There is no second chance in hiring. Once a wrong fit is hired, the organization has to bear the cost of appointing and training the employee. That’s the reason right decision making is important. When it comes to taking accurate and quick decisions, relying on data and analytics is the wisest thing to do. This is when you need recruitment analytics.

It helps in tracking, measuring and analyzing data of potential candidates and facilitates quick hiring. Apart from recruitment, it also promotes employee retention. Check out how does recruitment analytics help in improving hiring process.

Technology

There are numerous recruitment analytics solutions available which make recruitment simpler like never before. A resume parser is an excellent way of extracting candidate information from his resume. This helps in shortlisting relevant candidates and closing jobs quickly. Recruiters can also get complete information about candidates by searching for the same on social media through resume enrichment. This is also known as social recruiting.

Get the Right Fit

Analytics can be used to find the best candidate for the job. By using hiring algorithms, you can measure soft skills and job-changing behavior of candidates. This aspect proves to be useful while assessing if you are hiring the right fit. Once shortlisting is complete and interview is done, a final decision can be taken.

Profile Tuning

Candidates can be evaluated perfectly if recruiters are clear about the assessing criteria. Data can help in enhancing the profile by adding the relevant skills and personalities fit for the job. This streamlines the entire process and helps in shortlisting quality candidates.

Sourcing

Sourcing is the foundation of finding the right talent. Predictive analytics gives details about resources recruiters use to search for candidates. Data can be used to find out the best sources from the list. Other sources can be social media sites, job aggregators and much more. Once sourcing is streamlined, you can get better ROI for your business through quality hiring.  It will also make the recruitment process more cost-effective.

Market Trends

Keeping an eye on market trends gives a clear picture about the kind of jobs available in the market. Use analytics and data to check out potential clients.  

Technology has proved how important predictive analytics and data can be for having an effective hiring process. Thus, implementing these features in your business is crucial for hiring the right fit.