Every job opening attracts hundreds of thousands of applicants, making it extremely difficult for companies to find the right technical & cultural fit from them
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#2 Managing talent acquisition costs
Tight labour market competition and organizational ask to optimize operational costs lead to a pressure to reduce the hiring costs, impacting the ability of a company to hire top talent
Most recruitment strategies are rather operational, focusing on trivial company policy or process aspects and not on strategic hiring of top talent spurring business growth & profitability
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#5 Negligible Employer Branding
A negligible or non-existent employer branding on social media and other hiring platforms affects the hiring prospects of companies significantly, costing dearly for top talent
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#6 Manual recruitment processes
Manual hiring processes of collecting, screening applications and interviewing, engaging with candidates etc. require a lot of time, effort and manpower, increasing the hiring costs
To understand the prominent challenges of Talent Acquisition and solutions to tackle them, read