Talent acquisition as a digital experience
Do you know new ways to retain staff?
Nowadays, recruiters work on employees and abilities shortages. Deloitte’s survey found that most business leaders believe that talent acquisition is a critical issue. Also, the workforce is changed by the social collaboration, crowds, artificial intelligence and other technologies. Successful companies are creating new innovative models to meet new needs and trends.
Choose the best strategy for your company
Some organizations provide meaningful conversations with top performers to figure out their motivators and retain them accordingly. Many successful companies including LinkedIn and Cisco use HR hackathons where recruiters and people from other fields of business look for new ways to improve recruitment and employee retention. For example, LinkedIn’s hackathon has gathered the interns to solve the challenge of engagement starting from the interview. A team from Yale University created the best idea with a machine education-based app that provides feedback from the managers, describes job vacancies according to the persons’ preferences and skills, and helps to reach stuff or other interns who may support them achieve their purposes. Another example is Cisco’s HR meetup that was aimed to generate innovative HR solutions within one day. Different teams have created 105 new solutions to fulfill global HR challenges. These examples show us that hackathons allow developing new solutions in creative ways and very fast. Hackathons are useful tools because they bring innovation within a limited amount of time. For instance, Cisco employees decided to create an app to support new hires and their managers. Many ideas are generating with end-used in mind that enable recruiters to be more effective.
Other tools may be productive as well. For example, historical data helps to predict the company when an employee decides to leave, and this strategy has the valuable ROI. You have to be serious about talent acquisition, employee engagement and recognition strategy in order to ensure the company is achieving the appropriate result. The expected ROI must be viewed before beginning any main spend. HR’s role is to align these programs to the entire company’s strategy and it will bring greater performance and better results.
Pay attention to the company’s brand
Creating a strategic employment brand helps to retain staff as well. Visible and attractive brand plays a big role in candidates hunting and talent acquisition. Companies need to review how they present their value proposition to the employees. For example, Dell updated the company’s websites to involve attractive candidate-focused content. They created a job search optimization as well and video, blog posts to describe their brand. Employees describe their experience at Dell in the videos that are posted on the different social networks.
Implement tech tools
PredictiveHire figured out that companies may approximately save million dollars by applying a pre-hire evaluation tool. Artificial intelligence and a video interview are new trends to recognize exceptional talents and reduce time-to-hire.
Watson’s machine learning platform classifies the priority of resumes, provides a review of feedback on Glassdoor and on social media and matches candidates with the employers. These technologies use data and advanced cognitive abilities to make predictions. Successful companies also start using simulations and games to attract millennials and check whether the candidates fit the roles.
Many successful companies use new ways such as hackathons to solve HR challenges. They work on employer brand and try to fulfill top performers’ preferences to retain staff. New technologies allow reduce time to hire and provide a process more accurate with higher retention rate.
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