Talent Analytics: The future of business growth

The Staffing Stream

As labor markets change, and the demand for skills grows, businesses need to work smarter and more strategically to define talent acquisition in a post-Covid world. Through these testing times, talent analytics has grown exponentially.

What is Talent Analytics and How Can You Start Using It? (With Examples)

Contract Recruiter

When your marketing team pushes sales on your audience, they use analytics data to determine the most effective form of messaging. When your website is being optimized, your developers use analytics to determine what changes bring in the most traffic. Enter Talent Analytics.

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Announcing Recruitee Reports: Leading Talent Analytics in Recruitment Tech

Recruitee

After all, the most important element in growing any business is acquiring the very best talent. As a result, we at Recruitee have decided to build some of the most advanced data analytics and reports, to help bring about change in the future of data-driven recruitment. Or your main sources have more unqualified candidates than you first thought. Which source gives the best candidates? The field of recruitment tech is constantly changing.

Introducing: Talent Analytics For Dummies, Glassdoor Special Edition

Glassdoor for Employers

employer spends about $4,000 and 52 days to hire a new worker (Bersin by Deloitte Talent Acquisition Factbook 2015). If you’re in HR, recruiting or talent acquisition, do you know your own organizational cost-per-hire (CPH) and time-to-hire by department, title or recruitment channel? From setting realistic hiring goals and determining the most profitable job boards to decreasing your time-to-hire, studying the data behind your hiring efforts— talent analytics —can help.

How to Add Talent Analytics To Your Recruitment Strategy

Ideal

unemployment rates below 4% according to the BLS, recruiters today are working harder than ever to find top talent. The last thing recruiters need is to waste their time pursuing the wrong recruitment sources for candidates. This is just one area in which talent analytics plays a huge role in improving the speed and quality of a recruitment team. Here are 7 areas you can use talent analytics to improve your recruitment strategy. Identify talent gaps.

Why You Need to Invest in HR Tech and Analytics Now | ClearCompany

ClearCompany Recruiting

ClearCompany believes in the importance of using insightful HR data and modern technologies to assist with decision-making and talent management. Please properly credit the source of the statistic (linked) when using it in your own work. Source ). Source ). Source ).

Oldie but Goodie: The Time for Talent Analytics in Recruitment is NOW

SmashFly

Talent Analytics is one of the biggest trends in today’s HR. And while I could write more about this, I think it’s a better use of our time to point to Josh Bersin’s great article before we begin, “Big Data in Human Resources, Talent Analytics Come to Age”. This article will focus on where Talent Analytics fits in your recruiting strategy and some insights into what you should be looking for. Why Recruitment Marketing Analytics?

Jobvite & IDC: Jumpstart Your Talent Analytics

Jobvite

The world is rapidly changing, and nowhere is that more obvious than in Talent Acquisition, which is evolving from a cost center to highly impactful business driver. In fact, organizations with highly optimized, highly competitive recruiting functions are doing so by leveraging talent analytics. What are Talent Analytics? But first, what do we mean by talent analytics? The simplest definition is this— the measurement and analysis of talent data.

Jobvite & IDC: Jumpstart Your Talent Analytics

Jobvite

The world is rapidly changing, and nowhere is that more obvious than in Talent Acquisition, which is evolving from a cost center to highly impactful business driver. In fact, organizations with highly optimized, highly competitive recruiting functions are doing so by leveraging talent analytics. What are Talent Analytics? But first, what do we mean by talent analytics? The simplest definition is this— the measurement and analysis of talent data.

4 challenges facing recruiters in 2021 (and how to overcome them)

Social Talent

Whether it’s elusive candidates, irritable hiring managers or fruitless sourcing campaigns, it can be a very demanding role. Times are tough and moving jobs is scary even for top talent. . Well, HBR thinks that talent is still worth fighting for.

Oldie but Goodie: Source of Hire & Candidate Touchpoints

SmashFly

Two weeks ago (2011) I wrote a post on accurately measuring “Source to Hire” through your ATS & job distribution technology and received the following interesting comment from Master Burnett: There is rarely a single source of hire in today’s hyper connected reality. Single source of application maybe. A single source of hire is unrealistic in today’s recruiting environment. Source to Hire OR Source of Application? Sourcing & Recruiter Engagement.

