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Sourcing strategies
 

Sourcing strategies

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

Sourcing strategies Sourcing strategies Presentation Transcript

  • 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
  • Thank you…