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Talent pool automation guide

Talent pool automation guide

What is a talent pool ?

A talent pool is an internal database of qualified candidates ready to be recruited or developed to meet an organization's current and future needs. This pool can be made up of internal or external candidates, and its effectiveness is often based on recruitment, retention and talent development strategies adapted to each professional context. Talent pools encompass a variety of profiles, including former temporary employees, former full-time staff, freelancers, retirees and even previously unsuccessful candidates. These pools are usually administered via an online applicant tracking system (ATS) integrated with a recruitment program.

 

A study by the Hackett Group revealed that companies that apply the talent pool management strategies have 15% higher sales than their competitors.

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    Benefits of having a talent pool

    Lower recruitment costs

    By having access to an internal pool of qualified candidates, you can reduce your dependence on external recruitment agencies and consequently lower the costs associated with these services.

    Reduce time to hire

    An efficient, well-stocked talent pool will enable you to fill vacancies faster by accessing a database of pre-qualified, ready-to-integrate candidates.

    Strengthen your employer brand

    Providing a positive experience for candidates, even if they aren't immediately hired, helps enhance your employer brand reputation and attract more qualified talent in the future.

    Flexibility and responsiveness

    A talent pool will give you greater flexibility to respond to fluctuations in the job market and changing organizational needs, by already having a base of potential candidates.

    How do you build your talent pool ?

    Providing candidates with a good experience contributes to the success of your employer brand. The way your brand image is seen by job applicants and the employer value proposition help people choose you. LinkedIn is more than a social network, it's an information paradise for HR and candidates alike.

    Recruiting companies need to be known on LinkedIn and other recruitment platforms thanks to their personal branding. ATSs enable companies to store candidates' CVs and profiles, track their progress through the recruitment process, communicate with them and manage interactions throughout the recruitment lifecycle, and especially afterwards.
     
    ATSs facilitate several key aspects, as they enable all candidate information to be stored in one place, so that it can be sorted, classified and categorized according to different criteria.
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    How do you manage your talent pool ?

    It's important to stay in regular contact with candidates by sending them newsletters, vacancy updates and relevant company information. In addition to this, sharing quality content, such as industry articles or employee testimonials, helps to keep candidates interested. Organizing virtual or in-person events also offers a unique opportunity for candidates to learn more about your company and its job opportunities.

    Furthermore, providing constructive feedback to candidates, even when they are not selected, reinforces their positive perception of your company and may encourage them to apply for future opportunities. Finally, maintaining an up-to-date database of candidates and keeping in touch with them, even after they've been recruited, helps cultivate lasting relationships that benefit your talent pool.

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