Velocity vs. Internal Sourcing
Building your own talent sourcing team may not be the solution for you...
Let's Talk About Why
Has your organization been thinking of augmenting your full-lifecycle recruiters with a sourcer or team of sourcers?
This strategy has been touted by TA leaders as the solution to all your recruiting challenges, including finding passive talent and improving the quality of hire.
In some cases this is true, but there is a catch: many leaders either underestimate or can’t get headcount approval for the number of sourcers they will actually need to make this strategy effective. Many organizations also underestimate not only the people hours but the cost of and access to the right resources and tools. This is where Velocity comes in. With over 20 years of experience in the sourcing space, we’ve truly seen it all. We have also recently witnessed a handful of large organizations attempt to build an internal sourcing team, only to watch the program fail and revert back to full-lifecycle recruiting...
We are here to answer why these internal teams fail - It's actually pretty simple:
There are many unforeseen pitfalls in building a sourcing team from scratch.
What are these pitfalls and why is Velocity a better choice? Let's break it down!
The Pitfalls of Building an Internal Sourcing Team
Realistic Bandwidth Needs
The number one reason why internal sourcing teams fail is simply not being able to meet the demands of the business. Many leaders either dramatically underestimate or can’t get headcount approval for the number of sourcers they will need to make this strategy effective so they “take what they can get” and hope for the best.
Partnering with Velocity
Over the last 20+ years Velocity has created the ultimate process on how to get candidate sourcing right, without cutting corners. Each and every req Velocity supports already has an entire team behind it. No need to worry about internal headcount or finding the right internal sourcing talent.
Understanding Modern Sourcing
At the surface level, sourcing today may seem like just “finding the right talent on LinkedIn”. This is not sourcing. And in today’s digital information age, "finding" talent is not the biggest challenge, engaging that talent is.
Partnering with Velocity
Velocity is much more than your traditional sourcing arm -- We have a data team to find unpublished contact information, recruiters who reach out to candidates via phone/email/text, and a recruitment marketing team that handles all electronic messaging. We won't just send you outdated resumes or LinkedIn profiles; Velocity's sourcing process is built to connect you with Qualified, Available, and Interested candidates.
Variability in Req Loads
Let’s face it, recruiting is dynamic. Req loads go up and they go down in every market. With that, it doesn’t make fiscal sense to build a team around the highest req loads and pay sourcers to wait around during the slow times. Naturally, TA leaders are forced to workforce plan around averages. This means right out of the gate there are going to be times where a little or a lot of extra bandwidth is needed.
Partnering with Velocity
We are on-demand and a variable cost! Now more than ever our clients are worried about the uncertainty in the market. No one wants to hire a team only to lay them off in a few months. With Velocity you only pay for support when you need it. Easily turn Velocity on to support as many reqs as you need and just as easily turn us off, not wasting budget dollars when times are slow.
Expertise
The role of a sourcer is often perceived as an entry level role, a stepping stone to a full-lifecycle recruiter role. And if you are looking for experienced sourcers, you should expect a high price tag.
Partnering with Velocity
Partnering with Velocity means your organization automatically gains access to our decades of experience and honed expertise across nearly every industry and role level. No need to worry about variable salary/benefit costs or training time with an army of experienced sourcers and recruiters behind you.
Cost of Tools & Resources
Hiring your sourcers is just the beginning of your costs. You will also need to invest in and provide them with the right tools and resources to be effective. With big $price tags$ per seat.
Partnering with Velocity
We hold all licenses for expensive sourcing tools like LinkedIn Recruiter, have access to unique job boards, and various different DEI resources and partners. We also invest in expensive tools to find personal contact information and separate your recruiting message from the
And don't forget about...
Training
Partnering with an existing resource bypasses the need for training on your organization, the various roles available, and how to effectively sell your position to qualified candidates. In essence there is zero disruption and immediate results as Velocity becomes the experts on you for the marketplace.
Managing
In addition to adding headcount for sourcers, you'll need to have someone manage them. Partnering with Velocity means we manage our recruiters, not you. The hours spent managing and providing on-going development can be a lot more than organizations anticipate and as many of us know, the cost of having a bad hire can be staggering.
Turnover
Let's face it, turnover is inevitable, and when you lose a sourcer you lose their knowledge and network too! Partnering with Velocity, all of that historical knowledge is always with us and each pipeline we develop is stored in Resflex for your long term use (as in... forever)!
...And that's why these brands trust Velocity for their sourcing success!
