Apr 19

2011: The Year of Growth

By Rebecca Callahan Recruitment Comments Off
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At SourceRight Solutions, 2011 is off to a great start. We’re definitely seeing growth in certain market sectors, especially IT and financial services. More professionals have opted to become part of the contingent workforce as “free agents,” which has created a highly qualified talent pool to fulfill the uptick in exempt hiring requirements. In fact, we’re seeing an increasing trend in recruitment process outsourcing towards exempt-level hiring – a sharp contrast since historically RPO was more transactional – and now we’re being called into situations where our full range of skills and tools are being leveraged to source hard-to-find, passive candidates.

To oversee this growth, companies need to commit resources – whether internal, external or both. All of us witnessed organizations letting their recruiters go during the recent downturn. Many of our clients are now turning to us not only to help recruit but to also be part of broader strategic discussions with their hiring managers. Leveraging your MSP/RPO partner to counsel on how talent is developed and where the next wave of talent is coming from is becoming more commonplace.

Also becoming more frequent is the use of interim executives. An interim executive can fill the gaps created by winnowed-down management teams or newly created initiatives.  The interim executive can also lay the groundwork for someone within the company to assume the responsibilities. This free agent-driven “knowledge transfer” approach has enormous benefits as companies gain the benefits of senior talent – including C-level – with considerably more experience than could be brought on staff. While images of grey haired sages might come to mind, the reality is that many of these interim executives are far from retirement age and possess unique entrepreneurial skills.

There’s also a new position being created within many forward-thinking organizations: the Global Talent Acquisition Leader. These individuals are responsible for overseeing organizational talent acquisition strategy, effectiveness and spend.

In closing, we anticipate growth in improving the management of “blended” workforces across all categories of talent—full-time, part-time contingent, contract, and alumni—by using integrated infrastructure, tools, and analytics to strategically optimize the resourcing and management of talent globally.

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Mar 21
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Regardless of industry, the pace of business is fast. In the past, innovation seemingly happened as fast as the speed of sound. Today, thanks to globalization and technological advances, it’s happening at the speed of light. Not only should organizations anticipate change, but they need to prepare for it.

U.S. Army War College coined a new term – VUCA – to describe the dynamic nature of today’s world rife with volatility, uncertainty, complexity and ambiguity. With change being the only constant a business can count on, how can organizations prepare for the unexpected?

The difference between high performing organizations and those that underperform is having agile leaders, who are focused, fast and flexible.

Focused leaders have a sharp vision and strategic plan for success. In many cases that requires forming and reforming teams to meet changing business demands. With workers geographically dispersed, managers need to oversee work groups in different time zones, cities or countries. Today’s leaders need to be nimble and able to effectively bring these diverse groups together to champion a common cause.

Fast response is also essential when responding to change. That means sourcing talent with the right skills to support business objectives and having the tools and process that support sharing information and knowledge rapidly across the organization. This skilled talent is not only found in the traditional workforce, but in consultants, contract workers, free agents and freelance talent. Managing a blend of contingent and permanent workers requires systems and processes that enable organizations to incorporate multiple sources of talent and rapidly make decisions.

A flexible and creative approach to how work gets done is also a requirement for agile leadership. That means fostering collaboration among partners, departments and teams within physical and virtual spaces. Leaders who can effectively infuse collaborative work processes are able to drive results and demonstrate to their organization that together, not only are they prepared for change, but actually doing something about it.

As competition intensifies and the mode in which work gets done continues to evolve, SourceRight Solutions helps to optimize the acquisition of critical talent – strategically deploying full-time, contingent and free agents – enabling today’s agile leaders to meet business demands by accessing the right talent to quickly respond to change.

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Mar 08
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Today’s technology-savvy job candidates can easily research a company’s culture, values and vision. Therefore, how your company is portrayed online is more crucial than ever. The ability to access social networking sites, blogs and other online communities means potential employees can scrutinize and make decisions about your company in advance.

Here are several solid tips to help your company improve its online recruiting brand:

Be consistent

Are your online messages clear, consistent and compelling? This includes your website, Facebook pages, LinkedIn company profile, tweets, blogs and, of course, e-newsletters. Disparate communications vehicles shouldn’t mean disparate messaging – plus all of these online venues should engage candidates by speaking directly to them.

