Transforming Talent Pools: from cold database to engaged Talent Community

"A Talent pool is a database of potential job candidates…"

With such a definition, no wonder that talent pools fall short.
A list of names and resumes bombarded with automated messages?
That's a recipe for a cold, unresponsive talent database.

Talent pooling does have the potential to transform hiring:
enabling fast and successful recruitments, while helping achieve your DE&I goals.

➡️ So how do we tap into this potential? How do you grow and nurture this pool at scale until activation?

Build a vibrant talent community leveraging these untapped talent sources and offering a stellar talent experience that creates a genuine connection to your firm.

Let's dive in.
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Your Talent Pool’s potential is HUGE but untapped...

Picture this: Your CEO drops an ambitious growth plan. 100 new hires needed this year.
Your Talent Acquisition team already feels the heat - source, screen, interview, hire, repeat. 😱😱😱

But what if half those roles could be filled with talent already in your network?
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Let's do the (ballpark) math:
You'd typically need to interview 1,000 candidates (that's a minimum of 1,500 hours sourcing and qualifying)

But wait, consider:
- 200+ qualified candidates - especially those silver medalists from the past 18 months 
- 1,000+ warm employee referrals from your employees' network - aim for 3 each!
- 500+ connections from alumni
- 1000s more from career fairs, networking events, and (good) unsolicited applications
- Don't forget your internal talent

➡️ Yes, that's A LOT of potential future hires from your preferred sources = reliable and cost-effective

Suddenly, that 1,000 candidate target seems less daunting (and far less costly!), doesn't it? 🤩

Each role has its own requirements, but effectively tapping into these sources in a targeted manner can help exceed your hiring and diversity goals... and slash your team's sourcing time in half (and we know they'll thank you for this!)

Unfortunately, here's the sad fate of these potential superstars:
Buried in your obsolete database or ATS...
Scattered across tools and spreadsheets...
‍Hiding in your team and alumni's contact lists...
Too cold to reactivate due to outdated info or lost connections... 🫠🫠🫠

Talent Pool ➡️ engaged Talent Community:
a mindset shift - and a very possible mission

Your future hires deserve more than a database entry. They need to feel valued and connected to your organization. Automated emails won't cut it: we're talking genuine, sustained connections here.

Sounds great, but how do you manage this with a small team and hundreds (or thousands) of talents?

Here's how to get started 🎬 ⬇️

🎯 Define your Talent Pool proposition:

If we're considering talent pool as a dynamic group continuously engaged, what can you offer beyond early job access? What’s your talent pool value proposition? Think networking events, learning opportunities, or fun activities immersing them in your world. Make your community a place people want to be part of, hiring or not.
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👥 Mobilize your entire organization:

Go beyond ad-hoc referral bonuses. Make hiring a collective mission. Encourage everyone to refer talent continuously (quotas!). Centralize all these sources, and reward contributions at every level (individual, team and collective). Remember your employees are your best ambassadors.

🌐 Leverage the Community power (enabled by AI of couse)

Community engagement is a great route for human interactions at scale. Capture rich data for timely, relevant communications. Remember – people can spot pure AI, so blend tech with human touch. Make Talent Community Management a core skill and consider employee buddies for your top prospects.

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So, what's the missing piece?

You knew this was coming, right? 😃
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Indeed, SplendUp is the solution you may be missing, specifically designed to nail talent pool nurturing:

01. Easily build your central talent pool - or rather talent community - leveraging all these untapped sources
02. Maintain the relationships with talent and keep data fresh
03. Quickly find and activate the right talent when needed

It's your fast track to smarter, faster, and more diverse hiring.

If you’re interested in exploring "talent communiting" (yes, we're coining that term!), let's connect, share insights, and explore if SplendUp is the right fit for you!

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Laurie Guillodo, Founder of SplendUp

➡️ Let's chat! Pick a time: here
➡️ Connect on LinkedIn: here

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