4 Reasons Why Your Finance Firm Needs a Large Talent Pool

July 9th, 2019

How big is your talent pool? The odds are not big enough. In fact, Toronto finance recruiters say the larger the better. The more qualified professionals you have within your talent pool, the easier it will be for you to connect with people when you are looking to fill a role within your organization.

A talent pool can take on many shapes. It can be one large pool, or it can be broken down into specific segments and organized in any way that best helps your firm find, identify, and recruit finance and accounting talent.

Toronto accounting recruiters outline four of the top reasons why you need a larger talent pool:

1. Candidate Identification

Having a constant supply of candidates in your talent pool will help you quickly identify candidates now when you are actively looking. It will also help you identify future candidates before there is a hiring need. You can use your talent pool to map candidates to potential openings or even create a new position for the right person.

2. Improved Candidate Experience/Engagement

Broadening your talent pool allows you to build and foster more relationships with industry talent. Even if you are not currently hiring, maintaining a channel of communication keeps your company top of mind, and if you provide a good experience, people will want to work for your company.

3. Time Efficiency

A larger talent pool allows your company to always be recruiting. It allows you to be proactive and saves you time when an opening arises. You save the step of trying to build a talent pool for a vacancy. You already have the talent, you just need to segment your talent pool based on the needs of the job. This will help you recruit quicker and more efficiently.

4. Reduction in Recruiting Costs

Operating lean is important. You can keep your recruiting costs lower by first searching your talent pool before investing in more far-reaching, and costly, recruiting efforts. If you identify a candidate in your talent pool, you can save on costs such as marketing and advertising the open role.

More Recruiting Tips for Finance and Accounting Firms

Looking to connect with more talent in the accounting and finance industry? Check out these blogs from Toronto finance recruiters for actionable tips to recruit and hire better:

4 Things to Do When You Lose a Top Employee

3 Insider Tips for Landing Your Ideal Job in the Finance Industry

3 Innovative Recruitment Methods to Consider for Finance and Accounting Firms

 


IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across the country. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Executive Search / Board & C-Suite, Technology, Media, Digital & Marketing, Accounting & Finance, Financial Services & Insurance, Cannabis, Startup, Data Science, Consumer, eCommerce & Retail, Operations & HR, Manufacturing, Supply Chain & Engineering, Legal & Professional Services, Pharmaceutical & Life Sciences, Non-Profit & Sustainability, and Sales. IQ PARTNERS has its head office in Toronto and operates internationally via Aravati Global Search Network. Click here to view current job openings and to register with us.

Stephen Lecker

Stephen is a Sr. Director and Practice Lead in the Accounting and Finance group. In 2011 Stephen purchased The London Group, and over the next several years built a small team and became a go-to recruiter for several mid-sized accounting firms. In 2016 the London Group merged with IQ PARTNERS, allowing Stephen to grow his accounting and finance recruitment practice under the umbrella of IQ PARTNERS.