03. The Strategic Role of Employee Resourcing in Talent Management

In the dynamic landscape of today's business world, companies are recognizing the critical importance of strategic talent management in driving organizational success. At the heart of this strategic approach lies the nuanced art of employee resourcing – a process that goes beyond mere recruitment to align with broader organizational objectives (Chaker, 2018).



Understanding strategic employee resourcing

What is strategic employee resourcing and why does it matter?

Employee resourcing, generally known simply as ‘resourcing’ is the term used to describe activities concerned with the acquisition, retention and development of human resources.

Strategic resourcing is concerned with ensuring that the organization obtains and retains the people it needs and employs them effectively. It is a key part of the strategic HRM process, which is fundamentally about matching human resources to the strategic and operational needs of the organization and ensuring the full utilization of those resources.

The aim of strategic resourcing is therefore to ensure that a firm achieves competitive advantage by employing more capable people than its rivals. These people will have a wider and deeper range of skills and will behave in ways that will maximize their contribution.

Based on the definition above, strategic sourcing brings a neat combination of predictability, reduced risk, efficiency, and quality to the hiring process. That’s music to every business leader’s ears

How do those advantages play out in practice? For example, the Sourcing team can build forecasts spanning several months based on current talent pipelines. That allows hiring managers, recruiters, and human resources staff to plan for interviewing time and resources, onboarding, trainings, ramp-up times, workload, etc (Armstrong, 2014).

The Building Blocks of Strategic Employee Resourcing

1. Talent Acquisition as a Strategic Investment

In a world where attracting top talent is a competitive sport, strategic employee resourcing starts with viewing talent acquisition as a strategic investment rather than a transactional process. Organizations need to identify and attract individuals whose skills and values align with the company's culture and long-term objectives.

2. Skills Mapping and Future-Proofing

Understanding the skills landscape of both current and future workforce requirements is pivotal. Conducting skills mapping exercises allows businesses to identify skill gaps, anticipate future needs, and proactively develop strategies for upskilling existing employees or hiring individuals with the required expertise.

3. Agile Workforce Planning

Strategic resourcing goes hand-in-hand with agile workforce planning. Organizations need to be nimble in responding to changing market dynamics, and this requires a workforce that can adapt. Strategic employee resourcing anticipates these changes, ensuring that the right talent is in place when and where it's needed.

Successful Companies Embracing Strategic Employee Resourcing

1. Google is renowned for its strategic approach to talent acquisition. The company not only looks for technical expertise but also places a significant emphasis on cultural fit and innovative thinking. This strategic approach has played a pivotal role in Google's position as a global leader (NYAMWEYA, 2021).


2. Netflix's success is not only attributed to its content but also to its strategic workforce planning. The company embraces a culture of continuous learning, encouraging employees to acquire new skills to stay ahead in the ever-evolving entertainment industry (Martin Tingley with Wenjing Zheng, 2022).

In conclusion, strategic employee resourcing is a multifaceted approach that extends beyond traditional recruitment. It is a dynamic process that adapts to the changing needs of the business, ensuring that the right people are in the right place at the right time. By incorporating strategic employee resourcing into talent management strategies, organizations can foster a culture of agility, innovation, and sustained success.

References

Armstrong, L., 2014. A Handbook of Human Resource Management Practice, 13th Edition. [Online]
Available at: https://dl.icdst.org/pdfs/files/8483f557c9bb0435e935b4e9554f5a55.pdf
[Accessed 20 11 2023].

Chaker, N., 2018. Strategic Sourcing: What it is and Why it Matters. [Online]
Available at: https://beamery.com/resources/blogs/strategic-sourcing-what-it-is-and-why-it-matters
[Accessed 20 11 2023].

Martin Tingley with Wenjing Zheng, S. E. S. L. C. M. M. T. a. T. B., 2022. Netflix: A Culture of Learning. [Online]
Available at: https://netflixtechblog.com/netflix-a-culture-of-learning-394bc7d0f94c
[Accessed 20 11 2023].

NYAMWEYA, S., 2021. Analysis of Google's Talent Management Approaches. [Online]
Available at: https://discover.hubpages.com/business/Analysis-of-Googles-Talent-Management-Approaches
[Accessed 20 11 2023].

 



Comments

  1. MAHESH KULARATHNANovember 23, 2023 at 7:11 AM

    Employee resourcing is a type of organizational strategy that helps companies maximize their staff and resources to meet business goals. It includes a combination of workforce planning, recruitment, and talent management techniques to identify, attract, and retain suitable staff in order to increase workplace productivity and performance.

    ReplyDelete
  2. Nillmini EkanayakeNovember 28, 2023 at 11:58 AM

    Agreed. The strategic role of employee resourcing in talent management is multifaceted. It encompasses the entire employee lifecycle, from recruitment to retention, and involves activities that align human capital with organizational goals. By strategically managing their workforce, organizations can gain a competitive advantage, foster innovation, and adapt to changing business environments effectively.

    ReplyDelete
    Replies
    1. zahranazharDecember 20, 2023 at 5:38 AM

      According to a report co-authored by Tomas Chamorro-Premuzic, a professor of business psychology at University College London and Columbia University, recruitment tends to focus on filling short-term needs, while resourcing takes a more strategic and holistic approach to meeting the organisation's long-term needs.

      Delete
  3. zahranazharDecember 18, 2023 at 12:36 AM

    Thanks Mahesh, this highlights the strategic importance of employee resourcing in achieving organizational objectives. The synergy between these planning and recruitment is key to creating a dynamic and efficient organizational structure.

    ReplyDelete

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