- Hi there, and welcome back.
In today's bite,
we take a deep dive
into the wonderful world of talent pools.
What is a talent pool, why should you have one,
and how do you maintain a talent pool?
Here goes.
In today's largely candidate-driven market,
recruiters can't afford losing out on talent
simply because they currently don't have a role that fits.
So, rather than falling out of touch,
try to stay in touch
and keep your candidate interested instead,
via a talent pool, for example.
What is a talent pool?
A talent pool is a database that holds the profiles
of all the people who are interested in your organization.
Roughly speaking, there are two types of people
in a talent pool:
those who haven't applied yet
but may want to do so in the future
and who want to follow-up with the company's activities
in the meantime,
and those who already applied before but didn't get the job,
for example, because they didn't have the right expertise
for that particular position,
but who did match the company culture.
Now, let's take a look at the why of a talent pool.
What are the benefits of having one?
A talent pool can act as a safety net.
Whenever you see yourself faced
with an unexpected sudden departure,
having a talent pool can save you.
It's the first place you can look for qualified candidates,
and if you are lucky,
you won't need to launch a full
and often long and painful recruitment process.
As an added bonus,
if you happen to find a suitable candidate
in your talent pool,
this will have a positive impact
on both your time to hire and cost per hire.
A talent pool is also a great way
to access passive candidates.
It gives them the possibility to follow your company
and stay up-to-date with the latest news, relevant content,
and vacancies, but without them feeling pressured.
Having a talent pool filled
with qualified talent at your disposal
is also beneficial for your strategic workforce planning,
since you can take these profiles into account
when making your long-term planning.
Finally, via the content you share
with the people in your talent pool,
you can give them a taste of your employer brand
and what it is your company is about as an employer.
All right, so much for the benefits of having a talent pool.
What about how to maintain one?
Because having a talent pool is one thing,
but keeping people interested
and perhaps one day joining your company is another.
Here are a few tips.
First of all,
regularly browse through your talent pool.
This helps you make a habit
of regularly checking your talent pool
so that once you've got a position opening up,
you'll turn to your talent pool first as a reflex.
Second, don't forget about former employees.
Unless someone leaves after a big disagreement
or some sort of other drama,
employees might actually come back one day.
Number three: add internal talent.
A big advantage of having your current employees
in your talent pool too is that you already know them.
You know what they're capable of
and that they fit in your organizational culture.
Number four: fill difficult positions.
Another advantage of having internal talent
in your talent pool is that you won't forget about them
when you need to fill senior roles,
positions that are often not that easy to recruit for.
Number five: engage with personalized content.
In terms of keeping candidates interested,
this one is important.
Identify what stage the candidates in your talent pool
are in and the depth of content you send them.
For instance, someone who isn't actively looking
to change jobs is less likely to be interested
in actual vacancies,
but perhaps, keen on receiving content
that can help them with their career.
That's it for today's bite
in which you've learned what a talent pool is,
what the benefits are of having one,
and how to maintain a talent pool.
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and I'll see you soon in our next Learning Bite.
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