In this highly competitive recruitment industry, candidate sourcing can be one of the most effective techniques for hiring highly-skilled candidates. On an average, one in every 72 sourced candidates is hired compared to one in every 152 applicants. This shows that sourcing candidates can be twice as effective as incoming applications.
While only 36 percent of the workforce is actively looking for a new opportunity at any given time, almost 90 percent is willing to talk and learn more about the job. Most of the best candidates aren’t actively looking for a job making it for sourcers to get proactive, and go out and find them. However, this can be highly time consuming task taking away your employees valuable time. Offshoring your candidate sourcing activities can save 30% of your employee’s productive time.
Some of the main benefits associated with offshoring candidate sourcing activities are:
1. Stronger Quality of Hires
This is the main purpose and advantage of offshore candidate sourcing. The sourcing team invests their time, energy and resources into sourcing, screening and presenting the cream of the crop in terms of available talent. Advanced searches using technology and expertise, utilising the ATS and referral activation is often a unique feature of an offshore candidate sourcing.
2. Reduced Time to Hire
The average time to hire to fill an open position is 52 days, up from 48 days in 2011. Internal resource models scale to overcome the challenge of tight time to hire deadlines. Offshore RPO providers that have established time to hire models can dramatically reduce time to hire.
3. Talent Pooling
The sourcing experts will present the client with the best people for the job. All strong candidates are pooled and actively engaged with, creating a community for future hiring.
4. Reduced Cost
Every day that a position remains unfilled costs a company. Filling vacancies fast is better for productivity and reduces the amount of HR resources spent on sourcing candidates. Sourcers are ultimately measured on time to hire, cost of hire and quality of hire.
5. Scalability and Flexibility
Offshoring gives you the flexibility to up and down scale your operations as needed. At the end of the day the client pays for what they get; successfully filled vacancies, nothing more, nothing less. An offshore sourcing team is flexible and can accommodate every situation.
6. Analytics and Reporting
An efficient sourcing team keeps a track of every step of the process allowing for real-time reporting and detailed insights for prompt decision making. This also makes it a lot easier for future audits of sourcing activity.
With over 14 years of experience in delivering providing candidate sourcing services to leading recruitment agencies across the UK and Europe, our team of sourcers can help you win the war of talent. Get in touch with us for a free, no-obligation consultation to find out how our services can help your business.