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Talent Intelligence What Is It, Who's Using It, and How?

Talent Intelligence What Is It, Who's Using It, and How?

Talent intelligence is becoming more important than ever to have a strategic talent management plan in place. One of the most important components of any talent management plan is talent intelligence. Talent intelligence is the process of gathering and analyzing data about employees and potential employees in order to make better hiring decisions. Many businesses are using talent intelligence tools to find the best candidates and make sure they are retaining their top performers. In this blog post, we will discuss what talent intelligence is, who is using it, and how you can start using it in your business!

Why Use Talent Intelligence?

There are many benefits of using talent intelligence in your business.

Perhaps the most important benefit is that it can help you make better hiring decisions. With talent intelligence, you can gather data about candidates and compare them side-by-side. This allows you to see not only who the best candidate is, but also who would be the best fit for your company culture.

Additionally, talent intelligence can help you retain your top performers. By understanding what your top performers are doing right, you can create programs and initiatives to keep them engaged and motivated.

Finally, talent intelligence can help you identify potential problem areas in your business. For example, if you notice that a high percentage of your employees are leaving after a year, you can investigate the reasons why and make changes to your onboarding or training programs.

How To Appy Talent Intelligence?

Now that we've discussed some of the benefits of talent intelligence, let's take a look at how you can start using it in your business.

The first step is to gather data. There are many different types of data you can collect, but some of the most important data points include:

  • Applicant tracking system data
  • Performance review data
  • Engagement survey data

Once you have collected this data, you will need to analyze it. There are many different ways to do this, but some of the most common methods include:

  • Using an applicant tracking system
  • Using talent intelligence software
  • Hiring a talent intelligence consultant

After you have analyzed your data, you will need to make changes to your talent management plan. This might include making changes to your recruiting process, implementing new training programs, or creating initiatives to retain your top performers.

If you follow these steps, you will be well on your way to using talent intelligence in your business!

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How Does The Market Do It?

The most common way businesses collect talent intelligence is through an applicant tracking system (ATS). An ATS is a software application that helps businesses track and manage job applicants. Many ATSs have built-in talent intelligence features, such as the ability to score and rank candidates, that make it easy for businesses to gather data about their applicants.

Another way businesses collect talent intelligence is through the use of surveys and questionnaires. Surveys and questionnaires can be used to gather data about employees' satisfaction with their jobs, their career goals, and their engagement levels. This information can be used to make improvements to your business or to create programs that will help keep your employees engaged and motivated.

Finally, some businesses use talent intelligence tools to collect data about their customers. This information can be used to improve your products and services or to create targeted marketing campaigns.

Top Rated Talent Intelligence Products

1) SeekOut

SeekOut is a quite reliable talent intelligence platform that makes it possible for modern recruiters to quickly locate and connect with suitable applicants. Recruiters and sourcers can access underutilized talent pools of large numbers of global profiles with SeekOut's instinctive AI-powered tech, find talented workers with extraordinary speed and accuracy, and interact with them immediately by obtaining the appropriate connection information.

2) Gem

Gem's Talent Engagement Platform assists recruitment teams in using data and automation to more fully engage candidates, create pipelines that are diverse and of the highest caliber, and make predictable hires at any scale. Gem creates a single source of truth for all talent interactions by combining context and data from the technologies that recruiters use on a daily basis, such as email, applicant tracking systems, LinkedIn, and other social networks.

3) hireEZ

Outbound recruitment is made simple with hireEZ, an AI-powered tool that unifies all recruiting activities for hiring teams of all sizes. You can quickly and easily source AI across 800M+ open online profiles from 45+ platforms with hireEZ. Using themes, sequencing, monitoring, and calendar planning, you can automate and create customised recruitment efforts. You can utilize its talent data cloud to centralize, update, and discover formerly siloed information with relatively close management and a secure information center to improve the quality of hires.

4) Phenom

Phenom is a worldwide HR technology company with a mission is to assist one billion users in finding the ideal employment. Phenom Talent Experience Management (TXM) provides personalized and automated talent journey for applicants, employers, and workers thanks to its expertise in developing AI-powered, scalable solutions.

5) Eightfold

The Talent Intelligence Platform from Eightfold AI is a very efficient approach for employers to keep best performers, skilling and re - skilling the workforce, effectively hire best talent, and achieve diversity goals. The deep learning artificial intelligence platform from Eightfold AI enables businesses to use talent management as a strategic benefit.

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Hirize and Talent Intelligence

At Hirize, we use talent intelligence to help businesses find the best candidates for their open positions. We start by gathering data about each applicant, including their work history, education, and skills. We then score and rank each applicant based on their qualifications. This allows businesses to quickly and easily identify the best candidates for their open positions.

With parsing technology, Hirize can read and understand resumes, job descriptions, and other documents. This allows us to provide businesses with detailed information about each applicant. This process saves recruiters hours each day, giving them more time to interact with and interview candidates.

After getting the information, Hirize matches job seekers with employers. We use data from both sides to find the best match for each applicant. Employers may use a series of questions to see whether a job applicant's skills are appropriate for the requirements of a given job description. Eliminating the burden of personally reviewing each application that is submitted.

When a job opening is posted, the required skill set is mentioned, and applicants are matched using sophisticated algorithms that rely on their skills. The recruiter may define relevant skill sets to enable the algorithm to select the most suitable applicant. Hirize's matching algorithm considers a candidate's progression over time; their experience level; and their education.

To get more information on Hirize and how it can help your business, check out our website or contact us today. You can also sign up for a demo to see how Hirize can work for you. https://hirize.hr/