In the world of business, you will notice individuals using some terms interchangeably, but you will be surprised that such terms will have a slight or major difference. For instance, the terms talent acquisition vs recruitment have long been used interchangeably, but there is a difference. This article will help you to know the difference between talent acquisition and recruitment.
Talent acquisition vs. Recruitment: Know the difference
The main difference between talent acquisition and recruitment lies in the time span. Recruitment is the act and process of making a job advert, receiving applications, screening candidates, selecting the right candidate based on the skills and competency of the candidates, and the eventual onboarding process. In most cases, a job advert is made in order to fill an open position. This is a reactive process.
The recruitment process lays a strong focus on the immediate needs of the business. This is active hiring in order to fill the open and current vacancies. It follows pre-defined rules and regulations and a standard procedure and is often done in conditions such as staff turnover or the advent of a new use.
Talent acquisition is bigger than any position or moment. It looks at the bigger picture and tends to be biased toward long-term business commitments. This process is based on prior business strategic planning. For example, acquiring a new company will require a significant number of employees, and so is expanding to the overseas market. This is a proactive business process.
Talent acquisition also looks at how a company can focus on the growth and development of its current employees. This is more so when you are dealing with employees who show a lot of potential for growth and career progression. It also aims at preparing for events that are unexpected, such as a high employee turnover.
Another critical thing to note about talent acquisition is that it uses multiple professionals who identify the human resource needs of the company. Similarly, decisions are made at multiple levels in order to arrive at concrete decisions that will stand the test of time. In particular, company experts identify candidates who can fit into the culture of the company.
Having stated that, recruitment seeks to fill a current position, and as soon as possible. Talent acquisition looks at the longer-term needs of the company and may hire a candidate even when a position is not open yet. Whereas the recruitment process is standardized, the talent acquisition process is dynamic and flexible.
Benefits of Talent Acquisition and Recruitment
The recruitment process helps in meeting the immediate needs of the company. One of the greatest advantages of being committed to the recruitment process is that there will be no disruption in productivity. In addition to that, the existing employees are not going to have a burnout.
Talent acquisition, unlike recruitment, plays a critical role in employer branding, and the incremental building of the company’s brand. Employer reputation has a great bearing in determining the branding of the company. Talented employers are hesitant to join a company that has a bad reputation for the treatment of its employees. Talent acquisition looks at human resource issues from a broad perspective and helps in branding the company.
For an optimal business experience, you need both the recruitment process and talent acquisition. Both processes will help in creating a balance between meeting the short-term needs of the business, and their long-term ones. The recruitment process will help you achieve a productivity flow and talent acquisition will help you to look at the employees as a long-term investment. The bottom line is that you should develop strong policies for both the recruitment process and talent acquisition.
Concerning the recruitment process, you can do it yourself or have an in-house recruitment process, or you can outsource this process. There are many ways of doing talent acquisition including the use of services of talent acquisition partner.
Conclusion
In the contest between talent acquisition and recruitment, talent acquisition is the winner. This is because it approaches issues and people from a strategic investment point of view, and looks at the long-term stability of the company. Overall, talent acquisition brings a high rate of return on investment (ROI).
