How High Performing Organizations Compete for Talent: Evolving Strategies for Attracting and Hiring a Complex Workforce
March 25, 2019 | Jenna Filipkowski | Human Capital Institute
With the lowest U.S. unemployment rate in a decade, people have more choices about where to work and how to spend their time. This leaves human resources and talent acquisition professionals with only one option: get better. Better at understanding the type of talent required to meet strategic business objectives; better at attracting and hiring that critical talent; and better at helping organizations evaluate and evolve their acquisition strategies as the workplace and labor market continues to shift.
Human Capital Institute, in partnership with Kronos, studied what high performing organizations (HPOs) are doing differently to attract and hire the talent they need to remain competitive now and in the future.
There’s no doubt that it’s tough finding the right talent in a candidate’s market. But right now, the challenges for talent acquisition are unparalleled by anything experienced in the previous few decades. Over the past four years, there has been a steep uptick in the number of job openings relative to the number of hires.