Most corporate Talent Acquisition Organizations tend to be preoccupied with filling current open requisitions even though they could benefit by having an effective talent sourcing strategy within their operating framework. So, while the primary focus tends to be on more effectively meeting current talent needs, proactively building a talent pipeline is becoming an integral and important component of recruitment platforms for progressive organizations. Though you may not be able to anticipate all future talent needs, there are usually a number of key areas essential for on-going success. Building a talent pipeline should be an integral component of an organization’s talent sourcing strategy. But, it requires on-going support to maintain contact and build relationships with desired top talent to truly provide a high return on the investment in identifying that talent, establishing and maintaining contact.
Proactively building a talent pipeline:
Involves a number of key factors:
- Defining key talent need areas for the near and long-term future
- Identifying the best competitive sources for that talent
- Utilizing the applicant tracking system for storing, organizing, and tracking the talent pipeline
- Investing in sourcing talent to fill the talent pipeline in a strategic and cost effective manner
- Maintaining the pipeline via on-going communications and updates
STREAM® utilizes best practices:
- Establishing a talent sourcing strategy for both current and future staffing requirements including desired channels and employers, internal versus external recruitment resources, and desired recruiter roles and responsibilities
- Building a talent pipeline in critical areas of the business where top talent will make a significant difference
- Devoting internal recruiters or management resource(s) to collect input from STREAM® and regularly guide KG to identify qualities management desires about the top talent
- STREAM® builds and maintains a contact and candidate relationship management approach to initiate and maintain communications with identified top quality talent for potential future needs
- Collects data and provides management reports to assist in measuring impact and value of utilizing a talent pipeline approach to justify future investments
A database of vetted candidates that serves on-going and anticipated hiring needs.
Serve your talent priorities
- Enable rapid go-to-market strategies
- Faster time-to-hire; Reduce vacancies
- Support market decisions with intelligence
- Improve access to a diverse candidate pool
- Empower managers to demand performance
- Enhance ability to brand and recruit top talent