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A well-planned, proactive and efficient hiring process and sound business strategies can increase your company’s productivity and multiply your profits. And such a fast and effective recruiting process is possible if you have an adequately staffed talent pool.
Right now, we will consider in more detail and carefully what such a personnel reserve is, what the advantages of its presence for the company are, how to correctly make it up and manage talent pool resources.
What is a talent pool?
What are the benefits of having a good pool of candidates? The importance of talent pooling
Some valuable tips for building an adequate talent pool
Summarizing
A talent pool is a set of potential candidates created and maintained by recruiters and organized as a candidate database and usually kept up to date with a candidate tracking system and recruiters’ information received as a result of every current project.
Such a database allows HR departments to be able to quickly and painlessly fill any gap in the staffing of the company and enhance the quality of the job seekers suitable for the position.
There are some good reasons why a company should have a quality database of candidates in its arsenal:
The candidate database contains actual information about candidates with up-to-date profiles and specific skill sets who are sufficiently experienced and easily accessible. This factor can significantly shorten the hiring process and allow the company to focus on more crucial processes.
The typical search and selection of candidates involve many painstaking and time-consuming processes. And a well-established and regularly updated talent pool can help the company save time and effort by reducing the overall number of hiring stages and always having the right candidates on hand, which supplies the company with a tremendous long-term hiring strategy.
Besides active job seekers, the database contains a number of passive candidates with the required skills and qualifications. These candidates were not going to change jobs when they came to the recruiters’ attention, but the favorable work conditions offered may make these candidates change their plans.
A typical hiring process usually involves a substantial expense for creating and posting ads, conducting interviews, using unique recruitment platforms and tools, and so on. In addition, such a database will let the company avoid such processes and thus reduce the overall cost of hiring.
Having a database can help the company shorten the number of candidate rejections, since recruiters in this case deal with already potentially suitable applicants for the open vacancy. Besides, by adding candidates to the company’s talent pool, the company’s representatives inform them that they may later apply for a different position instead of the one they applied for. This strategy also reinforces the positive image of the company.
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Global Recruitment & Staffing
for fast-growing companies
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