Talent Acquisition Strategy for Zenwise Company

The report provides an in-depth analysis of the talent acquisition strategy employed by Zenwise company, highlighting its effectiveness and potential areas for improvement. The study examines the use of personality tests and performance assessments in the selection process, as well as the company's reliance on placement agencies and promotion as recruitment sources. Additionally, it discusses the importance of measuring cost per hire, yield ratios, and hiring manager satisfaction to optimize talent acquisition processes.

TALENT ACQUISITION

Table of Contents
INTRODUCTION...........................................................................................................................1
Main Body.......................................................................................................................................1
A) Talent acquisition Strategy....................................................................................................1
B) Tests for selection procedure, recruitment sources and channels to sieve out.......................2
C) Measure and improve effectiveness of talent acquisition method using metrics...................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
Talent acquisition is the procedure of acquiring and finding skilled human labor for
organizational requirement and to meet with labor needs. When using in context of hiring and
HR profession, it refers to talent acquisition team and department within HRM. The present
report is base on Zenwise IT company that are looking to expand their business and services
team (Barkhuizen and et.al., 2014). This report will focus on talent acquisition strategy that find
out the best ways to overcome challenges. It will be base on suggestion tests that would use in
the process of selection and recruitment. Furthermore, it explains how organization can improve
and measure effectiveness of their talent acquisition process.
Main Body
A) Talent acquisition Strategy
Zenwise is a fortune 500 IT organization that are looking to spread out its service and
software team. They want to hire talented candidates in short term period because of high
employee turnover in the company which is one of the biggest challenge that are facing by them.
In the firm employee turnover get increase because they are paying workers not up to the market
rate and demand world class talent by pay below the current rate in market (Meyer and Xin,
2018). Thus, to solve both of these challenges that are mention above is very essential for
company in which they are using talent acquisition strategy to get overcome within situation.
This strategy help organization to find, retain and hire employees they need to keep and grow its
business.
Align with business goals and objectives- Currently Zenwise need to hire new IT
specialist in its organization for achieving their desired goal that are expansion of software team
and service. They need to align with the goals and find out talent candidates that will be the best
support at the moment.
Hire manager are engaged in recruitment- Zenwise is a fortune 500 IT company that
are looking to grow its software team. Currently they are facing high turnover of workers and
need to hire the most talented people for running expansion process effectively. But they are
paying all the staff member low wages which are not achieved market rate. Thus, for that
company need to hire skilled manage that are fully engaged in hiring process and make effective
plan of wages and talent acquisition that help to attract new candidates in company and retain
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employees with them for longer. Manage hire talented IT software specialist that help to gain
competitive advantages.
Workforce planning- At the moment organization are facing employee turnover
situation that impact on its productivity and profitability more than others. Thus, to solve this
issue they need to make good workforce plan in which they need to pay workers as on the base
of their qualification and talent which is very essential for retain them with the Zenwise for
longer time of period. Firm are currently need talent acquisition in which they have to understand
talent demand and supply. They must look at what happen in labor market and how much to pay
them for their performance in workplace.
B) Tests for selection procedure, recruitment sources and channels to sieve out
Selection is a process which is conducted to fulfill the requirement of Human resource in
any organizations or industries. For example, Zenwise face many challenges in firm that need to
be solve quickly with the support of talented HR. thus, for that organization want to hire HR
business partner who help to resolve the talent acquisition challenge effectively. In the selection
process company are using some tests that find out the best one.
Tests of selection process-
Personality test: Organization conduct personality tests for the new candidates that
support to find the best or right ones. In this test emotional quotient and ability is tested by the
management or any other human who have the skills how to run this process effectively. It helps
to judge ability of new applicants to work in team of people and also identify capability to handle
and understand conflicts levels.
Performance test: Performance test is one of the best way that help to get to hire right
person who is fit for the job of HR business partner as disused in case study. This test evaluates
