October 29, 2019
The Overlooked Essentials of Building Talent Pools of Excellence

Today, companies are contending with a highly competitive talent market. Businesses are struggling to engage with in-demand, skilled professionals, stand out from the competition, and create intriguing employer brands that capture the attention of candidates. As a result, their talent pipelines may be insufficient. They end up recruiting reactively instead of proactively, and that typically isn’t ideal.

However, by following the right approach, building talent pools brimming with exceptional candidates is possible. If you want to craft a talent pipeline that will serve you well today and into the future, here are some overlooked essentials you need to embrace.

Assess Your Existing Talent

Before you begin cultivating a talent pool, you need to understand the composition of your existing workforce ecosystem. Without a thorough knowledge of what your existing employees bring to the table, you maybe making assumptions that are ultimately inaccurate.

Begin by assessing the capabilities of your staff. Learn what skills they possess as well as their degree of expertise. As you do, don’t focus solely on competencies that relate to their current role. Often, professionals have skills beyond what they use on a daily basis, so you need to find out if their capabilities extend further than you expect. That way, when it comes to skill gap identification, you can be sure that what you believe is missing actually is and that you aren’t overlooking a top talent that is already part of your workforce.

Determine Your Current and Future Needs

As you assess your existing employees, you can identify skill gaps that may need to be filled quickly. This allows you to formulate a list of talent pipeline priorities, giving you insights into where you should focus your efforts.

However, you don’t want to stop your analysis at this point.Instead, you need to consider what talents you may require in the future.Review your upcoming project plans, examine product or service development goals, and consider any implementations that are on the horizon that may require skills that aren’t currently represented in your team. When you do, you’ll get a more comprehensive picture of your long-term hiring needs.

Create an Organizational Talent Strategy

Once your assessment is complete, you need to use those details to craft an organizational talent strategy. Often, this will be multi-faceted, dividing your activities into three primary categories.

First, you can determine areas where you may be able to create the talent you require. Typically, this involves up skilling top performers, giving them opportunities to increase their capabilities in alignment with your needs.

Second, you need to identify which skills are long-term needs. Ideally, focus on skill sets that need to be permanently present in your organization when creating this recruitment category. That way, you know not just what you need to hire now but what needs to remain a part of your talent pipeline for the foreseeable future.

Finally, examine your short-term skill needs. Usually, this involves professionals with niche skills that you only need for a finite amount of time, such as during a specific upcoming project or to assist with a particular implementation.

This process allows you to define your targets and priorities. In the end, you’ll have details that enable you to create an organizational talent strategy that focuses on your needs at various times.

Cultivate Your Talent Pipeline

With your business strategy in place, it’s time to cultivate a talent pipeline that aligns with those objectives. By having an engaged pipeline in place, your candidate search never has to start from scratch.

You’ll always have one foot in the door, and that will accelerate your time-to-hire while simultaneously reducing costs.

In many cases, developing a robust talent pipeline is a time-consuming venture. However, you can expedite the process by partnering with a staffing firm.

Staffing firms maintain talent pools of skilled professionals, including both active and passive job seekers. They work diligently to craft meaningful relationships with candidates over time, ensuring they remain connected and engaged long-term.

Additionally, staffing firms can leverage their reputation to boost your brand, leading to more successful recruitment efforts in the future. As a result, you gain access to a robust talent pipeline immediately and the ability to cultivate one that is explicitly based on your needs. This ensures you can meet your hiring objectives today, tomorrow, and well into the future.

If you are looking to enhance your talent pool by partnering with a leading staffing firm, the team at BlueAlly Services wants to hear from you. Contact us to learn more about our comprehensive services today and see how our talent pipeline management expertise can benefit you.