Sourcing new talent

Your ultimate handbook for sourcing new talent in 2023

Published on January 4th, 2023

“I’m not the smartest fellow in the world, but I can sure pick smart colleagues.” — Franklin D. Roosevelt

And that’s the motto of most hirers of future-oriented companies, (although it's not explicitly talked about) and not to mention, and talent sourcing is still one of the most challenging aspects faced in the hiring world. 76% percent of hiring managers admit attracting the right job candidates is their greatest challenge. (talentnow) the only way to stay on top of your hiring game is by updating your methos of sourcing new talent.

“If you hire people just because they can do a job, they’ll work for your money. But if you hire people who believe what you believe, they’ll work for you with blood, sweat, and tears.” — Simon Sinek

Why is it important to update talent sourcing methods?

It is important to update talent sourcing methods in 2023 because the job market and hiring landscape are constantly evolving. In order to stay competitive and find the best candidates for your company, it is important to regularly review and update your talent sourcing methods.

Some specific reasons to update your talent sourcing methods in 2023 might include:

Changes in the job market: The job market can change rapidly, with new industries and job roles emerging and others declining. By regularly updating your talent sourcing methods, you can stay up-to-date on these changes and find candidates with the skills and experience that are in demand.

Advances in technology: Technology is constantly advancing, and this can impact the way that companies source and hire talent. For example, the widespread adoption of video conferencing platforms has made it easier for companies to conduct interviews remotely, and the use of recruitment software can streamline the hiring process. By staying up-to-date on these technological developments, you can improve your talent-sourcing efforts.

Increased competition for top talent: In a competitive job market, it is important to have a strong talent-sourcing strategy in order to attract top candidates. By regularly reviewing and updating your talent sourcing methods, you can ensure that you are competing effectively for the best candidates.

Changes in company needs: As your company grows and evolves, your talent needs may change as well. By regularly reviewing and updating your talent sourcing methods, you can ensure that you are finding candidates who are a good fit for your current needs and goals.

Overall, it is important to update your talent sourcing methods in 2023 to stay competitive and find the best candidates for your company.

Your new bag of tricks for sourcing new talent

Well, As businesses look to grow and expand in 2023, sourcing new talent will be crucial for success. However, finding the right candidates for your company can be a challenging task. Here are a few things to consider while sourcing new talent in 2023:

Define your needs: Before you start sourcing new talent, it is important to clearly define the skills and experience you are looking for in a candidate. This will help you narrow down your search and ensure that you find the right fit for your company.

Utilize online job boards: Online job boards such as LinkedIn, Glassdoor, and Indeed are great resources for finding new talent. These platforms allow you to search for candidates based on their skills, experience, and location, making it easier to find the right fit for your company.

Leverage your network: Your network, including current employees, industry connections, and professional associations, can be a valuable resource for finding new talent. Don't be afraid to reach out to these individuals and ask for recommendations or introductions to potential candidates.

Consider diversity: A diverse workforce can bring a range of perspectives and experiences to your company, which can lead to better problem-solving and decision-making. As you source new talent, make sure to consider diversity in your hiring process.

Look for potential: While experience and skills are important, don't overlook candidates who may not have all the required experience but show potential for growth. These individuals may be willing to learn and adapt and can bring fresh ideas and approaches to your company.

Use social media: Social media platforms such as Twitter, Instagram, and Facebook can be great places to find new talent. Many professionals use these platforms to showcase their skills and experience, making it easy for you to find candidates that meet your needs.

Utilize employee referral programs: Employee referral programs can be a great way to find new talent. Encourage your current employees to refer their friends and colleagues for open positions, as they may have valuable insight into the candidate's skills and fit for the company.

Consider remote work: In the wake of the COVID-19 pandemic, many companies have turned to remote work as a way to stay operational. As you source new talent, consider the possibility of hiring remote employees. This can open up a wider pool of candidates and may allow you to find the best fit for your company, regardless of location.

Utilize recruiters: Recruiters can be a valuable resource for finding new talent. They have extensive networks and knowledge of the job market and can help you find the right candidates for your company.

Offer competitive compensation: In order to attract top talent, it is important to offer competitive compensation packages. This includes salary, benefits, and any additional perks or incentives. Consider the market rate for the position and make sure your compensation package is in line with industry standards.

