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Talent Scarcity is the top concern of Talent Acquisition Leaders despite the trend toward Downsizing and Cost-Cutting!

By | Nicolas BEHBAHANI | Global People Analytics Leader @ Future of Work | Leading Global HR Analytics, Driving Business Growth

πŸ’‘ Only 32% of TA leaders feel they act as strategic partners to their organization.

βœ‚οΈ Skills scarcity currently stands out as the predominant challenge for Talent Acquisition Leaders before Downsizing and cost-cutting.

❌ 42% of TA leaders believe their company does not have a workforce plan, and 46% say that business priorities change so fast they are β€œrunning around” to keep up.

πŸ“£ There is 2 real Paradoxes: The first one is that organizations are cutting their talent acquisition spending at the same time CEOs feel that skills shortages are getting worse.

πŸš€ And the second one is that of all the HR technology markets, recruiting is the most innovative of all, but none of this technology works if the Talent Acquisition team is left on an island.

⏳ While most organizations aim for a hiring timeline of 30 to 45 days, it’s evident that completing this within a month may be more of an aspiration than a reality for many

While most talent acquisition (TA) leaders identify skills shortages as their top issue (60%), they are also under tremendous pressure to improve the efficiency of their recruiting processes (58%), according to a new interesting research published by The Josh Bersin Company in collaboration with AMS using data πŸ“Š from a survey of 130+ HR executives of more than 13 industries in a wide variety of countries around the globe.

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