Claro Workforce Analytics, a technology company that organizes all of the world’s workforce-related information, making it easily accessible, announces the immediate availability of new talent market supply and demand tools to support strategic workforce planning initiatives.
Claro’s market leading technology helps companies perform competitive talent benchmarking and market-mapping, elevates organizational diversity and inclusion strategies, and enables employee attrition modeling.
New Claro enhancements enable visionary companies to uncover hidden talent demand insights about specific geographies or skills, benchmark their competitors’ talent demand, analyze potential talent supply and demand disequilibrium to make better decisions about growth or expansion, and measure talent movement or availability over time.
A CEB (now Gartner) study revealed that “95% of senior HR leaders expect to increase their investments in talent analytics across the next two years,” and a recent Ernst & Young study found that the highest performing companies had a partnership between the Chief Financial Officer (CFO) and the Chief HR Officer (CHRO) that was centered around strategic workforce planning, greater use of people analytics, and measurement of key HR metrics.
Lori Hock, Hudson RPO Americas CEO, commented, “We’ve been seeing an uptick in the demand for actionable, real-time talent market intelligence.” Ms. Hock continued, “As an early adopter of Claro technology we’ve been leading the way in educating global organizations on how to leverage People Analytics to help reduce friction in the hiring lifecycle, to help make more data-driven decisions about their talent strategies, and to help visionary organizations hire and retain diverse talent.”
The Internet and Social Media continue to change the way that people communicate and think about their careers. From talent acquisition to employee engagement, this shifting paradigm has paved the way for actionable, data-driven workforce insights to be propelled to the forefront of all Human Resources strategies. Recent research also validates this trend; the global HR analytics market size is expected to grow from USD 1.9 billion in 2019 to USD 3.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.7%.
“Claro has distinguished itself as a leader in People Analytics by enabling visionary organizations to make better decisions about talent,” said Claro Workforce Analytics CEO Michael Beygelman. Beygelman added, “We have transcended conventional job postings, government and labor market data paradigms that litter the current People Analytics vendor landscape with undifferentiated offerings. Claro offers a fresh approach: a searchable platform of the world’s workforce-related information, enabling users to interact with real-time talent market intelligence through intuitive visualizations and exportable infographics.”
SOURCE Claro Workforce Analytics