- Do you remember every great candidate your organization interviewed but didn’t hire?
- Do you have a pipeline of candidates ready to join your team next time a vacancy comes up?
- Are you encouraging people to express an interest in joining your team even if there isn’t a specific opportunity they're interested in right now?
If you can’t answer yes to all of these questions, building a talent pipeline is a great way to:
- Reduce recruitment costs
- Fill vacancies faster
- Take the pressure off your hiring team
- Make better hires
A talent pipeline (sometimes known as a talent pool or candidate pool) is a database of candidates interested in working for your organisation.
They may have expressed their interest in working for you, or you may have considered them for a job in the past.
Even if they weren’t 100% suitable for the role at the time, you may have decided they are a great cultural fit and could be suitable for a different role in the future.
These people are your potential future hires.
When a suitable role comes up, select relevant candidates from your talent pool and invite them to apply.
This will save you time, but also money that you would otherwise have spent on recruitment agency fees and advertising costs.