Your Guide to AI Talent Acquisition

AllyO

Today’s operating environment demands that companies turn talent acquisition into a competitive advantage, and artificial intelligence is key a stepping stone toward this goal. In this article, I draw on my more than two decades in HR tech as well as the expertise of other leaders to explain: In this article: How AI transforms every phase of talent acquisition. AI best practices for executive talent acquisition. How AI can help today’s talent crisis.

Talent Acquisition vs. Talent Management vs. HR: A primer

Workable

The terms Human Resource Management , Talent Acquisition and Talent Management are often used interchangeably, despite being different functions. Here are some frequently asked questions about HR, Talent Acquisition vs. Talent Management: What are the disciplines of Human Resource Management? How do you define talent? What is Talent Management? What is Talent Acquisition? Why is Talent Management important?

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The True Meaning and History Behind Talent in Talent Acquisition

Workology

We use the term ‘talent’ a lot in HR and recruiting but what is talent really and how important is it to our organizations? The History of Talent. The word talent is of Latin origin meaning to scale, balance and sum. The weight of talent and its value were equivalent to a naturally occurring precious metal including gold and silver. Is it simply just the idea of having the most talent that lends to creating and growing a successful company?

How To Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. However, knowing your turnover rate does little to support strategic business plans. To achieve true insight, a more in-depth analysis of what’s causing turnover in different parts of the organization is required. Look For The Causes of Turnover.

The "Next Big Thing" in Talent Acquisition

Cielo HR Leader

Meanwhile, the market for healthcare talent grows exceedingly difficult: reports abound of hospital staffing ratio concerns linked to patient deaths, as hospitals face shortages of critical staff. HR professionals face intense pressures in this challenging environment to maintain adequate staffing ratios – and employ high-quality talent – while being diligent about cutting costs. We needed an outside partner to reassess and refocus our talent acquisition strategies.

How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. However, even for progressive brands like Foot Locker, simply knowing the turnover rate does little to support strategic business plans. Why should HR make employee retention a priority? HR analytics’ or ‘talent analytics’).

How To Reduce Employee Turnover with Workforce Analytics

Visier - Talent Acquisition

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority?

The Top 10 Strategic HR and TA Metrics That CEOs Want to See

Visier

The top 10 talent metrics that I have found to have the highest chance of getting your CEO’s attention are listed below. The improvement in the performance of new hires (quality of hire improvement) — this overall talent-management measure originates in recruiting. In addition to the performance improvement percentage of new hires, this measure can be augmented with new-hire retention rates and the percentage of diversity hires in key jobs.

A Guide to Adopting a Costing Model for Turnover

HRsoft

Because some ramifications of turnover are more difficult to measure than others, it is advisable to focus on data points that are measurable, indisputable, and relevant to operations in your company when performing an analysis. It is more important for a turnover cost model to have support from leadership than it is for it to be all-encompassing. To begin costing turnover, start by gathering a cross-functional team.

New Virtual Reality

HRO Today

According to Corey Shaw, assistant vice president of talent acquisition, the company’s success began with a strong foundation. “It It always starts with having a really strong baseline process that’s published and clear on the roles and responsibilities of the talent acquisition function,” he says. “We While a pressing necessity drove organizations to transition to a virtual talent experience, many may experience additional benefits.

Replacement Planning: 3 Steps to Develop Your Organization’s Strategy

HR Bartender

(Editor’s Note: This article is an excerpt from my new book, “ The Recruiter’s Handbook: A Complete Guide for Sourcing, Selecting, and Engaging the Best Talent “ (SHRM, 2018) SHRM members can order a discounted copy at the SHRMStore. A certain amount of turnover is healthy for the business, as are certain types of turnover (for example, the dismissal of a toxic employee). Even if you’re using talent pools for employee development, replacement planning can add value.

Maximize Redeployment Rates to Boost Your Staffing Agency’s ROI

AllyO

Turnover rates have hit a 17-year high. Source: A Data-Backed Analysis of Top Staffing & Recruiting Firms. To break it down a bit more, here’s why prioritizing redeployment is advantageous for agencies who want (and need) to outpace their competitors and move their bottom line: Redeployment enhances your talent pipeline. In today’s competitive hiring environment, a strong talent pipeline is key to meeting client demand. By keeping tabs on the talent journey.

Can We Meet Employees on Their Terms?

Aberdeen HCM Essentials

The Talent Pool is Shifting. The bifurcation in the market for qualified talent also means that skilled workers have a lot of options when they want to improve the quality of their work engagements. For employers, this means shrinking talent pools for nearly every role, coupled with increasing competition for talent from industries they never used to formally compete against. Talent branding| 36%. Talent pipeline management| 34%.

