How to create and optimize a talent pool?

Simon Brunner

14 juil. 2023

How to create and optimize a talent pool ?

To optimize your recruitment strategy, from sourcing to onboarding, it is essential to create and develop a talent pool. Focus on this tool that recruiters and headhunters can no longer do without.

In this article, the Lymia team explains:

  1. What is a talent pool?

  2. The importance of developing your talent pool

  3. The tools to create and optimize your talent pool

  4. A talent pool strategy (re)places the human at the center of recruitment

What is a talent pool?

It is a database comparable to a reserve of pre-qualified talents that you can draw from as soon as you are looking for a profile. It's the company's personal CV database, also called a talent pool.

A talent pool is composed of:

  • Candidates from sourcing met in the past but not selected

  • Candidates who show interest in your company (for example via social networks)

  • People who have sent a spontaneous application or who have responded online to one of your previous ads

  • Co-opted talents, recommended by employees or members of your team

  • Former collaborators.

Recruiters compile information such as contact details, geographical area, skills, degrees, qualifications and experiences. Not to mention, CVs.

To keep a quality talent pool, there is no secret: it is essential to maintain it regularly. For this, set up a process to regularly maintain and update your talent pool.

💡 The more precise, well-informed and updated your file is, the easier it will be for you to detect the best profiles.

The importance of developing your talent pool

In 2022, more than half of companies (58%) say they are having difficulty recruiting. This trend is confirmed in 2023. Talents are highly solicited and there is a shortage of qualified candidates.

What if the candidate you were looking for was already in your talent pool? Unfortunately, many companies lack proactivity and neglect their talent pool. Very often, they do not exploit it enough or poorly, even if they have an ATS or a HRIS.

It is not uncommon to see some recruiters broadcast an offer, interact with a candidate and then realize that he was already in his talent pool! Drawing from your candidate database from the start of the process thus guarantees a faster and more efficient hire.

💡 Thanks to your "talent reserve", reduce sourcing and recruitment delays, offer a custom candidate experience and find employees compatible with your corporate culture.

The tools to create and optimize your talent pool

To create your talent pool, an Excel file may be enough. The best option is to opt for a recruitment ATS (Applicant Tracking Systems) or HRIS (Human Resources Information System) and take advantage of their advanced features.

❇️ Our selection of ATS: Lever and Teamtailor.

Building a solid database is not enough. It is essential to animate it to keep in touch with potential candidates. You can do this with newsletters, events like job datings or open houses for example.

💡 To optimize your talent pool, complementary solutions to your ATS can make your job easier! In a few minutes, they almost automatically recommend relevant candidates.

Lymia is one of them. In 5 minutes, our software uncovers gems from the best profiles on your ATS and your LinkedIn network. This makes sourcing and recruiting easier in just a few clicks.

A talent pool strategy (re)places the human at the center of recruitment

Recruiters and talents can establish a long-term relationship if they regularly communicate about their issues and needs.

It is therefore crucial to take care of the candidate experience and its employer brand, to make its recruitments more efficient.

When you manage your talent pool well, you naturally work on these two priorities.

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