Having a strong talent pipeline can take your hiring process from searching for candidates to proactively nurturing relationships with potential candidates over time. It can also reduce the time and expenses associated with new hires. Here are some strategies to develop a robust talent pipeline:
1. Eliminate Unnecessary Restrictions
Focusing on potential as well as current skills in your candidates can broaden your pool of candidates and help you find ones who might not be obvious choices but could be a fantastic fit in your organization. For each position you have, know what job requirements are absolutely necessary, and what job requirements are nice to have. For example, is a degree truly required to work in your organization? Would some positions be able to be done remotely?
2. Nurture Relationships with Promising Candidates
Maintain contact with promising candidates who weren't selected for previous openings. Consider reaching out to them during birthdays, holidays, or significant career milestones to express personal interest in them without being overbearing. Share information or jobs that are directly connected to their interests and expertise.
3. Invest in Employee Development
Foster internal talent by providing growth opportunities, training programs, and mentorship initiatives for your current team members. Offer training and upskilling opportunities as soon as you see that your team has the capacity and emerging skillset, instead of waiting for team members to ask for training. Consider incorporating promotion planning into your 1:1’s, and make sure team members are clear on how they can move up within the organization.
4. Proactive Networking and Sourcing
Actively engage in industry events, conferences, and online platforms to connect with potential candidates. Leverage social media and professional networks to showcase your company culture and attract passive talent. Consider partnering with universities and vocational schools to tap into emerging talent pools.
5. Leverage Technology
Utilize applicant tracking systems and talent management software to help you organize candidate information, track interactions, and identify top prospects efficiently. You may want to save candidate information in order to maintain contact with quality candidates who may help to fill roles down the road.
Chew on This:
What’s one step you could take in this coming week to start building or augment your talent pipeline?