Category: Talent Pipeline


Developing Future Leaders with Talent Pools

November 16th, 2016

With thousands of baby boomers entering retirement each day, organizations are understandably looking for ways to retain and develop promising talent with future leadership potential. Along with the mass exodus of a vital part of the workforce, a potential wealth of knowledge is poised to leave along with them—and companies must find a way to transfer that knowledge to new and up-and-coming employees.

An effective talent strategy is necessary to keep an organization’s hiring processes running smoothly. Whether you are planning to replace an employee with a new hire or promote within the company, certain roles and responsibilities are better served when groomed from within the organization. This is especially true if the company can’t find qualified candidates to fill a vacancy or when the need for company-specific knowledge outweighs the value of bringing in a more qualified outside hire.

Internal development strategies that satisfy both the need to identify and notify applicable succession candidates can be challenging for even the most innovative talent acquisition teams. Talent pools can provide an effective solution when an organization isn’t in a position to single out any one employee as a future leader, or perhaps wants to build a talent pipeline outside of the business to be ready for future needs.

What is the Value of a Talent Pool?Kids in a Swimming Pool, children for summer season. Kid inflatable pool, child swimming in the pool, Vector Illustration

Talent pools can be comprised of high-potential employees who are being conditioned to take on more responsibilities and higher-level projects within the company, or talent identified from other companies who would be potential high value hires in the future. High-performing employees are fully engaged employees who embrace the corporate culture and constantly strive to perform their duties at a top-level.  These employees might also be considered high-potential employees who have expressed an interest in advancing within the organization along with possessing certain competencies and values that the organization desires in their leaders.

Talent pools help organizations prepare for succession by allowing the organization to develop a talent group made up of multiple promising individuals. If an organization is unsure about where or when it will have the need for future leaders, a talent pool affords the option of keeping a group of high-performing, high-potential employees ready for deployment should the need arise, or reach out to identified talent to field future interest in your company.

From an employee’s perspective, being part of a talent pool can be a reassuring step toward career advancement. Employees at this level know they are valued, they feel confident that they have a future with the company, and they are rewarded with the knowledge that their employer is consciously investing in their future leadership potential.

If your organization isn’t ready to start pinning down succession prospects, implementing a talent pool can be a great way to develop multiple skills in diverse groups of promising employees. While some staffing vacancies can be effectively filled by recruiting new talent, identified outside of the company, the future of the company’s leadership can also be successful by investing in high-performing and high-potential internal talent for future promotion.

How to Recruit Passive Candidates, Part 2

July 20th, 2016

As discussed, the goal of of sourcing passive candidates is to build relationships with highly skilled pools of talent. You usually won’t find passive candidate resumes online, and engagement requires a strategic and thoughtful approach. So, what can you do?

passive candidate pool First, it’s important to build your pool, and in turn, your network. A great way to be successful is name generation. While resumes are nearly impossible to find, names are not. You know your target candidate, and you know the companies where they work. In it’s simplest form, creating an excel spreadsheet with columns of name, title, company, location, and contact info is a great start.

Use all the channels possible to build your pool; LinkedIn, associations, conferences, company websites, and universities, just to name a few. Put every name you find that is attached to the target industry and expertise for which you’re looking on the list. It can’t hurt to have more than you need when building a pool for passive sourcing.

With your list or ‘talent pool’ complete, you can begin to engage. You can start with your primary targets, or folks you know wouldn’t be an exact fit, but could be a great referral source. Modify your email or message for each set of candidates, requesting their expertise to identify the extremely niche skill set you seek.

More often than not, people are willing to help, point you in a good direction, or even have a colleague who would be interested that you missed. It’s important to be thorough and resilient when sourcing passive candidates, traits that will set you apart from every other sourcer or recruiter in the war for talent.

Need help catching the attention of passive talent?

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Why Managers are Failing to Hire – It’s not always HR’s Fault

May 4th, 2016

Often, managers keep C talent in roles too long. Here’s why networking can help.

First, it’s important to understand what today’s economy and labor market look like:

  1. There are a lot of job openings.
  2. Unemployment is low.
  3. 1 in 3 workers that is happy, however, they intend to change jobs.

Yes, we are now in a market where happy workers are moving around and ready for their next challenge!

