As Artificial Intelligence and automation continue to accelerate the pace of innovation, recruiters are facing a new set of challenges. In fact, according to a recent study, 42 per cent of Canadian recruiters and hiring managers believe data is the top trend affecting how they hire.
Effectively integrating data-driven insights into your talent strategy will help you gain efficiencies, identify top and untapped pools of talent and, in doing so, elevate your role to that of a strategic advisor to your executive stakeholders. More specifically, here are three ways data can be leveraged to take your talent strategy to the next level.
Put AI to work
Traditional talent strategies relied on luck, intuition, and a multitude of manual workflows, which proved immensely time-consuming to amass and analyze. AI has improved this process of old by enabling you to automate the more administrative tasks and also sift through large amounts of data quickly to generate the key talent insights your team and business need to have line of sight into. This critical knowledge enables you to elevate your position from a purely functional role to that of a strategic partner.
Build your talent pipeline and close roles faster
As an HR leader, it’s important you’re thinking bigger picture when it comes to talent strategy, which means being privy to everything from trends and movement across the talent marketplace, to peer benchmarking, to retention analysis. Analytics solutions such as Talent Insights can take the guesswork out of these questions and provide the perspective you need when making tough decisions, such as where to open your next office or how to enhance your employer brand to better compete with your peers.
This real time view of talent data provides a clear picture of labor market trends like talent migration, skills growth, relative attrition rates, and hiring demand. You can also better monitor how you’re stacking up against your industry peers. With these insights, you can plan for the future and more effectively build and grow your teams.
Talent acquisition is now a C-suite concern
Attracting skilled resources has moved beyond the sole domain of recruiting and is now a C-Suite imperative. IBM’s most recent C-suite study revealed that when asked what could accelerate organizational performance, CEOs rank investment in people as number one. As talent acquisition becomes a larger focus for the C-Suite, an opportunity is emerging for recruiters to take their seat at the table. But they need to earn it.
The best recruiters are taking full advantage of emerging technologies like artificial intelligence and data-driven insights to identify, attract and retain the best talent for their organizations. In doing so, they are elevating their role beyond just hiring, providing counsel on how to configure talent to drive long-term growth and help their companies win.
By Chris Brown, Director of Talent Solutions at LinkedIn Canada.
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