New Talent Solutions: Talent Insights by LinkedIn
“Talent Insights,” a tool for an enhanced talent search has been recently launched by LinkedIn. The product brings newer and higher level of transparency by identifying an organization’s future needs in terms of skills, experience, and industrial experience. Talent Insights uses the data from LinkedIn and allows the HR folks to evaluate where the talent is getting lost and to know where new branches need to be established. This has created a way for more than 575 million users, 20 million companies and 15 million active job listings on the LinkedIn page.
LinkedIn has launched many services that make the platform what is beyond being a social network. One among its latest launches is Talent Insights. There are two parts of Talent Insights: one is the talent pool, and the other is the company report. “Talent pool” focuses on people and “company report” focuses on data about the company. Talent pool provides deep insights of the target talent and helps in workforce planning by providing details on labor market trends and searches the LinkedIn database to discover talent with same qualities, skills, and qualifications which are similar to those of already working employee’s and fetch information on where the candidates are currently present. Company report provides competitive intelligence to compare the company to peers in the industry and enables easier comparison of areas like relative education levels, schools of respective workforces, and interpersonal skills.
Most of the data that is being used for Talent Insights are primarily taken from LinkedIn itself although there are other sources for procuring more data. Though LinkedIn is the biggest repository of data, the information may not always be accurate, and in some cases, it might be wholly outdated or misleading.
LinkedIn has planned to launch a new service “verified”-style profile to validate if people are who they say they are, where they claim to work, and their background. The main intention behind bringing this service is to achieve high transparency and authentication.