How To Calculate Your Cost-Per-Hire

Glassdoor for Employers

Cost-per-hire is arguably the most important metric for talent analytics. Talent Acquisition calculating cost-per-hire Cost Per Hire Glassdoor source of hire talent analytics talent analytics for dummiesWhen you know your cost-per-hire, you can better determine where to invest.

How Building Out a Talent Analytics Function Saved LinkedIn Recruiting Considerable Time and Money

Linkedin Talent Blog

As a result, the Talent Acquisition team was under intense pressure to source better and faster. That’s when Talent Acquisition decided it was going to have to get more analytical to stay ahead and engaged our newly formed Talent Analytics team. Because we were able to predict staffing needs, we saved the company 15% of its recruiting budget in our first year, which covered the cost of the investment in our Talent Analytics team for more than 4 years.

Reduce Hiring Mistakes With the Right Metrics

IBM

Source: WorkTrends 2013/2014 HR leaders and hiring managers (n=6,202). Source: WorkTrends 2013/2014 HR leaders and hiring managers (n=6,202). Learn more about IBM Talent Acquisition Suite. Featured Carousel Talent Acquisition Talent Analytics recruitment talent talent acquisition talent analyticsHiring the wrong person can be a very expensive mistake.

Loblaw Shares Culture Journey at IBM HR Summit

IBM

At the IBM HR Summit in Boston last week, Fran Hansen, Vice President of Talent at Loblaw Companies, shared the company’s culture journey after it acquired Shoppers Drug Mart in March 2014. She added, “Culture can be a source of competitive differentiation. Hansen noted Loblaw is using IBM’s survey technology , Talent Insights and application tracking system. “We Events Talent Acquisition Talent Analytics IBM HR Summit talent acquisition talent analytics

Moving Towards Continuous Listening – What the Future Holds

IBM

Advancements in text analytics were also cited by panellists as a welcome technological development. Using open-ended questions provides rich data that is much easier and quicker to analyse using robust text analytics solutions. Analytics moves beyond HR. One of the exciting areas of development in continuous listening discussed in this session concerned analytics. Employee Engagement Featured Carousel Talent Analytics employee engagement SIOP talent analytics

Discover the Sweet Spot for Cognitive HR

IBM

Consider the case of a manager who is looking to fill an internal role: A cognitive system could look at various data sources, including a candidate’s professional experience and previous performance, and then further analyze the candidate against the characteristics of other successful job holders to determine if he or she would be a strong fit for the organization. The post Discover the Sweet Spot for Cognitive HR appeared first on IBM Watson Talent.

5 Biggest Challenges Modern Recruiters Face

Social Talent

Source: Gratisography. Hiring the right candidate has never been more important as a company’s ability to find, attract, and ultimately recruit skilled talent is going to determine how successful they are in meeting their business growth objectives. Talent acquisition is now firmly on the agenda of chief executive officers (CEOs) and business owners across the world. Therefore, investing in a strong employer brand will give you a major advantage in attracting top talent.

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A Look Ahead at Mid-Market Research 2016 / 2017: Reigniting the Effectiveness of HR

Bersin

Diversity & Inclusion HR & Talent Analytics Human Resources Sourcing & Recruiting Talent Acquisition D&I HR Mid-Market People Analytics SourcingThe mid-market[1] is thriving in the United States with nearly 200,000 businesses employing approximately 47.9 million people.[2]

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Moving Towards Continuous Listening – What the Future Holds

IBM

Advancements in text analytics were also cited by panellists as a welcome technological development. Using open-ended questions provides rich data that is much easier and quicker to analyse using robust text analytics solutions. Analytics moves beyond HR. One of the exciting areas of development in continuous listening discussed in this session concerned analytics. The post Moving Towards Continuous Listening – What the Future Holds appeared first on IBM Watson Talent.

5 Recruiting Challenges for 2015

Glassdoor for Employers

Finding talented needles in a haystack is becoming harder and harder. So how do you find quality talent today and stand out from the competition? What analytics should you look at to measure success? Here are five recruiting challenges for 2015 and how to overcome them: Challenge #1: Talent Analytics. Analytics Checklist: Cost-per-hire. Source of Applicants. Recruiting has changed — dramatically.

