A talent pipeline refers to a pool of employees who have been earmarked by a company as potential candidates for future positions, or positions which may become vacant. The pool may comprised of employees already working within a company as well as external talents who work within the relevant industry. When it comes to forming a talent pipeline with best practice, HR professionals should consider what skills, qualifications, and experience are necessary for the given role. Once this information is established, potential candidates who meet the requirements can be identified. If the potential candidates are already working within your company, you can conduct a talent review process to assess any competency gaps between the candidates and the role. This gives you all the data you need to help those in your talent pipeline to develop the skills needed to successfully fulfil the role.
Talent pipeline management is a long-term, precautionary approach to recruitment. In establishing professional relations with external potential candidates who already possess the desired skillset for a position, or helping a member of your workforce prepare for the role, you reduce the risk of having lengthy vacancies while you wait for the right candidate to apply. Likewise, you are less likely to promote an employee who is not ready yet to take on the position.
With Talentsoft application you can easily and quickly create a talent pipeline that you can rely on. Our smart Talent Review product enables you to better analyze your employees—one at a time—and build more insightful, more strategic HR plans as a result. Interested? Discover human added value and try Talentsoft today—it’s free and easy to set up. Talentsoft: software solutions for HR professionals.