Retain the Best Employees and Develop More Talent

InforHCM

An integrated talent management system incorporated into the business strategy, to support daily human capital management processes provides a higher level of management capability. Turnover rates decline and employee satisfaction improves. Companies that focus on attracting and developing talent, increase efficiency. Talent management requires four business management components: Workforce Planning. Recruiting and Retention. Talent Acquisition.

How to use science to understand and transform your culture

InforHCM

Talent Acquisition strategies traditionally align HR with the business, but is there more to consider? Organizations who use talent science understand their workforce’s cultural behaviors and its relationship with performance data. The insights garnered from scientific analysis enables organizations to utilize the information across the talent life cycle. Scientific cultural insight provides a high degree of predictability for retention.

How To Prepare For A Manufacturing Labor Shortage

SuccessFactors

This could lead to wage inflation and an unhealthy war for talent, which could in turn adversely affect the overall productivity and profitability of the entire industry. Build a culture of learning, mentoring, and knowledge retention within the organization. Attract the best talent by building a brand and being recognized as a leading employer. Retain talent by helping employees grow and building an environment of trust and deep engagement.

What Your HR Team Can Do During a Hiring Freeze

Hireology

While we were on a freeze, I saw it as an opportunity to focus on broader Talent Acquisition strategy. I conducted a SWOT analysis to inform improvements I wanted to make.”. Elise Peterson, Talent Acquisition Specialist at Hireology. Utilize Current Talent.

Fact or hype: Do predictive workforce analytics actually work?

Visier

So, how can you ensure a vendor’s claim to predict employee retention risks is valid? In PwC’s 17th Annual Global CEO Survey, CEOs identified “talent strategies” as the number one area they are focused on changing to capitalize on global trends. On top of that, Bureau of Labor Statistics data shows that it is harder and harder for companies not only to hire, but also to retain, talent. As a result, retention is a key objective for most HR organizations — understandably.

Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls

Visier

One fascinating source of information that the BLS publishes is known as JOLTS , or Job Openings and Labor Turnover Survey. We are in an unprecedented war for talent: companies cannot hire fast enough to keep up with their workforce demands. While this has obvious connections to the talent acquisition team, there are also broader impacts back to the HR department as a whole. Today’s Talent Shortfalls. Turning Talent Decisions Into Business Decisions.

HR: Workforce Dynamics Are Driving Change In Oil And Gas

SuccessFactors

As an oil and gas HR executive, you know that downsizing, restructuring, and mergers and acquisitions are a way of life. Access to talent was rated the most critical issue facing oil and gas companies, according to Oxford Economics’ and SAP SuccessFactors’ Leaders 2020 joint study. The industry’s talent profile is changing. Those responsible for leading talent acquisition, growth, and retention will increasingly be in pivotal roles.

HR: Workforce Dynamics Are Driving Change In Oil And Gas

SuccessFactors

As an oil and gas HR executive, you know that downsizing, restructuring, and mergers and acquisitions are a way of life. Access to talent was rated the most critical issue facing oil and gas companies, according to Oxford Economics’ and SAP SuccessFactors’ Leaders 2020 joint study. The industry’s talent profile is changing. Those responsible for leading talent acquisition, growth, and retention will increasingly be in pivotal roles.

Guest Post: How Gamification Can Improve the Customer Service Experience for the Modern Workforce

Brandon Hall

Some of the key drivers for an engaging gamified learning experience should be: Increasing employee job satisfaction, collaboration and retention. In traditional classroom-based training, a marker is used to write scores on leaderboards, based on supervisors’ analysis of employees’ performance. Gamification helps recognition of top talent , their progress as a team and more.

Turn Quality of Hire into insights for a competitive advantage

Bersin

Finding the right high-performing talent is a key imperative in today’s highly competitive market—it’s tough to win with less-skilled, less-motivated, and less-culturally-matched people on your team. And business executives are keenly aware of this fact—Quality of Hire (QoH) is the Talent Acquisition (TA) outcome that matters most. What is needed is a systematic approach using integrated TA and HR/talent data to identify patterns to guide decision-making. Retention?

Does Digital Transformation in the Recruitment Industry Provide a Competitive Edge?

Pragna Technologies

As most companies shifted to remote working, the recruitment industry had to adopt specific changes to ensure seamless high volume talent acquisition. Quick Analysis. Therefore, every employer must create an employee-friendly image in social media to attract the top tier talents.

Strength in Numbers

HRO Today

This major acquisition added more than 50 percent headcount to the already 45,000-plus global workforce. He also shares two enablers of Cigna’s talent strategy: data and unique employee benefits. What are some challenges that came with the acquisition of Express Scripts and how is HR navigating them? The fear of the unknown has always been one of the big human capital challenges when it comes to an acquisition.

