By Dr. John Sullivan
Even though the Conference Board found that Human Capital is still the #1 global challenge facing CEO’s, you still hear the universal complaint from recruiting leaders that they are underfunded and simply don’t have the budget to do bold and exciting things in recruiting.
I find that this lack of funding isn’t because recruiting doesn’t have a high impact, clearly it does. In fact, the BCG and Google have both independently found that recruiting had the highest business impact of any people management function. But instead, you can attribute their weak performance in budget battles to the fact that recruiting leaders simply underperform when building a strong business case.