Strategically Source Talent for the New World

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Make the case for strategic sourcing Finding top talent for critical positions is more challenging, which is having an impact on business. Firms have the opportunity to reach for strategic sourcing as a solution, but only if they make the right investment. Assess the current state of your strategic sourcing function Building a robust sourcing channel requires significant changes in the people, processes, and technologies involved in talent acquisition at your organization. Benchmark against the goals of the program to track the tangible business value of the project, and focus your investment where it will have the most impact. Design a strategic sourcing process to reach out to passive candidates Don’t expect your talent acquisition team to do both strategic and tactical sourcing. The path of least resistance leads to posting jobs to boards and praying for the right candidates to find you. Structure your organization to make strategic sourcing possible and attract the best candidates. Take advantage of strategic sourcing tools Talent acquisition specialists who are sourcing strategically are only as good as their tools and technologies. Use recruiting technology effectively to attract the best candidates. Get the right people involved to implement your plan Recruiters who are sourcing strategically need a different set of technical and recruiting skills than those sourcing tactically.

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How to find top talent has changed, but it’s still about quality of hire. Your Challenge The return of talent scarcity is challenging firms that need top talent for critical positions. In Manpower’s 2013 Talent Shortage Survey, 35% of respondents reported having difficulty filling positions due to available experienced talent, the highest number since 2007. Talent scarcity is having an impact on business. In the same survey, more than 1 in 2 respondents who experienced difficulty filling jobs due to talent scarcity said it was having an impact on their ability to compete and meet client need. Our Advice Critical Insight The shift to strategic sourcing is a forced change. Firms who fail to adapt to the fundamental shift in recruiting risk being unable to meet a surging demand for talent. Executives understand the importance of strategic sourcing. Respondents in McLean & Company’s HR Trends and Priorities for 2014 survey identify sourcing challenges as an important priority. HR leaders are being tasked to revise their talent acquisition strategy and advise executives of how they are dealing with changes. Impact and Result Strategic sourcing is the solution to talent scarcity. The emergence of social recruiting is creating opportunities for firms to meet the challenges of talent scarcity. Sourcing is no longer the sole purview of recruiting agencies. It is easier than ever to reach currently employed, high-quality talent open to considering a career move. Make the right investments to build a strategic sourcing function. Strategic sourcing can help firms fill critical positions and ensure they remain competitive but only if they make the right investments. Talent acquisition teams need the people, processes, and technologies in place to attract top talent.

Transcript of Strategically Source Talent for the New World

Page 1: Strategically Source Talent for the New World

Make the case for strategic sourcing Finding top talent for critical positions is more challenging, which is having an impact on business. Firms have the opportunity to reach for strategic sourcing as a solution, but only if they make the right investment.Assess the current state of your strategic sourcing function Building a robust sourcing channel requires significant changes in the people, processes, and technologies involved in talent acquisition at your organization. Benchmark against the goals of the program to track the tangible business value of the project, and focus your investment where it will have the most impact.Design a strategic sourcing process to reach out to passive candidates Don’t expect your talent acquisition team to do both strategic and tactical sourcing. The path of least resistance leads to posting jobs to boards and praying for the right candidates to find you. Structure your organization to make strategic sourcing possible and attract the best candidates.Take advantage of strategic sourcing tools Talent acquisition specialists who are sourcing strategically are only as good as their tools and technologies. Use recruiting technology effectively to attract the best candidates. Get the right people involved to implement your plan Recruiters who are sourcing strategically need a different set of technical and recruiting skills than those sourcing tactically.

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