It’s Time to Get Req-less – The New Paradigm for Building the Candidate Pipeline

 Traditionally, most companies start the talent acquisition process by opening a job requisition. Corporate recruiters and HR professionals work diligently with hiring managers to define job requisitions and post these openings to job boards as well as the company’s own online career site.

With rising unemployment numbers, more job seekers are heading online to search for employment, but unfortunately candidates are hitting a dead end because of the drastic reduction in open jobs (requisitions) that are available on corporate Web sites, and without any alternative method besides applying for a particular job, both candidates and hiring companies are losing out on an opportunity during this recession. In fact, according to the most recent National Online Recruitment Audience Survey (NORAS) the number of online job seekers has risen 50% over the last 12 months. However, as the economy continues to falter, hiring at many organizations is increasingly selective and anticipatory, forcing a ground-breaking paradigm shift in building the candidate pipeline.