Every profit-oriented business or company desires to employ capable hands that can drive sales and bring about improvement in the company’s overall performance. As far as hiring the right talent is concerned, the HR department is not expected to make any mistakes as this could deal a great blow to the company’s revenue and ability to deliver. Most often than not, the HR department may be overwhelmed with lots of data which could wear them out and in the end, cloud their judgment on the right candidate to employ for the position at hand, and this is where data science and talent acquisition analytics come into play.
What is talent acquisition analytics?
Talent acquisition analytics can be described as the process of using data science to inform hiring strategies and processes. It can also be described as the process of utilizing data science techniques to filter out the best talents to be engaged by a company. Data gathered from research has shown that more than half (50%) of recruiting professionals tend to utilize big data during employment and this has greatly assisted them in talent acquisition and thus, increasing their employee retention by over 56%.
With this recent move aimed at the utilization of data science in talent acquisition, the HR department can easily draw insights from their people and company to do a better analysis and understand the parameters that make an employee successful when eventually engaged. It creates an avenue where the HR department can identify the right candidates for the job, understand what makes the company appealing to potential and future employees and the possible steps to be taken to capitalize on these findings during and after the recruitment process.
What are the benefits of using talent acquisition analytics?
- Prediction of candidate success
Talent acquisition analytics can come in handy in predicting the outcome of the employment process and how an applicant may likely perform after being assigned with the job. This process usually come in handy in giving the company a chance to set parameters on how to choose the best candidate to bridge the skill gap in the company.
- Identify the right candidates for the job
Talent acquisition analytics can assist the HR department to quickly identify the right candidates for the job at hand and also connect them with the company. It targets the right candidates based on the specific skills and characteristics you are looking for and can go as far as creating the job description to match that criteria.
- Elimination of bias
Unlike the HR department, Data does not take note of unnecessary data such as the applicant’s age, gender, or race unless they are part of the recruitment criteria. This can go a long way in eliminating bias and other flaws associated with human involvement in the recruitment process.
- Matching employee benefits with talents
The use of talent acquisition analytics can entice the most qualified candidates by matching their benefits with individual values, behaviors, and personalities to maximize their potentials and satisfaction.
With data science and talent acquisition analytics, you can never go wrong while employing your workforce. Kindly contact us if you have any questions on talent acquisition analytics and how best it can be utilized in your company. We will love to hear from you.