Recruitment and talent acquisition are both subsets of HR and are important for successful talent management.
Fremont, CA: Talent acquisition essentially focuses on a systematic approach to developing a talent pool, which often involves the development and preparation of existing workers so that they can take on new positions. Recruitment is a branch of talent development that focuses on filling an open role with the best potential candidate currently available.
Talent acquisition uses long-term strategies to identify and develop candidate pipelines to manage future staffing needs. It is strategic and proactive, continuous, encompasses recruitment, uses long-term strategies such as employer branding and internal mobility and technologies to support processes such as candidate relationship management, data analytics, learning management. It can also be used in any industry. However, the hard-to-fill roles of talent-deficient sectors, such as medicine, manufacturing, and IT, are particularly needed.
Recruitment uses attraction and selection sourcing techniques to fill specific vacancies in the near term. It is responsive, linear, has a particular endpoint, and is a subset of talent acquisition. It can rely solely on strategies to reach specific candidates, including job ads and technology to support sourcing, such as applicant tracking systems. It can be used for any industry or role.
Recruitment and acquisition of talent are both important. Recruitment is an essential function in the performance of job roles and an important subset of talent acquisition. However, because talent acquisition is more strategic in the long term, its role is crucial in addressing the challenges of the ever-changing labor market, as well as addressing more strategic priorities such as expanding into new business lines, reducing costly turnover, bridging skills gaps, and preparing the workforce of the organization to meet future challenges.