TALENT

ACQUISITION
Intro to HRM - Lecture #3
 TALENT ACQUISITION

 Talentacquisition is the process of

finding and acquiring skilled human
labor for organizational needs and to
meet any labor requirement.
 It
is in the context of recruiting
employees by the team in the Human
Resources Department. 
 Recruitment vs. Talent Acquisition

• Recruitment is about filling vacancies. 

• Talent Acquisition is an ongoing strategy to

find specialists, leaders, or future executives
for the company.

Talent acquisition tends to focus on long-term

human resources planning and finding
appropriate candidates for positions that
require a very specific skills.
 TALENT ACQUISITION
 Intoday’s competitive environment for people,
all talent markets need a talent acquisition
strategy. At any given time, some markets
might be “hotter” than others, but the best
organizations are projecting future needs and
are always scouting the best talent.
 Attracting the best and brightest employees
to your company isn’t a one-time only event.

 Talent Acquisition is a continuous process.

 Companies that are serious about their long-

term futures should be continually
networking and building relationships with
individuals who are at the top of their fields.
TALENT ACQUISITION PROGRAM
 1. Get organized.—How are you going to keep
track of the talent you find and the resources
you’re using?
 2. Improve your employer brand - Make sure

your website and social profiles speak to your

target audience and prospective future
employees.
 3. Start sourcing talent.—Identify social

networks and communities forums where

specialists in the industry gather like LinkedIn,
Twitter, Facebook, etc.
SEATWORK:
The company needs a service car for 3 times a week for a period of 2 years.
First Option: Buy a car - The cost of a brand new car is P 900,000 payable
in 2 years with free Registration and Insurance, Maintenance cost is 10%
per year. The driver’s salary is P 700 per day. Selling cost of a car after 2
years is P 400,000.
Second Option: Rent a car for P 3,500 per day including gas, maintenance
and driver.
Decide whether you buy a car or you just get a “Rent-a- Car”.

- Compare the 2 options by showing the computation

- Shall you choose the lower cost ? Why?

- What are the other factors to be considered in choosing the best

option?