-- improved quality of hire on average by 32%
-- increased employee retention on average by 21%
But getting there isn't easy. Competition for skilled labor is the
overriding pressure driving organizations to invest in talent acquisition
programs, cited by 88% of all organizations. That is followed by a shortage
of desired skills, cited by 83% of all organizations. In response,
organizations are changing and enhancing their traditional recruiting
methods. Greater emphasis is being placed on enhancing a company's brand
and reputation in the market, on proactively searching for so-called
passive candidates, and in marketing to younger workers through new means,
such as social networking sites on the Internet.
"Top performing organizations are more effective at identifying the traits
of their top performing employees, in order to seek more like them," said
David Weldon, research analyst, human capital management at Aberdeen and
author of the report. "However, a successful talent acquisition program
involves far more than deciding what skills and attributes are needed from
candidates and finding new sources for them. It also involves the ability
to measure and assess how well new hires perform in their roles during the
first year on the job. This is where quality of hire is really determined."
In addition to impressive gains in quality of hire and new hire retention,
Aberdeen's research also found that Best-in-Class organizations have
shortened the time-to-hire an average of 22%. From the perspective of
hiring managers, all of these benefits have paid off with an average 31%
improvement in overall satisfaction with the talent acquisition program.
A complimentary copy of this report is made available due in part by the
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report, visit: http://www.aberdeen.com/link/sponsor.asp?cid=5128.
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Contact Information: Media Contact: David Weldon Aberdeen Harte-Hanks (617) 854-5374 David.weldon@aberdeen.com © 2008 Aberdeen Group, Inc., a Harte-Hanks Company 451 D Street, Suite 710 Boston, Massachusetts 02210-1928 Telephone: (617)854-5200 Fax: (617) 723-7897 www.aberdeen.com