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Candidate Sourcing

Unlock Your Talent Search Potential - Source Candidates with Proven Strategies

Published on February 1st, 2023

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Candidate sourcing is the process of proactively searching for and creating relationships with them. It involves the use of various recruitment methods to identify, engage, and cultivate talent for current and future opportunities. The goal is to build a large pool of qualified job candidates that can be matched to specific job openings. We will help you with that.

Sourcing qualified candidates are essential for any employer. It's a great way to quickly find the right people for the job and to discover candidates who may bring a unique perspective. Plus, it can help you find candidates from underrepresented groups, making sure your workforce is diverse and inclusive.

Do you know the key to successful candidate sourcing? It's all about figuring out the right sources of candidates that fit the skills and experience needed for the job. You have to do some research on the industry, use job boards and other online tools to find potential candidates, and network to create connections and build a pool of potential sources.

A short history: Then and now!

Ever heard about how employers have been finding potential candidates since the late 19th century? Initially, it was all about using employment agencies, but then in the 1950s, employers started using newspaper ads and radio spots to target specific skill sets.

Then, when the internet became popular in the 1970s, job boards and social media platforms, like Monster and LinkedIn, allowed employers to find the best candidates more easily. Nowadays, employers are using even more advanced techniques like AI, big data, and machine learning to find the perfect candidates for their positions. Also, they're using predictive analytics to target the most suitable ones.

Uncovering the Top Candidate Sourcing best practices for you

1. Networking

Networking is a great way to connect with people! You can connect with other professionals in the same industry, join professional networking groups, attend career fairs, and use job search sites to reach out to potential candidates. Not only will it help you find the right people for your open positions, but it also increases your company's visibility and makes it easier to attract the right candidates.

2. Job Boards

Job boards provide the perfect platform for employers where they can post job openings, and job seekers can easily search and apply. Job seekers can search for jobs by keyword, location, job type, and other criteria, making it easy to find the job that's right for them. So, what are you waiting for? Post the job requirement today and find the candidate!

3. Employee Referrals

Employee referrals are a great way for employers to source new talent without having to use traditional job postings or external recruiters. Plus, the referrals can lead to higher quality and better-fitting candidates. It’s also a great way to save time and money, and even incentivize employees to refer great candidates – which can help create a positive company culture and get employees involved in the hiring process. About 39.9% are made through employee referral programs according to these statistics here.

4. Professional Organizations

It's great to join professional organizations to source candidates! You can network, attend job fairs, learn about new trends, find job boards and career resources, and even find qualified candidates who may not be actively looking for a job. All in all, it's a great way to get a leg up on finding top talent.

5. Social Media

Social media is an amazing tool for recruiters these days! It gives you access to a huge pool of potential candidates, and you can use it to post job openings, build your employer brand, connect with candidates, and even source passive candidates. Plus, you can get great information about the candidate's interests, skills, and experiences to see if they're a good fit for the job. In short, social media is a must-have for recruiters in the candidate sourcing process.

6. College/University Recruiting

You may also look into colleges/Universities for recruiting! Recruiters use a variety of methods to reach out to potential applicants, from attending job fairs to posting job listings on college job boards. They may even use social media platforms to connect with recent graduates. College recruiting can be a great way to find the perfect entry-level job and get your career off the ground. So why not give it a shot?

7. Advertising

Advertising can be a great way to hire a potential candidate! You can place ads in a variety of different outlets, from online job boards to print media, radio and TV, and even social media. You can use the ad to outline the job and the skills and qualifications you're looking for, and direct interested candidates to apply for the job. It's an efficient way to find a large number of applicants that meet the requirements of the position.

8. Job Fairs

Any idea what a job fair is? It's a great way to find out more about different career opportunities, as well as quickly assess your skills and qualifications. Plus, you get the chance to network with employers and get a better understanding of the job market. Not to mention, employers can source a large number of candidates in a short period of time. What do you think?

9. Agency Recruiting

Have you ever considered using an agency recruiter to help you source, screen, and select qualified candidates for job openings? Agency recruiters can act as an extension of your recruitment team, leveraging their expertise and industry contacts to find the best candidates. Additionally, they can provide additional services such as background checks, skills testing, and pre-employment assessments. With the help of an agency recruiter, you can quickly and cost-effectively source qualified candidates for your job openings.

10. Search Firms

Looking for an executive search firm to help you source the perfect candidate for a specialized role? Look no further! We specialize in identifying, assessing, and recommending top-notch candidates for specialized roles within your organization. Our proprietary databases, search algorithms, and vast network of contacts allow us to quickly source the right candidate with the right skills, experience, and cultural fit. Let us help you save time and resources – contact us today for all your executive search needs!

