9 Steps to Build and Manage a Top Talent Network

By MBO Partners | October 12, 2022

Share
group consultant zoom

Building a network of independent talent is a key component for success in today’s market.

First focus on curating a top talent network to attract high-value independent talent.

Second focus on building a talent community that motivates that talent to keep engaging with your enterprise.

Your next top-performing worker may be an independent contractor, perhaps on the other side of the world. 

Building a network of independent talent is a key component for success in today’s market. Remote work options, including digital nomads, have expanded the pool of available independent professionals with the expertise and knowledge needed for virtually any role.  

A key to attracting independent talent and becoming a Client of Choice is the establishment of a contingent workforce management program. These nine steps can help create this program and form a valuable talent network. 

1.   Revamp Your Engagement Processes 

Put your company ahead of the competition for top independent talent through up-to-date processes.  Create a clear and concise statement of work (SOW) for every engagement. Make sure your SOW clearly defines expectations, describes the role, notes rate and terms, gives the timeline of the projects, and lists deliverables that the contractor will be accountable for providing. Create a simple, streamlined onboarding process for independent contractors and update policies to accommodate different contractor work types (such as a digital nomad policy). 

2.   Make Your Company Attractive to Independent Workers 

Build an employment brand that helps build a top talent network. The minimum for success is providing a streamlined engagement process, offering competitive payment terms, and demonstrating a culture that values project-based engagement. With competition for top talent getting fiercer by the day, think about offering additional opportunities to contingent labor. These could be simple, like adding a contractor channel to your real-time chat server. Or you could consider higher value perks like webinars focused on career development specifically for independent professionals.  

3.   Use Direct Sourcing

More and more companies are using technology to source and manage their independent talent. Many are moving to direct sourcing to engage all or part of their contingent labor. Direct sourcing eliminates the fees and timelines of traditional staffing solutions and allows hiring managers to access a wider range of candidates. Once an independent professional has been identified, their information is stored in a private, front-end marketplace like the MBO marketplace. This online platform allows an organization to build its own talent network of the best contract workers. It connects independent contractors with projects. Network members can create a profile, update their availability, and find or be matched to opportunities with your company. A back-end system handles invoicing, payment, and compliance vetting.  

4.   Dedicate Resources to Build Your Talent Network

Assign a team (or at a minimum a point of contact) that has recruiting experience to focus on building your talent network. The team can work alongside hiring managers to find and vet candidates for needed roles and can be the central communication hub for both management and independent talent. With their knowledge of network members, this team can anticipate independent talent needs for upcoming projects and make recommendations to managers.  

5.   Cast Your Net Creatively

Take a multi-pronged approach to find candidates for your talent network. In addition to online talent marketplaces, look for independent professionals through: 

  • Referrals from employees 
  • Job candidates who weren’t hired for the positions they applied to 
  • Retirees 
  • Social media sites, particularly LinkedIn (in fact, you can post openings for contract positions) 
  • Connections made at conferences and networking events

6. Look for Independent Professionals Who Add Value 

Identify and recruit independent professionals with the in-demand skills you are looking for and who fit your company culture. Having this type of talent on your roster can help quickly develop new lines of business, open new markets, and increase speed to market. Consider having your HR staff mentor hiring managers to help put good talent identification, vetting, and selection practices in place. 

7.   Set a Standard Interview Process

Implement interview procedures to be followed for each new candidate and, if needed, for follow-on projects. Review a candidate’s portfolio prior to the interview and use a standard set of interview questions. Include questions that pertain to the scope of the project and how the candidate’s skills match. Additionally, include questions that can shed light on the candidate’s soft skills and fit into the company culture.  

8.   Create a Review Process 

Consider assessing the performance of independent talent. For example, allow hiring managers to post feedback on independent workers for other managers to review. Use a review process that looks beyond deliverables to the communication, organization, and teamwork that independents bring to the table. This can help identify the top performers in your talent network and provide information about them to other managers who might need their skills. 

9.   Keep High-Performing Talent Coming Back 

Keep your best independent talent engaged by giving them consistent work opportunities. Look for ways to use members of your talent network on short- and long-term projects to help you become their Client of Choice. Stay in touch with your network through regular communication. For example, share company news, profile network members, or spotlight projects seeking contract help. Stay up to date with trends and new directions in the independent talent market so that you can update your policies and programs as needed to continue attracting the best talent. 

Focus on curating a top talent network to attract high-value independent talent, then on building a talent community that motivates that talent to keep engaging with your enterprise. Make this part of your workforce strategy and you can get the best expertise and knowledge ahead of the competition. 

Helping you attract and engage top independent talent is what we do best. Get in touch with us today to learn more. 

Related Posts

Team made up of employees and independent professionals

7 Best Practices for a Scalable Contingent Labor Workforce Program

A blended workforce, combining full-time and independent talent, offers strategic opportunities for business growth. Staffing flexibility, the ability to compete for in-demand skills, and improved speed to market are some of the results that can be achieved with a well-integrated contingent labor program. It’s not unusual for a company to start small when integrating independent…

Read More...
Leading a meeting

How Big and Small Companies Can Innovate During A Recession  

Open innovation answers all the leftover problems that companies can’t solve during even the best of times. Economic downturns flash a light on the need for these solutions. Companies are most familiar with attracting employees and contingent workers. However, problem solvers can fit into those gaps left by a traditional workforce. Large corporations are more…

Read More...

6 Ways to Boost Independent Contractor Retention

Employee retention is an important part of maintaining a streamlined, productive workforce. Enterprises want to hold on to their top performers—the same strategy should apply to independent contractors as well.  More than ever before, companies are relying on independent talent for the in-demand skills and professionalism they provide. Independent contractors bring on-demand expertise, staffing flexibility,…

Read More...

Trending

Tags

Learn more about the MBO Platform

FOR INDEPENDENT
PROFESSIONALS

Start, run, and grow

your independent business with MBO

FOR
ENTERPRISES

Engage, scale, and optimize

your independent workforce