Public Web Data Guide for Talent Sourcing and Talent Intelligence

Enhance team distribution

With employee data you can use several data points, such as title and company name, to see how your better-performing competitor distributes its team and generate insights that could enhance your own strategic talent allocation.

Maybe they have more salespeople who drive more revenue and focus less on social media presence, or maybe it’s the opposite. Either way, by doing such research on several of your competitors, you might notice a trend and find an optimal way to improve your workforce.

Find more best-fit talent for open positions

If you’re looking to expand your workforce and hire new talent, employee data can help you do it faster and more efficiently. By working with a public web data provider, such as Coresignal, you would receive employee data which you can use to generate a list of candidates based on their experience, location, education, and more.

It eliminates the hassle of manual search and waiting for the right candidates to apply for the position. With employee data, you can take an active approach and fill your vacant positions faster.

The most useful data points to use for talent sourcing would be the ones indicating the location, industry, and job title of the employee, as well as the name of the company they worked at.

Enhance your HR platform

Talent intelligence platforms can open up new horizons by integrating employee and job posting data. For example, it becomes possible to match people to open positions, enhance your understanding of the labor market, and enable strategic workforce planning.

Match candidates to open positions

By identifying job requirements and candidate skills and experience, you can match people to open positions more effectively. With this solution, talent intelligence platforms can provide the best talent to their clients.

If you want to check the profiles for changes, there are two main ways to go about it:

1. Coresignal DOESN’T refresh employee profiles that haven’t changed since last month. Therefore, if the profile wasn’t updated and no additional recommendations had been added, it indicates low intent to switch jobs.
2. Coresignal DOES refresh the employee profiles that changed any of their profile parameters. Therefore, it means that the person might be looking for new challenges and could signal a higher intent to switch jobs.

Improve your understanding of the local labor market

Also, employee and job posting data allows us to better understand the labor market. By scanning the resumes in a certain location (i.e. Washington), you can identify what skills are abundant in a region and it could signal that it’s advantageous to place a new office or a new branch there. It indicates that it might be easier to find new talent there and the client’s business could grow at above-average rates.

Plan your workforce more strategically

Strategic workforce planning is another benefit that employee and job posting data enable for talent intelligence platforms. With it, you will be able to predict your client’s future hiring needs based on the data you collect about similar companies in the industry. With job posting data you will be able to see how another company expands and anticipate similar behavior from your client. The best way to track the expansion with data is to constantly check if the company puts out any new job ads and see their titles, locations, and descriptions. This way, you can convert a one-timer to a regular client and grow both of your businesses.

Increase coverage

Talent sourcing platforms require huge amounts of data to be able to provide best-fit candidates to their clients. Simply put, the more data about professionals you have, the better is the chance that your database will contain the best talent for a certain position.

Data is the fundamental ground upon which talent sourcing platforms are built. They mostly depend on data coverage and freshness. Once you have ingested the data into your talent sourcing platform, then it’s possible to look for ways to enable unique features that will make you stand out from the competition.

Final thoughts

Employee and job posting data help both companies and talent intelligence platforms make the most of talent sourcing. Companies can use it to find better candidates for open positions and enable data-driven hiring decisions, whereas HR platforms can provide their clients with best-fit talent and significantly improve their workforce while saving them a great deal of time and money.

However, working with public web data, although beneficial, requires a certain level of expertise in data science. If you don’t know how to proceed with data, I also wrote a guide explaining how to prepare for working with public web data.