The benefits of Talent Pooling
Find and hire the best talent, with processes customised to each role.
- Nurture candidates in your talent pools, attract passive talent
- Powerful ATS talent search capability that can search two million CVs in a second
- Easily review candidates’ skills, experience and qualifications
- Customised pipeline processes make it easy to pre-screen, shortlist, interview and make offers
What is a talent pool?
A talent pool is a database of individuals created by a recruiter during the application process. This database is usually made within an Applicant Tracking System. When a candidate applies for a job, the recruiter is able to put them into a specific and relevant talent pool by tagging candidate profiles. This could be based on experience, job title, skill sets or attributes for example. It is important to remember that the individuals that are in the talent pools, are already interested in working for your company.
What is the purpose of building talent pools?
For the recruiter, this is a beneficial tool to help locate talent in the database, quickly and effectively.
In turn this;
- Reduces recruitment costs
- Reduces agency costs
- Reduces time-to-hire
Having a database of candidates enables the recruiter to push out the brand and have a large resource to help fill vacancies quickly. For the candidate, this means that they are more likely to find a vacancy that fits their personality, skill, qualifications and attributes. A candidate is therefore more likely to remain an employee within the company for a longer period of time. This saves money on employee training, and further recruitment costs.
How to build talent pools quickly
If you have an Applicant Tracking System or recruitment system, you have the ability to parse CVs from a variety of channels i.e. external job boards, social media sites and the company website. By parsing a CV, a candidate profile is created. This then allows the recruiter to apply tags that are relevant to the candidate. An example tag and therefore talent pool name could be ‘Project Management’, ‘PRINCE2’ or ‘I.T Technician’. Talent pools can be built quickly by implementing a recruitment system. This will ensure that all applications are coming through into one easy to manage system.
Keeping candidates happy
Candidates can be sat in talent pools for a while; weeks, months or even years. It is important to keep candidates happy. Not all of these candidates will be actively looking for jobs, some might have already been placed into a role. However, should a future role offering career progression become available, this might be of interest to them. A company should send relevant data to the individuals; this should not be spam, sending messages for the sake of sending messages. Relevant data that is interesting to the candidate should be sent. It might not even be vacancies, it could be an article of interest or an update about the company
Having a recruitment system that features talent pooling is proactive for your company’s recruitment efforts. Strong relationships will be built due to improved candidate experience. It keeps active and passive candidates happy and allows for recruiters to locate top talent efficiently.
Want to know more about recruitment terminology? Check out our glossary of terms.