Direct Sourcing Solutions Matter
Direct Sourcing is not just a talent acquisition strategy; it's a strategic advantage. By establishing a community of qualified, engaged, and contingent workforce, companies can proactively find talent for temporary contract positions. This approach liberates companies from the constraints of outdated inbound applications or stagnating application databases. Instead, it empowers companies to reach out directly to potential candidates who have already been identified as a good fit for the role. This efficient method allows companies to swiftly identify and communicate with the ideal community of specialized curated talent, fostering a solid relationship that significantly improves the company’s talent acquisition processes.
The Workforce is Transitioning to Direct Sourcing
The demand for reliable and skilled workers is growing as the workforce evolves. In the face of ongoing economic volatility, Direct Sourcing is not just a trend; it's a strategy here to stay. Industry experts predict that Direct Sourcing solutions will emerge as a leading talent acquisition tool, serve as a sustainable engine for workforce management, and play a vital role in the future of workforce management products. The future of Direct Sourcing inspires confidence in its ability to address talent shortages and rising recruitment costs, making it a strategic selection for businesses.
Rebecca Cenni-Leventhal, CEO of Atrium, writes, “As the modern workforce makeup evolves, the strategic use of contingent workers has steadily increased, and uncertainty only gives further momentum to this trend.” Christopher Dwyer, Manager Director of Future of Work Exchange, agrees, “Direct Sourcing will demonstrate its enduring value as a foundational talent acquisition strategy and talent sustainability engine, solidifying its role in the workforce management landscape of tomorrow.” The experts agree and recommend that Direct Sourcing can be an outstanding tool for companies looking to overcome talent shortages and manage climbing expenses and recruitment costs, among other challenges. The alarming threat of talent shortages creates a significant concern for businesses, which experts estimate could lead to $8.5 trillion in unrealized revenue by 2030. Direct Sourcing is prepared to meet this challenge. In 2020, 33% of companies hired contract workers, and 20 - 30% of the U.S. labor market was part of the gig economy, and this validates that direct sourcing is motivated to pay attention to the trend, making it an essential tool for the modern workforce.
Positives of Using Direct Sourcing for Your Business
Direct Sourcing is not just about finding the right talent; it's about finding it cost-effectively. It offers significant cost savings, with 98% of businesses reporting substantial reductions, averaging 10 -15%. This leads to higher-quality talent, better candidates, swift hiring cycles, and a more tailored hiring experience. But it's not just about the numbers; it also enhances brand recognition, cultivates relationships, and promotes diversity, expanding the potential team of potential candidates.
Direct Sourcing is a brilliant resource for companies looking to stay competitive in the current workforce. Companies can advantageously find the talent they need quickly and cost-efficiently by creating a private talent community of qualified contingent resources. Another benefit of the Direct Sourcing tools extends to maximizing your company's ROI. Direct Sourcing strategically aims to attract and retain top-quality talent to help reduce the costly turnover rate metric. This metric can be used to show a successful high conversion rate, from reducing temporary workers to retaining your workforce. Your business is disadvantaged if you’re not using a Direct Sourcing program! This explains why leading companies choose workforce management partners like Atrium.
Direct Sourcing Solution from AtriumWorks TM, a specialized division of Atrium, blends innovative and practiced programs to find exceptional talent to meet broad landscape business needs. Direct Sourcing Solutions AtriumWork’s company includes thirteen offices located in the U.S. that will be delighted to help your company with all its needs related to its direct sourcing activities. AtriumWorks will tailor a custom package to provide practice solutions that drive your business success, optimize hiring costs, and find talented professionals to gratify your company’s needs.
source: Atrium Global