Talent Internship Report
FIRST INTERIM REPORT
ABSTRACT
The purpose of this report is to analyze the talent acquisition process in l&t heavy engineering and estimate the cost that has been incurred during the talent acquisition process and also determining the quality of hire by calculating the hit ratio and turnout ratio and the analysing the performance analysis system of the company and subsequent modification that had been made in order to determine the quality of hire over a period of time.
My project will start with the over view where in I will give a brief overview regarding the company which would includes the operating divisions of the company and its history. I will further show case the mission and vision of the company and show nationwide and global
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What do we mean by talent acquisition and how it is different from recruitment ?
Talent Acquisition is not only confined to filling of the job positions but also utilization of the skill of the candidates that comes out of a rigorous recruiting process as means to fill similar positions in the future also.
Recruitment invites the eligible candidates for the existing vacancies available in the organization where as talent acquisition process is an ongoing cycle of process related to attracting, sourcing , recruiting and hiring employees with in an organization. Strategic Talent Acquisition takes a long term view of not only filling positions today , but also using the candidates that come out of a recruiting process as means to fulfill similar positions.
From the above flow chart we can gwt an oviewof general talent acquisition process and components involved in
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The above flow chart shows how planning of workforce helps align operationalgoals with workforce needs, collect & analyze workforce data &metrics,identify gaps between current and future talent requirements & create relevant and responsive strategies for attracting , recruiting , retaining and developing the organisation’s workforce.
PROCESS EXCELLENCE
A good talent acquisition process leads to intake of good skills & talent and at the same time it also helps in ensuring process excellence in the working of the organization. Process excellence is about processs effectiveness &effiency. It requires processes to be designed & improved for consistent delivery with minimum variation & minimum variation. It is the domain of six sigma and
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