People in the HR world have been tossing around the “war on talent” metaphor for some time now. At first, it may seem a little overly-dramatic, especially in light of ongoing international events, but to hiring managers and recruiters the situation can often seem pretty grim. There’s a significant disparity between the demand for talent (big) and talented candidates (less big), and employers are facing increasing difficulties even sourcing to fill positions. Hiring often becomes even more difficult once the field of applicants gets whittled down because, at that point, the talent you’re courting is being courted by multiple other organizations too. If you’re a recruiter or hiring-manager, all isn’t lost, but you better know what you’re up against before the war gets even worse.
Anyone who’s examined specific numbers in HR knows that the situation is significant and real. A recent study by management consultants McKinsey found that in the field of logistics (not even especially competitive, historically speaking), there is an “an annual demand for 75,000 employees, not a huge number until you consider at present, the industry graduates just 5,000″ (via European Leaders Network). ELN argues that an organization’s procurement function is where the magic needs to happen and that “as procurement continues to move up the corporate agenda, it is beginning to compete with other business areas that have traditionally appealed to the top talent.”
However, many organizations lack the internal resources to maximize their procurement procedure, often because of its position in the corporate hierarchy, which is one reason we recommended increasing investment along those lines. To get the most out of procurement, you need a dedicated, efficient system for sourcing, assessment and delivery.
In a great article for Harvard Business Online, Bob Sutton suggests that many organizations take the wrong approach in their war for talent. His advice works for both hiring and retaining, and he delivers it in five recommendations:
- Superstars are overrated.
- Great systems are more important than great people.
- Create smaller rather than larger pay differences between “star” employees and everyone else.
- The law of crappy people is probably a myth.
- The no asshole rule helps. [a reference to his book]
Essentially, all five boil down to maximizing your hiring system in ways to accurately match talent with specifically determined needs, while avoiding candidates that are likely to cause work-culture problems.
A major part of optimizing your system is presenting it in a way that encourages candidates instead of running them off. Complicated, static online applications often rub talent the wrong way, especially when nobody in the organization follows-up sufficiently. Steve Roesler, at the Roesler Group, says that he has seen talented candidates abandon an application procedure because of a poor online experience.
“I can tell you from first-hand experience that many of the websites are clunky, user-unfriendly, and periodically inoperative. I’ve watched job candidates go through numerous screens, fill in data, and 30 minutes later watch it disappear when they clicked ’submit.’ But it wasn’t submitted. It disappeared.”
At itzbig, our research corroborates the findings above. 82% of the recruiters who participated in our survey for our upcoming talent network said that they have to spend so much time just reviewing resumes that it detracts from their actual recruiting. Similarly, in a recent poll here on the itzbig blog (look in the left sidebar) 64% of our respondents said they didn’t have the time to source ahead of demand. However, we think that staying ahead of demand is one of the best ways to optimize procurement and get to the best talent first, and we think our new network streamlines the process for you so you can get back to placing that talent. So as the war heats up, are you doing everything necessary to ensure that your hiring system doesn’t become a casualty?






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