How to Save Money By Reusing the Talent Pool

How to Save Money By Reusing the Talent Pool | Future Force Personnel

Having a hard time hiring? There is one solution that can help you fill vacancies and temporary gaps with great performers – fast. It’s with your existing talent pool.

When you were hired in the past, you undoubtedly came across strong candidates who just weren’t quite right for the particular role. Now’s the time to tap these people. You can also turn to those who have worked for you on a temporary basis in the past to fill new, full-time or temporary openings.

When you take this approach, you can take advantage of a range of benefits, all of which translates into saved money. Here’s why:

How Can You Save Money By Reusing Talent?

You’ll hire faster.

You won’t have to spend hours with posting jobs, networking with candidates, and screening resumes. Instead, you can simply turn to your talent pool and quickly find a few candidates who are a fit for the particular role you’re hiring for. Not only does this save you time on hiring, but also allows you to focus on other business priorities.

You’ll spend less on recruiting.

When you have a pool of candidates you can tap, you’ll be able to save money on sourcing, recruiting, and pre-screening candidates. You can simply jump right into the interview process, so you’re spending less on hiring.

You’ll avoid a hiring mistake.

You have a relationship with the individual and already know they’re a good fit for your company. As a result, you’re less likely to make a hiring mistake and more likely to get an excellent return on your investment with your new employee.

If you don’t already have a robust network of candidates you can turn to, how can you develop one? Here are a few tips to help you get started:

  • Use an applicant tracking system to maintain relationships with strong candidates you don’t hire. This way, you’ll have their information on hand and can easily contact them when the right opportunity comes along.
  • Reach out to them once in a while to ask about where they area working and to find out about what types of roles they’re interested in. Let them know about upcoming opportunities you have that they might be interested in applying to.
  • Stay connected on social media whether it’s LinkedIn or another industry-related social forum. This way, you can remain in touch, share information, keep track of their career, and alert them to openings.

Need help filling a gap?

Turn to Future Force. We’re one of Orlando, FL’s leading temp agencies and are here for you with expert recruiters who can strengthen your team with talented new employees. Contact us today to partner with us!

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