Executive search and recruiting is all about capitalizing on opportunities as they arise – candidates, leads, sales, contracts, and business development. When it comes to executive search, recruiting, and talent acquisition, focusing your company efforts on two aspects can limit cost and maximize efficiency: recruitment research and candidate sourcing.
Missing out on a great opportunity is tough, and opportunity cost is a key performance indicator that your organization should always be looking to decrease.
Search consultants and recruiters cannot afford to be passive in today’s job market because of the amount of competition. The competition is fierce and the market is filled with firms that are doing low-quality work.
Due to the level of competition, top talent acquisition teams must aggressively reach out and engage candidates to even stand a chance against other top recruiters.
Being efficient in your recruitment research processes is not only key, but necessary. The key is to work smarter, not harder.
Why Your Company Needs Recruitment Research & Candidate Sourcing?
Let’s say you are working through a batch of recruitment research and sourcing 200 candidates for a job opening. Your days consist of reaching out and hopefully engaging the right individual. Out of 200 candidates, you narrow it down to 100. Great job!
Now, let’s dig a little deeper: Would you rather choose from 100 candidates with varying degrees of quality, or choose from 50 candidates that are right on the money in terms of what the company needs? How do you get down to 50? You enhance your recruitment research by combining intelligence with a great sourcing strategy.
The less time you spend looking for someone to call, the more time you’ll spend talking on the phone with the right people.
How Recruitment Research Can Give Your Company A Competitive Advantage?
So, how do these strategies come about? Where do you start? What is the best option for your business?
Think about options outside of today’s traditional recruitment research tactics. LinkedIn, CareerBuilder, and Monster are all great sites to use. However, you need to branch out. See what’s out there that closely ties in with the company you are recruiting for.
Above all, recruitment research and candidate sourcing can be the difference between execution and failure.
Thus, with strategic recruitment research, your organization can streamline the sourcing and identification process, boost performance, and drive revenue growth.