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14 December 2023 | Press Release
Ongoing labor shortages and continuously evolving views of work necessitate that companies become more strategic about how they recruit and manage their workers. Specifically, they must not only identify the right mix of talent they will need to reach future goals, but ensure those responsible for finding and hiring new workers are actively involved in the process, according to a new report from The Conference Board.
The report examines the ways that companies can integrate talent acquisition professionals into the strategic planning process and why doing so is beneficial for business.
“Companies can no longer afford to minimize the importance of strategic workforce planning and should ensure the talent acquisition function is closely integrated,” said Robin Erickson, PhD, Vice President of Human Capital at The Conference Board. “In a tight labor market, businesses must bring every asset to bear to ensure they have the right people in the right roles at the right times.”
The report is based on four working group sessions The Conference Board convened in the summer of 2023 with Human Capital Center members and knowledge partners Cielo, Eightfold.ai, Talent Tech Labs, and Visier. Key insights from the report include:
Talent acquisition’s in-depth labor market knowledge can greatly benefit the strategic workforce planning process.
There is no one-size solution for effectively integrating talent acquisition and strategic workforce planning.
Companies should avail themselves of the numerous available data sources and tools.
Companies should apply proven talent acquisition strategies to improve their strategic workforce planning outcomes.
CHROs play a key role in maximizing the benefits of a talent acquisition and strategic workforce planning partnership.
Download the report Talent Acquisition and Strategic Workforce Planning: A Powerful Partnership.
Media Contacts
KPuello@tcb.org
About The Conference Board
The Conference Board is the member-driven think tank that delivers Trusted Insights for What’s Ahead®. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. The Conference Board Human Capital Center provides businesses with insights and expertise to attract, develop, and retain talent, as well as build strong cultures that empower employees and drive performance.
About Our Knowledge Partners
Learn more about Cielo, Eightfold AI, Talent Tech Labs, and Visier.
Media Contact:
Joseph DiBlasi
jdiBlasi@tcb.org
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