Which Sourcing Resources Should Your Talent Team Use?

Quick background fact: Sourcing is the stage of recruiting when we uncover and identify candidates who match the profile we are looking for to fill a certain job requirement. This is done through proactive recruiting via sourcing resources.
Now that we have that covered, let’s discuss how to find the right sourcing resource for your talent team. This is an important decision as this will be a tool your talent team uses on a daily basis. You really want to make sure you chose the one(s) that will allow them to find the right candidates as efficiently as possible.

Examples of Sourcing Resources

• Monster: Prices for a seat vary depending on location parameters (local or national), duration, and business size. Range between $575 (1 month) and $1750 (3 months) or you can call for a customized solution.
• CareerBuilder: Prices for one seat vary between $600 for two week and $6000 for one year.
• Dice (IT Only): Contact sales for plan options.
• LinkedIn: Prices vary; please refer to my previous blog for more detail.
• TalentBin: This site gathers candidate information from sites like LinkedIn, StackOverflow, Github, and Meetup to and provides you with one list of matching candidates. This site is primarily used for IT needs and costs $799/month or $4,800 for a year.

What Should You Look for in a Sourcing Resource?

ROI

Make sure that the cost of the resource provides a return on your investment. Inquire about trials or guarantees. Look into reviews and customer statements. You want to make sure that this sourcing resource is resulting in quicker hires and saving you money in the long run.

Target Markets

As briefly stated above, certain sites are geared towards a certain market. For example, TalentBin and Dice are geared toward IT Professionals. If you are heavily hiring in one area; these sites will attract the best talent in that area. If you hire for various different backgrounds, a more general site may be your best bet.

Seats

Do you have to pay per seat? If so, is there a discount if you bundle seats together? Depending on the size of your Talent team, the number of open positions and the typical day of each Talent Specialist; it may be more cost effective to have them share seats as long as you make sure it won’t affect their productivity.

Make Your Decision Carefully!

Choosing a sourcing resource is a big decision. If you have no sourcing experience yourself it can be hard to tell what is right for your team. Make sure to get their input and consult with outside resources to make the most education decision.

What sourcing resources does your company use to find and recruit top talent?