Page of People

Executive Summary

Talent pools and candidate database systems are becoming more prevalent in Australia today due to a number of reasons. These include continued pressure to reduce candidate cost per hire, reduce time to fill, and target leaders for the future. As a result recruitment teams are becoming more strategic, looking to longer term solutions to achieve this ongoing return on investment. Candidate databases for recruitment are one method to achieve these returns, and when a fully functional candidate relationship database is implemented with a supporting recruitment process, the reduction in sourcing costs can be around 25-50%.

A two year study of Australia's Top 100 companies by employee number was conducted to establish their approach to talent pool management for external recruitment purposes. In total, of the 75 companies that participated in the study 43% had a talent pool by the end of year two. Of those organisations without talent pools, one third of these companies recognised the importance of building a candidate database and were planning to implement technology to do so within the next 12 to 18 months. By the end of 2007 talent pool adoption is predicted to be 63%.