GoHire Blog

What is a Talent Pool?

Reduce the cost of hire by replacing silos with a talent pool of qualified candidates. Want to know how? Here is everything you need to know about the talent pool.

By Chris Smith

29 Dec 2022 · 3 min read

Table of Contents
What is a Talent Pool?

A talent pool is like a hidden oasis filled with some of the best resources your organisation can find. 

It's a curated list of potential job candidates with the right skills and experience to fill any job openings in your company. 

Think of it as an ever-growing bank of potential employees you can draw on when needed. With a talent pool, you don't have to scramble for candidates when a new role opens up. 

You can dip into talent pools and find your perfect candidate. Don't wait until you're in a pinch – start building your talent pool today

After all, you never know when you'll need to dip into your talent pool. So take the time to build an effective talent pool and maintain it. Spend time reviewing potential candidates in talent pipelines and adding them if they fit the bill. Besides, ensure you take advantage of passive candidates and potential all-stars! 

You'll know who may be an excellent fit for your organization once you look closely. 

How will a talent pool benefit your business?

Having a talent pool offers several advantages to businesses. Not only will building talent pools help you find the perfect fit for your team, but you'll also have access to a wide range of diverse talents and skill sets.

For better understanding, think of it like a candy store – so many different kinds of "candy" (or, in this case, future talent) to choose from! 

Plus, once you find the perfect fit for your team, you'll be able to easily and quickly call them back for future roles. 

No more wasting time interviewing unsuitable candidates and jumping into the recruitment process straightaway – just get back in touch with that talented individual you had lined up earlier. 

Best of all, having a talent pool means that your business can become a destination of choice for top talent, allowing you to create a stable and secure working environment.

How do talent pools work?

Talent pools are like treasure chests – filled with precious gems! They help SMBs identify, evaluate, and nurture talent that can be used to fill current or future job openings. 

Talent pools enable employers to quickly find the perfect fit for their organization by collecting information about potential and passive candidates in one central location.

Plus, they make it easy to go back and tap into the same candidate's talent pool when a new job opening comes up. So, with talent pools, employers can rest assured they're always recruiting top-notch talent!

In GoHire, for example, all you need to do is spin up a new talent pool, then either import candidates in bulk or move them over from one of your existing jobs; it's so easy.

Why are talent pools important?

Talent pools are essential for businesses to ensure a steady flow of candidates in their talent pipeline when jobs arise. 

Besides, when you build a talent pool, you get easy access to up-to-date details on the best and brightest in the industry, so you're always full of qualified personnel. 

Plus, talent pools let recruiters know who is available for opportunities, allowing them to quickly fill positions in their talent pipeline with the most suitable candidate. 

It's like a magic wand of potential employees! Who doesn't want that? So when you build talent pools with the right talent pool, your business will always have an impressive selection of expertly qualified candidates.

When combined with a perfect job description, you can move candidates seamlessly between jobs and pools in the talent pipelines; the best candidates become easy to hire. 

How to contact candidates in your talent pool?

Once you build a talent pool and have identified the right candidates for your talent pool, it's time to reach out and get in touch with them. But don't fret - there are plenty of ways to make contact! Here are a few organizational strategies:

Send an email 

It may sound old-fashioned, but an email is still one of the best ways to contact potential candidates. Keep the message concise and informative, highlight your company's mission and value any open roles.

Make a personal connection

If you have mutual connections, consider leveraging them! Ask them if they can introduce you to the candidate, and clearly explain why you're interested in getting in touch.

Connect on social media 

Take advantage of the power of social media and reach out to candidates via LinkedIn, Twitter, or Facebook. Just be sure to personalize your message, and don't be afraid to show your personality! After all, you never know who may respond positively.

Go for a coffee 

Sometimes, the best way to connect is in person. Invite candidates to grab a cup of coffee and have an informal chat about potential opportunities. It's a great way to get to know more about them and see if there could be a fit for your team. 

LinkedIn is ideal for candidate outreach; check out these free LinkedIn candidate outreach templates. Also,  Apollo.io has over 250 million contacts to source and add to a talent pool in GoHire.

At the end of the day, it's all about getting to know the candidate and seeing if there is a potential fit in your talent pooling - so use the tools at your disposal and get connected.

Finally, remember that you're not just looking for someone who can do the job; you're also looking for someone who fits with your team; take peer-to-peer feedback and the culture you've cultivated. Remember this during your outreach process, as it will help you find the right candidate for the job.

Happy hunting! 🕵️‍♀️🔎👩‍💻👨‍💻✨

Is it good to be in a talent pool?

Talent pooling is an important aspect to hire quality, diverse talent, quicker. Besides, you can add suitable talent to your database and interact with them even if there’s no job opening at the moment. So, when a role does come up, you've got great candidates to call on instantly.

How do you use a talent pool?

There’s different ways to create and maintain a talent pool, here’s how:

  • Add your sourced candidates
  • Re-engage potential candidates
  • Create a dedicated landing page
  • Keep candidates who are not at the moment looking to apply
  • Keep in loop former employees
  • Include internal talent
  • Interact with students and graduates-to-be

Why do you need a talent pool?

It allows your recruiting team to build talent collections based on your organisation's future needs. So, while pools may be the byproduct of workforce planning, they can help your organisation prepare for and realise its workforce planning goals ahead of time.

What is a talent pool strategy?

A talent pool is a group of qualified and skilled candidates who can be your future hires for your business. It is that part of your recruitment strategy that focuses on filling positions that don't presently exist. In addition, it prepares talent acquisition professionals for demand by adopting proactive recruitment instead of reactive.

By Chris Smith

29 Dec 2022 · 3 min read

Founder of GoHire, dedicated to simplifying hiring for SMBs across the globe. Passionate about tech, SaaS, business, and recruitment innovations. Always up for a chat about the latest in our field. Let's connect!


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