4 Effective Ways to Build a Talent Pool for Your Organization A recent study conducted by the Project Management Institute (PMI) shows that approximately 35 percent employers face difficulties in implementing even half of their corporate strategies, due to a lack of competent professionals. The scenario is not limited to any specific industry; rather, it is persistent across the horizons. The first question that crops up is what can you do to overcome the challenge of workforce shortages? In this post, we have listed four effective ways to acquire quality resources and build a talent pool - some even endorsed by premium job placement agencies.
1. Revamp Your Employee Referral Program An employee referral program is one of the best ways to find quality resources. However, it should be worth their efforts. Offer attractive perks to employees who would otherwise not feel motivated enough to give references. An effective way to collate references is through a web-based system that is directly linked to the open job opportunities. Leverage your company’s intranet or social media pages asking for references. Make sure you research well to figure out what level and type of referral compensation will encourage your employees to refer some suitable candidates.
2. Put in Efforts to Build Your Company’s Brand Value Your company’s brand value including the work culture plays a crucial role, when it comes to talent acquisition. Firstly, it helps you retain existing employees. Secondly, satisfied staff are likely to share their personal experience with their colleagues, friends, and family. This, in turn, will enhance your company’s reputation as well as boost the recruitment efforts.
3. Encourage In-house Talents through IJPs Nurturing and encouraging in-house resources may prove to be an effective way to meet staff shortages in the long run. Internal Job Postings or IJPs play a crucial role in formulating talent acquisition strategy and making talent forecasting. This not only
helps them push their limits but also provide you enough talent pool to implement the corporate strategies. Promoting existing and high-performing employees is an excellent proposition when it comes to filling out senior positions within your organization. The reason being, existing employees are already abreast with your company’s work culture and aware of the clients’ expectations. There will be no or minimal training required for these employees to deliver work in fast turnaround time.
4. Have a Relook at Your Talent Acquisition Strategy In today’s dynamic job market, it is needless to say that your existing talent acquisition strategy may need an overhaul. Archaic job postings may not interest new talent. You need to review your job description on a regular basis to be sure they correctly describe the current requirements. In addition, you can revamp your job posting strategies. Instead of resorting to conventional job portals, you can post your current opening on the major social media platforms as well including LinkedIn and Facebook. Many employers are even outsourcing their recruitment needs to various job placement agencies Dallas, Tx. By expanding your options, you can revolutionize the way you find candidates and increase your success rate.
The Bottom Line Although it takes some time and expense to revise corporate recruitment strategies, the rewards in terms of having a deeper talent pool may far outweigh the expenditure. While you are in the process of changing your talent acquisition strategies, it is advisable to rope in a professional staffing company. Instead of outsourcing your job to many job placement agencies, better stick to just one reputable staffing firm with substantial experience in staffing and a rich pool of talent.