What is Talent Pipeline?
Wondering what exactly is talent pipeline?
Talent pipeline refers to a pool of potential candidates, either company's employees who are promotion prospects or external candidates, who are qualified and ready to fill a position.
Talent pipeline definition: What is a talent pipeline?
Talent pipeline refers to a pool of potential candidates, either company's employees who are promotion prospects or external candidates, who are qualified and ready to fill a position.
Talent pipeline is an aftermath of “relationship-centric” recruiting and it shifts company's strategy from reactive to proactive recruiting. Instead of searching for candidates that fit an immediate need, talent pipelining focuses on building relationships with a passive talent for future opportunities.
Benefits of a talent pipeline
Talent pipeline provides companies with potential candidates to fill an internal or external position.
Talent pipeline diminishes the amount of time usually vested into finding potential hires, as the groundwork has already been laid. Talent pipeline also cuts cost expenses.