Look for candidates with transferable skills: While it's important to find candidates with experience in the specific role you are hiring for, don't overlook individuals with transferable skills that can be applied to the position. These individuals may be able to quickly adapt to new tasks and responsibilities and bring a fresh perspective to the role.

Utilize job fairs: Job fairs can be a great way to meet potential candidates in person and get a sense of their personality and fit for your company. Consider attending job fairs in your industry or hosting your own to find new talent.

Invest in employee development: Attracting top talent is not just about offering competitive compensation, it's also about investing in your employees' development and growth. Consider offering professional development opportunities and training programs to show candidates that you value their growth and advancement within the company.

Consider alternative hiring methods: In addition to traditional job postings, consider alternative hiring methods such as internships, apprenticeships, and temporary staffing. These methods can provide an opportunity for candidates to gain experience and show their value to the company before being offered a full-time position.

Use employee engagement surveys: Employee engagement surveys can provide valuable insight into what your current employee's value in their work environment and what they feel is lacking. Use this information to tailor your recruitment efforts and appeal to potential candidates.

Consider cultural fit: In addition to skills and experience, it's important to find candidates who fit the culture of your company. Look for individuals who align with your company's values and mission, as they will be more likely to thrive in your work environment.

Use targeted advertising: Utilize targeted advertising to reach potential candidates who may be interested in working for your company. This can include targeted social media ads or sponsored job postings on job boards.

Utilize employee advocacy: Encourage your current employees to share job openings and information about your company on their social media channels. This can help to attract potential candidates and give them a sense of what it's like to work at your company.

Offer flexible work arrangements: Many professionals value the ability to have flexible work arrangements, such as the ability to work remotely or have a flexible schedule. Consider offering these options to attract top talent.

Utilize video interviews: With the widespread use of video conferencing platforms, video interviews have become a popular option for employers. Consider using video interviews to get to know candidates and assess their fit for the role and your company.

Utilize employee retention programs: High employee turnover can be costly and disruptive to your business. Consider implementing employee retention programs, such as professional development opportunities and employee recognition programs, to help retain top talent and reduce the need for constant sourcing.

Look for candidates with a growth mindset: A growth mindset is a belief that one's abilities and intelligence can be developed through effort and learning. Look for candidates who have a growth mindset and are open to learning and development, as they will be more likely to adapt and thrive in your company.

Utilize recruitment software: Recruitment software can help streamline the hiring process and make it easier to find and assess candidates. Look for software that allows you to post job openings, track resumes and applications, and schedule interviews.

Consider hiring freelancers or contractors: Hiring freelancers or contractors can be a great way to bring in specialized skills on a project-by-project basis. This can be a cost-effective way to find new talent without committing to a full-time hire.

Utilize employee onboarding programs: An effective employee onboarding program can help new hires feel welcome and integrated into the company. Consider implementing a comprehensive onboarding program to help new hires get up to speed and feel supported in their role.

Offer opportunities for career advancement: Many professionals are looking for opportunities to advance their careers and take on new challenges. Consider offering advancement opportunities, such as promotions and leadership development programs, to attract and retain top talent.

Utilize alumni networks: If your company has a strong alumni network, consider reaching out to former employees who may be interested in returning to the company or recommending new talent.

Use employee satisfaction surveys: Employee satisfaction surveys can provide valuable insight into what your current employees like about working for your company and what could be improved. Use this information to tailor your recruitment efforts and appeal to potential candidates.

Consider using a staffing agency: Staffing agencies can be a valuable resource for finding new talent, particularly for hard-to-fill positions or for temporary staffing needs.

Utilize employee training programs: Employee training programs can help new hires get up to speed and provide ongoing learning opportunities for current employees. Consider implementing training programs to help attract and retain top talent.

While some of these points might seem to have gone through a rinse-and-repeat process, it's merely to emphasize the importance of updating the same process to stay ahead of hirers who keep their fishing lines with the best bait for the perfect catch. And not to mention, while sourcing talent is just one part of the process, selecting the best from the lot is another task in itself. And that’s where HireQuotient comes into the picture to help you pick from the top of the hiring funnel. How do they do it? Their premium set of skill and video assessments are constantly updated to suit the appeal of candidates across the world. Get on a fifteen-minute call and understand how you can st up your perfect hiring process with no mess or fuss.


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