LinkedIn will be launching a new service called Talent Pipeline that focuses on helping job recruiters find and place job seekers. The recruitment process used by many recruiters of major companies involves hours of endless activities of gathering resumes from multiple services and communicating with potential hires. The design behind Talent Pipeline is to streamline all the job recruiting fundamentals into a single database of information that can be searched, organized and monitored.
The service lets recruiters tap into any source (job postings, personal referrals and more) to import leads and resumes. The imported data is then organized using tags, status updates and custom search reports. Talent Pipeline also matches all recruiting data within LinkedIn’s database of profiles, so the process of assessing potential hires is much easier as well.
According to LinkedIn, recruiters can use Talent Pipeline to fill positions in-house while also making it easier for current employees to discover new promotion opportunities. The company is working with recruiters from several large businesses to develop and perfect the service.
LinkedIn has been interested in tapping into recruiting industry for some time. Its Hiring Solutions brought in $58.6 million revenue in the second quarter of 2011 – 48 percent of LinkedIn’s total revenue.
In June, according to SocialBeat, the company released a new plug-in allowing job seekers to apply for available positions directly on an employer’s website.
Talent Pipeline will be available in the first half of 2012, and the cost of the service has not been released yet.