Sourcing strategies

What is Sourcing Sourcing is the ability of an organization to use an effective recruitment approach in filling vacant positions.

Why sourcing strategy is required: A single case of bad recruitment at the entry level supervisory role could cost the organization heavily. As organizations push for global scale, the need for the best of breed recruitment practices is increasing day by day in every vertical. A sourcing strategy is essential for Business Effectiveness .

Sourcing Strategy When determining an effective strategy, there are a variety of questions that need to be asked: What types of skills does the position require? Is the position to be filled needed on a temporary or permanent basis? What education level is required for the position?

Sourcing Strategy…cont’d Based on strategic intent, demand for type of position, and available resources a plan is laid out Internal & External methods are applies Now-a-days firms are increasingly engaging in Targeted Recruitment Targeted implies that the media and message used is specifically aimed at a particular group (e.g., women, Hispanics, disabled)

After these questions are answered, a plan can be mapped out as to how approach the recruitment needs of the organization .

The Strategic Sourcing approach is designed to: Drive reduction in total number of candidates interviewed. Drive a thorough understanding of both the candidate’s skills and internal company requirements. Deliver the candidate within the required time frame. Get a proper resource at a proper place

Effective way of the doing a good recruitment: Document Document Document - All inputs related to interviews a - No compromise on Analytical and Communication skills Thorough Technical & HR interview (if possible two rounds) No compromise on Reference check

Various Sources of Recruitment EXTERNAL Campus Recruitment Private Employment Agencies/Consultants Public Employment Exchanges Professional Associations Data Banks Casual Applicants Similar Organizations Trade Union Job Portals Recruiter Networking Employee Raiding

Various Sources of Recruitment…Cont’d INTERNAL Job postings Must be feasible Must be trusted Should include JOB TITLE KSAs PAY SCALE TASKS

Methodology of Sourcing Management Engagement Sourcing & Recruiting Methodology Analysis Ensure understanding of the requirements Assessment of skill-set requirement Confirm reporting lines & responsibilities Confirm compensation package and benefits, as applicable Analysis Short listing Application Screening Technical evaluation HR Screening Reference check Sourcing & Recruiting Methodology Company & Candidate pen down agreement Enroll candidate onto Companies payroll Engagement Account Management Resource Management Client Relationship Management Retention Management Finance Management Management

9 effective tips for successful recruitment and selection by David Meyer Hire for Today’s Need and Tomorrow’s Vision Understand the Job Be Legal Build a Standardized Hiring Process and Use It Hiring Top Talent Means More Profit A Bad Hire Is Worse Than You Think Interviewing Doesn’t Work The Most Neglected Aspect of Hiring Matching People to Jobs

To end up… Applicants like being interviewed by someone “like” themselves; this gives them the impression that they will “fit in” Applicants like speaking with someone from the functional area they’ll be in Personal characteristics of recruiter also matter: strong interpersonal skills, knowledge and enthusiasm about company and job improve acceptance rates

Sourcing strategies

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