iHire has expanded its recruitment analytics suite with new tools for employers and recruiters. The company now offers actionable data through its latest analytics features.
The tools provide information on candidate availability, hiring demand, and job seeker sentiment. In addition, iHire combines labor market data with candidate perspectives.
Its Hiring Market Insights and Candidate Insights dashboards provide more insights for recruitment decisions. The employer can analyze the data while connecting to candidates through various industry-focused communities.
The “Hiring Market Insights” tool on iHire provides insights for the evaluation of supply and demand of candidates. It works based on data contained in iHire’s database of active candidates and jobs. This tool allows users to review particular skills and occupations in different markets.
Candidate Insights Help Employers Understand Job Seekers
There are three essential metrics provided in the dashboard. Candidate Supply Percentage provides the percentage of active candidates who have particular skills or roles mentioned on their resume. On the other hand, the Job Demand Percentage metric provides the percentage of active jobs that require certain skills or roles. Hiring Opportunity compares the two. Thus, the higher the score, the more available the talent is relative to the market demand. This way, recruiters will be able to find out what changes should be made in their recruitment strategy.
Insights from Candidates provide employers with knowledge on the current priorities and mindset of job seekers. Hire gathers this information through surveys conducted among actual candidates. The surveys cover job search challenges, employment dealbreakers, artificial intelligence, talent pipelining, and other topics.
“By bringing candidate perspectives and hiring market trends together, our expanded analytics suite gives employers a clear picture of the talent landscape,” said Kyle Gamble, iHire’s VP of Product. “With that knowledge, they can make more strategic decisions about how and where they recruit to stay competitive and keep their businesses moving forward.”
When data is available in sufficient quantities, users can also analyze their industry results. It would be possible to compare such information with benchmark data that is gathered for all candidates who join the iHire community. In this way, recruiters will get the opportunity to improve their job postings based on candidate expectations. For instance, it is possible to take into account flexible schedules.
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News Source: PRNewswire.com
