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Technology application across the Talent Lifecycle: the case of Talent Acquisition

Nearly nine in ten companies are experiencing higher turnover than average, says a PwC study. To fill hiring gaps, companies chose to upskill and reskill workers to fill the hiring gaps, which creates openings for new hires and potentially more entry-level positions. Technology can assist HR teams in embracing the recent talent acquisition trends.

Technology can be applied across the entire Talent Lifecycle. The lifecycle includes: 

    1. talent planning
    2. talent acquisition
    3. talent engagement
    4. talent development
    5. the talent operations team
    6. talent rewards

Concerning talent acquisition, technology can help make the recruitment process smarter with smart job boards, applicant tracking systems, online interview platforms, candidate engagement, etc. 

Let’s look at the five main talent acquisition trends in 2022 according to Lever

Data-driven strategies can overcome difficulties in sourcing talent, nurturing job seekers, and hiring top candidates in an efficient, predictable manner. On one side, automated processes take the workload away from HR specialists. On the other hand, HR specialists can use it to go the extra mile: routinely attract, engage, and hire the best talent. 

Talent acquisition and HR experts are building up their candidate relationship management capabilities. Central to this activity is creating a talent pipeline, including active candidates, passive candidates, and former candidates. This pipeline can be used for hiring, but HR managers shouldn’t leave this database dormant, but they should routinely engage candidates to avoid talent dispersion. 

To overcome the difficulties in hiring new employees, employers need to focus on internal candidates. Creating clear career paths and chances to change positions is key to motivating them to stay! Besides, offering reskilling and upskilling opportunities to employees is critical: in this way, employees can enhance their ability to move up within the organization. 

The employee-company relationship becomes more challenging in remote and hybrid work teams. For this reason, it is essential to leverage technology to make sure that everyone, including remote workers, is included in the workflow and can give their input at any time. Every employee should be seen, heard, and listened to. 

Organizations recognize the importance of building up soft skills: courses on self-awareness and somatic intelligence can help employees cope with their emotions, even in challenging times. Employees are no longer willing to sacrifice their wellbeing for their workplace – giving them the tool to be mentally fit is a significant move to support them. 

PWC . (2021). Impact of Covid-19 on Workforce Composition. Available at: https://www.pwc.com/us/en/products/saratoga/benchmarking-results-ebook.html?

Lever. (2022). Five talent acquisition trends that will define 2022. Available at: https://www.lever.co/blog/talent-acquisition-trends-to-know/