Traditional enterprises in the pre-digital era had very few options for talent acquisition. It was either an Employee, contingency staff or Interns. These options, essentially are aligned around the location of operations.
In today’s digital era, the governance and collaboration processes have evolved beyond the constraints posed by geographic locations. The traditional location-constrained enterprise has now transformed itself into a digital or social enterprise. With this development, the options of talent acquisition have logically evolved along the 3 dimensions of location, partners and technologies.
Location: Enterprises have moved their operations to locations where the required talent is available. This option provides an additional benefit of cost if the location is a low cost geography leveraging labor-rate arbitrage.
Partners: Enterprises partner with organizations who have the required talent with them. This option enables Just-in-Time Talent acquisition theoretically. But reality may vary significantly based on the employee utilization parameters of the partner.
Technologies: Enterprises leverage technologies to solve their talent gap challenges by automating some of the tasks performed by such employees. This is a fast evolving option with the advent of AI tools and is also a cause for concern with technologies replacing humans.
Enterprises now have the ability to either leverage the above dimensions individually or in a combination thereof, to solve their talent acquisition challenges. And the combinations in the right ratio can be custom-designed and would be of compelling business value to the enterprise.
The key to success for such evolutionary models, is a strong program management layer – Talent Acquisition PMO, which can leverage the options optimally in the right ratio to deliver value to the enterprise. Current HR structures are evolving fast to fulfill this gap either by themselves or leveraging external help.
External help in the form of a Talent Acquisition PMO is fast evolving as an attractive option, as the engagements can be on-demand and there is no risk exposure for the enterprise. Essentially pay-as-you-go option to reduce the operational costs and commitments.