- The return of talent scarcity is challenging firms that need top talent for critical positions. In Manpower’s 2013 Talent Shortage Survey, 35% of respondents reported having difficulty filling positions due to available experienced talent, the highest number since 2007.
- Talent scarcity is having an impact on business. In the same survey, more than 1 in 2 respondents who experienced difficulty filling jobs due to talent scarcity said it was having an impact on their ability to compete and meet client need.
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Our Advice
Critical Insight
- The shift to strategic sourcing is a forced change. Firms who fail to adapt to the fundamental shift in recruiting risk being unable to meet a surging demand for talent.
- Executives understand the importance of strategic sourcing. Respondents in McLean & Company’s HR Trends and Priorities for 2014 survey identify sourcing challenges as an important priority. HR leaders are being tasked to revise their talent acquisition strategy and advise executives of how they are dealing with changes.
Impact and Result
- Strategic sourcing is the solution to talent scarcity. The emergence of social recruiting is creating opportunities for firms to meet the challenges of talent scarcity. Sourcing is no longer the sole purview of recruiting agencies. It is easier than ever to reach currently employed, high-quality talent open to considering a career move.
- Make the right investments to build a strategic sourcing function. Strategic sourcing can help firms fill critical positions and ensure they remain competitive but only if they make the right investments. Talent acquisition teams need the people, processes, and technologies in place to attract top talent.
Workshop: Strategically Source Candidates for the New World
Workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.
Module 1: Make the case for strategic sourcing
The Purpose
- Finding top talent for critical positions is more challenging, which is having an impact on business. Firms have the opportunity to reach for strategic sourcing as a solution, but only if they make the right investment.
Key Benefits Achieved
- Build a case for project support.
Activities
Outputs
1.1
Understand the benefits of strategic sourcing
- Make the case for building a talent pipeline
Module 2: Assess the current state of your strategic sourcing function
The Purpose
- Building a robust sourcing channel requires significant changes in the people, processes, and technologies involved in talent acquisition at your organization. Benchmark against the goals of the program to track the tangible business value of the project, and focus your investment where it will have the most impact.
Key Benefits Achieved
- Strategic Sourcing Diagnostic Tool
Activities
Outputs
2.1
Program goals from module 1
- Set a point of reference to measure the value of strategic sourcing
2.2
Success metrics
- Assess the gap between the effectiveness and impact of strategic sourcing components
Module 3: Design a strategic sourcing process to reach out to passive candidates
The Purpose
- Don’t expect your talent acquisition team to do both strategic and tactical sourcing. The path of least resistance leads to posting jobs to boards and hoping for the right candidates to find you. Structure your organization to make strategic sourcing possible and attract the best.
Key Benefits Achieved
- Talent Profile Template
Activities
Outputs
3.1
Goals and metrics from module 2
- Build an organization that enables a robust talent pipeline
Module 4: Take advantage of strategic sourcing tools
The Purpose
- Talent acquisition specialists sourcing strategically are only as good as their tools and technologies. Use recruiting technology effectively to attract the best candidates.
Key Benefits Achieved
- Tools and technology best practices
Activities
Outputs
4.1
Exercise: Boolean search
4.2
Exercise: Advanced Google search
- Train a talent acquisition team with the technical skills to source strategically
Module 5: Get the right people involved to implement your plan
The Purpose
- Recruiters sourcing strategically need a different set of technical and recruiting skills than those sourcing tactically.
Key Benefits Achieved
- Train a talent acquisition team to reach out persuasively.
Activities
Outputs
5.1
Training exercises to hone the sourcing skills of your talent acquisition team
- Outputs from modules 2 and 3