In today’s dynamic landscape of talent acquisition, workforce analytics has taken centre stage. It helps organisations make informed decisions, improve talent strategies, identify trends, and increase talent retention through data-driven methods.
This guide will discuss workforce analytics, its benefits, and examples from Pontoon Intelligence – a solution that can take your talent strategy to the next level.
Workforce analytics is the systematic collection and analysis of data on jobs, requisitions, workers, and talent communities. Informing the company’s overall talent strategy, workforce analytics can indicate the locations to find specific types of employees. It can show the average time to fill, i.e. the duration required to fill a specific position. And finally, it can identify the most suitable staffing suppliers for hiring contingent workers.
For instance, using Pontoon’s Time-to-Fill Estimator, you can estimate the time it takes to fill a given position. Use this tool to find out how long it takes for a job posting to be accepted after it is released. With this tool, your hiring managers will be able to discover which locations have faster fill times. The Time-to-Fill Estimator helps you plan your workforce better and use data to set realistic expectations for your talent strategy.
For example, Pontoon offers a helpful tool called the Supplier Recommendation Engine. It assists our Managed Service Provider (MSP) clients in choosing the right suppliers objectively, improving the efficiency of contingent workforce management programmes. This tool uses algorithms to analyse past performance and predict which supplier is most likely to meet a customer’s needs.
When a client wants a job in a specific location with a budget, they can enter the details into the system. The Supplier Recommendation Engine not only gives you a suggestion based on facts but also guides you through the available options. Our clients can easily understand and customise the tool to meet their business needs.
HR analytics has several benefits. These include better talent retention, improved recruitment success, and increased visibility into the candidate funnel and process steps. Workforce analytics equips organisations with the ability to recognise patterns and trends, thereby enabling data-driven decisions that drive business growth.
With Pontoon Intelligence, you can unlock the potential of your talent strategy, and take it to the next level. Pontoon Intelligence encompasses a suite of tools and interactive dashboards for intuitive data visualisation. Powered by AI forecasting, machine learning, and data analytics, Pontoon Intelligence is your ultimate destination for market intelligence, predictive analytics, and operational insights. Designed exclusively for Managed Service Providers, Recruitment Process Outsourcing, and Services Procurement clients, Pontoon Intelligence is the proactive solution for workforce analytics.
Improve your workforce planning with Pontoon Intelligence. It gives you up-to-date information on hiring, programme performance, retention, and more. These insights help organisations plan for future talent needs and make informed decisions to improve productivity and drive business growth.
Pontoon Intelligence generates comprehensive predictive data insights into workforce metrics. These include programme key performance metrics, talent supply and demand reporting, supplier performance dashboards, and much more. These capabilities empower HR leaders and stakeholders to make evidence-based decisions, ensuring continuous improvement and alignment with business objectives.
We understand that implementing new technology can be daunting. That’s why Pontoon Intelligence comes with an intuitive and user-friendly interface. You don’t have to be a data expert to leverage the power of Pontoon Intelligence. The platform is easily accessible to all users, empowering your entire HR team to make data-driven decisions with confidence.
Are you a first generation MSP? Or do you hire 20,000 permanent employees through an RPO? No matter the scenario, Pontoon Intelligence can scale to fit your company’s needs. Eliminate data silos and get a comprehensive overview of your talent ecosystem today.
