How to use data to fill your role
Allen Recruitment and Allen Analytics are at the forefront of transforming recruitment processes by leveraging data-driven strategies. Read more on how data can improve your recruitment in our new guide.
What our data driven recruitment guide covers:
- How Data Can Improve The Recruitment Process
- Areas we cover
- The future of recruitment: Data-led and technology-driven
- … and much more!
Job Fit: Data-driven recruitment can help companies identify the must-have and nice-to-have skills for a role and assess whether the available talent pool meets these requirements. If not, companies can adjust their parameters to ensure a better chance of success. Data can also reveal trends and insights about the market, helping businesses make informed decisions about the skills and experience levels to prioritize.
Culture or Company Fit: Data can help identify candidates who are likely to fit in with the company culture, taking factors such as their previous employers and their career trajectories into account. By analyzing these factors, recruiters can make more informed decisions about a candidate’s potential fit with the company.
Education Fit: Data can help businesses identify which universities and courses produce the best candidates for their needs, allowing them to focus their recruitment efforts on the most relevant talent pools.
Salary Fit: By analyzing salary data, companies can better understand where their offers stand compared to competitors and industry standards. This information can help them attract the right candidates without overpaying for talent.
Diversity Fit: Data can help businesses identify trends in the demographics of the talent pool, enabling them to make more informed decisions about diversity and inclusion initiatives.
Competition, Demand, and Location: Making Strategic Decisions
By analyzing data on the competition, demand, and location of the talent pool, Allen Analytics can help you make strategic decisions about your hiring process. Whether it’s understanding how your offers stack up against competitors or identifying new locations for potential offices, data-driven insights can give you a competitive edge.
Example of a Talent Intelligence report
As mentioned above, our Tallent Intelligence report covers important areas, such as Job Fit, Culture or Company Fit, Education Fit, Salary Fit, Diversity or information about Competition, Demand, and Location.
To show and explain further our detailed and complete reports, let’s see an example of one of our TIS reports that we did for the Aviation and Aerospace Industry in the location of Sweden:
At Allen Recruitment we believe that leveraging labour market data can provide invaluable insights into key areas like job fit, culture fit, education fit, salary, diversity, competition, demand, location, attrition rate, and the size of the potential talent pool. This innovative approach can help your organization make better talent hiring decisions and ultimately save time, money, and resources.
Allen Analytics is based on external data delivered by trusted labour market analytics. We update the recruitment data every 3 months, and correspondingly, we refresh the presentation of this data on our website. When delivering a Talent Intelligence report for a specific role, this is based on the latest and most updated data available.
Frequently Asked Questions
Recruitment analytics is using a data-driven approach in the hiring process to make informed decisions. It involves interpreting recruitment-related data to identify trends, patterns, and insights that can optimise the hiring process.
Recruitment analytics focuses on tracking key metrics like time-to-fill, cost-per-hire, source-of-hire, and quality-of-hire (among others) to help display data in a way that improves decision-making for recruiters.
Data analytics is transforming the recruitment landscape. It offers a fact-based approach to making decisions, eliminating guesswork and bias from the hiring process.
Using data analytics in recruitment can provide insights into where you can source high-quality candidates or adjust your job posting to get a higher volume and better quality applicants. For example, if data shows that a particular source of candidates yields high quality candidates, recruiters can focus on that source. job board attracts high-quality candidates, recruiters can focus their efforts on that channel.
By harnessing data analytics, recruiters can ensure their recruitment strategies are as efficient and effective as possible.
A talent intelligence report provides insights into the talent market for a specific role. It includes information about the available skills in the job market, competitive intelligence on what other organisations are offering, and trends in compensation packages.
In recruitment, a talent intelligence report can play a crucial role during strategising. It can help recruiters to understand what potential candidates are looking for and how their job stacks up against what their competitors are offering.
An example of how they are beneficial would be if a report indicates which universities are producing more female software engineering talent. Therefore, the organization can adjust their search and look for new graduates from this university.
Labour market analytics is the process of interpreting data related to employment trends, wage levels, skill requirements, and industry growth. It provides a comprehensive view of the current job market scenario.
In a recruitment context, labour market analytics guides strategy by revealing trends and patterns in the job market.
Labour market analysis offers numerous benefits for recruiters. It provides actionable insights into employment trends, helping recruiters align their strategies with market realities.
For example, if an analysis shows a surge in demand for digital marketing skills, a recruiter can expect increased competition for candidates with this expertise. Requiring the recruiter and HR to adjust their strategies to attract and retain this talent.
Also, labour market analysis helps recruiters identify potential challenges as well as opportunities. It can reveal skill gaps in the market or highlight areas where there is an oversupply of talent. This allows recruiters to refine the way they work and then position themselves strategically in the market.
Start by identifying key metrics to track such as time-to-hire or source of hire. Invest in an applicant tracking system or recruitment software that offers analytics features.
With more than 20 years of experience in the recruitment sector and providing recruitment solutions in a global scope, we have discovered that using data and analytics presents great and very valuable benefits when it comes to recruiting. It has allowed us to provide excellent results and solutions for our clients, which led us to be constantly ranked in the first or second position in their reviews.
Thanks to having adopted this data and analytics approach, we have been able to grow our business, expand to many new countries, and we currently provide a wide array of recruitment services including Payroll, Outsource, MSP, and more.