and judges acquired experiences and knowledge of experience individual and his accuracy and
speed in performing duties.
Recruitment sources-
Promotion: As relate with the case study Zenwise organization need to hire HR business
partner quickly for solving high employee turnover challenge which they are facing recently.
Thus, for this company place job position requirement through promotion that is one of the best
source. These include magazine promotion, template and press advertisement that help to find
the best candidates and notice people about their requirement.
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Placement agencies: Placement agencies help in their process of recruitment that is very
important for Zenwise. Company want to hire Human resource consultant for overcome with the
challenges which they are facing as the result of employee turnover. Placement agencies collect
data of applicants and sent it to organization on the base of its requirement.
Resume scanning-
It is one of the best way that help Zenwise for find out the most talented and right
candidates who are fit for job of HR business partner. Recently organization are facing the
challenge of high employee turnover that impact on its productivity and profitability consistently
(Diakité and Zlatanova, 2016). They need to solve this problem with the help of skilled and
knowledge Human resource partner who make plans and strategies of reducing this issue and
help to retain workers with firm for longer time of period. Resume scanning instead reading
activity of human that read the resumes and find the right one. In this process company are using
ATS (Applicant Tracking System) that help to pre- filter number of resumes.
C) Measure and improve effectiveness of talent acquisition method using metrics
It is very essential for Zenwine that need to measure effectiveness of talent acquisition
method which help to retain employees and reduce high employee turnover effectively. After
that organization also want to improve it that will make business position at high place better
than the others (Schiemann, 2014). By using metrics company does it successful-
Cost per hire: Measure cost per hire will help company to assess the financial
investment and effectiveness of talent acquisition method which organization is making to hire
new talent and attract the other ones.
Yield ratios: It will show the effectiveness of selection and talent acquisition methods
that help to find out the best results. It displays the percentage of applicants form the selection
sources that are selected for the next level of hiring procedure.
Hiring manager's satisfaction: Organization CEO has decided to hire HR business
partner that help to solve talent acquisition challenges recently face by them. In that process
company measure the effectiveness of talent acquisition method conducting by the management
for overcome with issues. Through identify Hire manager satisfaction level they will find out the
effectiveness very well and also make it better after knowing some weakness about that
procedure.
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Getting the information about per hire cost company will raise the prices that will help to
hire talent people in organization. Zenwise decide to hire Human resource manager who make
plans and improve effectiveness of talent acquisition by giving best offers to them and also
provide employment benefits which contribute in the process of improvement. By rasping cost
per hire firm will recruit new and talented people that support effectiveness TA.
CONCLUSION
The report has summarized that talent acquisition strategy is very effective and helpful to
overcome within the high employee turnover challenge that are facing by Zenwise company
recently. It has been concluded that Personality test and Performance test are using by the
organization in the process of selection that understand the ability of new candidates.
Furthermore, it disuses recruitment sources such as Placement agencies and Promotion that
support to attract talented people in firm. Cost per hire, Yield ratios and Hiring manager's
satisfaction metrics are using by company to measure and improve effectiveness of talent
acquisition procedure.
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REFERENCES
Books and Journals
Barkhuizen, N. and et.al., 2014. Talent management and leadership reciprocity: The case of the
South African aviation industry. Mediterranean Journal of Social Sciences. 5(9). p.11.
Diakité, A.A. and Zlatanova, S., 2016. FIRST EXPERIMENTS WITH THE TANGO TABLET
FOR INDOOR SCANNING. ISPRS Annals of Photogrammetry, Remote Sensing &
Spatial Information Sciences. 3(4).
Gil, S.M. and et.la., 2014. Talent identification and selection process of outfield players and
goalkeepers in a professional soccer club. Journal of sports sciences. 32(20). pp.1931-
1939.
Lin, P.Y. and Lin, Y.C., 2015. Identifying Canadian teacher candidates' needs for training in the
use of inclusive classroom assessment. International Journal of Inclusive
Education. 19(8). pp.771-786.
Meyer, K.E. and Xin, K.R., 2018. Managing talent in emerging economy multinationals:
Integrating strategic management and human resource management. The International
Journal of Human Resource Management. 29(11). pp.1827-1855.
Sahay, P., 2014. Design thinking in talent acquisition: a practitioner’s perspective. Strategic HR
Review. 13(4/5). pp.170-180.
Schiemann, W.A., 2014. From talent management to talent optimization. Journal of World
Business. 49(2). pp.281-288.
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