The Art of Hiring Agility – Korn Ferry

Korn Ferry’s The Art of Hiring Agility: How to balance short and long-term hiring needs report discovers the solutions to the difficulties talent acquisition professionals encounter when trying to keep the balance of short and long-term priorities.

Some main findings from this report include:

• More than half of the survey respondents thought that the reason why it is so challenging to be agile in meeting current talent needs when making plans for a future workforce that aligns with long-term business objectives is that business executives were only focused on the short term.
• 61% of surveyed professionals invested more in upskilling their current employees than in hiring for new talents from outside the business. This trend is relatively consistent across all industries.
• “Implementing a strategic workforce plan” was chosen to be the most effective talent acquisition approach to deal with conflicting short and long-term goals, followed by more investment in people development and assessing candidates’ potential before hiring.
• Most talent professionals plan for their future hiring needs for at least 6 months to 3 years.
• 61% of respondents didn’t agree that hiring employees to fill vacancies is more important than hiring people who will be adaptable to future roles. 57% of talent acquisition professionals have hired a person with a specific skill set even when they didn’t yet have a defined role for that candidate. 77% of them claimed to be recruiting for roles that didn’t exist in the previous year.

Korn Ferry is an international consulting firm that helps organizations to coordinate strategy and talent to prompt great performance.

Full report here.