Organisations have long understood the importance and value of utilising the terabytes and petabytes of data they collect and store.
NGOs use big day to help Governments deliver better public and social services. Energy companies use big data to analyse information about power consumption to lower customer costs and extract environmental benefits. The Weather Company monitors 20 terabytes of data every day to produce the most accurate weather forecasts ever known. Today, the access we have to data is unprecedented and the benefits of putting it to best use can be hard to calculate.
Recruitment data is no different from information collected by Governments, NGOs and global blue chips, however the industry can be a little slow in realising the benefits to the wealth of data available. As an in-house recruiter, the question you should be asking is “what do I need to know from my recruitment data?”