Market Intelligence Tools for Recruitment
The market is flooded with different recruitment data analytics tools. Some are better than others, but they all require data literacy, so they may not be suitable for everyday use. The best recruitment data analytics tools are the ones that provide clear and actionable insights without requiring advanced data science skills. These tools include analytics that provide insights into your talent pipeline, candidate behavior and return on investment after every candidate journey. With the right tools, you can spot direct correlations between specific job boards and candidate personas and improve your recruitment process.
A robust set of data and a progressive mindset are critical for an intelligent recruiting platform. Flexible tools let you overlay company information on top of applicant data. The latter gives you a more accurate picture of the business. By making this information available, you can better target your advertising and marketing efforts. Once you know who your candidates are and what skills they possess, you can tailor your recruitment strategy. By following up with candidates on a regular basis, you can improve the quality of your talent acquisition process.
Competitive intelligence is derived from the efforts of companies and their employees in collecting, analyzing, and distributing data. The same research methods can be used for recruitment. The data from competitive intelligence can be used to inform sourcing, allowing recruiters to focus on identifying specific skills, locations, and industries. Through comprehensive sourcing, recruiters can generate a talent pipeline full of unique prospects. By analyzing this data, recruiters can create better candidate profiles, attract top talent, and improve their bottom line.