You have a lot of data regarding your employees. If you're not using it right now (aka if it's just sitting around gathering dust), you're missing out on learning a lot about your business, your employees, and the workforce as a whole. You have the potential to tap into very useful data to reduce employee turnover...and all kinds of other talent analyses and strategies.
You can improve employee retention considerably with the data in your talent systems. It's simply a matter of learning how to access the data.
What kind of data do you have?
Your talent system probably has more information than you realize. It holds information about your current and past employees. You can find out about education, experience, training, degrees held, certifications, and more. You can learn how long employees stayed employed with you, what kind of job history they have with other companies, and other details.
There may be other data that you can tap into, too. External sources can include web-based employment sites, professional networking sites, and other social platforms. This will allow you to find out about information regarding potential candidates in and out of your area.
Not all employers tap into the data that they have or do so well. Most organizations don't even know what kind of data that they actually have. Once you learn more about what data you have, you can start to use it more effectively.
How can the data be used?
AI-powered algorithms can connect your starting data to all the other internal and external sources of data. Imagine being able to learn more about potential candidates? Imagine being able to learn more about your current employees?
If you have an open position, it might take weeks or even months to fill. This is because you spend so much time gathering information and conducting interviews. Even then, you might not know what you should be looking for. It can lead to poor turnover because the person that you ultimately hire isn't a good fit.
In order for an employee to stay for the long haul, you need them to be a good fit for the position as well as the workplace culture that you have established. You have to like them for the company and they have to like being a part of it. There is data being held inside your system that can help you determine the qualities that thrive in your workplace. These are the qualities you want to look for within future candidates.
Additionally, the current employees that you have may be worthy of being promoted rather than being passed up for someone that you find on the outside. There may be all sorts of untapped potential within your database. The data is there, so you need to be sure that you're pulling it out properly to learn more.
Talent data management issues can be solved by using artificial intelligence. Rather than reading through the data on your own and trying to find the connections, AI-powered algorithms can comb the data, find the connections, and compile the reports for you. This can provide you with more business insights than ever before.
SwoopTalent will provide you with the algorithms to learn more about the data that you have. You can then hire more effectively and reduce the likelihood of turnover because of being able to find a better fit. Employee culture has to be factored into every hire. When you have access to more data and can pull insights from the data, it ensures you make better decisions.
Find out more about how to tap into the data of your talent system by contacting SwoopTalent today.
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