Singapore – LinkedIn, the social network for business professionals, has launched a new hiring solution to help hiring managers grow, track and stay connected with all their talent leads.
LinkedIn’s chief executive Jeff Weiner announced Talent Pipeline, the new product, in front of more than 1,800 recruiting professionals at the company’s event in the US yesterday. He said the solution will help recruiters easily find, track and stay in touch with potential hires all in one location. It can be used with both internal and external candidates.
Weiner said the tool will help employers widen their reach to the pool of qualified but “passive” candidates, instead of relying solely on active jobseekers and traditional sources such as personal referrals, job boards and career sites. He said, “Recruiters are actively looking for more talent from more sources and managing all their talent leads across multiple tools.”
According to LinkedIn, many employers are tracking potential candidates on separate spreadsheets. However, “the moment someone changes a title, job or location, the original lead or resume is out-of-date and the database becomes less valuable”, it said.
L.J. Brock, vice-president of Global Talent Acquisition & Infrastructure at open source technology provider Red Hat, said his firm’s hiring strategy is based on building “refined talent pools” to fill critical business roles. “Maintaining meaningful relationships with these candidates in a personalised but scalable manner is a priority for us.”
James Holincheck, managing vice-president of human capital management at Gartner, agreed. “One of the most frequent things we hear from enterprises today is a desire to better manage the increasing number of talent sources.”
Holincheck added, “Recruiters know that passive candidates are an important source of talent and want better tools to capture this opportunity.”
The Pipeline, which will be available next year as part of the firm’s Recruiter service, will allow hiring managers connect résumés to the candidate’s LinkedIn profiles. The company said recruiters would be “better positioned to evaluate and build relationships with leads, including shared connections, activity updates, recommendations and shared groups”. As a result, recruiters can update any changes and improve the efficiency of their talent pipeline activities.
LinkedIn is working closely with a number of recruiters, including PepsiCo, Pfizer, Red Hat, and Netflix, to develop Talent Pipeline.
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