The future of work is set to heavily rely on direct sourcing as a means of talent acquisition. In fact, 60% of large companies today are already using or plan to use a direct sourcing program. Direct sourcing is the practice of hiring and recruiting from a preexisting pool of known talent in the industry. This process prioritizes talent curation from referrals, interns, and other internal sources known to the company.
Effective direct sourcing relies on the cultivation of talent pools of candidates who already have the skills they need to succeed. These candidates are also more likely to be engaged and be ready to deploy when needed. This type of recruitment can happen through newsletters, events, social platforms, or even industry specific forums, ensuring that the right audience is receiving the message.
The power of direct sourcing is abundant, acting as a dynamic solution to many of the current problems that plague the hiring industry. There is currently a worldwide talent shortage and a need for cost effective recruitment with increased new-hire pay. Studies have shown that direct sourcing has allowed a shocking 98% of businesses to save money, proving that these programs are here to stay. With direct sourcing in action, the future of work and hiring practices is brighter than ever.
Source: Atrium Global