Unveiling Opportunities: The Importance of Candidate Market Research
Gathering information on candidates potentially suitable for the company provides a more systematic approach to talent management.
- Strategic Workforce Planning
Talent Mapping allows companies to strategically plan their human resources. By analyzing the current workforce and identifying gaps in skills and experience, companies can anticipate hiring needs in advance. This pre-analysis helps to make the recruitment process more efficient and aligned with the company's strategic goals.
- Enhancing the company's competitiveness in the labor market
Through Talent Mapping, companies are able to capture the attention of potential candidates before they even start looking for job opportunities. Being in touch with candidates in advance also speeds up the hiring process because companies already have an idea of the right talent.
- Reducing hiring time
Talent Mapping can significantly reduce recruiting time through a more efficient and targeted approach. By identifying candidates in advance that match the company's requirements, vacancies can be closed more quickly. This is especially important in a fast-paced business environment where agility is integral to success.
- Optimize hiring costs
Analyzing the market and candidates in advance allows companies to focus their efforts and resources on the most promising candidates, avoiding the cost of unnecessary search processes.
Talent Mapping is a tool that allows recruiting companies to effectively adapt to rapidly changing market demands and provide their clients with talented employees. This service transforms the hiring process, making it more strategic, efficient and adaptive.
Let us share with you a recent project for our client in the pharmaceutical industry:
A Western manufacturing company approached us with an urgent task - to conduct research on the position of Director of Quality. The objective was to assess the market potential for a decision to replace the current employee.
The research report was completed in 10 working days and contained a list of 41 candidates for the position of Quality Director/QA Head from 28 companies.
Data in the report contained the following basic and additional parameters: company, full name, contact information, location, structure of subordination, current income level, salary expectations at transition, willingness to relocate, as well as analytical summary and our conclusions about current trends.
The key findings served as an important source of information for making a management decision . Based on the results of the study, a search for a candidate was initiated a few months later with assistance of ANCOR - we worked on candidates from the Talent Mapping list as well as from other sources. The position was successfully filled by a candidate from ANCOR.
Yulia Erygina, Talent Mapping Product Manager, ANCOR