To deliver accelerated business growth, talent acquisition (TA) needs to make rapid impact. Hiring velocity, sustainable talent pools & hire quality are all critical to achieving strategic business goals.
Hiring the right people at the right time is imperative for any business, however many of the HR & Talent Leaders I’ve spoken with recently feel they’re facing tradeoffs in TA; too much focus on hiring velocity can impact hire quality, and when quality becomes a foremost goal, there’s a risk to time-to-fill.
They find themselves asking: what’s worse for our company – the cost of a swift but bad hiring decision, or the impact of an empty seat on revenue/growth!?
Through my experience in designing acceleration programs for clients, I know first-hand that businesses and TA teams don’t need to compromise. Material impact comes down to alignment, forward planning and a multifaceted mobilization strategy.
Any accelerated TA program needs upfront preparation to help define exactly what’s required. Reflecting on previous success stories, I’ve identified that accelerated impact was realized quicker as a result of structured due diligence; ‘Assess’ > ‘Plan’ > ‘Listen’ > ‘Evaluate’.
So, you’re on the back foot, how can you easily pivot to adopt a more strategic approach to talent acquisition?
The answer is, dedicate resource to this agenda! Investing in the right resource and developing a focused acceleration strategy that you can later evaluate/dovetail BAU activities into, ensures you strike that balance between current/future hiring velocity and hire quality, without causing operational disruption.
If hiring budgets hinder your ability to leverage any of these 5 steps, you can still keep pace with an accelerated business growth plan by just shifting your talent acquisition approach (and mindset);
Next post; ways to ‘Modernize’ talent acquisition for commercial impact.