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

    1. 1. Sourcing Strategies
    2. 2. What is Sourcing <ul><li>Sourcing is the ability of an organization to use an effective recruitment approach in filling vacant positions. </li></ul>
    3. 3. Why sourcing strategy is required: <ul><li>A single case of bad recruitment at the entry level supervisory role could cost the organization heavily. </li></ul><ul><li>As organizations push for global scale, the need for the best of breed recruitment practices is increasing day by day in every vertical. </li></ul><ul><li>A sourcing strategy is essential for Business Effectiveness . </li></ul>
    4. 4. Sourcing Strategy <ul><li>When determining an effective strategy, there are a variety of questions that need to be asked: </li></ul><ul><li>What types of skills does the position require? </li></ul><ul><li>Is the position to be filled needed on a temporary or permanent basis? </li></ul><ul><li>What education level is required for the position? </li></ul>
    5. 5. Sourcing Strategy…cont’d <ul><li>Based on strategic intent, demand for type of position, and available resources a plan is laid out </li></ul><ul><li>Internal & External methods are applies </li></ul><ul><li>Now-a-days firms are increasingly engaging in Targeted Recruitment </li></ul><ul><li>Targeted implies that the media and message used is specifically aimed at a particular group (e.g., women, Hispanics, disabled) </li></ul>
    6. 6. <ul><ul><li>After these questions are answered, a plan can be mapped out as to how approach the recruitment needs of the organization . </li></ul></ul>
    7. 7. The Strategic Sourcing approach is designed to: <ul><li>Drive reduction in total number of candidates interviewed. </li></ul><ul><li>Drive a thorough understanding of both the candidate’s skills and internal company requirements. </li></ul><ul><li>Deliver the candidate within the required time frame. </li></ul><ul><li>Get a proper resource at a proper place </li></ul>
    8. 8. Effective way of the doing a good recruitment: <ul><li>Document Document Document - All inputs related to interviews </li></ul><ul><li>a - No compromise on Analytical and Communication skills </li></ul><ul><li>Thorough Technical & HR interview (if possible two rounds) </li></ul><ul><li>No compromise on Reference check </li></ul>
    9. 9. Various Sources of Recruitment <ul><li>EXTERNAL </li></ul><ul><li>Campus Recruitment </li></ul><ul><li>Private Employment Agencies/Consultants </li></ul><ul><li>Public Employment Exchanges </li></ul><ul><li>Professional Associations </li></ul><ul><li>Data Banks </li></ul><ul><li>Casual Applicants </li></ul><ul><li>Similar Organizations </li></ul><ul><li>Trade Union </li></ul><ul><li>Job Portals </li></ul><ul><li>Recruiter Networking </li></ul><ul><li>Employee Raiding </li></ul>
    10. 10. Various Sources of Recruitment…Cont’d <ul><li>INTERNAL </li></ul><ul><li>Job postings </li></ul><ul><ul><ul><li>Must be feasible </li></ul></ul></ul><ul><ul><ul><li>Must be trusted </li></ul></ul></ul><ul><ul><ul><li>Should include </li></ul></ul></ul><ul><ul><ul><ul><li>JOB TITLE </li></ul></ul></ul></ul><ul><ul><ul><ul><li>KSAs </li></ul></ul></ul></ul><ul><ul><ul><ul><li>PAY SCALE </li></ul></ul></ul></ul><ul><ul><ul><ul><li>TASKS </li></ul></ul></ul></ul>
    11. 11. Methodology of Sourcing Management Engagement Sourcing & Recruiting Methodology Analysis <ul><li>Ensure understanding of the requirements </li></ul><ul><li>Assessment of skill-set requirement </li></ul><ul><li>Confirm reporting lines & responsibilities </li></ul><ul><li>Confirm compensation package and benefits, as applicable </li></ul>Analysis <ul><li>Short listing </li></ul><ul><li>Application Screening </li></ul><ul><li>Technical evaluation </li></ul><ul><li>HR Screening </li></ul><ul><li>Reference check </li></ul>Sourcing & Recruiting Methodology <ul><li>Company & Candidate pen down agreement </li></ul><ul><li>Enroll candidate onto Companies payroll </li></ul>Engagement <ul><li>Account Management </li></ul><ul><li>Resource Management </li></ul><ul><li>Client Relationship Management </li></ul><ul><li>Retention Management </li></ul><ul><li>Finance Management </li></ul>Management
    12. 12. 9 effective tips for successful recruitment and selection by David Meyer <ul><li>Hire for Today’s Need and Tomorrow’s Vision </li></ul><ul><li>Understand the Job </li></ul><ul><li>Be Legal </li></ul><ul><li>Build a Standardized Hiring Process and Use It </li></ul><ul><li>Hiring Top Talent Means More Profit </li></ul><ul><li>A Bad Hire Is Worse Than You Think </li></ul><ul><li>Interviewing Doesn’t Work </li></ul><ul><li>The Most Neglected Aspect of Hiring </li></ul><ul><li>Matching People to Jobs </li></ul>
    13. 13. To end up… <ul><li>Applicants like being interviewed by someone “like” themselves; this gives them the impression that they will “fit in” </li></ul><ul><li>Applicants like speaking with someone from the functional area they’ll be in </li></ul><ul><li>Personal characteristics of recruiter also matter: strong interpersonal skills, knowledge and enthusiasm about company and job improve acceptance rates </li></ul>
    14. 14. Thank you…