Recruitment Vs Talent Acquisition: Know the difference!
People often use the terms recruiting and talent acquisition interchangeably. But the fact is that both terminologies are not really synonymous. And for this reason, we felt the need to clarify the facts and write the differences between the two concepts for our readers to understand better.
There are several other assumptions and rationales that industry experts have put forth to draw a line between the two ways of hiring and selecting in an organization. Let’s look at the basic definitions of both concepts. Later, the blog will illuminate some of the major differences between the two expressions in a more structured and clear manner.
Recruitment Vs Talent Acquisition: Know the difference!
Now, let’s take a look here is the category that plays roles in Recruitment & Talent Acquisition work!!
RECRUITMENT:
Ability to use technology.
Critical thinking.
Social media.
Multitasking and time management.
Ability to manage expectations.
Strong aptitude for learning.
TALENT ACQUISITION
Marketing and Lead Generation.
Attracting and making your presence known.
Interview and Assessment.
Selection and Recruitment.
Onboarding.
Prioritize What You Need.
What is Recruitment?
Recruitment is a general process of identifying, acquiring, screening, shortlisting and interviewing candidates for positions in an organization. Recruitment is also a process related to choosing people for unpaid positions.
What is Talent Acquisition?
It is similar to recruiting in that it has the same goal of finding the best people to work for your company. But while recruiting tends to be a highly standardized, reactive process, it is about the long game for your company. It involves a more flexible and dynamic approach from your recruitment team and a broad understanding of your company’s long-term strategic goals.
Now that the meanings of recruiting and talent acquisition are understood, it’s time to explain the difference between the two.
- Recruitment is a subset of Talent Acquisition.
- Recruitment is linear, Talent Acquisition is a continuous cycle.
- Recruitment is limited to a CV, and Acquisition of Talent looks beyond the resume.
- Recruitment finds employees, and Acquisition of Talent finds niche experts.
- Recruitment meets immediate requirements, and Talent Acquisition forms long-term bonds.
Different income slabs for different earning categories:
Your tax liabilities are based on how much you earn. Here’s the category that determines who pays how much taxes:
Employers use state-of-the-art recruitment management software with features that automate all aspects of the process.
Such systems enable faster and better recruitment processes, including job openings, JD creation, recruitment tasks, recruitment announcements, resume structuring, candidate sourcing, candidate screening, candidate lifecycle management, interview scheduling, and organization, sending offer letters, candidate engagement and pre-registration.
When we talk about the difference between talent acquisition and recruitment processes, there are a few elements that we can use to separate the two:
Developing strategies and planning
Recruitment is a well-defined process that is followed according to the rule book. On the other hand, acquiring experts requires a lot of planning and business understanding.
Division of Labor
When acquiring expertise, one must understand the company’s internal operations, all the skills, experiences and qualifications that each task requires. Based on the understanding, the rental is done.
On the other hand, in recruitment management, the process remains the same for everyone. So, there is no need to focus on the deets of each part of the workforce.
Performing analysis and deciding on metrics
Recruitment is part of acquiring skills. The information must therefore be collected and analyzed in order to make better recruitment.
In the acquisition of talent, the procedure is incomplete without the measures for analyzing candidates and improving the quality of hiring have not been implemented.
Employer branding
Branding is an important part of acquiring skills, because it conveys a message and makes employees stay with the organization longer. When recruiting, you can skip this step completely.
Talent Sourcing & Management
Recruitment management is about announcing vacancies and filling vacancies. Whereas talent acquisition is more of a complex task that requires rigorous research on candidates, connecting with them, and thus hiring loyal employees.
Conclusion
It is a lesser-known fact that recruiting is only a small part of the massive processes that make up the talent acquisition process. However, after going through the points mentioned above, it is clear that these two concepts are different on many levels.
Therefore, the next time someone says recruiting, when strategic planning is going on with an expert for a long time, you know what to do. Tell me some facts!
Sources to- HROne
Originally published at https://www.crplindia.com on June 17, 2023.
