A Candidate Pipeline refers to a pool of qualified individuals who have either applied for jobs within your organisation or have been sourced as potential candidates for future job openings. The pipeline allows you to have a ready list of candidates that you can reach out to when a new position opens up, thereby speeding up the recruitment process.
Suppose you are in the tech industry and frequently need software developers. Even when you don't have an immediate opening, you keep a list of promising developers who have either applied in the past or have been referred to you. When a position becomes available, you can quickly reach out to candidates in this pipeline, reducing the time and effort needed to fill the role.