Did you know that there are around 11 million available jobs in the United States? Workers have options; the world has changed, and so has the job market. After the pandemic, people are reevaluating who they want to be and where they want to be.
Because of this, recruiters are struggling, especially when you consider that for every ten available jobs, around six people are looking for a job. That’s one of the reasons it’s essential to build talent pipelines.
Are you ready to step up your recruitment efforts and find the talent your company needs? Keep reading our guide to talent pipelines.
What is a Talent Pipeline?
When your company has an open position, how do you find someone to fill it? Of course, there’s the myriad of recruitment marketing and advertising solutions to help your job listings.
However, what if you had a pool of qualified candidates you could pull from? A talent pipeline consists of individuals you might want to hire for current or future job positions.
Building a talent pipeline keeps you from starting your search fresh every time you need to fill a position.
Why Talent Pipelines Are Essential
There are many benefits of talent pipelines. However, we want to touch on two big ones:
Reduced Time to Hire
Being understaffed can lead to increased expenses, create workplace risks, and cause decreased customer satisfaction. However, you already have a pool of candidates you know are qualified with a talent pipeline.
This helps you get someone in the door and onboarded more quickly. It also means you’re not making hasty decisions with a candidate that might not be qualified just to fill the position.
Increased Offer Acceptance
When you offer a job to someone in your pipeline, will they accept? Creating a talent pipeline is about more than maintaining a database of names.
You also build relationships and engage the individuals in your pipeline. This engagement helps your candidates see the benefits of joining your company. It also enables you to understand your candidates and create a job offer that will uniquely appeal to them.
Start Building a Talent Pipeline
Building a talent pipeline doesn’t happen overnight. It takes work and continued effort to maintain it. However, there are some steps you can take to help you build.
Identify the Goals and Needs of Your Company
Before you can begin creating talent pipelines, you need to identify the goals and needs of your company. Ask yourself: what are current positions needing to be filled? What future hiring needs do you need to prepare for?
Candidate Sourcing Strategy
Once you identify your goals and needs, you can decide where you want to source your candidates from. This can include networking events, referrals, social sourcing, and recruiting databases.
Another great tip is to create a talent community sign up button and form on your careers website. Example copy for this section of your careers site might read, “Tell us more about yourself and we’ll keep you up-to-date regarding upcoming events and career opportunities that match your interests. Join our talent network now!”
Once your pipeline of early talent is built and growing, it’s important to foster those relationships and engage with potential candidates. Don’t just reach out and ask them to apply, but make an honest and organic connection.
Assess Your Pipeline
As you begin building your pipeline, occasionally, you will want to take the time to assess it. Does the talent meet your company’s needs? If you’re missing certain qualifications, you can rework your strategy to build your talent pipeline up more.
Nurture Your Pipeline
Your talent pipeline shouldn’t consist of a database of people you never reach out to. It’s essential to nurture your pipeline.
Don’t annoy your pipeline with irrelevant emails. However, continue building a relationship through content that’s relevant and engaging. If you’ve had previous conversations with them, you can target your content to their interests.
Start Building Early Talent Pipelines With Recruit Rooster
Building a talent pipeline can help your company find the right people quickly with a greater chance of accepting your offer, but it’s essential to nurture your pipeline to get the most out of it.
Recruit Rooster can help you build and nurture your talent pipelines. Are you ready to get started? Contact us with questions or to request a demo today.