Define your voice

Are you a young, informal, innovative company? If so, the online persona should reflect this personality.  Is your company a Fortune 500 with considerable business history? Your voice should convey the organization’s corresponding gravitas.

Reach your target audience

Who are the candidates that you want to attract? Highly specialized engineers or experienced sales types? Once you’ve determined with whom you want to communicate, you can tailor your communications to where they can be found online and which topics interest them.

Engage

Remember that the purpose of many online communities is to interact with others. Determine the most appropriate way to insert your organization into the discussion and ensure that your contributions provide value to the audience.

If evolving your online recruiting brand isn’t your talent acquisition function’s core competency, leverage internal resources within your Marketing department for access to branding expertise — and external partners such as your recruitment process outsourcing (RPO) provider who can bring real-time experience in social media practices, as well as up-to-the-minute recruiting techniques.

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Sep 10
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For years, organizations seeking brand recognition, greater market share, and revenue growth have been expanding not only nationally, but globally. As this trend towards doing more business with fewer borders continues to evolve, the hunt for talent has gone global as well.

Organizations are making different hiring decisions than they’ve made in the past. Hiring talent outside the United States supports new markets, products, client bases and customer cultures. Another compelling reason for recruiting without borders: The quest to find the best and brightest employees, regardless of their geographic location.

Identifying talent and implementing appropriate recruitment practices around the world is fast becoming a key part of overall business strategy.

As a result, more and more employers are turning to “outsourcing talent acquisition providers” who can ensure the organization’s network gets bigger, as the world gets smaller.

By working with a single partner globally, the organization realizes tremendous cost savings and sourcing efficiency. If you are considering partnering with a talent acquisition partner to manage your global hiring and workforce management needs, here is what you should look for:

  • Expertise in employment laws, regulations and customs in various countries
  • Fluency in different languages
  • Sensitivity to cultural diversity 
  • Consistent processes and a common technology platform across countries
  • A single point of contact for account management
  • Local presence, with a global reach
  • Access to a wide network of skilled talent
  • A global, shared database of active and passive talent
  • Utilization of a variety of recruiting techniques
  • Strategies for filling hard-to-fill and niche positions
  • Expertise in your vertical market
  • Recruiting for full-time positions as well as temporary staffing
  • Established performance metrics and tracking

Technology and the increasing sophistication of outsourcing service providers have made it feasible for organizations to turn to a single provider for hiring needs across the planet. And that’s good news, because as business expands beyond borders, the war for talent has gone global too.

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Aug 05
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For those that know me and my penchant for process mapping, quality control, and all things compliance, the following blog may seem out of character. This all started after perusing an article from the Harvard Business Review, March 2009 titled, “When Should a Process Be Art, Not Science”.

Any Six Sigma professional likely knows that the enemy of process quality is variation and the push in any quality initiative is to work to identify variation in a process that results in waste, errors, or bottlenecks. However, the aforementioned article highlights another perspective in that there are many processes—namely recruiting and sales—that have an inherent element of “art” that cannot be ignored. Executors of the recruiting process wrestle with an effort to maintain consistency while at the same time addressing the nuances that come with the art of recruiting.

In a previous blog posting (http://www.sourceright.com/blog/?p=71 ), I espoused the advantages of a truly experienced recruiter in the recruiting process. Lately, I’ve been questioning the efforts of so much of the recruiting industry to standardize, standardize, standardize. More and more RPO providers are working towards a shared services center model with a strong push towards a standardized, commoditized approach to recruiting. The has been done to, ensure compliance, improve economies of scale, implement repeatable best practices, with the end goal guaranteeing process consistency. For some RPO solutions, this approach may suit the client’s specific talent acquisition needs very well. Analyzing the recruiting process and the many components that directly impact it, there are two key areas that should work towards standardization:

ATS – Commonality of technology ensures a one-stop shop for compliance auditing and requisition tracking

Measurements – While the individual targets may vary based on position complexity, the metrics themselves (e.g. time-to-fill, diversity of candidate pool, recruiting cost efficiency, etc.) should be the same

But should the methods and tools utilized for the Vice President of Product Development requisition differ from that of the next Customer Service call center class? Naturally, the techniques and avenues a recruiter exploits recruiting for these two categories drastically diverge. Even the people (i.e. recruiters, candidates, and hiring managers) involved in each example likely differ greatly in expectations, experience, and earnestness. Furthermore, the current job environment might impact each hiring category in very different ways, in turn, transforming the way a recruiter might approach each hiring challenge.

