HR professionals in North America reveal high value of innovation
HR professionals in North America reveal high value of innovation but confirm significant barriers to adopting 'best practice' methods
Innovation is "crucial" to growth, profitability and a cutting edge say HR pros, but lack of budget and resources holds them back from delivering
Globally 74% of HR professionals admit their organization should be doing more to demonstrate innovation in recruitment and talent management. However, a global study has revealed that in the US, a lack of senior buy in alongside a shortage of both financial investment and time, are the main barriers hindering the adoption of more innovative practices.
Within the global study, carried out by Futurestep – a Korn/Ferry company - recruitment and talent management professionals from eight countries admitted that using innovative methods in recruitment was key to winning the war for talent. When asked why innovative methods of recruitment should be adopted, 42% felt it was crucial in securing the best talent and a further third that it was key in hiring niche or hard to find talent (33%). And yet just over a quarter (27%) of US recruitment and talent management professionals have access to an R&D/innovation budget to improve performance in HR.
This sentiment was backed up by employees globally who revealed that they would be more likely to take a role if they felt the company using particularly innovative methods of interacting with them at the recruitment stage.
The study goes on to reveal that recruitment and talent management professionals believe professional online communities and online talent communities will be the most influential recruitment methods in the future – followed by mobile campaigns.
Respondents also provided a glimpse of what the employee lifecycle would look like globally in an ideal world. The practices that they would like to be using but are not currently are:
Recruitment: Mobile campaigns creative advertising and bespoke talent communities
Engagement: Creative office environments and working spaces sharing strategies and innovative flexible working processes
Development: International secondment programs external training and external mentoring
"Whilst innovation is on the minds of talent and recruitment professionals in the US, failure to secure buy-in from the board means HR departments are suffering from a lack of dedicated funds, as well as time, to develop these innovative processes," said William Sebra, President of Futurestep North America. "It is vital, particularly in a market as competitive as the US, that businesses are able to attract and retain the best talent available in order to drive growth in a continually challenging economic climate. However, at present, these obstructions are threatening to damage many organizations ability to deliver the talent demands of the businesses."