Disruptive new service leverages the power of Big Data and predictive analytics to forecast accurate talent sourcing plans and improve recruitment marketing effectiveness
SAN RAMON, Ca. – Nov. 27, 2012 – eQuest announced that its Big Data Division is launching Big Data for HR, an innovative new consulting service designed to give customers a significant competitive edge in candidate sourcing and selection. The service leverages the power of foresight and real-time analysis that enables companies to hire the right people at the right time to capitalize on business opportunities and increase profitability.
eQuest combines its one billion plus job performance records with employment data records from a wide variety of highly respected, third-party sources to analyze which job boards will deliver the best results for their specific campaigns. This “Sourcing Strategy Forecast” enables clients to allocate their time, money and staff appropriately for each open position. The forecast for the optimal sources and anticipated candidate flow results in reduced costs and faster decisions. Since talent acquisition is the strategic responsibility of HR, this unprecedented level of information creates competitive advantage.
Big Data for HR’s unbiased statistical modeling shows employers:
– How predictive analytics can be leveraged to forecast, with a high degree of accuracy, where job candidates are viewing and responding to jobs (by job board, job classification, title, location, skill set — even by day and hour — anywhere in the world);
– The real-time effectiveness of their current job advertising efforts;
– How to create more effective recruiting strategies while also more effectively allocating budget; and
– How to target candidates faster and more effectively.
“Until now, sourcing has been trial-and-error and talent acquisition analysis, by necessity, has been a hindsight-based activity,” said David Bernstein, vice president of eQuest’s Big Data Division. “Thanks to the pace at which we are able to collect and analyze Big Data, talent acquisition leaders can make faster decisions to better meet the needs of the business and improve profitability. No other company has amassed the type of data we have or can match its depth and breadth.”
Big Data for HR also provides employers with a “Brand Traction Index,” a measure that reveals how well an employment brand is performing in specific labor markets and for specific jobs compared to its competitors.
For more information on the Big Data for HR service, visit http://www.equest.com/products-services/big-data-for-hr/.
eQuest is the world’s dominant and most utilized job posting distribution company. Its primary customer base consists of the majority of the Global Fortune 500. It also provides job deliveries on behalf of the world’s largest Applicant Tracking Systems, ERPs, and job boards — managing another 20,000 companies through these channels. Present job posting deliveries average 250 million annually. Its Big Data for HR division collects approximately 5 million job board performance statistics weekly — making eQuest the Nielsen Ratings company of the HR industry. Other products include consulting, OFCCP compliance and audit protection, technology services, data analytics, Interactive media representation, SEO, and various predictive tools. eQuest was established in 1994. eQuest can be reached at www.equest.com.
Heath Davis Havlick