Tool Applies BI to Talent Market

Susan Hall
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Top 10 In-Demand Tech Skills for 2011

I wrote back in November that the European Union has set out a formal agenda to address the mismatch between workers' skills and available jobs. Its plans include an online tool called the "EU skills panorama," to be launched in 2012, that's basically a public clearinghouse of job information from member countries, so workers and employers can better find each other.


That post came to mind while reading a press release saying that WANTED Technologies is rolling out a business intelligence tool called Hiring Scale to provide detailed insight into the supply and demand for workers to fill a specific job. It's an enhancement to its analytics platform.


President and CEO Bruce Murray is quoted, saying:

We have combined real-time hiring demand information with detailed estimates of candidate supply to create a simple, easy-to-understand measurement. We can tell employers how hard it may be to fill any kind of job. ...
... If they know that competition in the local market is fierce, then they can direct their recruiting to other markets that have an ample supply of candidates and lower demand from competitors.

It doesn't specify where the company gets the information to know how many candidates in a specific market have the particular skills in question, so that would be interesting-if not creepy-to know. The release does say that the company is the exclusive data provider for The Conference Board's Help-Wanted OnLine Data Series, the monthly economic indicator of hiring demand in the United States.


It's certainly not the only company trying to do this. I regularly get emails from job search engine about the degree of difficulty of finding a job in specific markets, though not with the level of granularity that WANTED is offering.


With CIOs under ever-more pressure to drive business growth-and worried that difficulty in hiring could torpedo their projects-no doubt they will welcome any help they can get.


This is a subscription service, so only companies that hire regularly are apt to use it. It costs $195 a month or $1,950 a year. A free trial is available here. (Skip the animation.)

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