With the fight to attract talent particularly intense in some fields, there is a lot of pressure on recruitment. Finding, recruiting and keeping the right people for your business can be tough. However, there are ways to improve your attempts at sourcing and recruiting across all markets; one of which is to build thriving talent pipelines.
This recruitment tactic allows you to get ahead of your competitors and enhance your employee culture. Whether you’re recruiting for a startup or you’re part of a recruitment team for a larger company, there are many reasons why you should start building your talent pipelines. Here are six:
Minimises business disruptions
When someone leaves your business, it can be disruptive. Talent pipelines allow you to be prepared and move quickly to minimise disruption and avoid an awkward period when you’re unable to deliver for your customers or clients while you look to fill a gap.
With a pool of candidates on file that you know have the skills or potential you need, you can vastly reduce the time it takes to recruit.
Going hand in hand with minimising disruption, talent pipelines also help improve efficiency. If you keep on top of maintaining a reasonable amount of communication with your talent pool, it’ll improve the time it takes to place a candidate in a job role. You’ll have already broken the ice and got over that ‘are we right for each other?’ stage. This reduces the amount of time and money required for sourcing and, in some cases, a long multi-round interview process.
Transparency creates a positive candidate experience
As well as sourcing, if you keep up an ongoing rapport with your talent pipeline and, by just checking in or discussing upcoming projects or job openings, you’ll stay transparent. Transparency in recruitment is important as it can benefit your business’s reputation and how you’re perceived by peers in the industry. You should make sure you’re not wasting anyone’s time so it’s best to keep all communication clear, honest, concise and regular.
Once you reach the recruitment stage, your candidates should have had the information they need to fully understand the job role and you can get straight to the matter in your interview.
Put your data to use
Modern businesses collect a lot of data on potential recruits and there’s no point in letting this go to waste. It’s likely that you’ll also have a lot of data on yourself – the processes you do well at, the skills you lack and the investment you need to reach your targets, for example.
A talent pipeline allows you to do something practical with this data.
Keeps candidates interested
Sometimes you find the right person at the wrong time. It can be tempting to try to hire before you’re ready – and stretch your budget too far – to snap them up. Or you can be left with regret as they drift off elsewhere. A talent pipeline can be a third way – letting the would-be recruit know that they’re the next in line if you can recruit and giving them the incentive to stick around and see what happens.
If you’re unsure how to maintain your talent pipelines, check out this blog.
Prepared for any challenge
As well as providing a positive candidate experience from the very beginning, you’ll be ready for any future developments within the industry. If your pipeline is thriving with the best talent, from all industries, you’ll be able to anticipate challenges and capitalise on opportunities. Staying prepared is one of the best ways to thrive and stay ahead of your competitors.
As well as helping you get the best talent through the door, creating talent pipelines can benefit your recruitment strategy. Here are just some key takeaways to remember:
- You can keep talented candidates interested.
- You can recruit efficiently.
- You’re prepared for any eventuality.
- You can put your data to use.