Direct sourcing is a method used by many hiring managers to curate talent for their business. This method is used to gather talent from a pre-existing pool of people, ensuring that these people are qualified and ready for the job at hand. This concept has become so popular that 60% of larger companies are already using or are planning to use direct sourcing.
Instead of relying on inbound applications, direct sourcing is a way to prioritize known talent, optimizing the new hire process. Especially in a time when new hire costs are at an all-time high, it is important to rely on the most cost-effective recruitment methods available. Direct sourcing often occurs through newsletters, job alerts, events, and even social media.
Today’s labor market has increased the need for talent access and faster hiring. In fact, we are currently facing a labor shortage, becoming one of the biggest challenges of 2023. In addition, there is an anticipated $8.5 trillion in unrealized revenue expected by 2030 due to over 80 million jobs remaining unfilled. Direct sourcing is a method best fit for the modern workforce, helping to keep talented employees in the workplace and making a difference across several industries.
Source: Atrium Global
