Following up from
yesterday’s post about sourcing channels, it sounds easy enough to identify sourcing channels that aren’t serving us well. The harder part is making the decision whether to migrate from the channel completely for a given position family. This is an especially timely decision given that attraction and sourcing activities take up more than a third of the overall Recruiting budget when cost efficiency is more important than ever.
In general, use two-part test to guide your decisions:
- Is the channel performing at least at an average level on quality-, speed-, and cost-related measures?
- Does the channel have potential for improvement across any of these measures?
If you answer “no” to both questions, discontinuing use of the sourcing channel may be a smart decision.