Direct sourcing solutions (Hyderabad)

Direct sourcing solutions

What is Direct Sourcing? Direct Sourcing is a method of sourcing contract workforce by leveraging the modern-day talent acquisition processes and techniques. Commonly used within the indirect procurement function by the procurement department, typically responsible for acquiring indirect goods and services. In this case, it includes acquiring third party labor or non-employee services through Staff Augmentation. Usually, large enterprises use one of the many names for these programs, namely, contingent labor programs contingent labor programs also known as contingent workforce programs or non-employee or 3rd party labor programs, or Flex or On-demand talent programs. In the staffing industry, it is used as an alternative sourcing approach in addition to traditional staffing suppliers for sourcing talent. While this is not a new process in the talent acquisition industry, contingent programs are a bit backlogged as compared to the HR and HRTech industry which have witnessed major modernization in the past two decades. Every enterprise has a talent acquisition team that relies on an Applicant Tracking System (ATS) or other HRTech platforms to attract and engage talent directly for direct hire/full-time roles. Historically, this contract talent or temp labor sourcing was acquired/ managed through staffing agencies that are managed by a program management team internally or outsourced externally to a managed service provider (MSP). Define Direct Sourcing? A common analogy we use at WillHire is ? ?Direct Sourcing is what Netflix is in the entertainment industry?. No contingent program manager likes to be a Blockbuster story while not attempting to modernize their program. Direct Sourcing is a result of applying Design Thinking & Digital transformation to a contingent program. With these being unprecedented times, Direct Sourcing has become the new normal and accelerated its need multifold for enterprises to build better predictability and bring cost savings into the organization. It gives an ability for enterprises to source temporary labor or contract talent directly thereby reducing the dependency on staffing suppliers. Clearing Assumptions and Busting Myths ? What Does Direct Sourcing Entail? There are too many assumptions, confusions, and myths around direct sourcing. Let?s look at the key takeaways for enterprises that clarify what direct sourcing could do for them: ● Potential cost-saving: Direct Sourcing has proven to be significantly cheaper than traditional staffing agency markups ● Leveraging Employer Branding: To create a great candidate experience and attract good quality talent ● Building and Nurturing Private Talent Pools: To fulfill the current and future needs of any organization ● Reducing Time to Fill: By using a pre-vetted private talent pool ? ready to hire ● Talent Diversity: Measuring and managing talent diversity within the contingent labor pool Now let?s talk about what direc