LinkedIn, which recently surpassed more than 150 million members, unveiled its new Talent Pipeline designed to help recruiters keep up with the latest staffing trends and consolidate prospective candidates into one place.

Talent Pipeline, which will be included for free under LinkedIn's Recruiter product, helps hiring managers keep up with the immediacy of hiring needs, according to a release from the social media site. The program allows these individuals to expand their search to passive candidates, who may not be actively seeking employment.

"With the rise in sources of passive talent, recruiters need a simple and intelligent way to grow, track, and stay in touch with their talent pipeline," Parker Barrile, head of products for LinkedIn Hiring Solutions, said in the release. "We're dedicated to building best-in-class products to help recruiters connect talent with opportunity worldwide, and Talent Pipeline is the next step."

The new tool will prove useful to hiring managers at companies of all industries and sizes, as a recent CareerBuilder survey found 37 percent of human resources professionals utilize social networks to research prospective employees.