Successful sourcing top talent can have a significant impact on a company’s revenue and future direction. As a result, businesses are moving away from traditional hiring models and adapting to a new generation of employees.
Many organizations are turning to direct sourcing in combination, or in lieu of, traditional staff vendors for the recruitment of temporary workers. This staffing strategy can come with significant time and costs savings if done correctly, and can help a company directly access the booming contingent workforce.
Never heard of direct sourcing? Direct sourcing refers to the process in which companies make use of their own internal candidate talent pool to place workers within the company on a temporary basis.
This internal candidate pool can be made up of former employees, retirees or applications within the company’s own applicant tracking system. Once selected, these contingent workers are often engaged, managed and paid by an outsourced managed services provider (MSP), such as HCMWorks, which also establishes an arm’s length relationship and ensures their proper classification.
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