In a candidate’s market, what do managers do about hiring for their team/department/division? I know what they do. Complain to Human Resources and to their boss that they are not seeing enough talent for their openings. I hear this everyday from customers. And we tell them the same thing every time. Failing managers count on others to find talent for their organizations. And then blame HR or Talent Acquisition teams.  

This is why failing managers keep average or below average talent. In survey after survey, managers admit they keep sub par talent because they have no one else to do the job. Which is another way of saying that they don’t intend to do that job either. They are simply happy with the notion that someone is doing the work. But the failing employees are not happy! The employees are missing time, or making mistakes, and causing havoc with the rest of the team. Aren’t leaders responsible for budgets, productivity and results? Of course.

how-to-hire-a-players-coverSo why not network to go from being an average or failing leader to one who networks and fills their own jobs? This is what I call keeping your sofa full. (Check out chapter 7 in How to Hire A Players by Eric Herrenkohl.)

Failing (C players) managers blame others and do nothing.

Winning Leaders (A players) get out out to meet talent at trade shows, industry events, chamber meetings, or at civic and social clubs. Leaders get out to build their network. To meet people. To offer help and create value. But they are always working on building their bench and know who their next hire is going to be!

Which type of leader are you?

What is a pipeline of candidates?

April 27th, 2016

A common definition: A pipeline of candidates also referred to as a ‘candidate pipeline’ or ‘talent pipeline‘ is a pool of candidates who are qualified to assume open positions when they are created or vacated through retirement, promotion, or someone leaving the company.

what-is-a-pipeline-of-candidates

To clear up any misconceptions of what a candidate pipeline is, let’s discuss what a pipeline of candidates is not.

A pipeline of candidates is not…

  1. A Resume Database: Any company with an Applicant Tracking System or file of resumes collected over time technically has a ‘database of candidates.’ Likely those same candidates sent their resume to other companies, which means just having the resume isn’t worth much of anything. Has anyone qualified those candidates or built relationships with the people behind the resumes? Without at least a phone screen, a batch of resumes is no more helpful than a pile of blank paper.
  2. A Static, On-call List of Candidates: In the world of recruiting, you’re not buying a thing, you’re buying a person. People have wants and needs, and they often change and evolve. People are promoted, switch jobs, change paths, have different priorities, etc., etc. It’s important to stay in touch with candidates and move people on and off the list of qualified candidates. If you’re buying a pipeline of candidates, you should expect that a Recruitment Consultant is staying in touch with the humans on the list and updating the talent pipeline.
  3. An Exclusive Access Pass to Top Talent: No recruiter has ‘a list of people that no one has. LinkedIn is public and the world is small. Lists may be different but don’t expect that your money can buy something that the company down the street can’t.

Now that we’ve cleared that up, I hope you’ve also learned that developing a pipeline of candidates takes time and requires consistent relationship building. This is what makes a ‘list of names’ investing the time in or worth paying for. Instead of a pile of resumes, a talent pipeline is a list of qualified candidates that have each shared their background, skills, career goals and and interests with a Recruiter and those things line up with your company’s ideal candidate profile.

Building a talent pipeline is a shift from reactive recruiting to proactive recruiting, or recruiting in advance of your hiring needs. So instead of waiting until a position opens or is vacated, you work to fill future openings with talent that is a fit for your business. It means that when you have a new job open or an employee leaves, you can tap your talent pipeline to fill your jobs faster. That’s how a talent pipeline improves your recruiting process.

The 1 Thing You Should Be Doing About Talent

December 16th, 2015

People ask me all the time if there are any shortcuts in recruitment. Are there any quick fixes to deal with today’s changing talent landscape? Normally I would lecture you. I’d explain that your talent strategy is as fundamental as your business strategy or marketing plans. However, there is something you can do right now that will help you and your business immensely in the long run.

The one thing you should be doing about talent is keeping the sofa full. Leaders should practice “keeping the sofa full,” by interviewing talent all of the time. (Read my blog on Keeping the Sofa Full here)

Everyday leaders struggle with proactivity and routines. A business needs a rhythm or way of pulsing and discussing what is most important. Where should we put our focus? Where should we put our time and attention? What matters most? Deciding what is most important is the hardest part.

