Having a robust talent acquisition (TA) strategy in place is important. The ability to attract and retain top talent is crucial to the success of any organization. With the staffing world constantly changing, it's essential to have a talent acquisition plan in place that can withstand economic downturns. Explore how you can make your TA strategy recession-proof with these recruiting and global staffing solutions.
Recruiting Solutions
The first step in making your TA strategy recession-proof is to invest in recruiting solutions that can help you streamline your recruitment process, allowing you to reach a broader pool of candidates while saving you time and money. Here are some recruiting solutions to consider:
Applicant Tracking System (ATS)
An ATS is a software application that helps you manage your recruitment process by automating tasks such as resume screening, interview scheduling, and candidate communication. An ATS can help you streamline your recruitment process, reduce time-to-hire, and improve the candidate experience.
Recruitment marketing
Recruitment marketing involves using marketing strategies to attract and engage candidates. It includes tactics such as creating employer branding, using social media platforms, and creating job ads that stand out. By investing in recruitment marketing, you can attract top talent.
Employee Referral Program
Employee referral programs can help you tap into your existing employees' networks to find new talent. These programs typically offer incentives to employees who refer candidates that are eventually hired. By incentivizing your employees to refer candidates, you can attract high-quality talent while boosting employee engagement.
Global staffing solutions
Another way to make your TA strategy recession-proof is to invest in global staffing solutions, allowing you to find the best candidates regardless of location. Here are some global staffing solutions you can consider:
Global talent acquisition
Global talent acquisition involves sourcing talent from different countries and cultures with unique skills and perspectives, allowing you to build a more diverse and innovative team.
Outsourcing
Outsourcing involves partnering with a third-party vendor to handle specific functions, such as IT or customer service. By outsourcing, you can tap into a global talent pool while reducing your overhead costs. However, outsourcing can also present challenges, such as communication barriers and quality control issues.
Case study
The client, a leading medical device company providing technological and workforce solutions for medical imaging and laboratory diagnostic products, initiated a program to provide skilled radiology and imaging technologists equipped with company-supported or self-supported devices to optimize efficiency, quality, training, output, and usage. The company's in-house program offers fully vetted, vendor trained licensed technologists who are eligible for company certification through ongoing training. PSG provided recruitment marketing solutions, job advertising, and dedicated recruiters to address the company's two challenges of not having a recruiting platform and needing a partner to expand their brand and screen candidates. PSG generated 33,000 leads and hired 145 new radiology and imaging technologists, resulting in $10.6 million in new total revenue, supporting hospitals to provide continuous, high-quality patient care.
Making your TA strategy recession-proof is essential to the success of your organization. By investing in recruiting solutions and global staffing solutions like the ones provided by PSG, you can build a strong and resilient TA strategy that can withstand economic downturns. Implementing these solutions requires careful planning and execution. With the right approach, you can build a strong and talented workforce that can help your organization thrive in any economic condition.
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