Direct sourcing is a method that many larger companies are already using to acquire new talent. It has become a popular way to optimize the talent acquisition process through pre-identified pools of candidates. Instead of relying on inbound applications, hiring managers can use known populations of interns, referrals, alumni and other notable connections to fill open roles.
Effective direct sourcing helps to ensure that the talent pool has the necessary skills for the job and is readily available to work. These pools can be curated at any time, and it is recommended that they are always updated and filtered to ensure that they remain relevant and able to meet specific needs. To create this talent pool, companies can use a variety of channels to spread the word. Through newsletters, job alerts, physical events, social media, and other professional networking sites, talent that meets the needed qualifications can be found.
The Power of Direct Sourcing
Direct sourcing has already become evident in the 60% of large companies that are already using or planning to use this method. This technique goes far beyond just convenience, and is rather a dynamic solution to the challenges that currently and continue to plague the corporate world. Industries across the board are facing talent shortages and are suffering from trillions in unrealized revenue. However, direct sourcing has allowed 98% of businesses to save as a direct result of these methods. In addition, new hire pay is currently about 9% higher than usual, meaning that there is a continued need for cost-effective recruitment.
Conclusion
The bottom line is that these programs are here to stay. They help save money, result in higher quality talent and candidates, promote quicker hiring cycles, improve candidate experience, and increase the diversity of those candidates. These benefits speak for themselves and will continue to drive results in a number of different industries.
Source: Atrium Global
