In a recent study, it was found out that almost 80% of the organizations in the world are facing difficult times when it comes to searching, locating and recruiting potential talent of top orders as per its definition of superior – quality performance. As more and more board of directors and managers try to address this pressing problem. Nearly 79% of them readily admit that they do not comprehensively understand how to deal with such a situation and are already finding themselves battling the crisis. What this implies is that almost every organization that is struggling to fill in their talent pipeline cannot even identify and underline the required talent and capabilities they want to have in the new hires.
The dynamics of the workforce are rapidly changing than ever and the only way to keep up with it is to have a definite understanding and requirement of high- potential talent. Another method closely relates to the point where almost 62% of the organizations rely absolute focus on talent acquisition efforts and concentrate solely upon the active job-seeking candidates. For these organizations, the talent pipelines also start off once a position is requisitioned. In other terms, the biggest recruiting challenges companies have to face are actually due to the fact of the lack of understanding who exactly to look for the positions, limiting the search pool for the unemployed workforce and being overtly reactive with the recruiting procedures.
It has also been observed that organizations that completely internalize their hiring efforts tend to limit the scope of understanding of what the candidates expect from the company as employers and this draws an imaginary rift. On the contrary maintaining a broad understanding of the needs of the talent market is absolutely crucial for establishing a strong candidate match for the organization, beyond the immediate positions to be filled.