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TALENT ACQUISITION'S IMPACT ON
PROFITS AND PRODUCTIVITY
#talentmindset
@cielotalent
1WE BECOME YOU™
INTRODUCTIONS
PRESENTER SESSION GOALS
• Big picture of what Talent
Acquisition should mean to your
organisation
• The 12 dimensions of high-
performing talent acquisition
functions
• The characteristics of High,
Medium and Low-performing talent
functions
• Data to compare the key
challenges facing your Talent
Acquisition function
• A methodology to assess your own
organisation against the 12
dimensions of Talent Acquisition
Paula Parfitt
Senior Vice President
Cielo
HOW DO WE DEFINE
TALENT ACQUISITION?
3WE BECOME YOU™
STRATEGIC
1. Innovating to meet the demands of the business
2. Providing strategic thinking to shape business decisions
3. Demonstrating agility to meet changing demands
4. Generating insights contrasting workforce needs with the market supply of
talent
5. Delivering quality hires consistently
6. Measurably impacting major organisational initiatives
CORE
1. Communicating your Employer Value Proposition
2. Delivering great experiences for candidates and hiring managers
3. Crafting a comprehensive outreach strategy
4. Simplifying recruiting process
5. Sharpening recruiting acumen
6. Using recruiting analytics to inform business decisions
The 12 Dimensions of Talent Acquisition
5WE BECOME YOU™
Rank 12 dimensions of Talent Acquisition Evaluation of the importance of the dimensions
C-Level Business
Unit Leaders
HR / Talent
Acquisition
Leaders
All
Respondents
1 Delivering quality hires consistently 88% 90% 93% 89%
2 Demonstrating agility to meet changing demands 84% 85% 88% 85%
3 Innovating to meet the demands of the business 83% 81% 88% 84%
4 Measurably impacting major organisational initiatives 84% 78% 87% 83%
5 Providing strategic thinking to shape business decisions 83% 75% 81% 81%
6 Delivering great experiences for candidates and hiring
managers
82% 73% 82% 80%
7 Sharpening recruiting acumen 80% 71% 84% 79%
8 Communicating your Employer Value Proposition 78% 77% 81% 79%
9 Generating insights contrasting workforce needs with the
market supply of talent
82% 73% 80% 79%
10 Crafting a comprehensive outreach strategy 82% 70% 76% 78%
11 Simplifying recruiting process 75% 70% 79% 74%
12 Using recruiting analytics to inform business decisions 73% 53% 75% 69%
6WE BECOME YOU™
EUROPEAN TALENT ACQUISITION TRENDS
Productivity, Profitability & Personal Impact
METHODOLOGY
• 400 HR Directors and C-Level
Executives
• 7 European Countries:
• UK, Germany Poland, Czech
Republic,
• Hungary, Netherlands and Belgium.
7WE BECOME YOU™
HYPOTHESES
“A strong talent acquisition function
impacts the productivity and
profitability of an organisation.”
“Talent Acquisition Leaders of high impact
functions are valued by their organisations.”
8WE BECOME YOU™
PRODUCTIVITY
&
PROFITABILITY
9WE BECOME YOU™
Organizations with the most mature TA functions perform, on average better
on business outcomes than other organizations.
Bersin, High-Impact Talent Acquisition (HITA) study
Of all the HR Functions, Recruitment had
the biggest impact on profit growth at
Boston Consulting Group
In the UK and US alone, an estimated is spent annually to
keep unproductive employees who do not understand their jobs
IDC
35% of companies spend €0on onboarding
Urban Bound
30%
€31 billion
3.5x
10WE BECOME YOU™
12%Only of organisations stated they were operating at a
level that is as productive as they could be
7%of companies note that their profits have DECREASED over the last year
A of those surveyed reported their organisation as being unproductivefifth
Almost of the organisations surveyed have been
through a merger or acquisition in the last two years
half
11WE BECOME YOU™
IMPACTMODEL
WHAT DO YOU SEE AS THE
KEY PROBLEM AREAS
WITHIN YOUR TALENT
ACQUISITION STRATEGY?
13WE BECOME YOU™
CHALLENGES
Candidate Experience
FOCUS ON SKILLS
15WE BECOME YOU™
DO YOU OWN YOUR ROUTES TO TALENT?
of HIGH impact talent acquisition teams rely
on agencies to fill more than 20% of their hires.
of LOW & MEDIUM impact talent acquisition teams
rely on agencies to fill more than 20% of their hires.