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20 People Analytics Case Studies – Part 1

IBM

In the not too distant future, analytics will become a core component of HR’s standard practice. I’ve seen at first hand over the last 12 months that interest levels in people analytics are soaring. In my view the primary reason for this is that HR as a whole is still struggling to get to grips with analytics and the wider need for the function to adopt a more data-driven approach to the work it does. Where else to start, but with the poster boy of all things analytics in HR.

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5 Marketing Trends Shaping The Future of Recruitment

Social Talent

But today, employers are increasingly using consumer marketing techniques to attract top talent. In fact, according to our 2016 Global Recruiting Survey , we found that 37% of respondents said that social media is the primary source of finding candidates. Today, the scarcity of talent has put employer branding at the centre of company employment strategies and involves creating an image of employers as being great to work for in the minds of the target candidate pool.

Hiring In and For the Future: The Keys to Talent Acquisition are Engagement and Retention

SkillSurvey

In an HCI webinar earlier this year, Talent Analytics: Turning Reference Checking into a Strategic Asset, Ryan Cook, Global VP of Talent Acquisition for CH2M was one of three hiring leaders who shared insights, challenges, and high priority initiatives. – Finding Passive Candidates can be Key in a Competitive Talent Market. The post Hiring In and For the Future: The Keys to Talent Acquisition are Engagement and Retention appeared first on SkillSurvey.

Top Ways Companies Are Measuring Their Diversity and Inclusion Progress

Linkedin Talent Blog

Employee engagement surveys can also be a useful source of metrics that look beyond representation. “We Make sure your company looks not only at hiring, retention, and promotion numbers but at how managers mentor, sponsor, and otherwise develop diverse talent.

Why Quality Matters Now More Than Ever for Staffing and Recruiting Firms

SkillSurvey

Finding and keeping talent is trickier than ever. And new technologies, networks, and data sources have expanded options for sourcing talent more successfully. The drive to innovate is already blurring the lines between traditional staffing, RPO and MSP as each move aggressively to retool how they attract, source, and manage talent for their clients.

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5 Ways Online Reference Checking Can Help You Give Your Clients More of What They Need and Become A Better Partner

SkillSurvey

Sourcing candidates is getting harder, yet your clients want to move faster in identifying qualified candidates. Clients are receptive to advances in technology and analytics, and understand they can combine speed and efficiency with quality. Sourcing solutions, like SkillSurvey Source TM can help you find and manage passive candidates from references and referrals. Having top talent at your fingertips helps you reduce time-to-fill.

3 Areas That Workforce Analytics Create Business Value

Ideal

Gartner estimates HR can boost an organization’s profit margins by 4% and drive talent outcomes by up to 23% by improving its analytical capacity. It’s not surprising then that 70% of organizations expect to increase their investment in workforce analytics in the coming years. This renewed interest in analytics is driven by two main factors. Here are the 4 areas of HR that workforce analytics are being applied to create business value. Recruiting analytics.

3 Recruitment Funnel Metrics You HAVE to Start Tracking

ClearCompany Recruiting

Numbers and statistics can guide many decisions, however, many recruiters still rely heavily on instinct when it comes to sourcing and hiring. The idea of a “data-driven hiring cycle” is becoming more relevant than ever as the use of analytics becomes more attainable for many companies. A 2015 survey reported 43% of companies struggle with finding the talent analytics they need. Recruiting & Sourcing

Workforce Analytics: Moving from reporting to predicting

IBM

Workforce Analytics: Moving from reporting to predicting. Many organizational functions such as marketing, supply chain and finance are becoming increasingly sophisticated in their use of analytics to inform decision making and are seeing clear benefits in terms of business outcomes. Using analytics to extract and apply insights about the workforce is one of the biggest opportunities for HR, but is it an opportunity that is being realized? The need for workforce analytics.

Data, Metrics, Analytics: The Hierarchy of Knowledge

SmashFly

I hear a lot about data, metrics and analytics. This is not to say that data, metrics and analytics are not incredibly important (I believe they are) but that there is a certain danger in not truly understanding what it means to be data-driven and what you should be looking to achieve with this knowledge. Most importantly, how can we make sure it becomes a consistent part of our evaluation and improvement of our talent acquisition strategies? What are Analytics?

