Understanding Talent Intelligence: What You Need to Know

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In the world of recruiting and hiring, recruiters are faced with an aging workforce and a market of potential candidates who are lacking numerous important skills. Recruiting professionals must look for new solutions to continue sourcing the best possible job candidates.

Many companies are turning to artificial intelligence (AI) solutions to find their ideal candidates. In looking for better hiring solutions, more and more hiring managers are looking toward talent intelligence—the use of technology, insights, and collected data as an integral part of the hiring strategy in all stages. In short, talent intelligence just means “hiring smarter.” So how does talent intelligence look when worked into a company’s hiring and recruitment strategy?

What Is Talent Intelligence?

One of the biggest burdens facing hiring managers is the sheer number of candidates and applications on file. Hiring managers are bogged down with sifting through resumes, which takes away the time they could be spending meeting face to face with candidates who have the most potential.

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The experience of talking and meeting with someone personally is extremely valuable when finding the right candidates for a job, but with the vast number of resumes that hiring managers need to work through, the process is less than ideal. Talent intelligence is a way to ensure that the right candidates get seen by the hiring manager, making the process of hiring more efficient and smarter.

Using talent intelligence tools means that businesses can harness a much larger pool of information to prescreen candidates. This delegation of the tedious business of finding the right resumes in a big pool means that the hiring manager can instead spend time focused on the human aspect of hiring. The recruitment and retaining process is most successful when experienced hiring managers use their instincts and expertise to find the best candidates. By using an AI tool or database to find applicants that meet their base requirements, hiring managers can abbreviate the entire recruitment process and give candidates the best opportunity to showcase themselves in face-to-face interviews.

How Do They Work?

There are several talent intelligence tools available. One good example is the Censia Talent Intelligence Platform.

The Talent Intelligence program can speed up the hiring process by eliminating the need for manual work and boosting efficiency for all staff members. Instead of using a typical keyword search across resumes with information taken from the job description, Censia’s program allows users to model the ideal candidate for a job using examples of real people. Top performers in your company and across your industry can help generate an example of what an ideal candidate will look like. This helps narrow the focus to what qualities really make a good hire, not just what the job description says will make a good hire.

The AI tools can model an ideal candidate using up to 140 different attributes to produce an easily searchable and completely comprehensive profile. The AI will also suggest different terms based on the information you input, and your candidate matches will change as you take the AI suggestions and incorporate them into your ideal candidate profile. The candidate models Censia creates make a point to exclude any attributes that are a part of human bias, making sure that the best candidates are hired no matter what.

Censia Talent Intelligence is powered by a huge scalable data platform containing the profiles of nearly half a billion professionals around the world. In creating a standardized Golden Record profile for every candidate, data science can be used effectively to screen through the incredible number of available records. Because these tools can allow recruiters to access a list of ideal candidates in a matter of minutes, efficiency can be boosted more than 10 times what it typically is.

With these tools, your company will be able to improve the overall candidate experience and focus on bringing in the best people that will truly fit your company, team, and the job.

Prioritizing the Human Approach

In general, talent intelligence tools show the most promise when used as a supplement to human recruiters with years of experience in finding the best candidates for a particular position. Using the technology can help cut down on manual work and make getting people in the door for an in-person interview much easier. That, in turn, allows recruiters to spend more time getting to know a potential candidate.

Keeping a human touch allows the technology and data to be directed with a clear purpose in mind, helping organizations make smarter hiring decisions and ensuring that they will be strengthened and prepared for future changes.