Doing it the right way

Candidate sourcing best practice is essential for any recruitment process to make sure you get the best of the best. From job boards to social media to referrals, there are plenty of ways to find the right candidates. Just make sure to use the right combination of sources to get the results you're after!

  • Have a clear job description: Make sure your job description is clear and comprehensive to make sure it outlines all the requirements, duties, and qualifications for the job.

  • Use multiple sources: Don't just rely on one source for finding potential candidates. Try using job boards, social media, industry events, and referrals to cast a wider net and get the best talent.

  • Utilize technology: If you want to make it easier to source candidates, then why not consider using technology? You could use applicant tracking systems, social media, and other recruitment software to source and track potential candidates for your organization.

  • Highlight company culture: When looking for potential candidates, make sure you emphasize the company culture. It's important that they have a personal connection to the company and its values so they're more likely to apply. The actual process that the candidate goes through should be timely, transparent, empathetic, and personalized. It isn’t that hard says a survey by SHRM

  • Follow-up: Be sure to keep in touch with the candidates you source and give them timely updates. That way, you can build relationships with potential candidates and keep them engaged.

Once you spot some potential candidates, you can use different methods to get in touch with them - like emails, cold calls, and even social media. Then, once they've responded, you can check out their skills and experience to see if they're a good fit for the job.

An inspirational quote for recruiters: “The secret of my success is that we have gone to exceptional lengths to hire the best people in the world.” – Steve Jobs

Watch out for the possible shortcomings

We should also keep in mind, the possible shortcomings of the candidate sourcing techniques:
1. Costly: The most obvious disadvantage of using candidate sourcing techniques is the cost associated with them. Many of the methods require the hiring organization to pay for subscriptions, job postings, or other services.

2. Time-Consuming: The process of searching for, identifying, and evaluating potential job candidates can be time-consuming. It can take time to post job openings, review resumes and applications, and contact references for potential hires.

3. Difficulty in Evaluating Candidates: It can be difficult to evaluate potential candidates from resumes and applications alone. It is hard to determine the true strengths and weaknesses of a job seeker without meeting them in person.

4. May Not Reach the Right Candidates: Even if the job opening is posted in multiple places, it may not reach the right candidates. The job may not be seen by qualified individuals or those who are interested in the position.

5. Could Lead to Discrimination: The process of candidate sourcing could lead to discrimination, either intentional or unintentional. The criteria used to evaluate potential candidates could be biased and negatively impact certain individuals.

6. Lack of diversity: Some candidate sourcing techniques can inadvertently lead to a lack of diversity in terms of gender, race, or other characteristics.

Scaling to obtain the best results

Companies may find it beneficial to scale up or down their candidate sourcing techniques depending on the type of position and the number of applicants they need to fill the role.

Imagine a situation where you are looking for a specialized role like an engineer, or a more general position like an administrative assistant. Depending on which it is, you might find it more efficient to use a more targeted sourcing technique for a specialized role, like a professional recruiter or specialized job board. But if you're looking to fill many positions for a more general role, it could be more effective to scale up your candidate sourcing techniques by using a wider range of recruitment channels, like job boards, job fairs, and social media.

In addition, companies may find it beneficial to scale their candidate sourcing techniques up or down depending on their budget and the urgency of the position.

Future of “Candidate Sourcing Best Practices”

It looks like we can expect to see automated job postings, candidate screening, and AI-driven candidate matching becoming more and more common in the future when it comes to sourcing candidates. Also, employers may be relying more on social media platforms, referrals, and data-driven analytics to find the right person for the job. Virtual reality and augmented reality could be used to give candidates virtual job tours and interactive experiences.

Conclusion

Candidate sourcing can be pretty useful when it comes to recruitment, allowing you to find qualified individuals who may not be actively searching for a job. Plus, they can save you time when it comes to searching and screening candidates.

But, of course, you want to make sure you're using the right techniques and staying within any applicable laws or regulations. Employee referrals can be a great resource, but they can also limit diversity in the applicant pool. Social media can be a good way to reach a large and diverse audience, but it can be hard to manage. Advertising can increase the visibility of job postings but can be costly to maintain. Job fairs can help you build relationships with potential candidates, but they take a lot of time and money.

When it comes to candidate sourcing, the best approach really depends on the employer's needs. A comprehensive strategy that incorporates different techniques can help the employer maximize their recruitment efforts. Get on a call with our experts @ HireQuotient if you are looking for ways to recruit, attract, and hire qualified candidates for your open positions.

We can help you find the best candidates through a variety of candidate-sourcing best practices. This will ensure that you find the most suitable candidate for the job and help your organization succeed.


Authors

author

Radhika Sarraf

Radhika Sarraf is a content specialist and a woman of many passions who currently works at HireQuotient, a leading recruitment SaaS company. She is a versatile writer with experience in creating compelling articles, blogs, social media posts, and marketing collaterals.

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