People often use the term talent acquisition and recruitment interchangeably, but to human resource professionals, there’s a distinct difference. Hiring managers use the processes for different scenarios, depending on the company’s goals and needs.
Employees are crucial investments, so it’s essential to understand the differences between recruitment and talent acquisition to maximise the efficiency of your strategies when you’re looking to hire on Jobstreet.
Here are some differences between recruitment and talent acquisition:
Recruitment fulfils current needs
Recruitment is reactive and momentary. When a specific position is vacant, companies usually have recruitments to fill it. The process is linear; it has a beginning, a middle and an end. It is often for short-term requirements and specific positions.
Recruitment is a part of the talent acquisition
You can recruit without a talent acquisition strategy, but you can’t acquire without the recruitment process. Both processes may look similar, but talent acquisition is a more involved, detailed process that is more than merely interviewing and onboarding. It is a long-term plan with the aims of expanding the growth of the company.
Talent acquisition requires great foresight
Unlike recruitment which is for filling up vacancies, talent acquisition is when you need niche talent and growth. It isn’t as straightforward, as it requires plenty of planning. Hiring managers have to evaluate a range of skill sets and the candidate’s prospects to hire the best talent for the company.
Hiring manager may keep in touch with a candidate after the acquisition
After hiring a candidate, the recruitment process generally ends with recruiters exiting the process. However, talent acquisition specialists tend to maintain contact with the hired employees. It is necessary for the branding component of acquisition if it ends up successful.
Learning the differences between recruitment and talent acquisition is necessary if you want to make the right decision for your company. If you need manpower, recruitment may be the better option. If you’re looking to grow the company, go for talent acquisition.
Visit https://www.jobstreet.com.my/en/cms/employer/ today for the best candidates whether you’re looking to recruit or acquire talent!