Small, Medium, and Large: How HR Teams in Small and Medium Sized Businesses Benefit From Big Data

Hyrell

HR expert Josh Bersin has suggested that “talent analytics” is a better term for big data applied to Human Resources. The goal of talent analytics initiatives is to drive better performance from the workforce. Data analysis can be used to support a wide variety of HR concerns. Examples of ways that SMBs can use talent analytics include: Identifying the employee characteristics that are associated with high levels of performance.

RPO Improves Long-Range Talent Placement

Aberdeen HCM Essentials

As organizations struggle to get the right talent to the right place at the right time, Recruitment Process Outsourcing (RPO) is improving the odds of hiring and retaining top talent. A recent survey showed that for every 1% increase in the likelihood that companies will expand their spend on RPO, they increase the likelihood of reducing employee turnover by 47%. How Are the Best-in-Class Recruiting Top Talent? RPO Improves Talent Placement.

5 steps to get started with people analytics

Zoho People

Many organizations have started investing in applications that use people data to assist with talent acquisition and management, performance management , employee retention, and strategic workforce planning. A data-driven approach also allows your organization to provide excellent employee experiences, reducing employee turnover. With this, you can design specific employee-centric programs to improve retention by tackling your organization’s weak points.

What is HR Analytics?

TalenX

It is a method of data analysis wherein employee data is routinely collected by HR, and this data is used to understand how the company can ensure organizational success. This data includes employee profiles, performance, data on high-performers and low-performers, employee demographics, salaries, promotions, training, attendance, engagement, retention, and turnover. Turnover rate – The rate at which employees quit their jobs after a given year of working at an organization.

Data Management For A Data-Driven HR Organization 

SAP Innovation

Predictive and advanced analytics examples like this can be employed across the HR spectrum: Recruitment: Taking the guesswork out of talent acquisition and identifying the best ways to attract suitable candidates who stay with the company for longer. Employee engagement: Using sentiment analysis in emails and other communications to determine what employees are really thinking and feeling. What does data-driven HR look like and how can technology help achieve it?

Data Management For A Data-Driven HR Organization 

SAP Innovation

Predictive and advanced analytics examples like this can be employed across the HR spectrum: Recruitment: Taking the guesswork out of talent acquisition and identifying the best ways to attract suitable candidates who stay with the company for longer. Employee engagement: Using sentiment analysis in emails and other communications to determine what employees are really thinking and feeling. What does data-driven HR look like and how can technology help achieve it?

10 Assignments For Human Resource Managers To Develop Future Skills

CuteHR

Create and present new dashboard to CHRO including key metrics and qualitative analysis. Objective : Plan the Human side of your company strategy so it can meet its turnover, profitability, or sustainability targets. Objective : Retain and develop talents.

The Role Of HR Analytics In Workforce Planning

Get Hppy

An unprecedented increase in job openings shows that the demand for talent is forcing companies to plan better and recruit better. The most recent JOLTS , or Job Openings and Labor Turnover Survey published by the US Bureau of Labor Statistics , puts the the latest job openings level registered in November 2015 at 5,431,000(p). This analysis needs to be followed-up with a measurement of talent gap risks, meaning talent demand, workforce gaps and risks, and talent supply.

Using people analytics to get to High-Impact HR

HR Times

Deloitte’s 2017 Global Human Capital Trends report tells us that 71 percent of surveyed executives see people analytics as a high priority, and are applying it to talent challenges, as you might expect, particularly in recruiting and also in performance measurement, compensation, workforce planning, and retention. Protecting the organization’s ability to retain top talent by proactively predicting attrition risk and identifying cost-effective interventions.

8 Important Recruiting Metrics You Must Track Today

Get Hppy

However, while three-fourths of HR professionals know the value of talent analytics whether they have a plan in place or not, this report finds that less than a fourth of companies use them at all. The proper analysis can show the recruiter what is working, what needs improvement, and what needs to be eliminated in the hiring process. Anything lower than 58% when recruiting new graduates may indicate a problem with your talent acquisition plan. The Retention Rate.

Tackle Affinity Bias With These 3 Steps

Visier - Talent Acquisition

It’s also about creating an employment brand to attract and retain diverse talent. Taking a “hiring for retention” approach not only helps reduce turnover costs, it strengthens succession plans by increasing the diversity of “ready now” candidates for more senior roles.

Karen Antrim's Take on HRTech

Select Software Reviews

The following is an interview with Karen Antrim , a thirty year hiring and talent acquisition veteran. 13 years ago, I became a Talent Sourcer providing dedicated sourcing to a group of 8 recruiters. I also provided advisory services to a community of Healthcare Talent Acquisition professionals. Arena Predictive Analytics uses job req disposition date from the ATS to predict retention of candidates applying for the job.