72%
85%
16WE BECOME YOU™
EVP
17WE BECOME YOU™
PERSONAL IMPACT
18WE BECOME YOU™
PERSONAL IMPACT
58%
25%
of those TA leaders surveyed feel valued in their role.
For those in Low Impact organisations, that sank to around
19WE BECOME YOU™
PERSONAL IMPACT: BY GEOGRAPHY
1/4
1/5
of TA leaders in UK feel highly valued
of TA leaders in Belgium feel poorly valued
KEY FINDINGS
21WE BECOME YOU™
PROVEN HYPOTHESES
“A strong talent acquisition function
impacts the productivity and
profitability of an organisation.”
“Talent Acquisition Leaders of high impact
functions are valued by their organisations.”
THE DIFFERENCE IN PROFITABILITY
BETWEEN HIGH AND LOW IMPACT
ORGANISATIONS.
23%
23WE BECOME YOU™
Profitability: 68% of HIGH impact organisations report an increase
in profits compared to the previous trading yea
of HIGH impact organisations report an
increase in profits compared to the previous trading year
of HIGH Impact organisations feel that they are
operating at maximum productivity
of HIGH impact organisations feel the role of the
Talent Acquisition Manager is valued
ProductivityProfitabilityRespect
68%
31%
81%
24WE BECOME YOU™
of the problem areas
were seen to be
improved when
partnering with an RPO
provider
67% Organisations partnering with an RPO
OUTPERFORMED their peers at:
• Innovating to meet the demands of
the business
• Delivering quality hires consistently
• Demonstrating agility to meet
changing demands
Talent leaders who partner with an RPO are
more likely to be highly valued within their organisation
3x
ORGANISATIONS WITH MATURE
TALENT ACQUISTION STRATEGIES
RANK HIGHEST FOR
• PROFITABILITY
• PRODUCTIVITY
• PERSONAL IMPACT
KEY TAKEAWAYS
27WE BECOME YOU™
EXTERNAL BENCHMARKING
28WE BECOME YOU™
MARKET INSIGHT
29WE BECOME YOU™
RECRUITER TRAINING
30WE BECOME YOU™
TECHNOLOGY
31WE BECOME YOU™
THANK YOU & QUESTIONS
PRESENTER SESSION GOALS
• Big picture of what Talent
Acquisition should mean to your
organisation
• the 12 dimensions of high-
performing talent acquisition
functions
• the characteristics of High, Medium
and Low-performing talent
functions
• data to compare the key challenges
facing your Talent Acquisition
function
• A methodology to assess your own
organisation against the 12
dimensions of Talent Acquisition
Paula Parfitt
Senior Vice President, Cielo
@ParfittPaula
linkedin.com/in/paula-parfitt-RPO

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Talent Acquisition's Impact on Profits and Productivity

  • 1. TALENT ACQUISITION'S IMPACT ON PROFITS AND PRODUCTIVITY #talentmindset @cielotalent
  • 2. 1WE BECOME YOU™ INTRODUCTIONS PRESENTER SESSION GOALS • Big picture of what Talent Acquisition should mean to your organisation • The 12 dimensions of high- performing talent acquisition functions • The characteristics of High, Medium and Low-performing talent functions • Data to compare the key challenges facing your Talent Acquisition function • A methodology to assess your own organisation against the 12 dimensions of Talent Acquisition Paula Parfitt Senior Vice President Cielo
  • 3. HOW DO WE DEFINE TALENT ACQUISITION?
  • 5. STRATEGIC 1. Innovating to meet the demands of the business 2. Providing strategic thinking to shape business decisions 3. Demonstrating agility to meet changing demands 4. Generating insights contrasting workforce needs with the market supply of talent 5. Delivering quality hires consistently 6. Measurably impacting major organisational initiatives CORE 1. Communicating your Employer Value Proposition 2. Delivering great experiences for candidates and hiring managers 3. Crafting a comprehensive outreach strategy 4. Simplifying recruiting process 5. Sharpening recruiting acumen 6. Using recruiting analytics to inform business decisions The 12 Dimensions of Talent Acquisition
  • 6. 5WE BECOME YOU™ Rank 12 dimensions of Talent Acquisition Evaluation of the importance of the dimensions C-Level Business Unit Leaders HR / Talent Acquisition Leaders All Respondents 1 Delivering quality hires consistently 88% 90% 93% 89% 2 Demonstrating agility to meet changing demands 84% 85% 88% 85% 3 Innovating to meet the demands of the business 83% 81% 88% 84% 4 Measurably impacting major organisational initiatives 84% 78% 87% 83% 5 Providing strategic thinking to shape business decisions 83% 75% 81% 81% 6 Delivering great experiences for candidates and hiring managers 82% 73% 82% 80% 7 Sharpening recruiting acumen 80% 71% 84% 79% 8 Communicating your Employer Value Proposition 78% 77% 81% 79% 9 Generating insights contrasting workforce needs with the market supply of talent 82% 73% 80% 79% 10 Crafting a comprehensive outreach strategy 82% 70% 76% 78% 11 Simplifying recruiting process 75% 70% 79% 74% 12 Using recruiting analytics to inform business decisions 73% 53% 75% 69%
  • 7. 6WE BECOME YOU™ EUROPEAN TALENT ACQUISITION TRENDS Productivity, Profitability & Personal Impact METHODOLOGY • 400 HR Directors and C-Level Executives • 7 European Countries: • UK, Germany Poland, Czech Republic, • Hungary, Netherlands and Belgium.
