When we think of recruiting processes in the more traditional way, many companies tend to rely on intuition or luck rather than data, which most of the time is less effective for gathering and analysing results. Often, recruiters and hiring teams can only take a guess at whether their hiring methods are effective.
There’s a better way to do this: at Adzuna we have a wide range of software and analytics tools available to support companies, making it easier for anyone to create a data-driven recruiting process. Adzuna also provides data analysis tools, which help companies make better decisions.
In the UK and across the world, labour shortages are currently a reality, with inflation concerns and high interest rates piling extra pressure on businesses. On top of that, the post-pandemic era has driven many exits and early retirements among the workforce, and the participation rates haven’t yet recovered. In response, the supply chain hired has been at unnatural levels to record demand. It is only now that the industry seems to be cooling down.
Staffing companies who have the right data can leverage uncertainty to their advantage. By using Adzuna data to make a better sense of market conditions and tell the current story, you can navigate dynamic environments, confidently optimise client offerings, and increase bill rates.
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What is data-driven recruiting?
Data-driven recruiting is when you make use of the available metrics and stats to guide your decisions when hiring. That can be from selecting the right candidates to creating your hiring plans. Recruiting teams that use data are more likely to be more efficient, reduce costs and to have an improved hiring process.
Why is the use of data important for recruiting?
Hiring managers usually have a lot to deal with and for some recruiting is often not the top of their list of priorities, which doesn’t help them to make decisions. However, this is where using Adzuna can help! We can offer job of recruiters a way to be proactive partners and to keep hiring managers up-to-date by providing relevant data on their job search. We can also do that through our unique reports.
Supply, demand, and compensation: the data that you need
It is important to take into consideration at this point how much of the workforce is available, how many employers want these workers, and how much they’re being paid. For instance, if you’re trying to fill a requirement in a market with low supply and high demand, and your client is offering a wage much lower than the going rate, you need the right information to explain the situation.
Numbers are important when we are talking about the labour market. When you bring unbiased data to the discussion, navigating through client conversations becomes less complicated. Using Adzuna allows you to have access to important data points that help you to have a clear overview.
Looking for high-quality candidates in volume for your company? We’d love to help. You can learn more about how we can help or get in touch with us here.
Read more: The metrics that separate the good from the great in volume hiring