Standby Talent has a concise post about the intersection of staffing and big data.
There are a variety of ways that big data can assist with the recruiting process. This is why it is becoming so popular. Some of the most common ways that it assists with the recruiting process are listed below:
- Cost per hire by source – This allows the organization to monitor the ROI for their sourcing and recruiting activitie
- Time to fill by position title – This allows the organization to know how long it takes them to fill various positions. Therefore, they can see understand the talent supply and demand
- Requisitions per recruiter per month – This allows them to see which recruiter is capable of handling hefty workloads.