I’ll say it again, your business should be interviewing talent all of the time. It is really that simple. We don’t sell only when we need a new customer. Proactivity is everything. Keeping the sofa full is about always knowing who your next hire is. But I don’t have any openings right now you may be thinking. You may not now, but you will. We all will. That is the one fact in today’s talent-driven economy. Your business and every business will lose some talent for good and not so good reasons. What you do about it is a choice.

When you keep the sofa full, it will take less time to fill your open positions. If you always keep an eye on talent and meet people, it can shorten the days it takes to fill a recently vacated position. Keeping the sofa full also improves your brand and your productivity. Can you find better talent than you have? Can you top grade or upgrade someone who is failing or has average performance? Keeping the sofa full is a direct way to improve your engagement scores and culture at the same time because it requires you to be giving feedback to staff and to know if they are productive and a culture fit.

I know this seems impossible for your company. You’re fighting today’s fire. Dealing with this week’s crisis or business opportunity. The business has a different plan du jour right now. Time is always the enemy for good ideas like this. Recruiting proactively takes planning, discipline and prioritization to interview all of the time. As a leader it takes time, money and most importantly resources to commit to this. It seems like a soft dollar cost savings to turn hiring all of the way off. But have you ever tried to get any program going again when it was turned off completely? It takes retraining, planning, kick off meetings, etc. to breathe life into something that has not been used in a while.

So take action. What are your three most abundant skill sets? What is the hardest role to fill in your business? Build recruiting for these roles into your daily operations. Take all networking calls. Meet any referrals quickly. In short, interview talent all of the time.

Introducing talentSOURCE

July 27th, 2015

The improvement of the economy is shifting control of the job market back into the hands of the talent; How are businesses going to keep up with hiring, reduce their time-to-fill, and identify top talent?

NEWARK, Del. – July 27, 2015 – CBI Group has launched a new service, talentSOURCE, a comprehensive suite of talent pipelining solutions designed to solve hiring challenges. This new recruitment sourcing service was developed after considerable feedback from clients regarding difficulty sourcing top talent for hard to fill jobs. talentSOURCE offers customers five levels of sourcing and pipeline development services for a specific position or a number of positions.

As the economy improves, potential candidates have options, are well paid, and aren’t putting themselves or their experience out on the web as much; in turn, making sourcing talent more difficult. talentSOURCE has been developed to help businesses reduce time-to-fill, improve quality of hires, and identify top talent for hard-to-fill opportunities.

“Given the scarcity of talent and the importance of that talent to the strategic directions of our customers, we saw an opportunity to provide another service option,” says CBI Group President, Chris Burkhard. “We find that time and resources in recruitment are often stretched thin and that new ways of identifying candidates like talentSOURCE give leaders another lever to pull when needed!”

When examining hiring trends, it’s no surprise that the shift in the job market towards the candidate is affecting some of the most critical metrics. According to Indeed’s Time to Fill report in January, when businesses fail to fill a job opening within the first month, there is a 57% chance that the position will remain open for three months or more.

Additionally, more often than not, passive candidates, or those candidates who are employed and generally happy, are the most talented and desired professionals, making a strategic sourcing plan increasingly important.

CBI Group is a recruitment solutions company that serves customers nationwide from their Newark, DE headquarters. If you need talent sourcing help and would like to learn more about talentSOURCE, contact CBI Group at (877) 746-8450 or email icanhelpyou@thecbigroup.com.

CBI Way: Engaging Your Talent Pipeline

June 17th, 2015

By Outside-In® Team Member Alex Patton

Just as important as getting your talent pipeline started is keeping that same pipeline engaged with your business. Long before a position that needs to be filled quickly opens, you should be building relationships with the talent pools you’ve created or identified. There are number of ways to engage your pipeline. The methods that will work best for your talent pipeline will probably depend on the type of candidates that are in your pool. Let’s take a look at two strategies for engaging those candidates; social media and in-person networking.

According to a survey by ERE, just 38% of employers continuously recruit throughout a year. Talent pipelining is almost exactly that; keeping in touch with quality candidates, and forming a relationship that could pay dividends in the future. Your pipeline is like your business’ network. Think about sponsoring live networking events at a local college and give young professionals an inside look into your business, its values, and its goals. If you’re recruiting healthcare workers, promote an event for healthcare workers to your healthcare talent pipeline. Set a meeting place, a speaker, and an interesting presentation on new trends in the medical field, and explain the value the information could provide. Follow up the event with an email survey to the attendees in your pipeline and ask them to rate their experience and if they would attend another similar event for medical professionals.

