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What You Should Know about Recruitment and Talent Acquisition

By Hanna Wilson, HR Tech Outlook | Friday, February 26, 2021

The recruitment process typically starts with a work requisition, a formal request to establish a new role that justifies the need for a position and includes key information, such as the timing of the hire and whether the position is full or part-time.

Fremont, CA: Recruiting talent in the workplace is possibly as old as trade itself. Businesses have always had ways of finding and recruiting staff, determining if they are acceptable, agreeing on pay, and then hiring and integrating them into the company.

The computer age has long made it possible to automate much of the recruiting process and expand its scope to a global pool of candidates. In recent years, the word "recruiting" has been subsumed by a fanciful acquisition of talent, and while the terms are often used synonymously, there are major differences.

Read this Recruiting and Talent Acquisition Guide to get an overview of each discipline along with basic advice, and click on the links for more information.

What is the recruiting process?

Recruitment is the method of identifying, screening, recruiting and finally onboarding work applicants. It is the largest component of talent acquisition but has a more near-term focus on the practical steps of the recruiting process, while talent acquisition looks more forward to the future and human resources that companies will need to stay successful.

The recruitment process typically starts with a work requisition, a formal request to establish a new role that justifies the need for a position and includes key information, such as the timing of the hire and whether the position is full or part-time.

If the requisition is accepted, the hiring manager—often in coordination with the HR department—writes a comprehensive work description that can amplify and customize the details presented in the requisition.

What is the acquisition of talent?

These standard recruitment steps are the regular nuts and bolts of talent acquisition. Here, however, talent acquisition varies from recruitment: talent acquisition goes beyond basic recruiting by adding strategic elements that apply comprehensive research to the overall talent needs of the company, how those needs contribute to business objectives, and what HR and recruitment professionals may do to bridge the differences between the two.

It is also important to remember that talent development is not the same as similar sound talent management.

Talent acquisition focuses primarily on training and onboarding, which are the first big steps or "pillars" in the wider area of talent management. This is a systematic process that extends through the entire lifecycle of workers, including learning and growth, performance management, salary management and succession planning.

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