2013 Trends for Talent Acquisition
LinkedIn recently released the results of a survey detailing some of the top trends in Talent Acquisition for 2013 and comparing how those statistics vary between the United States and the rest of the globe. Exploring some of the key takeaways, we see an increased focus on developing the employer brand, social networks playing multiple roles in the process, and more firms seeking passive candidates.
The US market has a higher focus on highly skilled workers than other markets according to poll respondents. This focus leads to two offshoots an increased competition between employer brands and a further boost in the focus on passive candidates. In a tight talent pool, firms are looking for ways to differentiate their brand from their competitors and more and more are using social networks to do so. 85% of those surveyed believe that the brand has a considerable impact on the firm’s ability to attract and hire top talent. Social networks being viewed as the top place to source candidates rose from 31% in 2012 to 42% in 2013, and social networks as a way to distinguish the firm’s brand spiked to 54% from 47% last year. Social networks are also seen as a top way to attract and engage passive talent.
In order to engage and develop the firm’s top talent, 92% of respondents reported US firms are investing in internal hiring at least the same as last year, if not more. Internal hiring is viewed as a top strategy to retain talent, improve talent productivity, and ensure culture match.
As the results of the 2013 survey season continue to come to light, join HCI this July 25, 2013 at 1:00pm EDT for our webcast, Key Findings: 2013 Employment Screening Benchmarking Report. Mary O’Loughlin, Senior Director of Strategic Alliances of HireRight, will be sharing the results of HireRight’s annual Employment Screening Benchmarking Report providing deep insights into the trends, challenges, and issues affecting talent management today.