Going even more granular, every requisition has inherent nuances that an experienced recruiter will recognize and adjust to accordingly. I’m not suggesting that the process should evolve with each requisition nuance, but the critical to quality goal in most requisitions, is a quality hire in the shortest amount of time possible. An experienced recruiter knows where the process boundaries truly exist to maintain consistency, compliance, and client satisfaction while at the same time achieving that end goal.

Dartmouth Tuck School of Business professors’ Joseph M. Hall and M. Eric Johnson, who authored the article mentioned above, recommend some practical approaches to this Art versus Science dilemma in a business process. They conclude that each has important value development roles in many business processes. They specifically describe the role of art as “allowing for flexibility, creativity, and dynamism that a purely scientific approach cannot replicate.”

Future leading edge RPO best practices and processes will incorporate the strengths of both recruiting art and science and be measured by the appropriate customer (art) and process (science) focused metrics to determine future solution quality levels and success.

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Jul 23
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As organizations are becoming more sophisticated in sourcing talent and demanding better results from their sourcing strategies, SourceRight Solutions is reinforcing their commitment to providing workforce management innovations by offering greater transparency on contingent workforce trends and providing an exclusive edge in a highly competitive environment. 

SourceRight, recently announced the launch of SourcingEdge, a proprietary candidate sourcing methodology that is designed to help talent acquisition outsourcing clients gain a competitive edge in identifying the best and brightest talent from active and passive candidate pools. The SourcingEdge Career Networking Hub provides clients with rich talent pools; gives candidate access to thousands of job opportunities; provides career resources to aid in career searches; among other advantages.

SourceRight has also launched SourceRight Advisor for talent acquisition programs, a workforce analytics and thought leadership solution that draws on the company’s experience, aggregate business information, knowledge and scale to help businesses develop better-informed strategies to optimize their services and workforce management spend.  SourceRight advisor will deliver specialized expertise and guidance including policy, compliance, change management, market intelligence and supplier relations.

The launch of SourcingEdge and SourceRight Advisor is the next phase of the company’s commitment to continuously revolutionizing recruitment strategies and services for today’s emerging workforce population.

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Jun 07
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Increasing globalization is driving the need for RPO and MSP providers to broaden their geographic reach, while maintaining consistent delivery of high quality services.  In response to this growing business requirement, in March, Hays plc and SourceRight Solutions announced a strategic alliance to provide global outsourced workforce management services.  Now, Hays and SourceRight have taken the next step of broadening our combined reach by introducing WorldSource Talent Acquisition Outsourcing Solutions.

WorldSource is designed to manage and integrate worldwide Recruitment Process Outsourcing (RPO) and Managed Service Provider (MSP) programs, while improving the global recruiting and resourcing experience for all stakeholders.  WorldSource has the capabilities to leverage strategic talent acquisition teams of more than 4,500 recruiters across 900 offices in 29 countries to attract and hire the world’s top talent.

Also, SourceRight is announcing the expansion of its MSP offerings to help the world’s top organizations maximize the value of their contingent workforces. See “SourceRight Expands MSP Offerings and Leadership Team” at link: http://bit.ly/cTRGLa

SourceRight’s enhanced talent acquisition capabilities takes our MSP solutions to the next level – a scalable outsourcing model that provides flexible configuration options, global program management oversight, optimized supplier management and client decision support analytics.

Our enhanced MSP solutions are designed to control costs and minimize compliance risks through streamlined processes and infrastructure, access to a global preferred supplier network, and improved supplier performance and client spend with timely insight to strategic market trends data.

As current pressures from the challenging economic climate force businesses to adopt recruitment strategies that adapt quickly to fast changing market conditions, these recent announcements provide further evidence of our commitment to our value proposition of helping large, global organizations maximize the value of their blended workforces.

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