Last updated on May 3rd, 2021 at 09:15 pm
We recently published an article on eTeam’s Vetted Talent, which talked about how it can positively impact your organization at a critical moment such as now – when the staffing industry is ripe for change.
To summarize, eTeam’s Vetted Talent is talent that’s been put through a thorough screening, interviewing, and skills assessment process by our experienced subject matter experts (SMEs) before they are submitted for a role. This translates to higher quality talent, faster speed-to-hire — all at a lower cost than organizations are used to paying.
Why curation is critical to delivering quality talent
It’s not just the vetting that is critical for a candidate’s ultimate success, but our role as curator that is also crucial. The same way a museum curator acquires fine art collections and presents them to an audience, curation of talent means talent is being selected, categorized, provided feedback to, and presented for the most relevant, highest-value roles that allow both the organization and talent to be successful.
By investing in a curation process, we are showing a commitment to finding the right person who will be successful inside a given environment and culture. Curation is proactive. But why is this important now?
Post-pandemic war on talent
Companies will be fighting for talent in 2021 and beyond as companies shift how and where they work and certain skill sets move towards the forefront of an organization’s “must have” list. “Companies need to do what they should have been doing all along, which is to institute smart, repeatable hiring processes that rely on qualifications, rather than relying on gut feeling and having people come to the office and hang out,” David Gaspin, SVP of human resources at Delos, told Benefit News.
At eTeam, we’ve built long-term relationships and formed trusted partnerships with many Fortune 1000 companies, MSP organizations, and world-class talent because of our rigorous processes that take the guesswork out of the hiring process. This is more important than ever as companies recover from the losses during the pandemic and may have limited hiring budgets for the foreseeable future.
Moreover, curation is a process that happens continuously, so there is always a readily available talent pipeline for an organization to select. We’ve been doing this since 1999 when we opened our doors, and we placed hundreds of thousands of highly qualified talent that continues to come back to us in search of their next project.
The devil is in the detail
Curation must come from a trusted referrer of information like a subject matter expert knowledgeable within a given skill set. This leads directly to the quality of talent within an organization. Our network of over 18,000 SMEs means our recruited talent feels confident when they are submitted for a role that they can come in and hit the ground running.
They also must be a fit culturally, which is becoming as important as skills fit for many organizations. “There remains the perpetual challenge of finding candidates with the right mix of skills and attributes,” a recent Kornferry report stated. “Even with more available talent in the market due to higher unemployment, it may not necessarily be easier to hire an employee who is fit for the role.”
The status quo is no longer acceptable
In a saturated talent market, curation has become critical in the hiring process. It directly impacts submit-to-hire ratios, speed-to-hire, cost savings, and organization’s ability to deliver projects on time.
To meet today’s market demands, curation must be scalable through an extensive network of subject matter experts who are available 24x7x365. Subject matter experts bring crucial industry and organizational experience because they have been in these roles before and know what it takes to be successful.
The Cost Factor
Sifting through dozens of resumes for every job opening and attempting to qualify soft and hard skills isn’t a hiring manager’s job. What’s more, hiring the wrong talent is costly and time-consuming.
According to the U.S. Department of Labor, the average cost of a bad hire is up to 30% of the employee’s first-year earnings, resulting in lost productivity and time, inflated hiring expenses, wasted recruiting efforts, and delayed projects.
That’s not all. If organizations muddle through with talent that doesn’t have the right skills, they, too, will be disengaged. Research by Gallup estimates that actively disengaged and unhappy employees cost businesses anywhere from $450 billion to $550 billion a year in lost productivity.
The competition for top talent remains one of the most critical pieces for a company to get right. Curation allows organizations to cultivate a larger, broader pool of quality talent, continuously, and engage with them throughout the process.
This leads to happier, more engaged talent that companies can count on for improved productivity and efficiencies, lower costs, and an ability to provide an active pipeline of referrals of like talent.
At eTeam, we’ve invested heavily in an innovative and thorough curation and vetting process that benefits all parties. We believe both vetting and curation is the single most important factor in ensuring talent and organizations are successful.
If you want to learn more about how we find, vet, and curate talent, please visit eteaminc.com.