Recruitment and talent acquisition are major pain points in today’s corporate world. The pandemic followed by the great resignation has thrown the entire market into disarray. And although many companies have seen mass layoffs in 2023, getting the right fit for a job post still takes months and even thousands of dollars.
Tapping into real-time job feeds allows companies as well as job market researchers to come up with insights at a micro and macro level. They can spot trends and changes over a very short period and leverage those to their advantage. Some of the significant advantages of using real-time job feed Listing are:
Skillset analysis
The skillset required for a job changes over time. For instance, the role of a software developer requires knowledge of programming languages like Java and C++ as well as topics like Operating Systems and database management. Today, the skill set requirements are a mix of cloud platform knowledge such as AWS, GCP, or Azure along with problem-solving skills and lastly experience with any programming language.
The combination of the three allow software developers to pick up any project. This change is evident since “software engineer” is one of the most popular job roles today. To ensure you are aware of the changes in skillset requirements for every job role that you add a job post for, you need to get your hands on live job feed Listing data.
Salary Benchmarking
Offering higher than market salaries to new joiners while letting the salaries of existing employees stagnate can be a recipe for disaster and high attrition rates. Having a check on the market rates by consuming a live data feed can ensure that you set a salary band for each job role.
Job Posts Creation
Creating new job posts for filling empty roles may take a while. You may need to coordinate with multiple teams, go through numerous revisions, and more. A lot of manual effort is spent every time you need to advertise for a new position. This is evident from the fact that we often see job posts where the descriptions or the skillset are mismatched or the requirements in the job details seem to have been written for an entire team and not a single person. Instead, if you use a live job feed Listing to gather data, you can auto-generate job posts for any roles based on information stored in your database. This automated template can then be sent to the respective team for a final revision or customization.
Market Insights
As a company, your recruitment and talent strategy should go way beyond just hiring. For instance, a tech company may choose to have its main office and development team in a tier 1 city but set up its support team in a smaller town. This can benefit the company in many ways–
However, for doing this, you would need live job data to figure out which smaller towns are seeing a growth in tech jobs. Other such aspects of the job market can only be ascertained with the help of a live job stream.
Competitive Intelligence
Understanding the job market also allows you to be aware of what your competitors are up to. Suppose you own a grocery chain, and you realize that all your competitors are steadily hiring more and more data analysts to work in departments such as supply-chain management, logistics, and warehouse management. This can help you understand that you will be needing tech to stay in the game and can lead you to change your business strategy. Following on, you would be hiring the personnel required and setting up your data-science team so that your business can work more efficiently. Getting your hands on the hiring trends of your competitors can give you a clear picture of their business strategy and long-term goals.
Efficient Recruitment
The old way of having your Human Resources team go through tons of job applicants to find the right candidate is done and dusted. Today, we use machine learning algorithms to find the best fit among an applicant pool. However, you will need to train your machine learning algorithms on tons of data to ensure lesser chances of false positives. Training your job-applicant matching models on a live data stream reduces the chances of mistakes and keeps your system abreast of any new trends seen in the data. For example, if your ML model sees that a growing number of job posts for “data engineer” require Python, it will search for the word ‘Python’ in the resumes of your applicants.
Targetted Recruitment Campaigns
Getting a bird’s eye view of job feed Listings can also give you an idea of what companies are offering to get better talent. While good salaries are often the main cake, companies also offer added benefits like paid time off, remote or hybrid opportunities, and more. Understanding the common benefits offered for certain job roles can help you create targeted recruitment campaigns that are bound to draw in a crowd and help you get access to better job applicants.
Improved Candidate Quality
If you incorporate data to upgrade your hiring flow, it will not just be easier on your HR team but also more palatable for the candidates. This will give you access to better candidates which in turn will reduce your screening time. It’s a cycle that only gets better in the long run as you keep using new data. A better hiring experience can also mean more referrals.
Our cutting-edge in-house tool, JobsPikr, offers seamless integration into your business workflow or hiring system, providing a live feed of valuable job market insights. With JobsPikr, you can uncover global trends and gain actionable data to enhance your hiring and talent acquisition strategy.
Designed for efficiency, JobsPikr is a ready-to-use job scraping tool that delivers immediate value. Simply let us know your specific data filters and how you want to integrate the job feed Listing data into your existing system, and you’re all set to go!
