Hiring can be stressful and exciting all at the same time. Bringing on a new employee or coworker means big changes, but it can also bring lots of new opportunities for growth. The real key to success when hiring is to properly manage your talent pipeline. Gone are the days of putting an ad in the local newspaper and hoping for the right candidate.
These days, you need to have a strategy to attract the right talent, set them up for success and ensure that they stay with your company for a long time. This strategy should be a part of your overall business strategy as the employees you bring into your organization are going to have a large impact on your future success.
One way to achieve these goals is to turn to an applicant tracking system (ATS) to better manage your talent search and direct your hiring decisions. Being able to post multiple job openings on various job board sites at the same time is just one of the many advantages of an ATS, but these systems can also automate a number of common hiring tasks.
Other advantages of an ATS in your talent pipeline include having a centralized database of prospective employees, gaining the ability to sort and filter applicants according to talents and strengths and reducing the amount of paperwork needed during the onboarding process.
Your talent pipeline should also include what’s known as horizon planning. A horizon pipeline is one that includes a broad search in a targeted area. The goal of this strategy is to seek out candidates for future roles in specific markets where you have planned expansion.
If you choose to employ this practice when managing your talent pipeline, be aware that it comes with risks. Chief among these risks is the potential for qualified and interested candidates to abandon the process while waiting for your next move. If you aren’t ready to hire in the next few months, a horizon approach may not be the best.