In a market where technology evolves at breakneck speed and workforce expectations shift rapidly, the demand for skilled talent continues to outpace supply. By 2030, a global talent shortage of 85 million workers could cause $8.5 trillion in lost revenue (Korn Ferry study). For businesses, filling talent gaps isn’t just a challenge—it’s a race against time. To stay competitive, companies need innovative solutions beyond traditional hiring methods.

Talent on Demand has emerged as a solution, offering a streamlined, efficient way to build and manage a contingent workforce.

What is Talent on Demand?

Talent on Demand is a recruitment strategy where companies tap into their own brand power and existing talent pools to engage contingent workers. Instead of relying on external vendors, companies build a pipeline of pre-vetted talent—consultants, freelancers, and temporary workers—ready to be deployed as needed. This method strengthens the company’s employer brand while cutting costs and reducing time-to-fill.

Capitalizing on brand equity for enhanced contingent workforce hiring

Organizations can leverage the strength of their employer brand to attract and retain high-quality contingent workers. Talent on Demand allows businesses to tap into a pre-existing pool of talent, building stronger relationships with candidates while fostering a sense of loyalty and connection to the brand.

In recent years, organizations have embraced Talent on Demand as a strategic solution to streamline talent acquisition and strengthen their contingent workforce.

Why choose Talent on Demand?

As employers navigate an increasingly competitive market in their search for the right talent, Talent on Demand offers an innovative way to capitalize on brand equity to attract top candidates. It promises to deliver the next wave of productivity gains while meeting the growing demand for a stronger external workforce.

1. Cost efficiency
   Talent on Demand significantly reduces contingent talent costs. It helps optimize long-term recruitment investments, reduces recruiting time, enhances visibility into the hiring process, and ensures compliance —ultimately driving greater cost-efficiency.
   
2. Access to pre-vetted talent
   Talent on Demand provides access to a pre-vetted, niche talent pool, ensuring high-quality candidates. It connects you to strong talent communities, customized by location, job function, and title, increasing business flexibility and enabling a fully optimized workforce.
   
3. Faster time to fill
   Talent on Demand accelerates the recruitment process and reduces the time to fill. The development of curated talent pools of pre-vetted candidates ensures skilled talent can be quickly and easily re-engaged as needed.

Talent on Demand fosters a culture of continuous improvement, creating a virtuous cycle that benefits both enterprises and contingent workers. However, despite these multiple benefits, only 47% of organizations have progressed toward ‘mature’ program.

Elevate your talent strategy with Pyramid Consulting’s custom Talent on Demand program

Our white-labeled program leverages Hoonr, a proprietary talent pool featuring over 200K pre-vetted candidates. This enables you to create tailored talent pools that perfectly match your brand and hiring needs. Whether you’re dealing with high-volume or seasonal hiring, our solution offers a fast, cost-efficient way to attract top contingent talent, improve workforce planning, and reduce reliance on third-party suppliers. Let us simplify your hiring process and deliver substantial cost savings.

Contact Pyramid Consulting today to see how our Talent on Demand program can transform your talent strategy.