#9 The 5 Key Players for Direct Sourcing Success

#9 The 5 Key Players for Direct Sourcing Success

Hey Talent Pool Divers,

If you've been riding this wave with me for a while, you know how passionately I feel about the changes in talent acquisition. 

But for those who've just joined the deep dive or need a quick refresher, let's sprinkle in some numbers to paint the picture:



Given these insights, it's evident that direct sourcing and talent pools are essential components of modern talent acquisition.

Now, a reality check: 

According to the Staffing Industry Analysts (SIA), only 16% of 158 surveyed contingent programs believe they've effectively implemented direct sourcing. Another 21% somewhat agree, and in two years, an additional 23% anticipate having direct sourcing in place.

The takeaway? While direct sourcing is gaining traction, many programs grapple with its effective implementation. The common hurdle? Not assembling the right team.

And with CWS - Dallas 2023 around the corner, let's dissect the dream team for a game-changing direct sourcing program:

The dream team

1. Talent Pool Technology Expert

The Backbone of Your Strategy

Why They're Essential: Your technology platform is the bedrock of your direct sourcing strategy. This isn't just about storing resumes(that’s old-school ATS stuff); it's about creating dynamic, interactive talent ecosystems and communities. Talent Pool Technology ensures that the platform is tailored to your needs, is scalable, and remains at the cutting edge of industry advancements.

Action Step: Research and demo leading talent pool technologies. Look for features that align with your company's unique needs and ensure your expert is well-versed in maximizing its potential. (PRO TIP: This one seems to be really good: https://bubty.com/solution/enterprise)


2. A Connecting EOR/AOR Specialist

The Bridge to Seamless Integration

Why They're Essential: The magic of direct sourcing isn't just in finding the right talent; it's in ensuring that once found, they're smoothly integrated into your system. EORs that connect seamlessly with Talent Pool technology are pivotal. They guarantee compliance, streamline onboarding, and simplify the payment process. The integration ensures a unified experience for both you and the worker, centralizing all data and information.

(And here's the kicker: with this setup, there's actually no need for a VMS. That's right, you just saved ±.5% of your spend :))

Action Step: Engage with EOR/AOR providers known for their seamless integration with talent pool platforms or ask the tech whom they integrate with. Ensure they can offer a holistic experience, eliminating the need for additional systems.


3. The Curator

Your Talent Maestro

Why They're Essential: The Curator plays a pivotal role in your direct sourcing strategy. Their skill in matching the right talent with the right role can significantly boost your fill rate. And here's a straightforward fact: a higher fill rate through direct sourcing means you spend less on external agencies. This isn't just about filling roles; it's about smart, cost-effective hiring. Companies like Atrium Works, Tundra, and AMS have tapped into this, offering services that make direct sourcing a cost-saving approach.

Action Step: Consider if you want an in-house curator or if partnering with specialized firms is the way to go. Either way, their goal is clear: understand the talent out there and make the best matches for your needs.

4. Implementation Specialist

The Architect of Your Strategy

Why They're Essential: A strategy is only as good as its execution. This individual ensures that the workflows, integrations, and systems play well together, crafting a seamless experience for both the company and the talent.

Action Step: If you don't have one already, scout for an expert who has experience in setting up direct sourcing workflows.

5. API Connection with VMS Expert

Ensuring Compatibility (if needed)

Why They're Essential: Many companies still rely on VMS systems. This ensures that your direct sourcing strategy is compatible with existing systems, bridging the old with the new.

Although it’s not always necessary to use a VMS for Direct Sourcing, it could be a way to get started without too much change management in your organization.

Action Step: Engage with your IT team to understand the feasibility and timeline for such an integration.

Conclusion:

Direct sourcing is more than just a strategy; it's a movement towards more sustainable, efficient, and effective hiring. But like any significant shift, it requires the right team. Assemble yours, and watch as your direct sourcing program transforms from a concept to a success story.

Remember, it's not about following the trend; it's about leading it.

Equip yourself with the right team, and let's redefine the future of talent acquisition together.

Dive in, and let's continue making waves. 🌊

Cheers,

Whenever you're ready, there are 2 ways I can help you:🚀

1. If you want learn more about how technology can help you lay the foundation for your direct sourcing, go here: https://bubty.com/

2. If you want to talk to me one-on-one, feel free to book a call here: https://calendly.com/bubty/dis...

See you next week for another deep dive into the world of talent pools!

if you want to dive deeper into any of these topics, you can always catch me here: https://www.linkedin.com/in/lee-willoughby-997899182/


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