Wednesday, February 12, 2020
Every employer wants the best talent – and today, that means leveraging the best insights to make proactive, informed hiring and retention decisions. It’s no longer enough to rely on assumptions or best guesses. Organizations that leverage data to anticipate and predict are the ones that come out ahead.
That’s why we’re giving you an inside look at our data science and AI-driven market benchmarks in our new Workforce Management Benchmark Report. Launched today, our new labor market analysis explores and predicts talent volatility across major industries, job functions, metropolitan statistical areas (MSAs), and states. How you benefit: It’s the data-driven insights and context you need to make accurate, cost effective workforce decisions, hedge your retention risk, and build a strong talent pipeline.
Our proprietary AI models track more than two thousand events, triggers, and shocks that can impact employment volatility, based on more than a billion data points and 40,000 sources – every month. Here’s what we uncovered looking back over 2019:
What does this all mean?
These insights enable employers to be smarter and faster than their competition for talent . For organizations ready to hire, knowing the cities and states with the highest levels of workforce volatility can help you determine where to look for and source new talent. If you’re searching for an experienced software engineer to join your team and know that workers in San Francisco are more likely to be open to new opportunities than those in other tech markets like Boston and New York, you’ll confidently focus your efforts on candidates in that area.
From a retention standpoint, understanding which job functions are most likely to be open to unsolicited recruitment messages positions organizations to stay ahead of turnover. If you know that marketers in general are likely to consider new opportunities, you might want to take a closer look at those roles within your own organization and understand any internal factors that could persuade these folks to leave.
The most competitive labor market in our generation will get tighter and more competitive in 2020. To stay ahead, and learn more about U.S. workforce volatility, download the full Workforce Management Benchmark Report.
This annual report is the first in a series of analyses that will be made available to the public. Check back each quarter for updates.