Private Client Specific Docs

Unleashing the Power of Direct Sourcing

Issue link: https://read.uberflip.com/i/1518094

Contents of this Issue

Navigation

Page 28 of 30

29 © Crain Communications Inc. | All Rights Reserved | Unleashing the Power of Direct Sourcing | September 2023 The Path Forward Now's the time for followers and newcomers to start building their direct sourcing capabilities and moving toward a fully optimized workforce. Following these steps leads to smoother implementations and faster ROI. 1 Start Small, But Start Early adopters point out that organizations don't need to figure out the entire path to start thinking differently about talent. Instead, work on small changes that produce modifications in the sourcing and selection of talent. "It's possible to grow the program organically and still make a big impact on talent acquisition," said the director for the global contingent workforce program at a life sciences company. Within a short time, time to select for hard-to-source talent has been reduced from 3–6 months to 1–2 weeks, and manager satisfaction has climbed to 80%, she added. It's possible to grow the program organically and still make a big impact on talent acquisition. – Director, global contingent workforce program, life sciences company 2 Find an Executive Sponsor If managers doubt that members of the C-suite are fully committed to change, there will be resistance. By tying direct sourcing and workforce optimization goals to manager compensation, executives can strengthen accountability for progress and send a clear signal about the company's priorities. 3 Create Alignment Involving talent acquisition, HR and legal from the outset can create positive momentum. Also, consider removing the divisions between groups involved in talent acquisition and realigning tasks to create a holistic view of talent and encourage everyone to work collaboratively toward workforce optimization. 4 Explain the 'Why' Leaders have found that "why" is the most important message to communicate, as this is what inspires managers to support direct sourcing initiatives, embrace new ways of sourcing talent and take action. 5 Launch, Refine and Expand Use data analysis to find the "sweet spot" to launch direct sourcing, engage change agents and set realistic and achievable goals. Then, overcome inertia by benchmarking outcomes, developing use cases, teaching managers to fish and expanding sequentially. 6 Overcome the Fear of the Unknown Some 41% of organizations are resistant to trying direct sourcing for fear that it will reduce the commitment from staffing suppliers, according to a survey by Rockbridge Associates for MBO Partners. However, the reality is that companies will still need managed service providers, offshore talent, recruitment process outsourcing and even staffing agencies to meet their future talent needs.

Articles in this issue

view archives of Private Client Specific Docs - Unleashing the Power of Direct Sourcing