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Advantages of talent sourcing in the current market

blue-collar manpower

blue-collar manpower

In the employment world, there are a lot of contradictory messages lately. On the one hand, you’re witnessing an influx of layoffs, cutbacks in hiring, and corporations withdrawing offers, while economists warn you of an impending recession. 

On the contrary, we read that business as usual is continuing for most organisations, candidates and employees still hold the advantage, and the labour market is still extraordinarily strong. It’s challenging to predict where this journey will lead, as headlines always seem to change. It’s important to focus on your ultimate target even though the route may be rocky and your chart may not be clear.

Where Should Businesses Put Their Complete Focus?

In the last few years, many organizations made changes-related promises on diversity, equity, and inclusion (DEI). Genuine dialogues occurred at work, DEI declarations were made public, diversity objectives were established, and internal training was provided. The discussion shifted from the significance of DEI to how businesses planned to advance and enhance DEI efforts. It appeared like progress was being made with inclusion, equity, and diversity at the highest level of the priority list.

However, everything can change in an instant. We also stand at a crucial fork in the road right now. Companies must choose whether to keep their word and give diversity and inclusion a priority in the face of unsettling headlines and firms that become reactive. Or are they going to allow these projects to be lost?

We may be prejudiced, as we are a company committed to increasing access to transformative opportunities and promoting equity in the globe, but this is not the time to give up on hiring for diversity and inclusion programs. It’s time to intensify efforts to create an equitable workforce and concentrate on the greater picture rather than reducing attempts to create diverse teams. The benefits of doubling down on DEIB are undeniable: diverse teams perform better for organizations; businesses that value diversity and inclusion realize higher overall income, and applicants are more inclined to join organizations that support and engage in DEI.

More than ever, there is a demand to improve efficiency, maximize the potential of every available position, boost representation, and streamline procedures. Where should your business put its most emphasis on employing diverse teams?

Sourcing is the solution.

The Sourcing Power

A forward-thinking, long-term plan for acquiring people must include sourcing. Not to add, sourcing is when you can have the largest influence if you work with organizations that care about employing untapped talent. When it involves seeking candidates, this is not the moment to take a backseat. You may find undiscovered talent, create a fair top-of-funnel pipeline, and forge genuine connections with competent job seekers by using outbound candidate sourcing.

Here are three more arguments that your company shouldn’t be undervaluing the influence of talent sourcing, in case you need more persuasion.

Sourcing Cuts Expenses

An open post costs businesses $4,129 on average and takes 42 days to fill, according to a Society for Human Resource Management (SHRM) survey. That is a large sum of money. Finding methods to cut expenses is crucial, particularly in light of the impending crisis. Long before your staff needs to fill a vacancy, sourcing enables you to develop talent and create genuine connections. You have an active, well-curated top-of-funnel pipeline which you can tap into as soon as a role becomes available. You’ve just greatly accelerated and improved the efficiency of the hiring process. 

Sourcing Boosts Efficiency

The best successful strategy is out of the volume game. It’s now more crucial to concentrate on competent prospects at the very top of the funnel rather than attempting to have as many individuals in the process as you can. Effectiveness is now the main focus. Try to create an equal pipeline instead of focusing on expanding the top-of-funnel pipeline; sourcing facilitates this. By sourcing candidates, you may raise the standard of hires, expand your reach, get greater control over the hiring process, and expedite the process by screening applicants early.

Sourcing Promotes Diversity in the Office

To reach underrepresented communities, you may develop inclusive job ads, promote your inclusive workplace brand, and collaborate with groups. But sourcing is the solution if you want to step up your diversity recruiting efforts. You can deliberately create a varied top-of-funnel pipeline through talent sourcing. Does your organization have a team that is deficient in a particular demographic? You may be proactive and thoughtful when adding additional unexplored prospects to your pipeline by using sourcing.  

Top Sourcing Techniques

After learning about the advantages of sourcing, it’s time to discuss best practices. You should not only increase your sourcing efforts but also review your sourcing procedures. Is the effectiveness and efficiency of your team at its peak? Do you source candidates by best practices? 

Utilize Appropriate Tools

One of the many tasks that recruiters must prioritize is sourcing. This process can become burdensome and unorganized if candidates are sourced from the start, using spreadsheets and other tools, and there is no way to monitor what is working. Other sourcing problems include managing the recruitment pipeline, locating applicants who are underrepresented, and encouraging job searchers to reply to communications. A talent team needs the correct recruiting tool to be successful. Investing in an infrastructure that facilitates process optimization, expedites the identification of underutilized talent, and tracks critical performance indicators will pay off.

You may effectively source candidates by utilizing an application like Untapped to access our talent pool of over 35 million accessible profiles. Untapped makes it simple to sort through demographic information to create a top-of-funnel pipeline that is equitable.

Monitor and Assess Sourcing Indicators

When it involves hiring, particularly when attempting to create a more diverse staff, monitoring and evaluating results against KPIs is essential. Your team should measure applicant demographics at the highest level of the funnel in addition to measuring the overall number of recruits sourced and the performance of the sourcing channel.

Without measurement, it is impossible to manage. Consequently, you will never be able to accomplish your goal and source a more diverse workforce if you aren’t monitoring diversity inequalities in your sourcing process. The data should be able to be sliced and diced however you see appropriate. It will also be quite helpful to know how your top-of-funnel pipeline stacks up against other businesses in the same industry and size.

Establish a Robust and All-Inclusive Employer Brand

What do you anticipate a sourced candidate would do when you reach out to them for the first time? Look up information about your business on the internet. The candidate will be drawn to your organization or turned off by its internet reputation. Two out of every three internship and first job candidates said in a recent report that we polled almost 800 Early In Career (EIC) participants that they “would not accept a dream chance with a poor DEI rep company.”

You must therefore establish a powerful and welcoming employer brand. To begin with, you should confirm that your company has a page on its website that highlights its values, mission, and personnel. To candidates looking to join diverse workforces, proving your organization’s commitment to DEIB will be very important. Finally, presenting yearly DEIB reports with staff demographics helps demonstrate to potential hires your organization’s dedication to openness and responsibility.

Becoming Recruiting Events’ New Best Friend

It should come as no surprise that one of the best ways to find prospects is through recruiting events, where you can meet applicants in person or electronically. Additionally, candidates think it has a lot of significance.  Seven out of ten internship and first-time job candidates “would rather visit an event prior to applying for a role to assess the job and the business and to gather information,” according to recently released poll, The Early Talent Sentiment Report. Establish your objectives in advance, look at ways to make the event memorable, use creativity, and make sure that you have a plan in place for how you will continue to engage prospects after the event to create an effective recruiting event. Our comprehensive event solution can help you optimize your return on investment if you’re trying to organize recruiting events that are impactful, relevant, and engaging.

Conclusion

Recruitment agencies play a crucial role in facilitating blue-collar manpower placement in the Middle East. Their expertise in talent sourcing, compliance, and cultural integration streamlines the recruitment process for both employers and job seekers. Among these agencies, 

Soundlines Group stands out as a trusted partner for global recruitment solutions. With its commitment to ethical practices, comprehensive talent acquisition services, and focus on employee welfare, Soundlines Group is the ideal choice for employers seeking skilled blue-collar talent from India and beyond. 

Partner with Soundlines Group today to unlock the potential of a diverse and talented workforce for your organization.

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