Tag Archives: Sourcing ROI

What is Your Talent Sourcing ROI?

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Anything worth doing is worth measuring, and sourcing isn’t exempt from this.

If you want to know which method of sourcing has the highest ROI in terms of enabling a person to find more of the right people more quickly, then you’re in luck – because that’s what this post is about.

Human capital data comes in many forms – resumes, social network profiles, blogs, bios, press resleases, etc. – and I have found that a key and critical aspect of sources of human capital data that many people fail to formally recognize is the depth and completeness of the data that can yield information through review and analysis.

When it comes to leveraging information systems such as the Internet, applicant tracking systems, social networking sites, job board databases, etc. for sourcing and recruiting – the operative word is “information.”

Data is the lowest level of abstraction from which information can be derived. For data to become information, it must be interpreted and take on a meaning.

Generally, the quality and amount of information that can be gleaned from any particular source is directly linked and limited to the quality and amount of data present to be reviewed and analyzed. How useful is an information system supported by only a small amount of limited data?

In this post, I will:

  • Review the major sources of human capital data
  • Examine sourcing return on time invested
  • Explore the potential candidate’s point of view
  • Ask you to take a quick sourcing test

Ready? Continue reading →

All Recruiting Sources Are NOT Created Equal

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While there is much written on the subject of how to search the various talent sources available to recruiters and sourcers today, such as the Internet, LinkedIn, Facebook, Twitter, Google+, ATS/CRM systems, etc., there does not seem to be much written about their ROI as sources of talent/human capital information.

I believe that the value of any source of information is 50% based upon the actual information contained within (data depth), and 50% in the ability to extract out precisely and completely what the user needs (searchability). Information has no value if you are unable to easily access, effectively search for and find what you need and take action on it.

When it comes to leveraging information systems for talent identification and acquisition, it is critical to assess the depth of the talent/human capital data offered by the source as well as how “searchable” the source is.

Why is Data Depth and Searchability Important?

Quite simply, the deeper the data offered by and the more searchable the the source is, the higher the ROI for your sourcing efforts.

All electronic sources of talent are NOT created equal, and some offer sourcers and recruiters instrinsic advantages with regard to the ability to more quickly and precisely find more of the right people, yielding higher productivity.

I’ve created a graphic representation of a comparison of the data depth and searchability of the most common information systems used by sourcers and recruiters to find candidates. Continue reading →