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Healthcare Hiring Transformation at St. Joseph’s Health

SkillSurvey

Plus Development, Sourcing, & Analytics. As part of transforming talent acquisition at St. Sourcing. Our Physician Recruiter John Cerniglia, for example, is very diligent about his sourcing efforts and commits several every day to finding new prospects. A big benefit from the online reference check tool is that the references themselves become a passive source of talent for us to mine. Part 2: Easy Reference Checks? Check.

The Myths, Hype, and Opportunities of Big Data for Recruiting

Brandon Hall

This isn’t because I’m skeptical of its various uses and applications in HCM – and talent acquisition, in particular. No, what grinds my gears is that big data is carelessly tossed into far too many conversations, with 9 in 10 presentations over-hyping and under-explaining the opportunity to drive serious changes in the way we find, hire, engage, and retain talent. Of course, the scope of talent analytics is a bit more focused, but it doesn’t make it any less powerful.

3 Benefits of HR Tech Integration

SkillSurvey

For talent acquisition professionals, not having the most current candidate information can make it more difficult to quickly find and hire the best candidate for every role. The Sierra-Cedar HR Systems Survey also found that, “integrated talent management can bring greater efficiency to both HR and IT, and provide the ‘talent intelligence’ needed to help companies compete.”. Technology often makes our lives – including the day-to-day tasks we do on the job – a lot easier.

Do We Lose the Human Element with Recruitment Automation?

SmashFly

So let’s take a look at the lessons we have learned from marketing and sales in terms of automation, technologies we use for talent acquisition and the ultimate value they can provide. The Technologies of Talent Acquisition. When we look at the current technology ecosystem we have 2 main technology categories that affect how we recruit talent today. Automatic Talent Pipeline building (through job apply flow by critical skill families).

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These are the #1 Most Recruited Jobs in Tech, Finance, Retail, and More

Linkedin Talent Blog

That's according to our latest report, The 33 Most Recruited Jobs and How to Proactively Grow Your Talent Pipeline , which covers the most in-demand roles across industries and job functions (like sales, operations, and HR). Insights like these can tell you where you’ll face the fiercest competition for talent, so you can set expectations and plan ahead. But if they find there’s a deficit of talent, it’s not a bad idea to hire and upskill candidates who could become data scientists.

The Hiring Metrics That Will Matter More (and Less) This Year

Linkedin Talent Blog

And as talent professionals dedicate more time and energy toward sourcing candidates for hard-to-fill roles, rather than relying on inbound applications, this metric will continue to drop in importance. More important: Sourcing channel effectiveness.

Benchmarking Talent Acquisition: Increasing Spend, Cost Per Hire, and Time to Fill

Bersin

I’m excited to announce that the highly-anticipated Talent Acquisition Factbook 2015: Benchmarks and Trends in Spending, Staffing, and Key Recruiting Metrics was published today.[1] 1] This research report is particularly timely for contemporary Talent Acquisition (TA) leaders. Hiring & Onboarding HR & Talent Analytics HR Strategy & Benchmarking Human Resources Sourcing & Recruiting Talent Acquisition Strategy Talent Acquisition Tech Tools & Technology

SkillSurvey Analytics Team to Present New Findings Based on Qualitative Feedback from 20,000 References at Annual SIOP Conference

SkillSurvey

Presentations Mark the 14 TM Time that the SkillSurvey Analytics Team Will Present at the Annual SIOP Conference. We are honored that our analytics team was chosen to present twice this year at the annual SIOP conference,” said Ray Bixler, CEO and President of SkillSurvey. These new data were gathered through SkillSurvey’s massive text analytics project of open-ended narrative comments, focused on a candidate’s strengths and areas for improvement.

From Branding, Sourcing, and Diversity to Data Analytics: Five Talent Powerhouse Takeaways

Entelo

Entelo’s Talent Powerhouse Series came to a close this week, rounding up five of the talent industry’s most powerful influencers and practitioners to share their tactics for building and growing an organization. Biro, Robin Erickson, Lou Adler, and Katie Gechijian brought to the table their unique experiences, perspectives, and research on today’s talent market. Creating advanced sourcing strategies. How to develop a mature talent acquisition function.

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