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The Talent Equation: Big Data Lessons for Navigating the Skills Gap and Building a Competitive Workforce

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"Companies that can unleash the passions and gifts of their people will have a competitive advantage in the landscape of the future--becoming curators instead of keepers of talent. This book gives readers some of the keys to cracking that code." --CARLEEN HAAS, VICE PRESIDENT AND CHIEF TALENT OFFICER, HUMANA At every stage of the employee life cycle, a data-driven approach to HR can help companies make smarter decisions about their most important their people. In the wake of the greatest shock to the labor market since the Great Depression, companies are faced with looming skill shortages, retention concerns, and questions regarding the most effective composition of their workforce. The Talent Equation shows you how to navigate today's hiring climate and drive your business forward. Matt Ferguson, CEO of CareerBuilder, offers hiring professionals and business leaders a roadmap to attract and retain top talent. Ferguson and coauthors Lorin Hitt (Wharton School) and Prasanna Tambe (NYU's Stern School) commissioned a landmark big data study of more than 2,700 employers and 33 million resumes to find the relationship between market performance, education attainment, and employee tenure. The findings are enlightening--and quite surprising. The Talent Equation

256 pages, Hardcover

First published January 1, 2013

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299 reviews5 followers
April 16, 2014
The Talent Equation
Big Data Lessons for Navigating the Skills Gap and Building a Competitive Workforce
Matt Ferguson, Lorin Hitt, Prasanna Tambe
McGraw-Hill Professional

The Talent Equation examines the relationship between personnel and big data. In particular utilising data to recruit, train and retain employees.

Companies using big data to analysis consumers has been occurring for years, and large companies particularly are good at collecting and analysising this data. This book looks at how to apply this same concept to human resources.

The Talent Equation encourages companies to focus data analysis to enable them to find, train and retain the right people, in spite of potential skills shortages, resources limitations, and other recruitment challenges.

There will be two readers of this book. Firstly the Human Resources Managers of companies, wanting to improve their recruitment and personnel departments, as well as reducing costs from frequent hiring processes. They will learn how to analysis the data provided from job seekers, and the available data in the marketplace, as well as develop big data records with analysis for existing employees.

The second to benefit of this book will be job seekers, who will gain insight in how organisations are recruiting and using data.

The book is full of data, reports and examples, and will take a HR department a while to break down into manageable action plans. Once done though it will place them ahead of their competitors.
4 reviews
December 15, 2016
Excellent analysis of the job market. If you work in hr you should read this book.
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