Organizations across the globe are faced with many challenges today, and optimizing their talent acquisition process is a significant one. In fact, a recent study revealed that 75% of companies struggle to recruit effectively. A lot of time, effort, and resources are required to construct a talent acquisition process that meets each one of your organization's talent demands, and there are some common TA pain points that organizations typically have to navigate throughout the process.
In a recent LinkedIn poll that DZConneX shared, we asked our network, “What is your organization’s biggest talent acquisition pain point?”. 22% of respondents chose cost savings, 6% responded scalability, 61% said time-to-fill, and 11% chose other. Although it can be difficult to manage these TA pain points that plague many organizations, the good news is that there are proven strategies to overcome them.
Common Talent Acquisition Pain Points
So how can your organization combat these talent acquisition challenges? One of the best ways is to work with a talent solutions partner. Talent partners have the expertise to optimize your talent acquisition process by customizing a solution to meet your unique needs.
Let’s explore why the following pain points exist and how a talent partner can help you overcome each one.
Cost Savings
Organizations incur many expenses during the talent acquisition process, including recruiters’ salaries, background checks, interview costs, referral programs, recruitment technologies, etc. It’s difficult to avoid these expenses if your organization is handling the talent acquisition process entirely on its own because you probably would not achieve your recruitment goals if you cut out any of these expenses.
It can also feel like some talent acquisition costs are wasted on candidates that do not end up becoming employees. If you go through the full process with a candidate who does not end up accepting the job, it can feel an expensive waste of time. However, with the help of a talent partner, cost savings are possible.
How a Talent Partner Can Help:
Considering talent is one of a company’s greatest assets, it’s worth it to spend money on talent acquisition efforts, but you need to make sure you are spending it on the right things. Utilizing this budget to work with a talent partner is a great way to attain the results you want, and it will likely cost less than handling the process on your own would.
One major opportunity for cost savings is with technology. Talent partners provide their own recruitment technology for their clients to leverage, so organizations will never have to invest in their own technology. Additionally, talent partners have qualified candidate pools that are readily available which makes it easier to find the right candidates and avoid wasting resources on unfit ones.
Scalability
Many companies struggle with scalability because when needs change and hiring demand decreases, they want to scale back their TA team to cut costs and reallocate resources. And when hiring demand increases, they want to immediately start hiring again, but it’s not that simple. It takes time to build your TA team back up, so organizations fall behind their competitors who have their scalability issues under control.
How a Talent Partner Can Help:
A good talent partner will scale their services up or down as you request it so you can stay aligned with fluctuating demand. And since talent solutions providers are experts at what they do, there is no transition period for them to get ready to hire again – they have the resources to jump back in immediately, maximizing productivity and efficiency.
Time-to-Fill
Based on our poll results, time-to-fill was the biggest TA pain point for the majority of companies. If your organization has a slow time-to-fill for your open positions, it will lead to a slew of issues: overall productivity will decrease if a position goes unfilled for too long, candidate experience will be negatively impacted, top candidates might walk away from the process and work with your competitors instead, hiring costs will add up over time, etc.
The reason why many companies struggle to deliver a quick time-to-fill is because the talent acquisition process is complicated and has many moving parts − which is why a talent partner is there to handle it for you.
How a Talent Partner Can Help:
One of the primary benefits of working with a talent partner is that they have quick access to the best candidate pools so they can fill a client's open positions in no time. They can also handle all administrative duties throughout the hiring process to take those time-consuming tasks away from your internal team. Considering your talent acquisition process would be the talent partner's priority, their sole focus is to efficiently fill your roles. A quick time-to-fill is important to most candidates, and it can be a determining factor in whether or not they accept your job offer.
Other
Another notable talent acquisition pain point that some companies struggle with is a lack of diverse hires. Another big one is organizations who struggle to track vital talent acquisition metrics that reveal what stages of their process need to be improved.
How a Talent Partner Can Help:
Talent partners have the expertise to identify and attract diverse candidates because they know exactly where to look and how to create inclusive job postings. They also have the best tools and processes in place to track metrics and TA analytics for their clients. They can then make recommendations on how to improve clients' processed based on the numbers.
With all the capabilities of a talent partner, your TA pains and challenges should be eliminated for your organization. Selecting the right partner will ensure that your talent goals are met without the stress that's typically experienced throughout the talent acquisition process.
