Sourcing talent is a critical yet often misunderstood aspect of talent acquisition. Despite significant investments in sourcing teams and technologies, many companies still struggle with ineffective strategies and challenges in tracking their sources of hire. With the changing economy and evolving nature of work, sourcing remains a weak link in talent acquisition functions for many organizations. However, innovations in technology and artificial intelligence (AI) are driving changes in the way companies approach sourcing, with a focus on achieving both speed and quality in talent acquisition.
This report delves into the modern sourcing function, including its challenges, strategies, and technology enablers, to help companies understand the following:
- The changing investments in sourcing
- The obstacles faced by companies
- The necessary capabilities and skills for effective sourcing
- The role of technology and AI in sourcing
- The metrics that should be tracked in talent sourcing