS. 

3. The workforce balance is shifting from permanent to contingent

On average, contingent labour makes up nearly 30% of a company’s workforce. A further 65% of companies said they expect that flexible workers/contingent workers will eventually replace some of the work currently being done by FTEs. Which is why… 

4. …Total Talent Acquisition is a priority for every stakeholder

90% of respondents believe that Total Talent Acquisition needs to be a priority for their organisation. While stakeholders agree that Total Talent is a priority, HR and procurement disagree on who owns it - 65% of procurement leaders believe that they have ownership over it, but 68% of HR leaders believe that they do.

5. HR and the business are more closely aligned

Cielo’s 2015 research found a significant gap between how the business and HR perceived talent acquisition priorities. In 2018 the gap has narrowed, and these two stakeholders are more aligned.

6. Candidate communication is falling short

Stakeholders identified candidate experience as one of the most important metrics for success, however most companies fall short when communicating with candidates. Only 50% of candidates said they heard back from a company “sometimes.”

To read Cielo’s full Talent Acquisition 360 report click here.

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