Sourcing the right talent

TALENT marketplaces are essentially “matchmakers” that connect large businesses with the right type of talent for their immediate project or contract role needs.

- JOHANN VAN NIEKERK

Choosing the best talent marketplace is key to successcul hiring.

(Freepik)

There are many types of talent marketplaces offering an array of services. Understanding what they do and how they work is key to getting the most out of the talent matching process.

Permanent recruitment

When it comes to traditional recruitment for permanent roles, a company can do one of three things — they can advertise the role themselves, rely on recruiters or use a job portal. On the face of it, doing it yourself might seem like the more cost-effective option, but it is estimated that the cost of a bad hire can be anywhere between five and 27 times the person’s salary.