Huge boost for businesses that invest in talent acquistion

Cielo, the world’s leading strategic Recruitment Process Outsourcing (RPO) partner, recently surveyed more than 400 Talent Leaders from seven countries across Europe to explore how Talent Acquisition strategies impact productivity and profitability. 

The results were clear: Investing in Talent Acquisition can help increase profits by up to 20%, something no business can afford to ignore, especially in a climate where productivity growth has been stubbornly slow.

The report placed respondents in three categories: High Impact talent acquisition functions had articulated strategies that shape business decisions. Low Impact talent acquisition functions were characterised by having immature talent acquisition processes and ineffective measurement. Medium Impact talent acquisition functions were somewhere in the middle.

Overall, 31% of High Impact companies reported operating at maximum productivity, compared with only 4% of Low Impact companies. In relating this to the bottom line, 68% of High Impact companies reported an increase in profits compared with only 31% of Low Impact companies. The average profit margins of the 122 Low Impact organisations was 18.75%, while High Impact organisations had average profit margins of 41.94%.