Source of Talent Management

Talent sourcing refers to the process of identifying, researching, generating, and networking with potential job candidates in order to convert individuals into job applicants. The broader task of talent sourcing is to generate a consistent flow of highly-skilled applicants.

How Talent Pools Work

If a talent pool becomes a standard part of your HR arsenal, you can benefit several times over. That’s because:

• The recruitment process does not have to start from scratch every time.
• Your pool of talent optimizes preselection through existing information.
• Second-choice applicants from other selection processes can be quickly obtained if they are available and interested.
• Specialist departments can preselect using the available pool.
• The HR department’s job is made easier.
• The risk of selecting the wrong candidate drops.
• Recruitment costs are significantly reduced.

The Talent Sourcing Process

Each organization should develop their own sourcing process to suit their own needs. With that in mind, there are four basic steps to the sourcing process. As you will see, the talent sourcing process combines elements unique to talent sourcing with those that overlap with recruitment.

• Source: once a sourcing plan is in place, the next step is to identify, reach out to, and cultivate relationships with potential candidates. Be sure to read the “Talent Sourcing Tips section below for guidance on how to source most effectively.
• Plan: talent sourcing begins with establishing a clear plan designed to direct your search towards areas where you are most likely to find a high-density of desirable candidates.
• Assess: Once you’ve generated a pool of qualified applicants, it’s time to assess the pool. This involves identifying the candidates best suited to perform the position in question and those most aligned with your organization’s culture and values.
• Onboarding: the final stage of the talent sourcing process entails the onboarding of new employees.
• Hire: after a thorough interview process, you will offer the position to the top candidate, negotiate the particulars of the employment contract, and ultimately hire them.

There are different stages/processes that are involved in the Talent Acquisition cycle including getting the brief; creating a job description; circulation; search; application, screening et al.

There are 3–4 primary sources that most players go to for acquiring the right talent. These can shuffle between:

• Internal Referrals
• Recruitment/ Executive Search Agency
• Word of Mouth
• Social Media
• Job Aggregator Websites