Smarter, Not Harder: Data-Driven Recruitment, Retention, and Succession
What worked well in the past may continue to deliver results in the future. But recruiting teams have to be able to adapt when necessary, because the reality is that sticking with the status quo is a recipe for long-term mediocrity. This argument is becoming increasingly relevant in the context of recruiting analytics.
In 2015, one of the most important topics among analysts, bloggers, and practitioners was using data to make better decisions. For it to become more than something we write about in 2016, though, companies need to actually begin experimenting with analytical tools and performance management techniques.
The internet has tons of free sources of data that could shed light on your recruiting efforts, and many companies are already collecting important information that could help drive better decisions in the areas of retention and succession planning. So, what’s stopping them from taking action?
One of the biggest obstacles in business in general is fear of change. It’s so much easier to do nothing than to tackle a problem, even if doing nothing is clearly a bad choice. Earlier this month, Chief Innovations Officer at Talent Think Innovations, Janine Truitt, discussed these obstacles and how to overcome them in a podcast with HCI.
She discussed challenges and some potential opportunities to get started with data, and even predictive analytics as they relate to recruiting, retention, and succession.
Analytics and the Future of Talent Management
Janine said lots of interesting things during this podcast, but one that stood out to us was how professionals overthink data and analytics. They hear the words “predictive analytics” or “big data,” and the next thing you know they’ve entered this state of decision-making paralysis.
Instead of falling into this trap, Janine suggests starting small and then expanding your capabilities over time. We said the other week, even a thousand mile journey starts with a single step.
For more information on data and analytics in recruiting, check out our new eBook, “An Exploration into the Depths of Recruiting Analytics.”