The days when droves of qualified candidates consistently clamor at your door are over. Predicted labor shortages and a lack of skilled workers means talent acquisition must become smarter, faster and more affordable. One way to recruit more efficiently is to build a talent pool, which gives you access to top talent with just a couple of keystrokes, keeping high quality candidates at your fingertips.
What is a Talent Pool?
A talent pool is a database consisting of candidates who have shown interest in your company. These candidates may have been runners-up to a position you posted or had skill sets that, at the time, didn’t quite match an existing role. Others may be interested in your company but have never applied for a position (think passive candidates). Talent pools are filled using an applicant tracking system (ATS) that saves all submitted resumes, and also through employee referrals or even from