LinkedIn's latest release has given companies a new avenue to gain data that will better leverage their recruiting services, and the feature is known as LinkedIn Talent Insights. Aside from offering relevant market conditions in real time, it also displays industry forecasts for growth trends.
Talent Insights is made up of two reports: the talent pool report and the company report. The former will help recruiters access important information like where talent pools are situated and which schools are pumping out high-performing workers. The latter can aid hiring managers in determining where company's win and lose talent and which workforce segments are at risk. Hiring managers and others in talent acquisition can use the data to see how they line up in the market with regard to competitive wages, where talent is being acquired from and lost to and how the market is shifting in their region and nationwide.
Businesses can find skills and job categories emerging in their industry to see current and predict future need. For projections, businesses can cull the data to determine where growth into new markets will be challenging.
More businesses are realizing the value of big data and trying to capitalize on it in the workplace. A study by Paycor found almost half of HR professionals intend to be more "data-driven" in the next four years. As recruitment tools like LinkedIn's Talent Insight incorporate data, they will likely continue to change the way employers hire and evolve the way they retain, upskill and grow talent already in place.
Read more here.
Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.