HR Glossary
Talent Pool

Talent Pool

Updated on:
August 22, 2022


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Table of Content

What is the talent pool?

A talent pool is a database of all of the potential candidates for a potential job candidate, The company will filter potential job candidates based on qualifications, experience, and skills.

This is helpful when recruiting because the company already knows what type of candidate they are after.

A talent pool is a collection of specialized individuals or businesses, possessed of considerable experience, which a company can choose to recruit as it matches its specific requirements.

A talent pool acts much like the employment agency function, in that it fills vacancies and recruits employees for short-term or long-term contracts, The talent pool is a valuable resource in recruiting.

Many companies have talent development offices in which they have a pool of potential employees, The talent pools that a company has access to are dependent on its business location and the nature of its business.

What is talent pool value?

A talent pool’s value is derived from its ability to respond rapidly to business needs and to assist companies in expanding into new areas or markets.

Why Building a Talent Pool is Important and How to Get Started?

The talent pool is an important part of any business because it provides the business with a group of people who have the skills and abilities to do the work that needs to be done. Without a talent pool, businesses would have to spend a lot of time and money training employees to do the work that needs to be done.

The steps of how to successfully build one:

  • Build a good company profile
  • Inbound recruiting Marketing and branding
  • Sourced candidates