What is Talent Acquisition and How it is Different From Recruitment?

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Transcript

Hi, welcome to the talent acquisition section of this course. Let's get started by understanding the meaning of talent acquisition. Talent Acquisition is about acquiring talent or workforce for the company. This is usually done by the talent acquisition department which comes under the human resources. But sometimes there is no separate department for this. The T our talent acquisition team handles activities like assessing the needs, finding and acquiring the right people and hiring them for open positions.

In short, talent acquisition team is responsible for hiring the right candidate for the job. The process of talent acquisition involves assessing sourcing, attracting, interviewing, hiring, and even onboarding the employees. The process of talent acquisition and recruiting seems quite similar, isn't it? But they are not. So how is talent management or talent acquisition different from recruiting? Even though the purpose is same, but the strategy is different talent acquisition focuses on long term human resource requirement, while recruitment to stand for meeting the short term strategy.

Talent Acquisition is done for hiring people who have certain specializations and can take up the leadership positions. It's not about filling the seats, but it's about finding talent or manpower, who are skilled and have to be retained in the company for a long time. So, talent acquisition professionals are skilled in corporate hiring practices and employment branding. In addition To the HR activities like sourcing and industrial compliance. They are skilled in marketing and branding the company's visions and image and that's why they are responsible for attracting best talent from the industry. Talent Acquisition can be treated as a part of talent management, and that's why we are covering it in this course.

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