When great talent is scarce you have to wonder why many organisations do not invest more time into the planning side to truly understand what the skills are that they will require, in what locations and what volume? It is 100% true that if this were done more frequently then the investment in the actual recruitment would be reduced as result of improved pipeline management and low cost candidate generation.
The lack of planning often results in more expense as the urgency to fill a role drives agency hiring at greater cost whether through a direct model or RPO.
Social media, employer branding and channel planning are all highly effective tools that are under utilised due to the lack of timely workforce planning.
A new global study by the Futurestep division of Korn Ferry states that talent acquisition professionals worldwide are not effectively mapping talent acquisition efforts to business strategy and not using tools that help make the talent acquisition process streamlined and more efficient. According to Futurestep’s ‘Talent Forecast’ global survey of more than 1,100 hiring professionals, 39% of respondents report that their recruitment team is aligned to their organisation’s business objectives, and 29% admit they don’t have a strategic workforce plan which helps them map future talent needs to business strategy