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Competitive Intelligence in Recruitment

Competition is getting more intense. Competitive Intelligence helps a company to learn and understand itself in regard to its complete industry by evaluating the specific industry, the competitors and the consumers with the updated information.

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Competitive Intelligence in Recruitment

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  1. COMPETITIVE INTELLIGENCE IN RECRUITMENT  © 2017 Talismatic - All Rights Reserved.

  2. WHAT IS COMPETITIVE INTELLIGENCE? TACTICAL Shorter-term and seeks to provide input into issues such as capturing market share or increasing revenues The process of collecting and analyzing information about competitors’ strengths and weaknesses in a legal and ethical manner to enhance business decision-making Competitive Intelligence helps a company learn and understand itself in regard to its complete industry by evaluating the entire market, the specific industry, the competitors and the consumers with the updated information. STRATEGIC Focuses on longer-term issues such as key risks and opportunities facing the enterprise © 2017 Talismatic - All Rights Reserved. http://www.investopedia.com/terms/c/competitive-intelligence.asp#ixzz4m2EZIpo8 https://www.linkedin.com/pulse/need-competitive-analysis-intelligence-recruitment-abhidi-solution

  3. © 2017 Talismatic - All Rights Reserved. HOW ORGANIZATIONS USE CI FOR HUMAN RESOURCE FUNCTIONS • CI skills actually help the HR in tackling dissatisfaction and retention of employees by studying the consumer and the industry data. Driving better people management through CI • It can help detect previously unobserved behavioural patterns and combine various data sources with machine-learning algorithms • Competitive Intelligence tools in Recruiting help in gathering information quickly and cost effectively Source: McKinsey

  4. © 2017 Talismatic - All Rights Reserved. CI FACTORS TO ELEVATE RECRUITING PERFORMANCE

  5. Potential Talent Flow Talent Flow Analysis is a process for describing and analyzing the flow of workers into and out of a targeted set of jobs that are most critical for the competitiveness of employers and the region in which they do business. To accurately Assess the Talent Inventory – Determine the necessary skills and competencies for best performance in a role Benefits of Talent flow analysis Formulate Sourcing Strategies – Geographically targeted campaigns to reduce cost per hires • It provides a complete picture of your talent landscape • Will Highlight factors that could influence the shift of talent • Identify large scale trends in the industry © 2017 Talismatic - All Rights Reserved. Source: US Chamber of Commerce Foundation

  6. Competitive Organization Mapping It is a granular breakdown of your competitor’s recruitment strategy The need • It is necessary so that a company can achieve better positioning in a hypercompetitive recruiting environment • Competitive Organization Mapping provides insights on what creates value to a particular talent pool © 2017 Talismatic - All Rights Reserved.

  7. Strategic Company Targeting Macro or Cross-industry Analytics can help companies identify which companies are their true recruiting competition so they can strategize accordingly. The identification & selection of potential companies that an organization competes with directly. How does it further the recruiting process? • In recruiting, it could be to identify and attain a specific set of talent that might be employed in a competing organizations • Understanding which companies to target can be complicated since at times. A company’s recruiting competition might be different from their business competition. © 2017 Talismatic - All Rights Reserved.

  8. TALISMATIC The Ultimate Competitive Intelligence tool for Recruiters © 2017 Talismatic - All Rights Reserved.

  9. DETERMINING THE IDEAL TIME-TO-FILL • Get a quick analysis of the time-to-fill taken by an organization versus its closest competitors. • Establish better timescales for recruiters and hiring managers to adhere to.  © 2017 Talismatic - All Rights Reserved.

  10. COMPANY-WISE OPEN POSITIONS • Find descriptive information on the locations that competitors are currently hiring for • Ascertain the competitive stance of your competitor for a particular region.  • Shed light on the weight of their workforce for that region.  • Companies can align themselves to mimic or out-do their competitors in terms of production, process or presence. © 2017 Talismatic - All Rights Reserved.

  11. UTILIZING THE RIGHT KEY-WORDS • Helps elevate the quality of jobs that a recruiter floats on a daily basis.  • Provides a quick look at the possible competition you might face in today's recruiting scenario.  • Shows a list of keywords that are relevant to a recruiter’s current search.  • Increases visibility and builds a more effective campaign with lesser time, money and efforts. © 2017 Talismatic - All Rights Reserved.

  12. Thank You For more recruiting intelligence, visit www.talismatic.com Or email us at info@talismatic.com © 2017 Talismatic - All Rights Reserved.

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