The Benefits of Direct Sourcing

Direct sourcing is a talent acquisition strategy that enables companies to interact directly with talent without using an external staffing agency to retain the best quality candidates. Instead of relying on inbound applications, direct sourcing focuses on talent curation and known populations. These talent pools are curated on an ongoing basis to make sure they continue to meet a company’s talent needs. 

Direct sourcing is a robust, dynamic solution used to face the challenges of tomorrow. Half of staffing firms state that labor shortages were the biggest challenges of 2023 with unrealized revenue equaling $8.5 trillion by 2030 from 85 million jobs remaining unfilled. The cost of recruitment is also posing a problem with new hire pay being 9% higher than before. Fortunately, most businesses using a direct sourcing program have experience cost savings, making it a great cost-effective recruitment strategy. 

Besides cost savings, direct sourcing offers other benefits like gathering top-quality candidates, producing faster hiring cycles, building relationships with candidates, improving candidate diversity, boosting employer brand perception, and creating a better candidate experience. Direct sourcing can lead to high levels of conversions from temporary to permanent employees as well, maximizing return on investment in the long run. Using a direct sourcing program can help companies find the talent that they need in a proactive way that can save them money and time.