The Labor Market Intelligence offerings focus on gathering, analyzing, and sharing data regarding employment trends, skills demand, and workforce demographics to guide business and policy decisions. They gather data from various sources such as government agencies, private firms, research institutions, consultancies etc. They offer tools and services that analyze and interpret employment trends (compensation, unemployment, size/composition of available workforce), workforce skills (supply, demand, availability by location, disappearing/emerging skills), and economic shifts. These insights are used by businesses, educational organizations, job seekers, and policymakers to make strategic decisions, develop policies, and navigate the employment landscape effectively.
Talent analytics tool helps in tracking the performance of HR processes and program investments in conjunction with business performance. Talent analytics tool provides HR professionals and business leaders with a more data-driven approach to managing talent and making informed data based decisions about workforce planning, talent acquisition, development, attrition, and retention. By leveraging data and advanced analytics techniques, organizations can gain a deeper understanding of their people metrics and identify areas for improvement, leading to increased efficiency, productivity, and overall business performance. Talent analytics tool offers data visualization in various forms of data representation for better insights and understanding. Advanced analytics help to predict future outcomes based on historical data and workforce planning helps organizations monitor the workforce and plan for future workforce needs through forecasting and scenario planning. Predominant users include HR managers, recruitment professionals, hiring managers, and Human Resource professionals.