How talent analytics can streamline your recruitment process

Talent analytics streamlines your recruitment process by offering a data-led approach that can help you find the best candidates and keep them for yourselves.

This technique has turned the art of recruitment into a science. It applies business analytics techniques that you know and love to your HR data, providing top-notch insights that will help you get a better handle on your recruitment process.     

This clever method can help you: 

• Increase business revenue  

• Improve candidate engagement  

• Enhance your workforce  

In this blog, we’ll look at all the wonderful ways that talent analytics can streamline your recruitment processes. 

Identify and hire your model employee 

Talent analytics gives you the information you need to hire your ideal employee time after time, no matter what position you're trying to fill.  

Once you’ve collected a whole heap of data on your current employees, you’ll have a benchmark for your next hires. You’ll be able to put a figure on employee features that are hard to measure, like: 

• Social skills 

• Flexibility 

• Emotional intelligence

• Initiative 

• Attitude 

• Adaptability 

You can then use your current employees’ average score to set a target that potential new hires must reach to get the job. Or, if your current team looks a little lax in a certain field, you can focus on boosting a specific area by hiring a candidate that can help to raise the bar. 

Talent analytics will also help you make better hiring decisions. It can reveal unexpected insights that a quick glance at a CV is not able to compete with.  

Make a note of your learnings as you go along and use this to inform your recruitment process. After a while, you should be able to trim down your applicant filtering time as you’ll know exactly what to look out for.    

Give great employees incentive to stick around 

The fun doesn’t stop once you’ve hired someone. Set your team achievable professional targets, and use talent analytics to give you a better idea of how well they’re performing. 

This data can help to inform reward initiatives you may have in place and can even help to calculate annual bonuses. Team members who hit their targets will be motivated by being recognised for their achievements and will be more likely to stick around, meaning you can stave off having to dip your toe in the recruitment waters for a bit longer. Win-win! 

Predict staff movements and hire proactively 

Used effectively, talent analytics can even suggest when a staff member might be looking for pastures new. This will give you the chance to prepare for their departure and get a head start on succession planning, avoiding a panic later.  

Getting the new hire into place before your existing staff member has left keeps your operations running like clockwork, and — with a bit of strategic mentorship — helps you keep all that valuable knowledge within the company.     

Talent analytics might sound tricky, but it uses the exact same techniques as many of the things your business does already. Take the time to get a handle on talent analytics and you can get more bang for your buck with every single new hire.