Market Intelligence & Talent Analytics
What is Talent Analytics
Talent analytics, generally speaking, is the application of statistics, technology, and expertise to large sets of people data which results in better decisions for an organization. The main goal of talent analytics are to make data accessible to enable on-demand reporting.
talent analytics as an analytics platform that produces insights into the workforce. More specifically, into the potential hiring pool and into your existing team members.These insights are used to create a better understanding of the strengths of employees, potential employees, their weaknesses.
The functionalities of a talent analytics platform can be divided into three main categories:
Hiring Analytics: provide insights into prospective hires by analyzing their skills. It also guides the company into making an impartial decision based on the data
Ongoing Feedback Analytics: focuses on the existing workforce, determining whether the teams in the company are performing well, whether they have the right skill set and the right talent in the right places.
Optimization Analytics: combines the data and predictions from hiring analytics and ongoing feedback analytics to ensure the company has what it needs to make its internal processes as robust as possible.
Translate Data Insights Into Superlative Talent Decisions
Quality people form the backbone of your business success. Remaining competitive in today’s market requires effective workforce strategies based on precise knowledge of your customers, employees, and competitors. You need to understand the behavior, profiles, and trends that enable you to attract talent across different geographic locations and key markets in order to make optimal talent decisions.
At SGTech Solutions, we know that it’s not enough to collect data and map talent analytics. Our market analytics and intelligence solutions combine volumes of data and statistics with actionable intelligence and business insight designed to help you reach your talent goals, mitigate risk, and position yourself as an employer of choice.
We live in a data-infused world. Streams of data flow through our workspaces every day, but that doesn’t always translate into better business decisions. Fewer than 10% of senior HR leaders are satisfied with the returns they receive on their talent analytics investments. Yet, research studies conducted by CEB Global found that strategic improvements to analytic impact can result in talent outcome improvements of 9%, with up to $12.8 million saved for every $1 billion collected in revenue.
We work with you to create a highly customized analytics strategy incorporating:
Diversity planning
Market assessments
Competitor assessments
Demographic data
Job and position titles
Hiring indicators
Wage benchmarks
Long-term trend analysis
Microeconomic and macroeconomic research
Our market intelligence specialists blend both client and external data with clear guidelines for translating data insights into actionable decisions. We partner with you to interpret data and consider business implications to increase the quality of your shortlists and optimize business influence while informing your talent acquisition plan.
The most critical skills for business success are emerging and in short supply. Fierce competition for these skills creates a challenging talent acquisition landscape. We give you the intelligence and insight you need to drive smart, effective human capital decisions as part of a long-term talent strategy that delivers measurable results and real value.
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