Talent acquisition (TA) differs from recruitment. TA is a long-term, continuous strategy to acquire top talent for your company vs. recruitment where you are filling short-term vacancies with active candidates. To have the best TA strategy, you must possess a good understanding of how talent acquisition operates—and why it matters.

Even if you attract a qualified job applicant to your online job application, that doesn’t mean they’re going to follow through and complete it. Then, uh oh -- you could’ve just lost your best new hire.

Why wouldn’t they complete your job application? Believe it or not, 60 percent of job seekers quit in the middle of filling out online job applications due to length or complexity. Plus, job applications with 20 screener questions lose 40 percent of job candidates.

People. They're at the core of everything we do. Without people, the world does not exist. Business does not function. Commerce does not happen. So why do they take the backseat when it comes to business?

The healthcare industry’s turnover problem is growing year over year. Total employee turnover came in at just under 20 percent in 2015, up from 17.7 percent in 2014. Nurses are especially difficult to retain — 15 percent of new nurses leave their jobs after one year. And after three years, that number jumps to 43 percent.

Losing a single nurse can cost hospitals nearly $65,000. On average, providers spend $1,200 training each new employee — and that’s if they can find people to fill the vacancies. Organizations that struggle to recruit replacements spend up to 50 percent of their yearly revenues hiring premium labor sources.