Today’s labor market demands the need for better and faster hiring methods, and that is where direct sourcing comes in. Direct sourcing optimizes the new talent acquisition process by recruiting directly instead of using a third party recruiting service. Companies use it to identify candidates and talent for a position using their own internal resources. It involves direct communication with candidates interested in the company’s brand to build relationships over time.
Direct sourcing offers solutions to challenges companies face today, such as the sparsity of talent and the rising costs of hiring. About 60% of large companies are using or are planning to use a direct sourcing program to help them with their talent challenges. In fact, talent shortages is one of the greatest challenges with accrued revenue amounting to $8.5 trillion if the issue is not addressed within the next six years.
Direct sourcing offers other benefits as well, offering top quality talent, quicker hiring cycles, and better employer brand image while also creating a “humanized” candidate experience and diverse candidate pool. Retaining top-quality candidates through direct sourcing efforts can even maximize a company’s return on investment by measuring the conversions of temporary to permanent employees. Direct sourcing is a beneficial tool for companies that are looking for the best talent that meets their needs in a quick and cost-efficient manner.
Source: Atrium Global