Data is everything: enabling or improving your talent strategy through improved talent visibility

It’s an oddity: Though many companies are flooded with job applicants, they often have trouble filling a job with an applicant who fits what the manager wants, and find that the outcome of their hiring process is unpredictable. Hiring takes too long. The candidate pipeline is inconsistent. Recruiters are swamped with repetitive, tedious tasks. And it’s hard to spot a fraudulent application from a real one.

These problems can be summed up as a lack of talent pipeline visibility. Without the data needed to determine the quality of applicants in various stages of the hiring process and the likelihood of making or missing your hiring goals, recruiting teams end up reacting late instead of planning ahead.

Here’s a look at the challenges posed by a lack of talent visibility, as well as the benefit of seeing the health of your candidate pipeline in real time across roles and stages.

Challenge: Late notice that the pipeline is weak

You may find that while the original volume of applicants looked promising, as you get later in the hiring process, you don’t have enough quality applicants who fit your organization’s needs after all. 

Solution: Predictive insights that alert you to the chances of meeting your goals

New technologies can now monitor pipeline health continuously and flag shortage risks early, before they affect hiring goals.

Challenge: you’re focused on the wrong data

Your legacy applicant tracking system is giving you some limited visibility … but it’s visibility into basic reporting data such as which sources of hire are producing the greatest number of applicants.

Solution: More advanced analytics

With the right insights and an AI-powered ATS, you can track candidate quality and stage progression.

Challenge: You’re caught off guard by bottlenecks in the hiring process

Interview scheduling drags on. Feedback gets delayed. A manager forgets about a job interview. 

Solution: Automation improves the candidate, manager, and recruiter experience

The core recruiting power of a modern AI-driven hiring technology includes notifications and reminders to keep everyone on the same page. Job candidates know where they are in the hiring process. Managers are reminded of tasks they need to complete. Recruiters finally get visibility into where everyone is in the hiring process.

Challenge: Your recruiters, relying on their instincts, are producing uneven results 

An experienced recruiter may be producing better candidates faster than less experienced recruiters, even for the same role.

Solution: A data-driven approach to recruiting

Valuable talent pipeline data can help you make your results consistent, measurable, and easier to repeat. For example, you might find that an assessment you were using is unnecessary or not resulting in higher-quality hires. You might find that candidates without certain educational credentials are just as successful as those with the credentials. You may find that excessive interviews do nothing to improve quality of hire. These are the kinds of insights that some experienced recruiters pick up on instinctually. A data-driven approach to hiring can help all recruiters act on them.

Challenge: You can’t give company leaders an accurate forecast of hiring outcomes

Company leaders arrive with a business problem. The company needs 300 people in place for the new store, or 15 cybersecurity analysts by next June. You’re not sure if the goals are attainable or not.

Solution: Predictive AI technology 

The technology is now here to know which jobs are at risk and how likely it is that a requisition will close on time. You can give all interested stakeholders a view of pipeline health.

The right data provides talent pipeline visibility

More applicants do not automatically mean better hiring. Too many applicants can even mean worse hiring, if the deluge causes you to get bogged down with unqualified job candidates. With the right data, recruiters, sourcers, hiring managers, and HRIT can move from reactive hiring to more predictable hiring. You can identify gaps earlier in the hiring process, reduce bottlenecks, and make more confident hiring decisions. You can even lay the groundwork for an innovative, leading-edge hiring process. Let us know if you would like to improve talent visibility at your organization.