Using data to build a more robust talent strategy can involve several steps. Here are the steps your should take in order to successfully achieve a data driven approach to talent:
- Gather data on current workforce: This can include information on employee turnover, job performance, and skillsets. This data can help you identify areas where your talent strategy needs improvement.
- Analyze data on your target market: This can include information on the skills and qualifications required for specific roles, as well as data on the labor market and the availability of specific types of talent.
- Use data to inform your recruiting efforts: By analyzing data on your target market, you can determine where to focus your recruiting efforts and what types of candidates to target.
- Use data to inform your employee development efforts: By analyzing data on the skills and qualifications of your current workforce, you can identify areas where employee development is needed and create targeted training programs.
- Use data to measure the effectiveness of your talent strategy: By gathering data on employee turnover, job performance, and other metrics, you can measure the effectiveness of your talent strategy and make adjustments as needed.
- Use data to make strategic decisions: By analyzing data on the workforce, job market and recruiting efforts, you can make strategic decisions around workforce planning, budgeting and forecasting.
- Use data to make data-driven decisions: By using data to inform your talent strategy, you can make data-driven decisions that are based on facts and evidence, rather than assumptions or guesses.