Four Strategic Tactics To Analyze Talent Pools
Imagine if you could look at the talent market and get an idea of the knowledge of hiring skilled professionals. Or, if you could get an insight into the availability of talent pool as per the experience and rewards your opponents are offering. Talent pools provide flexibility in the selection process of employees for the leadership/recruitment team. Compared to choosing a single employee with key competencies, creating a talent pool is more effective and efficient for an organization. The traditional business approach believes in assigning employees to limited career paths, while the more modern talent pool tactic finds the best available employees and then determines where to fit them into the team. iDeal HR Service is a leading Human Resource Consultant in Hosur that provides a variety of services like permanent staffing, temporary staffing, placements, campus/off-campus recruitment, and a lot more while expanding their evaluation methods in their recruiting activities to help in better talent management decisions.
There are thousands of people who retire every day; and thousands of new employees replacing them. Organizations need to be prepared for the changing workplace landscape with the old traditional methods being replaced by newer modern processes and procedures. This is where a talent strategy is required to be put in place to replace workers as they plan to retire. Talent pools are groups of high-performing and high-potential employees being developed to take up greater responsibilities within an organization. This is the best approach when looking to develop multiple skills and people for the job. Based on the future staffing requirements, organizations can have several types of talent pools like leaders, management, and technical specialists.
With advances in technology and new streams of data available, it has become easier for employers to figure out as to who would make the best candidate for a specific job opening. New analytics technologies are helping HR leaders to attract, hire, manage, and retain the talent they need to drive business success by giving them a hand on the data and insights required. With all such data, technologies, and behavioural analytics, employers today are in a better position to predict who would be the best fit for a particular role, and how they can extract a candidate’s best performance. Below mentioned are some of the new ways used today to identify talent.
Digital interviews are 20 minute interviews that can help extract around 80 million data points! This data is then linked to personality and performance analytics to gather relevant talent signals derived from the interview.
Internal Big Data
Existing organizational data can help tap into the benchmarks for talent and performance. By measuring everything that people do at work can deduce how they will perform in the future, in any particular role. Looking at how the work is being carried out within an organization can help determine the best suitable team for a project to be carried out. Similarly, based on the connection the workers have with colleagues and other staff can help determine the best individuals for executing a particular task.
You may find it strange, but analyzing Facebook ‘Likes’ using computer-generated algorithms can indeed predict a person’s personality better than anything else online! Considering the articles, videos, content, and everything else that a person has ‘Liked’ on Facebook, psychological traits about that particular individual can be identified better than in-person interactions. Such traits can help identify a person’s suitability for a job.
Another strange yet helpful technique is analyzing gamification. Applying techniques from the video game industry can help shorten or lengthen the user experience. Psychological traits like openness, meticulousness, neuroticism, and extraversion can be analyzed through visual personality quizzes that question with images of people doing things to activate a prompt emotional reaction from the individual’s subconscious mind to reveal his personality composition.