As the owner of a business, you’ll know how hard it is to find the right people to take your business further. Often, this is because hiring is often done in all the wrong ways. A key part of finding star talent to join your business is to start the process much earlier than you need to, by building a strong talent pipeline – also known as a Virtual Bench. But what is a virtual bench, and how do you go about building one?
What is a Virtual Bench?
A virtual bench is the concept of building a pool or pipeline of strong, A-player talent before you need it. Like sports coaches in team sports who always have players on the bench that are ready to play when needed, you too, need to have a pool of people that can fill new spots and substitute existing players on your team when necessary. A virtual bench is about ensuring that you don’t only think about hiring when the need arises – as doing so can have painful, costly effects on your business.
Always be recruiting, even if you don’t yet have a position to fill.
How to build a Virtual Bench of A-player talent
1. Use your existing contacts
Go through your existing contacts – on your phonebook, on LinkedIn, etc. and shortlist, from your past experiences, which of them are A-players that you would like to have working with you one day.
- Keep in contact with the people on this list – let them know that you believe they are talented and have a great attitude, and that you are always looking for great people to join the business. Make an appointment to meet with them to discuss where they are in their careers and what their future plans are. Use this meeting to get to know them even more, and unearth possible synergies where you could potentially work together in future.
2. Keep an eye open at social functions and networking events
Use regular social interactions to identify people you could work with one day. Speak to the people you meet about what they do and about their future plans. Also ask mutual friends or acquaintances about your new contacts, so that you have a clearer picture of who they are. Then keep in touch to nurture your relationships with them.
3. Work with your marketing team
Most of the support you need when building your virtual bench should be from your marketing team and not necessarily your HR team.
Sit down with your marketing team to see what content and campaigns they can run to attract the right people to your business. A-players are attracted to organisations that have a clear mission, distinguishable energy and drive, as opposed to merely seeking a job and a regular paycheck. So, create content that portrays:
- Who you are as a business and what you stand for
- Who your customers/clients are
- The wins you are getting
- What the working culture is like in your organisation
If you think about hiring in this forward-thinking manner, you’ll be sure to not only prevent a scramble when you need new talent to join your business, but it could help you prevent a lot of costly mis-hires.