Archive for the ‘Sourcing’ Category

Talent Mapping – it’s not just for filling jobs!

August 24, 2011

I recently saw someone define talent mapping as “the systematic identification and qualification of a potential pool of candidates for future opportunities” and it got me thinking that there is more to talent mapping that just filling jobs. While I do agree with the first part of the statement that ‘talent mapping is the systematic identification and qualification of a potential pool of candidates’, I consider the ‘for future opportunities’ part to be just one of the benefits of building a comprehensive talent map.

Talent mapping is readily used in the identification of potential talent for a business. Talent mapping is recognised and adopted by many businesses for this purpose, however there are other valuable uses that business can and should consider. Talent mapping is a great way to benchmark who is in the market, it can work as a competitive analysis tool, it can be used for employer branding purposes and it can support development of a talent community.

Consider you have an internal or preferred candidate for a critical role in your business. You may be relatively confident that this is the right individual for the job, but what if there is someone out there that could be better for the business?
In the same way that you would make a decision in buying a new home, talent mapping provides the means to evaluate, compare and benchmark your preferred candidate against the talent in a market or industry. The majority of executives would agree that for a critical role it is essential that they get the right person for the role. Utilising talent mapping is the solution that businesses should consider in these circumstances.

Another valuable use of a talent map is the development of a talent community. You may be an organisation looking to engage with individuals in a particular field or with a particular skill set. The best way to develop this community is to know who you need to engage with. Rather than blindly go in search of people to invite into your community, utilse talent mapping a build a qualified list of people who you can confidently engage with to build your community.

Yes, talent mapping can provide faster, cost effective solutions for finding candidates for your business but don’t just look at the short term solution. Talent mapping is a tool with broad benefits  that businesses can and should adopt for the ongoing development and success of their resourcing strategy.

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Review from the Australasian Sourcing Summit

August 17, 2011

I recently attended the Australasian Sourcing Summit. The first event focussed solely on sourcing in the region. There were various topics presented and discussed about the different methods and uses of sourcing in today’s business.

Sourcing has come a long way in recent years. To quote Christian LeLoux of Ernst & young “sourcing is no longer a skill set, it is a vocation”. While I wholeheartedly agree with this, what I did notice is that people have differing understandings of exactly what sourcing is and how it is most effectively utilised. It made it evident that there is currently no standard within the sourcing community.

Sourcing is about utilising tools to support the resourcing requirements of a business. It is about planning, being proactive, networking, communicating and facilitating. Sourcing does not follow the principal of ‘one size fits all’. It needs to be developed with an understanding of a business, to align with business strategy, to support growth.

In today’s business world we are heavily reliant on technology, and while this is important, sourcing is not just about using the internet and looking through LinkedIn. It is about developing a strategy to identify the tools available to tap into the community you need. These tools may include networking, industry associations, conference and delegate lists and picking up the phone and asking for referrals.

The sourcing industry will continue to develop as new technologies and methodology are uncovered. As more and more companies look to utilise sourcing it is important that a strategy is developed and understood prior to implementation. Furthermore, it is essential that sourcing professionals are skilled in various techniques and have the ability to build and engage with a talent community to support ongoing talent requirements.

Proactive Sourcing

August 17, 2011