The combination of personal networking and social media content can go a long way in keeping your pipeline engaged. The candidates could be interested in the next event or may be looking for more relevant content about their industry or even your company. Don’t forget to use social media and web content to your advantage. It’s easily accessible, simple to send out, and is a critical tool for keeping your pipeline aware and engaged.

Have you heard about our talent pipelining service, talentSOURCE? Learn about the sourcing service and benefits by downloading the talentSOURCE PDF.

Goodbye Job Boards

June 15th, 2015

The improvement of the economy is shifting the control back into the hands of talent, which means job boards are no longer the leading source of hire. Watch this video to find out what you can do to prepare for the death of job boards.

Download our Free White Paper – The Shifting Job Market: Preparing for the Death of Job Boards to learn how to create a sourcing strategy for identifying passive talent and why you shouldn’t start recruiting without one.

2015-TSWP-SIG-JobBoard

CBI Way: Getting Your Pipeline Started

May 20th, 2015

By Outside-In® Team Member Alex Patton

Having the ability to tap your own pipeline of talent when trying to fill open positions can be a game-changer. As discussed in the last CBI Way Blog, talent pipelining is about preparing for future openings, and easily identifying quality candidates quickly, reducing critical metrics such as time to fill. As you can probably predict, creating your pipeline starts with a familiar topic: engaging passive candidates.

CBIWayEngaging passive talent can be an incredibly effective way to encourage your pipeline’s success. First, identifying the profile and skillsets needed for future openings is going to help point you in the right direction for engaging those ideal candidates. For example, perhaps you want to build a pipeline of electrical engineers, knowing of a large project kicking off next year. You might be able to get a decent amount of names from LinkedIn, FaceBook, or old resumes on job boards. But more likely, the most effective source for building your pool of electrical engineers is going to be associations, niche groups, and seminars or events where candidates with the skillset you seek meet, interact, and engage one another. Gathering as much information possible about your pipelined candidates will take in-depth research and cross-referencing, but will pay dividends for the long term approach. Emails, telephone numbers, and social media profiles can all help bridge the gap to engagement.

Identifying the sources to generate passive candidates is an important step. But perhaps just as important is engaging that talent, and building relationships to foster interest and help drive referrals. In the next CBI Way blog, we’ll discuss some common strategies to produce success when attempting to engage your newly built talent pipeline.

Have you heard about our talent pipelining service, talentSOURCE? Learn about the sourcing service and benefits by downloading the talentSOURCE PDF.

Image courtesy of freedigitalphotos.net

CBI Way: The Talent Pipeline Situation

April 22nd, 2015

By Outside-In® Team Member Alex Patton

ID-100248873When planning the direction of your company, one of the most important aspects must be the talent supporting the business. Proactively thinking about the talent that will help drive your business can be a difference-making strategy to be a step ahead of the competition. In turn, building long-term relationships with quality candidates for future hiring, or talent pipelining, can be a critical investment as the job market continues to improve, with another 126,000 new jobs added in March, according to the Bureau of Labor Statistics.

Previously, we’ve talked about the challenge with the growing number of passive candidates – 75% of all candidates, according to LinkedIn’s 2015 Global Recruitment Trends survey, which increases the difficulty of quickly identifying and hiring top talent. Constructing a strong pipeline of candidates in specific industries is a great way to be ahead of the game while also increasing the potential for quality referrals, by spreading the word of hiring inside your business. Instead of reacting to a new requisition by sourcing, screening, and interviewing; having a pipeline of talent knocks out at least the first step of the process, also reducing the time-to-fill.

Additionally, maintaining the passive pipeline by keeping the talent engaged and aware of company openings and happenings can help build your brand, keeping your business on the top of candidate’s minds if their situation should change. While it may be time consuming initially, building your pipelines will become a regular strategy to meet your talent acquisition needs and pay dividends as a long-term strategy.

Stay tuned for the next CBI Way Blog to learn ways to best build your talent pipeline in the new age of social recruiting.

Have you heard about our talent pipelining service, talentSOURCE? Learn about the sourcing service and benefits by downloading the talentSOURCE PDF.

Image courtesy of freedigitalphotos.net.

 

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