April 24, 2019
April 24, 2019
Contributor: Jackie Wiles
Smart HR and recruitment leaders leverage the power of labor market data and location intelligence to hone their talent sourcing and hiring decisions.
As the demand for talent converges on critical roles, it’s easy for human resources (HR) leaders to be distracted from the larger mandate: Translate critical business initiatives and objectives into a workforce and recruiting strategy that can support digital business and help drive key growth initiatives.
Too often, though, recruiting teams lack big-picture perspective on external labor market conditions, macro-level workforce trends, and other factors that may affect the business and talent pipeline in the short and longer term.
“Companies today need labor market data, location intelligence and competitive intelligence to inform their workforce planning,” says Alex Johnston, Group Vice President, Gartner TalentNeuron™. “Those insights help you to understand how skills are changing within the marketplace before they impact your business, and help you develop a more proactive approach to finding and situating key talent.”
Attend webinar: Data-driven Strategies to Win the Talent War
Every company has to consider a unique set of variables, but some are already winning the talent war by empowering their recruiting and workforce planning functions with real-time talent analytics and labor market intelligence to inform talent sourcing decisions.
These insights also help recruiting teams play a proactive role in enterprise hiring decisions, instead of simply chasing the talent that business leaders think they need.
Gartner TalentNeuron client studies shows how a lack of information or misinformation can slow or derail your search for talent — and your ability to secure it once you find it — and how data insights can surface potential solutions.
Read more: How Data Can Help You Find Talent in the Digital Age [Infographic]
Consider how these companies gained key insights from external labor market data, which they used to make critical adjustments to their talent sourcing decisions.
Data clarifies the path to talent only if it drives decisions and actions. Armed with data about the realities of talent supply, demand, cost and location, recruiters are better able to:
HR leaders can use their insights to educate the business on what the broader market is signaling about skills and competencies. Industries are transforming so fast that business leaders themselves might not be able to predict what they will need. Data-driven insights can help clarify what skills the business will need to pursue its digital ambitions, and the options available to secure the right talent.
Learn more: Equip employees with the skills of tomorrow
Join your peer CHROs and HR leaders from leading organizations to discuss specific HR challenges and learn about top HR trends, insights and priorities.
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*Note that some documents may not be available to all Gartner clients.