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In this next installment of the Passive Talent Strategy series, the AntonGM Team talks about the importance of maintaining your Talent Pipeline.
We’ve all heard the saying, “save something for a rainy day.” This turn of phrase holds a lot of weight when we consider the importance of developing a Talent Pipeline. Arguably one of the most important aspects of an effective Passive Talent Strategy, Talent Pipelines are a way for companies to hire proactively, rather than reactively.
An article published by Hello Talent speaks to the numerous benefits of cultivating Talent Pipelines. There are two that really stand out.
First and foremost, having a Talent Pipeline prevents or at least mitigates business disruptions that can occur if a key member of your staff leaves.
For many companies, hiring strategies are primarily focused on filling vacant positions. The main drawback of this approach is that by hiring reactively— that is, only focusing on positions you need to fill right now— you will always be in reactive mode and new vacancies will take a lot more time to fill. Eventually, these chronic gaps in your organization will lead to a loss in productivity, growth, and opportunity.
The pitfalls of a reactive approach are why developing a Talent Pipeline is so crucial, as it helps firms to anticipate future staffing needs by always having a pool of top industry professionals at the ready to fill talent gaps as they arise in your organization.
Another benefit is that having a Talent Pipeline streamlines your recruitment efforts when it comes to finding those “right fit” candidates for hard-to-fill positions.
In order to build a Talent Pipeline, recruiters engage routinely with selected talent pools, keeping your company top of mind for prospective job seekers. Even if there are no current opportunities for candidates with a certain level of experience or skillset, it is beneficial to keep the lines of communication open.
When candidates are kept “warm” for a rainy day, they are more likely to consider your firm over your competitor, as they already know who you are and what joining your organization could do for their career.
While maintaining a Talent Pipeline requires some effort, the returns are yet another reason to integrate a Passive Talent Strategy into your recruitment efforts. |
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Dale Van Looyen 10 October 28, 2020 |
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Generic Administrator 5 October 21, 2020 |
