The Staffing Resource

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Building Talent Pipeline Resources to Reduce Cost Per Hire

In recruiting terms, a talent pipeline is a supply of candidates who possess the right skills, which are ready and able to go to work at a moment’s notice. When planning your workforce needs, having access to this resource can help you manage the demands of a growing company. Yet, not many companies have the budgets or the time to develop an adequate talent pipeline. They react to project demands, rather than proactively seek out new candidates to fill future assignments.

However, there are some simple ways to build this talent pipeline without sacrificing a great deal of time or money. These methods are critical to experiencing the greatest return on investment for your recruiting strategy.

Promote the corporate culture.

When a company is well-known for its positive corporate culture, it can be easier to recruit qualified candidates. Why? Because a good reputation in the community and in the industry attracts candidates who have the skills and qualities to fit in with your cultural environment.

Develop your networks.

Personal and professional networks can be invaluable for a recruiter in any type of business. The more people you connect with, the more who will learn about your company and be ready to refer quality candidates your way when you need them.

Create an online career portal.

A simple way to develop a talent pipeline is to provide an easy way for candidates to apply and be screened on the Internet. By setting up a career portal that’s built into your website, you can easily manage this and create a seamless recruitment process.

Partner with a staffing agency.

One of your best allies in terms of building a talent pipeline is working directly with a quality staffing agency. This can augment or replace your current recruitment tasks, a move that can save much time and money.

Encourage employee referrals.

Set up an inventive program so that employees can refer their colleagues and those in their professional networks. This can be a valuable resource for quality future employees.

If you are looking to develop your talent pipeline, contact the experts at Staffing Resources today. We have the experience and knowledge to help identify quality candidates at a moments notice.

 

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