Economic uncertainty is pushing workforce leaders to adapt quickly. How do you plan for a future where nothing stays the same? Nearly 40% of workers’ core skills will change over the next five years, and 55% of talent leaders are concerned about adapting to a fluctuating economy.
If you’re a procurement or HR decision-maker, you’ve likely experienced changes that test your talent acquisition (TA) flexibility. Now you wonder: What will happen if hiring volume doubles? Can you scale in time? If you need hybrid talent outside your usual profile, how quickly can you readjust? Are you entering a new market, and do you have the data to guide your strategy? You cannot predict which what-if questions will become real.
This unpredictability changes how employers view TA strategy and the solution providers who support it. Static recruiting resources and infrastructure no longer suffice. Breadth of capability is a priority, and a ready-for-everything TA function is essential.
Our clients are rethinking workforce strategies for agility, and several trends make a responsive TA model possible. These trends center around decision-making data, integration and single-source solutions. You may not see these trends in the headlines, but they are redefining expectations for TA teams and talent solutions partners.
The Emergence of Decision-Making Data
“With all the data organizations collect, why are so few using it to make integrated, strategic talent decisions?” This question came from a recent webinar attendee, and it points to an issue that has hindered TA: Organizations struggle to put data to work.
That is changing because talent acquisition depends on data. In the past, it was used for decision support; now, it’s shifting toward decision-making. Advances in machine learning and data science allow the integration of all digital sources, applying predictive analytics for fast, informed decision-making. These advances enable TA teams to optimize pay rates, prioritize requisitions, boost recruiter productivity and plan for future demand.
Traditional reporting falls short. If your data doesn’t lead to action, demand more from your TA function and external partners. This is the key to agility.
The Integration of Everything
Siloed systems and stakeholders remain a TA challenge. HR and procurement, internal and external data, recruiters and hiring managers — all can operate in isolation if unmanaged. Disconnected services such as consulting, data science, executive search or project recruitment further fragment efforts.
When these elements align, everything changes. HR and procurement teams access the full talent supply. Stakeholders gain transparency, and decisions reflect everyone’s input. When a talent partner brings all capabilities to the table and is ready to deploy as needed, employers can move fast — no need to shop for services, rebuild relationships or re-educate stakeholders.
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Economic uncertainty is pushing workforce leaders to adapt quickly.
