Sourcing Strategy in Recruitment – What is it?
A recruitment sourcing strategy is a plan that outlines the steps that will be taken to find the best candidates for the open position.
Identify the right candidates
- This can be done by researching the company’s industry, sector, or market, as well as the specific position that needs to be filled.
- Next, the company must identify the skills and experience that are required for the position. This can be done through job posting research or by speaking to current employees.
- Once the skills and experience have been identified, the company can start to identify candidates who have those skills and experience.
Screen candidates
This is where the company looks at the candidates’ qualifications and looks for any red flags or disqualifiers. In some cases, the company may only need to look at one or two candidates. In other cases, the company may need to interview more than a dozen candidates.
Selection process
This is where the company selects the best candidate for the open position. This can be a difficult process, and the company may need to compare candidate profiles to find the best fit.
Ten Steps of Sourcing Strategies
When it comes to sourcing candidates, there are a few key steps you can take to improve your chances of success.
1. Identify your hiring goals.
What exactly will you achieve from this recruitment process? Do you want to fill a specific position quickly, or do you want to identify the best candidates for the role? Once you know your goals, you can start to hone in on specific sources of candidates.
2. Evaluate your current sourcing methods.
Do you use online sources, desk research, or personal contacts? Are you aware of the benefits and drawbacks of each method? Once you have evaluated your options, you can start to develop a sourcing strategy that will work best for you.
3. Assess your current hiring process.
Do you have a written job posting or a targeted recruitment process? Do you have a set timeline for how long it will take to fill the position? Once you have assessed your current process, you can start to identify potential improvements. This is one of the best sourcing strategies for recruiters, as it helps them fine-tune their process of recruitment to reach prospective candidates faster.
4. Identify your target market.
Who are your potential candidates? Once you have identified your target market, you can start to develop targeted sourcing strategies.
5. Research the best online job postings.
Are the job postings specific to your target market? Are the requirements detailed enough? Once you have evaluated the online job postings, you can start to develop a targeted sourcing strategy.
6. Check out job boards and career websites.
Are the job postings relevant to your industry? Are the postings well written? Are the job postings targeted to your target market? Once you have evaluated job boards and career websites, you can start to develop a targeted sourcing strategy.
7. Hire a professional recruiter.
Hiring a professional recruiter can help you identify better candidates and cover more ground in your search. This is one of the most effective sourcing strategies in recruitment, as this professional recruiter will have access to a wide range of resources and can help you develop a targeted sourcing strategy.
8. Reach out to colleges and universities.
Are the schools in your target market? Are the schools hiring? Check out examples of recruiting sourcing strategies that they use. Once you have evaluated colleges and universities, you can start to develop targeted sourcing strategies.
9. Get in touch with your network.
Are there any colleagues, friends, or family members who might be able to help you out? Once you have evaluated your network, you can start to develop targeted sourcing strategies.
10. Try out different sourcing methods.
Try out different online sources and personal contacts. This gives you the chance to evaluate different sources. Once you have completed the evaluation, you can start to develop a tailored sourcing strategy that will work best for you.
How to Implement a Sourcing Strategy in the Recruitment Process
There are a few different ways to source candidates for your team. You can use online resources, career centers, or local job boards. You can also reach out to candidates who have been recommended to you by other professionals or friends.
When you are sourcing candidates, it is important to remember that you are looking for the best possible fit for your company. You should not just rely on resume databases or job boards to find candidates. You should also look for candidates who have the right skills and who will be a good fit for your company culture.
Five Effective Sourcing Strategies for your Business
Sourcing for your business can be a daunting task, but it doesn't have to be. With a few effective strategies, you can easily find the employees you need to run your business efficiently and effectively.
1. Use online resources.
There are plenty of online resources available to help you find the employees you need for your business. You can search for agencies and job portals online, or use forums that list candidates by the job category.
2. Ask your business partners.
Your business partners may be able to provide you with the best candidates you need. Ask them if they know of any agencies or recruitment companies that can meet your needs.
3. Check out trade shows and events.
Trade shows and events are a great way to find new candidates. You can also attend industry conferences to learn about new job profiles that may be useful for your business.
4. Talk to your local business association.
Your local business association may be able to provide you with information about candidates in your area that are registered with them.
5. Use social media.
You can use social media to reach out to potential candidates with information they have already posted on their profiles. For example, if a candidate is actively looking for a job, the candidate’s profile will indicate this intent. You can then ask them if they would be interested in working with your business.
So, what is sourcing strategy in recruitment? Having a sourcing strategy in the recruitment process is important in order to find the best candidates for a job and to use the right tools in order to find them.
