Hi Garima,
In today’s world, where every company wants the best talent out there, and leaves no stone unturned to attain them, one needs an edge to get to the right candidate at the right time, before the competitor gets to them.
Thanks to innovations in the field of AI, Data Science & ML, a new concept of “Talent Market Intelligence” has come up, which more and more companies are using to have an edge over their competitors.
Talent intelligence allows hiring managers to make better data-driven hiring decisions from a wide range of data that is farmed through technology.
This data will help you identify where you stand on diversity, vis-à-vis, your industry peers, and suggest locations/universities /ecosystems from where you can hire the right talent for your target job role. Not only that, modern talent intelligence platforms also alert businesses to competitive hiring threats, trends in future talent, or identifying urgent hiring needs far in advance.
There are many platforms out there providing this service, but before you decide to choose one, there are certain key features that you should keep in mind.
Must-have features for Talent Intelligence platforms:
𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐖𝐨𝐫𝐤𝐟𝐨𝐫𝐜𝐞 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 – This is an important part of HR, and Talent intelligence platforms can help you with it by identifying talent hotspots in your target location, for the target role. It also provides data on how your peers are leveraging this talent at that location and for what purpose.
If that’s not enough, you also have access to 360-degree talent analysis that lets you shortlist talent based on parameters that go beyond traditional univariate metrics.
𝐑𝐞𝐜𝐫𝐮𝐢𝐭𝐦𝐞𝐧𝐭– In the recruitment stage, it is important to craft impactful job descriptions to attract the best talent. This is where the Talent intelligence platforms really come to shine, as their playbooks recognize the skills, tools and certifications required across 2,500+ job roles!
It is perhaps the greatest feature of modern talent intelligence tools. The nearly unlimited access to data they provide you, combined with the machine learning models incorporated within them, really help recruiters and make their lives easy.
These are the points which you should keep in mind before deciding. I hope I was able to answer your question.
Regards,
Rohit