People - Talent Acquisition Flashcards
Employee Value Proposition
Answers the question “Why would talented people want to start working at this organization, and stay?”
Should be aligned with the strategic plan, vision, mission, values, and external brand
Competencies (definition)
Clusters of related attributes (including knowledge, skills, and abilities) that allow an employee to perform a job successfully
Ex: Customer focus, communication, project management, honesty/integrity
Job specifications (definition)
The minimum qualifications necessary to perform a job
Ex: Experience, education, licenses, physical skills
Essential functions (part of job description)
Primary job duties that a qualified person must be able to perform
Reasonable accommodation
Necessary, appropriate modifications that do not impose undue burden on the employer
Job analysis
Systematic study of jobs to determine what activities and responsibilities they include, necessary qualifications, and conditions under which the work is performed
It’s an analysis of the job, NOT the employee
Sourcing vs Recruiting
Sourcing - the first step; generates a pool of qualified and diverse applicants
Recruiting - process of encouraging candidates to apply for job openings
Talent metrics - head count
The number of people on the payroll; it’s a “snapshot” of a particular moment in time
Talent metrics - cost of hire or cost per hire
Cost of hire = Total costs of all hires
_______________________
Number of new hires
Cost per hire is similar but more complicated; it sums up external costs and internal costs of hiring process, and then divides by number of hires in a specified time period
Hiring costs - internal and external
Internal costs - include salary and benefits of recruiting team, talent acquisition software costs, other infrastructure costs needed for the hiring process
External costs - advertising costs, 3rd party agency fees, job fair exhibitor costs, travel costs
Talent metrics - time to fill
Number of days from when a job requisition is opened until offer is accepted by candidate
Talent metrics - attrition
Loss of employees due to reasons other than firing and other employer-initiated events
3 factors influencing recruitment process
Quality, Speed, Cost Efficiency
Placing more priority on one of these will require giving up something from one of (or both of) the others
Ex: If filling a position fast is a priority, the quality of hires might decrease; an emphasis on cost efficiency in the hiring process will likely mean that the process takes longer
Interview approaches
- Structured
- Unstructured
- Behavioral
- Competency-based
- Stress interview
Structured - interviewer asks each candidate the same questions, and stays in control of the interview (also called “repetitive interviews”)
Unstructured - more conversational, usually pre-set topics but not pre-set questions (also called “non-directive interviews”)
Behavioral - focuses on how the candidate handled previous, real situations
Competency-based - interviewer asks the candidate to provide examples of times they demonstrated certain competencies
Stress interview - aims to put the candidate on the defensive and see how they react under pressure
Fishbowl interview
Group interview in which candidates work with each other in a group or with staff members on a true-to-life work issue