Today, direct sourcing is one of the most effective talent acquisition strategies companies use today as it helps create a talent community of engaged, capable candidates. This strategy allows companies to easily find and communicate with the talent that best meet their needs and have a strong interest in the company’s employment brand.
Direct sourcing is being used by more companies as it helps solve serious challenges that businesses are encountering today. These include labor shortages and increasing new hire expenses. By using a direct sourcing program, companies can derive cost savings (up to 15%), gain higher quality candidates, achieve faster hiring cycles, and improve the variety of candidates in the talent pool. Candidates also have a better experience during the hiring process while being able to build a relationship with the company.
One very important benefit of direct sourcing is maximizing return on investment (ROI), which can be measured by the levels of employee conversions from temporary to permanent. Being able to bring in and retain top talent helps with increasing these employee conversions, resulting in a higher ROI. The continuous rise of the contingent workforce is encouraging companies to adopt the direct sourcing acquisition strategy to remain competitive while leveraging a growing population with a lot of potential.
Source: Atrium Global