Sourcing Strategies: Creating A Talent Pipeline

Most companies believe in reactive hiring strategies to fulfill their recruitment needs, instead of developing a talent pipeline from the very beginning. Needless to say, such strategies incur expenses in the long run and businesses have to face losses because of them.

On the other hand, smart organizations take a different approach and opt for a proactive strategy. Future roles in the company are catered to in the present and the necessary steps are taken to put together a talent pool. Keeping the group of candidates engaged until a new position opens in the organization is all that this sourcing strategy is based on.

So how does it actually help the organization?

Recruitment costs and the loss of work in case of a sudden vacancy may seem insignificant, but over time, these expenses buildup and amount to a huge expense for the organization. Not to mention the time that is saved when you already have a few candidates lined up for a position even before it is vacant.

To benefit from this sourcing strategy, you need a step-by-step guide for the process. Read on and be enlightened!

Using Branding As an Aid

If you want a talent pipeline that thrives in spite of a highly competitive market, you need to use branding to your advantage. Let the reputation of your organization precede it, as recommended by the top HR agency.

If you have strong branding strategies, candidates will line up to be a part of your organization. So make sure your employer branding efforts are on point and speak to the potential candidates.

Creating a Talent Pipeline

If you have a department that has a high turnover, it’s important to identify it and make it the focus of your sourcing strategies. You can easily reduce the time-to-hire for such positions and thus save your organization from losses.

You also need to keep the future staffing needs of your organization in mind when creating a talent pipeline. Let your preferred HR agency know about your requirements to get the best talent.

Sourcing the Talent

If you operate in a highly competitive market, you need to be vigilant and focused. First, make sure you have a clear picture of the talent you are looking for and need to hire. Define your ideal candidate to the HR agency so that they can use the model to start the search.

Make sure you use both internal and external resources to reach the goal of hiring the perfect candidate for a future position. It’s highly important to follow up with the candidates and let them know that they are a possible resource for your organization. This will keep them interested and engaged until the position opens up.

Final Thought

With strong employer branding strategies, an organization will never have a problem creating their talent pipeline. As long as you follow the steps given above, your HR agency can take a proactive approach to fulfill your organization’s recruitment needs.

Focused on providing innovative staff solutions, Malace HR is the ultimate resource that organizations need. With a comprehensive menu of on-site HR solutions and flexible recruitment options, the company enables organizations to fill positions and acquire real talent in the process.

With over 18 years of experience, Malace HR excels at what it does and provides strategic sourcing services throughout North America. Contact us at (248)720-2500 for more information!