Just say the term 'Strategic Sourcing' and you're bound to strike fear in the heart of the Internal Recruiter that already has enough on their plate. However, study after study suggests that a company's ability to create and sustain competitive advantage is directly correlated to the organization's level of talent. So how does an organization balance its need to increase Quality-of-Hire (QOH) with its Time-to-Fill (TTF), Cost-to-Hire (CTH), and other key metrics that often seem to push and pull against one another?
- Agency and direct-hire fees have been rising and we’d like to better manage them.
- We know there are better candidates out there, but we often have a hard time finding and attracting them.
- High-priority candidates that are proven top performers and mesh with our culture well fall out of our hiring process inexplicably or randomly.
- We’ve lost several hires to competitors vying aggressively for the same talent.
- Upper management is feeling the talent crunch and it’s often a key topic of discussion with HR and Internal Recruitment.
- We know that QOH (Quality of Hire) can improve at our organization.
At LG & Associates, we know that competitive advantage is maintained and harnessed through our ability to recruit, engage, develop, and retain our biggest asset: human talent.
Our Strategic-Sourcing Framework (SSF) allows us to assist you in not only determining which talent resources are most pivotal to your organization, but also the “where” and the “how” of finding them and attracting them to your employment value proposition. After we identify and develop plans to attract and capture the passive talent that has been eluding your recruiting efforts, we fully align your organization to execute the plans in a powerful, unified fashion.
A key multinational client with 46,000 employees and 1,000 offices worldwide has reported a substantial increase in QOH over the last 6 months (21 basis point improvement on a scale of 1 – 100). Agency fees have been reduced 25% percent over the last 6 months (compared to 6 month averages ranging from Q2 2004 to present, Q4 2007).