Build high quality talent pipeline with Zyre AI powered hiring solution
Posted On: Aug 13, 2021
Saving time and reducing costs, a talent pipeline with AI brings many benefits to your recruiting team and the company as a whole. Every company has felt the need to make the last minute and urgent hiring, right? The recruitment process ends up being rushed, and you often consider that the candidates are not all in accordance with the profile that the company needs. Now, if you had a talent pipeline! You would likely have spent far fewer hours searching for potential candidates on LinkedIn, posting jobs on major social networks, and looking at résumés from scratch. In addition to the hours of work spent focusing on meeting the need for an urgent vacancy, it is necessary to remember that hiring in a hurry and done wrongly can generate higher costs for the company. That's why when HR starts to develop and feed a pipeline, it also optimizes the company's financial resources. However, the talent pipeline is not only used to help hire a professional in emergency positions. Some companies also use this pipeline to design job succession and organizational knowledge management.
After all, what is talent pipeline?
The pipeline is a talent bank formed by people who are able to fill a vacancy in your company. One of the ways to build it is active recruitment, in which there is a search for people, who fits to the characteristics of the company. This recruitment can be done through social networks, AI specialized software, forms on the company's website. Thus, relationship-building work is carried out with those candidates, so that they can be easily contacted, if any opportunity arises. addition, the pipeline can also be formed by professionals who participated in previous selection processes and had important skills for the organization, but who, for some reason - the position required a higher degree of seniority, the salary offered was not compatible with the expectation or, simply, there was a more suitable candidate—they weren't hired at that first moment. In any case, the talent pipeline forms a network of contacts of people qualified to work in the company. Thus, they can be searched for when opening a new position, resulting in time and money savings for the corporation, in addition to facilitating HR's workBenefits talent pipeline can bring to organizations
A talent pipeline with active and passive candidates helps you plan your organization's hires. With an ideal pool of talent at your company's disposal, the cost and time of hiring new employees can be considerably reduced. However, the biggest advantage of having a pipeline of talent in place is ensuring there are candidates ready when needed, including in emergencies. Imagine the following situation: an employee, who has been with the company for about three years and manages a team of several people, decides to resign. With a talent pipeline, it's a lot easier to find a replacement to match.Saves time and resources
While the productivity of the human resources team increases, the time spent on selective processes decreases proportionally. Filtering candidates with the characteristics that the position asks for becomes much faster and more practical than reading several resumes from scratch. You can also read How AI helps in recruiting candidates for their next JobAgility in the selection process and reduced time to fill
For the area that is hiring, this is the most significant benefit. Anyone who has ever been on a team that needs urgent hiring knows how much it suffers to see HR not finding the ideal talent, in the necessary time. However, with the talent pipeline, the selection process becomes faster, which does not harm the team that is short of work force.Decreases the chances of a wrong hire
With the hiring area urgently asking for a new employee, HR may feel pressured to make a less-than-certain choice. Thus, rushed hires usually bring employees out of the desired profile. In addition to increasing, hiring/firing costs create more complications in the next selection process.Decrease in costs
In addition to lowering costs for wrong hires, having a pipeline lowers costs with recruiters and paid ads. As there is already a tool fed with diverse talents, there is no need to hire people to search for new candidates, nor to sponsor on social media or job advertisement sites. With so many benefits for the team you hire, for the human resources team, and the company, there is no reason not to develop a talent pipeline. On a daily basis, the presence of this tool will help in different ways, and bring much more practicality. It is important to remember that to generate better results, your company also needs to have a planning of recruitment marketing strategies. For HR recruiters this guide is must read :- Artificial Intelligence in Recruitment Process - Complete GuideHow Zyre.ai supports in building the talent pipeline with AI technology?
As we said, the pipeline is like a talent bank. The main difference is that the bank is made up of people interested in joining the workforce, but who have not yet undergone a special screening. On the other hand, with Zyre AI, these people have already been evaluated by the company and are stored in the talent pipeline considering suitable to fill a vacancy. With this list of contacts in hand, the organization prioritizes such candidates when a new opportunity arises—if they are available, the position can immediately close. This avoids the realization of new recruitment and extensive selection process, bringing a series of benefits, such as:- Participation of better-prepared candidates;
- Reduction in the urgency of the selection process when an unexpected vacancy arises;
- Locating and engaging candidates who have not applied to work at the company;
- Reduction of costs and time employed in a selection
Conclusion
Finally, as we have seen so far, building a talent pipeline is a job that brings several advantages, justifying the investment of money and time invested in this structuring. By having a list of qualified contacts interested in joining its workforce, the company gains in hiring quality, fluid selection, and a higher retention rate, reducing turnover and increasing engagement.Other Blogs you may be intereseted in
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