Talent acquisition is a recruitment strategy that involves a series of planned and structured actions to find, attract, hire, grow, and retain the best employees within an organization.

As talent acquisition professionals we address the critical question of where and how to acquire talented employees given the company's resources, market position, and competitive factors.

In today's highly competitive job market, talent acquisition has become crucial for organizations to remain competitive and retain top talent.

Talent acquisition has become increasingly important in today's job market due to rising competition for top talent. According to a survey conducted by CareerBuilder and Harris Poll in 2019, 32% of employees plan to change jobs within the year, indicating growing dissatisfaction with their current employment situations. This trend may lead to an increase in the supply of job seekers, making it more challenging for organizations to attract and retain top talent.

Small businesses are facing significant challenges in finding qualified workers for their open positions. According to the National Federation of Independent Business's August 2019 monthly report, 26% of small businesses identified the inability to attract qualified workers as their number one challenge. This number increased to 37% in January 2020, indicating a growing problem for small businesses.

These statistics demonstrate the difficulties organizations face in acquiring top talent.  To compete for the best talent, organizations must develop effective recruitment strategies that go beyond just offering higher salaries.  They need to find ways to attract and retain talented employees by providing a positive work environment, opportunities for growth and development, and other benefits that align with employees' needs and expectations. In summary, talent acquisition is critical for organizations to remain competitive and retain top talent in today's job market.