In the third quarter of 2022, 50% of small business owners said it was harder to hire than it was a year ago. This means you’re part of this demographic, and without some change, your company might struggle to stay afloat.
You need an optimized hiring process to turn things around. However, in order to get that, you need to first understand some key terms.
Keep reading to find out the difference between talent acquisition and recruitment. That way, you’ll have more focused effort on each.
What’s Talent Acquisition?
Talent acquisition is the process of identifying, attracting, and acquiring skilled and qualified individuals to fulfill specific roles at your business. The goal is to ensure that you have the right people in the correct positions. As a result, you’ll achieve your objectives effectively.
The stages usually involve:
- Workforce planning
- Candidate screening
- Offer management
- Employer branding
- Data analysis
Talent acquisition aims to build a strong talent pipeline for both the present and future. Click for talent acquisition services if you’re interested.
Recruitment is similar to talent acquisition, but is a broader term. It refers to the actions and processes involved in identifying and attracting potential candidates for specific job openings.
It has similar (if not identical) steps to talent acquisition. However, the key difference is that recruitment only focuses on immediate hiring needs, while talent acquisition focuses on both immediate and future needs.
Talent Acquisition vs Recruitment
As we’ve just mentioned, one of the most immediate differences between the two is that only talent acquisition fulfills the future needs of a business. Because of this, talent acquisition is proactive and strategic, while recruitment is more reactive. The latter can also be strategic, but its main goal is to fill positions quickly.
In addition, talent acquisition is a continuous process, meaning it happens even without current job openings. On the other hand, recruitment is triggered by job vacancies.
Because there’s a continuous process with talent acquisition, you can expect to cultivate relationships with candidates even before they apply for a job with your company. You’ll build a rapport and nurture their interest over time. Recruitment only begins when candidates express interest in applying for a job.
Reasonably, talent acquisition is something used on a long-term basis. You’ll only need job recruitment services when you have immediate staffing requirements.
Know the Difference Between Talent Acquisition and Recruitment
Now you know the difference between talent acquisition and recruitment.
The two sound very similar, and some may even use them synonymously. However, that’s a mistake, as there are key differences that make one more pressing than the other, depending on your company’s needs.
But because you’re now more informed, you’ll be able to pick the correct one at different times to ensure your business runs smoothly.
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