If you are reading this, there is a good chance that you need help finding the best talent for your business. None better than us understands the dire need to find that perfect-fit candidate from the talent market. We know that vicious cycle of lining up several candidates that weren’t up to the mark. The time and budget go on a roller coaster ride. Yet there you are, awaiting a good candidate.
Here’s when you think of the option to outsource your Talent Sourcing, which is the most decisive phase of the recruitment process.
But is it that easy to outsource any business process? With so many stakeholders involved in the process, you need to weigh every factor rightly. How do you decide whether you need to outsource your Talent Sourcing?
Of course, outsourcing your Talent Sourcing comes in handy as there are many benefits to it - time-saving, improving talent quality, and cost-saving being the primary. But why you should outsource your Talent Sourcing still remains the question! So, here we are with five significant reasons to outsource your talent hunt process.
Keep reading to learn more about it!
Five reasons you should outsource your Talent Sourcing right away!
1. Scaling up rapidly
You have decided to grow your company rapidly. Congratulations! This is an exciting time for your business. However, it is important to plan and anticipate the needs that will arise as you scale up. One of the most important things to consider when scaling up rapidly is how you will fill vacancies in a timely manner. You don’t want to be left without the staff you need to continue growing.
2. Need candidates from a Niche
The reason for this can be many, but often it is because the field or industry you are looking for candidates in is limited. For example, if you are looking for a web developer with experience in Ruby on Rails, the number of potential candidates is going to be much lower than if you were looking for a developer with experience in Java. So, what can you do to find the perfect candidate in a shorter time? Luckily, there are a few strategies you can use to help you scale up rapidly and find the best candidates for your business. But these strategies are best worked out by experts!
3. Taking too long to hire
It’s no secret that finding top talent in today’s market is a challenge. But what if you need to find candidates from a particular field in a very limited time? This can be especially difficult if the pool of potential candidates is small. You might be finding your recruitment process getting long and tiresome as you have not found the required candidate. In such a scenario, it is best to leave the talent hunt to a Talent Sourcer.
4. Employee turnover is high
You are hiring at a fast pace, and candidates are leaving the organization at the same rate, you need to rethink your Sourcing strategy.
A recent study found that the average worker stays with their company for only 4.6 years. That’s a lot of change, and it can be difficult to keep up with all the new employees. Not to mention, constantly training new employees can be very costly for your business. So, what can you do to reduce employee turnover and create a more stable workforce?
Better to search and hire candidates whose career goals match your organization’s vision. Again, you need a specialist to help you out.
5. You are spending too much on Sourcing
It can be tempting to try and save money on the recruitment process by doing as much of the work as possible in-house. However, this is often not the best strategy. In fact, you may be spending more than you need to if you are handling all or most of the sourcing yourself. Outsourcing Sourcing can help you find better candidates faster and more efficiently.