The Importance Of Talent Acquisition Analytics - WalkWater Talent Advisors

1
The Importance Of Talent Acquisition Analytics -
WalkWater Talent Advisors
Talent acquisition analytics can help you make
the right hiring decisions, which is absolutely
important, because hiring the wrong talent can
result in losses that you cant even imagine!
Bigger the company, higher the losses. Thats
because there are several factors affected with
a wrong hire, such as recruitment advertising
fees, recruiting staff time, training fees,
broken team morale, and lesser productivity.
And, all of this also results in losing out on
customers, which in turn weakens the brand
image. Hence, you must always pay attention to
hiring the right candidates for the job. And, how
can you do that? Through talent acquisition
analytics. How, well let you know.
Talent acquisition uses data to inform hiring
strategies and processes something that 50 of
recruiters use as part of their hiring
strategies, which helps in acquiring the right
talent and
2

• increase employee retention by more than 50.
  Thats because such data can help assess what
  makes an employee successful, and helps identify
  the right kinds of candidates, which thus makes
  it easier and better to fill the talent and
  skill gaps with the most apt candidates. Talent
  acquisition analytics can thus improve both
  recruitment and candidate experience.
• Benefits of talent acquisition analytics
• Businesses that use talent acquisition analytics
  can predict a job applicants future performance
  by determining what a successful employee looks
  like and developing a candidate persona that
  matches. This way, similar characteristics,
  education, experience, and activities can be
  checked for.
• Predictive analytics not only helps quickly
  identify the right types of candidates, but also
  helps to find and connect with them. Targeting
  the specific skills and characteristics that are
  required in a candidate, one can figure out the
  platform that kind of particular group is on,
  and post a job ad there for them to see. The
  language in the ad can also be crafted to suit
  the personality of the target candidates.
• Data means accurate data, without being biased
  towards a particular gender, age, or race of the
  applicant. There is thus no bias that can affect
  recruitment decisions, which is otherwise
  present consciously or subconsciously, thus
  affecting decisions made about candidates.

3

• Using talent acquisition analytics the right way
• When you want to gain the most benefits out of
  your talent acquisition analytics, you can
  either employ leading talent acquisition
  companies in India, like WalkWater Talent
  Advisors, or take assistance from the following
  tips and ideas.
• Certain recruitment tasks take enormous hours of
  human labour, which brings to you shortage of
  time that can otherwise be invested in other
  important tasks. Automating such tasks wherever
  possible can bring to you accurate results as
  well as lots of time. Some tasks that can be
  automated include candidate screening,
  application tracking, and interview scheduling.
• Its important to examine and track lots of
  factors like market trends, workforce
  demographics, hiring finances, and every other
  possible information required to analyze the
  capital required. You may opt for built-in
  hiring analytics solutions from recruiting
  software to save money and time, while also
  helping you make informed decisions.
• Tracking your hiring processes can help better
  manage the candidate pipeline and determine the
  right platforms for sourcing candidates. More
  data means more insight into whether or not
• the current talent acquisition strategy is
  working. You can also update your employee
  persona, application process, and job offers
  over time, as and when the data inspires you.
• For more Information
• https//www.walkwatertalent.com/