  • 8. 7WE BECOME YOU™ HYPOTHESES “A strong talent acquisition function impacts the productivity and profitability of an organisation.” “Talent Acquisition Leaders of high impact functions are valued by their organisations.”
  • 10. 9WE BECOME YOU™ Organizations with the most mature TA functions perform, on average better on business outcomes than other organizations. Bersin, High-Impact Talent Acquisition (HITA) study Of all the HR Functions, Recruitment had the biggest impact on profit growth at Boston Consulting Group In the UK and US alone, an estimated is spent annually to keep unproductive employees who do not understand their jobs IDC 35% of companies spend €0on onboarding Urban Bound 30% €31 billion 3.5x
  • 11. 10WE BECOME YOU™ 12%Only of organisations stated they were operating at a level that is as productive as they could be 7%of companies note that their profits have DECREASED over the last year A of those surveyed reported their organisation as being unproductivefifth Almost of the organisations surveyed have been through a merger or acquisition in the last two years half
  • 13. WHAT DO YOU SEE AS THE KEY PROBLEM AREAS WITHIN YOUR TALENT ACQUISITION STRATEGY?
  • 16. 15WE BECOME YOU™ DO YOU OWN YOUR ROUTES TO TALENT? of HIGH impact talent acquisition teams rely on agencies to fill more than 20% of their hires. of LOW & MEDIUM impact talent acquisition teams rely on agencies to fill more than 20% of their hires. 72% 85%
  • 19. 18WE BECOME YOU™ PERSONAL IMPACT 58% 25% of those TA leaders surveyed feel valued in their role. For those in Low Impact organisations, that sank to around
  • 20. 19WE BECOME YOU™ PERSONAL IMPACT: BY GEOGRAPHY 1/4 1/5 of TA leaders in UK feel highly valued of TA leaders in Belgium feel poorly valued
  • 22. 21WE BECOME YOU™ PROVEN HYPOTHESES “A strong talent acquisition function impacts the productivity and profitability of an organisation.” “Talent Acquisition Leaders of high impact functions are valued by their organisations.”
  • 23. THE DIFFERENCE IN PROFITABILITY BETWEEN HIGH AND LOW IMPACT ORGANISATIONS. 23%
  • 24. 23WE BECOME YOU™ Profitability: 68% of HIGH impact organisations report an increase in profits compared to the previous trading yea of HIGH impact organisations report an increase in profits compared to the previous trading year of HIGH Impact organisations feel that they are operating at maximum productivity of HIGH impact organisations feel the role of the Talent Acquisition Manager is valued ProductivityProfitabilityRespect 68% 31% 81%
  • 25. 24WE BECOME YOU™ of the problem areas were seen to be improved when partnering with an RPO provider 67% Organisations partnering with an RPO OUTPERFORMED their peers at: • Innovating to meet the demands of the business • Delivering quality hires consistently • Demonstrating agility to meet changing demands Talent leaders who partner with an RPO are more likely to be highly valued within their organisation 3x
  • 26. ORGANISATIONS WITH MATURE TALENT ACQUISTION STRATEGIES RANK HIGHEST FOR • PROFITABILITY • PRODUCTIVITY • PERSONAL IMPACT
  • 32. 31WE BECOME YOU™ THANK YOU & QUESTIONS PRESENTER SESSION GOALS • Big picture of what Talent Acquisition should mean to your organisation • the 12 dimensions of high- performing talent acquisition functions • the characteristics of High, Medium and Low-performing talent functions • data to compare the key challenges facing your Talent Acquisition function • A methodology to assess your own organisation against the 12 dimensions of Talent Acquisition Paula Parfitt Senior Vice President, Cielo @ParfittPaula linkedin.com/in/paula-parfitt-RPO