Direct sourcing is a talent acquisition strategy that helps companies actively find the talents that are the most interested and aware of the employment brand of the company and get in contact with them due to them being a curated talent pool receiving very relevant communications. Experts are seeing direct sourcing as a talent sustainability engine, but how does the evolution of the modern workforce provide further momentum to this trend?
Direct sourcing can be a very helpful tool for companies looking to counteract the effects of talent shortages and rising recruitment expenses that could result in $8.5 trillion in unrealized revenue if not addressed by 2030. More than 50% of large companies are already or are planning to use a direct sourcing program with almost all of the companies using this program realizing cost savings stemming from their direct sourcing efforts, showing that direct sourcing strategies are working. Direct sourcing can also help with increases in employment expenses, which has become 9% higher compared to previous years.
The benefits of direct sourcing reach even further, helping to make the hiring process shorter while also “humanizing” the candidate experience. Direct companies can improve companies’ employer brand, gain greater diversity of candidates, and connect better with talent. Companies are able to maximize their ROI (return on investment) through direct sourcing as a result of retaining the best candidates for their needs and increasing temporary to permanent employee conversions.
As a company, staying competitive in the modern workforce can be challenging. However, direct sourcing can help companies find talent quickly and cost-effectively by focusing on creating a curated talent pool of individuals engaged with and invested in the company.
Source: Atrium Global
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