The most robust data collection system is of little value without the ability to analyze and use that data effectively. With the enormous amount of raw data available to staffing and recruiting agencies, it’s critical to develop strategies and systems to organize and make the most of it.
In a time when digital information is nearly infinite, big data and predictive analytics are changing the way organizations hire and manage talent. Here are just a handful of the advantages to using candidate data to find and retain top talent.
Get a leg up on the competition. Data mining is still in its infancy. And even companies with the technology they need to collect it often don’t know how to analyze it. Learning how to leverage this data can give you a significant competitive advantage.
Increase hiring objectivity. By focusing on hard data, you can make better hiring decisions – those driven by quantifiable numbers rather than potentially flawed subjective opinions and attitudes.
Build a talent pipeline. Employing predictive analytics can help you to optimize your talent pipeline. It’s often said that past performance is the best indicator of future success. Keep this adage in mind when developing your bench of talent.
Analyze candidate quality. Assessing the skill sets of your current talent bank can help you to fill any gaps and increase the number of candidates with in-demand qualifications.
Optimize candidate response. By analyzing the recruiting efforts that have yielded the best results in the past, you can make better decisions on where and when to advertise positions and how to write your job postings.
Manage cost per placement. By tracking how many interviews it takes to fill a position, you can improve processes and reduce hiring costs.
Improve fill ratios. Ranking candidates and noting skills gaps can help you to reduce your time to fill and turn your recruitment efforts to candidates who are most likely to suit client needs and increase your chance of matching the right talent to the right job.
More data means better decisions, but only when you have the tools available to manage and analyze that data. With the help of Avionté Software, you can improve data collection and find more ways to use it to your advantage, enabling you to recruit more effectively and serve clients better.
At Avionté, we provide solutions that increase the efficiency of your staffing firm, improve the quality of the talent you attract and streamline the entire hiring process. Our 10-minute philosophy means that within minutes, a user can not only navigate throughout the Avionté staffing software system, but use it effectively. Contact us today to get started.