UK 
United States
In August 2015, unemployment in the United Kingdom fell to 5.4% - the lowest rate in over seven years. Over 173,000 new vacancies were added and many who were left vacancy-less a few years ago now have an opportunity to find work. While a strong labour market is positive it also creates a sense of fear for any talent acquisition department. With more vacancies to fill, recruiters have to attract the best people in a very short amount of time- a challenge for even the most sophisticated recruitment functions. According to research conducted by McKinsey & Company, 40% of companies that plan to hire next year said they have had unfilled vacancies for six months or longer because they cannot find qualified applicants.
Without the right strategies or technology, talent acquisition is an incredibly complex undertaking. And, it has become more difficult over the past ten years. Social media and the advent of new tools provide different channels for finding talent and the candidate experience has become paramount. Today, there is no longer a blueprint for recruiting and many talent acquisition professionals do not have a clear understanding of what they need to do and what technology they need to use in order to identify and attract talent.
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