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October 19, 2021
3 Steps to build an Effective Talent Pipeline
When it comes to finding the right fit for a job vacancy in your company, it is not always as simple as it sounds. While you may have an idea of how the perfect candidate will look like, finding the right fit involves a more complex methodology with a set of important tools such as a talent pipeline strategy.
Because of this, many companies decide to hire a recruitment agency to find a small pool of appropriate candidates that can be interviewed in-house in order to find someone who is both qualified and a good fit for the company working culture.
Recruitment agencies find potential employees much faster than an in-house search for several reasons. One of the predominant reasons is that they already have an existing talent pipeline, one of the best Talent Acquisition strategies available.
In the following Talent2Win article, we will talk to you about what a talent pipeline is and how you could develop one correctly.
What is a Talent Pipeline?
A talent pipeline is an existing selection of potential employees who are already qualified and which is constantly adapting to the present clients’ needs or even future needs. It provides a diverse and powerful source of talent for internal and external candidates.
A good recruitment agency has a vast list of active candidates as well as the passive ones, and many of these are actively looking for a job. This means that when a company approaches an agency with a vacancy to fill, it is much more likely to find the right fit quickly and effectively.
The talent pipeline in recruitment will be constantly nurtured by professionals interested in belonging to the company. Instead of searching for candidates that fit an immediate need, firms will have an engaged pipeline in place when a job opportunity arises. This will help organizations reduce costs and time to hire.
The talent pipeline can be filled from many different sources, from in-house talent being promoted upwards, to online job boards and other modern recruitment techniques.
How Do You Build a Strong Talent Pipeline?
If you are building your talent pipeline for the first time, or even just looking to improve your methodology, this 3-step process should be pretty helpful:
Planning is an important part of your talent pipeline strategy. A strong talent pipeline must be built in advance. From potential talent sourced within a company to networking externally, it is something that must be fostered for a while before it becomes truly beneficial.
This fore-planning is not always possible for companies, particularly small to medium-sized businesses, owing to resources and ability to network and source a ready pool of talent for selection. Therefore, a recruitment agency can be extremely helpful.
Find Qualified Candidates
Once you have defined a proper talent pipeline strategy, the next step is to identify a pool of qualified potential candidates. Again, it is not possible, or feasible, for small to medium-sized businesses to simply source a wide selection of active candidates who are interested in the advertised job. It is a large strain on the persons responsible for hiring within the company and is a huge time constraint for them. The best option is to access an existing talent pipeline.
Accessing an existing talent pipeline is simple. By using a recruitment agency, such as Talent2Win, companies can quickly and easily gain access to existing talent pipelines of candidates who are qualified and ready to start work. This saves the time and money necessary from an internally lead search, and as the recruitment agency is only paid after the candidate is hired, it is a win-win situation for all parties involved.
The final step is to engage the candidates and to get them interested in applying for your position and your company above everyone else’s. In order to achieve this, HR managers must nurture interested candidates and actively build relationships with them.
The key to successful candidate nurture is understanding how to engage candidates in a time efficient way, without overloading them with messages or spamming. Recruitment agencies are perfect for this job, because they segment candidates based on the status of their relationship with your company.
Depending on which stages of the talent pipeline each candidate is in, they will send them content that informs them about your company or personalized landing pages that are more likely to drive applications.
How do we help you throughout the hiring process?
At Talent2Win, we offer some of the best prices for the cutting edge of recruitment technology. We also provide an exceptional level of customer service and transparency throughout the hiring process.
While more traditional recruitment services may have a few favorites on-hold who may not be perfect for your company, we use artificial intelligence in order to fill in skill gaps and ensure data-driven suggestions. Our step-by-step Talent Acquisition process is as follows:
Initial Video Call Meeting
The process begins with an in-person video call in order to properly assess your needs and expectations for the role. Then both parties can agree on the most appropriate structural method for searching for the ideal candidate.
During the initial contact, we gather a selective amount of information specific to the role and your requirements and sets out a work plan so that you are fully aware of the process of finding prospective employees. We also arrange time slots specifically to review the ongoing progress of the search for candidates so that you remain fully informed of the process without spending time on it.
This process is updated permanently online, meaning that there is total visibility for you to track the progress being made by us.
The second step of the process is rooted in ensuring that the client knows what is happening within the hiring stages. They are updated via video call of the ongoing progress. The work plan is reviewed and the following steps are agreed by both parties.
Final Presentation of Candidates
The third and final step of the process is the presentation of a small talent pool of potential candidates to the prospective employer. We help you coordinate the final set of interviews and then final support is given to you and the new employee in order to ensure that the transition is as smooth as possible.
Throughout the entire process, we provide unparalleled support and an excellent source of talent for companies. Coupled with the use of artificial intelligence to support data driven, fast results, a transparent hiring process, and extremely competitive prices, there is little reason to search elsewhere.
At Talent2Win, we strive to align your company’s business objectives with the best Talent Acquisition strategies available. If you want to learn more about the services we offer, do not hesitate to contact us.