Building a Talent Pipeline

A talent pipeline is defined as a ready supply of qualified people who meet the skill and competency requirements of an organization. A robust talent pipeline is comprised of both internal resources (capable people already employed by the company) and external resources (qualified people who are employed elsewhere but whose skills and competencies the company needs).

The benefits of building a talent pipeline include the following:

• Quick access to qualified talent in the market. Proactive recruiting identifies qualified candidates before the need is created.
• Reduced time to hire. With qualified candidates already identified and familiar with the company, the time from when a position is opened to when candidates are assessed and the position is filled is reduced significantly.
• Reduced cost of attrition. Quick access to qualified candidates and ...