HR.com’s Future of Talent Acquisition 2024-25 study reveals that, despite talent acquisition (TA) being a top strategic priority for many organizations, most struggle to enhance the sophistication of their TA strategies. The study, conducted by the HR Research Institute (HRRI), highlights that only 21% of organizations rate their TA function as "advanced" (14%) or "world-class" (7%).
It’s good news that talent acquisition is a top-five priority for over 70% of organizations, yet most struggle to develop an advanced TA strategy. Further analysis indicates that skills shortages and competition for talent remain major challenges for recruiters:
58% cite a lack of candidates with required skills or experience.
54% are stuck in a reactive, just-in-time hiring approach.
44% report that their compensation and total rewards are below market rates, making it difficult to attract top talent.
Organizations with highly developed hiring functions, labeled as "TA leaders," stand out in key areas compared to their counterparts:
5X more likely to have five or more paid TA tools and technologies
4X more likely to say that TA is an essential talent-related priority within their organization
3X more likely to use diversity metrics
“These findings highlight the urgent need for organizations to evolve their talent acquisition strategies and leverage technology to stay competitive in today’s job market,” stated Debbie McGrath, Chief Instigator and CEO of HR.com. “The talent war is only intensifying, and organizations that continue to approach hiring reactively will struggle to secure top candidates.”
The full research report, HR.com's Future of Talent Acquisition 2024-25, is available for free download and offers detailed insights and actionable recommendations for HR professionals looking for strategies to help gain a critical advantage in attracting and retaining skilled candidates.
The recording of the research webcast presentation, Intelligently Changing the Future of Talent Acquisition, is available for viewing 24/7 on demand.
About HR.com and the HR Research Institute
The HR Research Institute (HRRI) helps you keep your finger on the pulse of HR! Powered by HR.com, the world’s largest HR community, the HRRI identifies key trends and best practices to help more than 2 million HR professionals and their organizations make strategic decisions with informed and insightful research findings. Among the most productive and respected HR research institutes globally, the HRRI publishes dozens of high-quality reports every year across a wide array of HR topics. HR.com’s free membership offers many benefits, including access to over 250 exclusive primary research, state-of-the-industry reports, and infographics. These resources are published based on surveys developed with the assistance of a panel of thought leaders and industry experts on the advisory boards.
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The reference URL for this press release is located here Organizations Struggle to Enhance Their Talent Acquisition Function Despite Strategic Importance - New Study by HR Research Institute.
