FINAL WORD
Are talent marketplaces a solution for IT skills shortage ?
Talent marketplaces are matchmakers , connecting large businesses with the right type of independent talent for their immediate project or contract role needs . Understanding how they work is key to getting the most out of the talent matching process , explains Johann van Niekerk at Outsized .
Not all talent marketplaces are created equal and treating them as such can be a risky move . Choosing the right talent marketplace can be the difference between a team that thrives and a costly business mistake .
Talent marketplaces are matchmakers , connecting large businesses with the right type of independent talent for their immediate project or contract role needs . There are many types of talent marketplaces , offering an array of services . Understanding precisely what they do and how they work is key to getting the most out of the talent matching process .
Take the following scenario which many hiring managers know all too well . A team member resigns with one month ’ s notice – but it takes two , three months to get the go ahead for a new hire , interview and appoint a new candidate who then also needs to serve out their notice . In the meantime , the rest of the team is under pressure , taking on additional work .
In this scenario , hiring managers have a few options which present various pros and cons .
When it comes to traditional recruitment for permanent roles , a company can do one of three things – they can advertise the role themselves , rely on recruiters , or use a job portal for permanent hires . On the face of it , doing it yourself might seem like the more cost-effective option but it is estimated that the cost of a bad hire can be anywhere between 5 and 27 times the person ’ s salary .
74 INTELLIGENTCIO AFRICA www . intelligentcio . com