When a talent acquisition organization is not run at peak performance, it could be losing top talent and more than likely, leaving a pile of money on the table. In a study by Bersin, Deloitte Consulting LLP, “Bersin’s research indicates that companies with high-maturity talent acquisition functions exhibit 18% higher revenue and 30% greater profitability compared to companies with low-maturity talent acquisition performance.”
Talthos approaches TA optimization from the four foundational elements listed to the right.
TA Technology
TA Process
Metrics
Recruiter Effectiveness
TA Technology
75% of large companies use an ATS according to Capterra. And, the ATS is usually the backbone of the TA technology. We can review the workflow within the ATS to ensure it is being fully utilized. There are many steps in the workflow that can be automated in the ATS, Talthos can also access and recommend places in the workflow, that if automated, would lead to efficiency and consistency in the workflow.
TA Process
Beyond the TA technology is the actual process that is in place to move from job approval and posting thru to onboarding. Talthos can review the entire TA lifecycle to uncover inefficiencies and pinch points and, using our 25 years of experience, can develop recommendations and implementation plans to improve the effectiveness of the entire process.
Metrics
The third foundational element is the metrics that are in place to manage and monitor the TA organization. Talthos can draw on extensive experience from both in-house and Recruitment Process Outsource TA to assist an organization in assessing and modifying any and all metrics that are being monitored. Peter Drucker is credited with saying “If you can't measure it, you can't improve it.” I would add “If you don’t measure it, you can’t improve it”.
Recruiter Effectiveness
*Finally, there is the effectiveness of the recruitment team. Are they leading the process and performing at the level of a true Talent Advisor? Or, are they working from a reactive, order taking posture? Talthos can provide many different methods to improving recruiter effectiveness. We provide everything from in-house 1:1 couching to module-based training (web based or classroom). *It is important to note that recruiter effectiveness cannot be optimized if the ATS and TA process are sub-optimized and/or there are weak or no metrics in place.
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