Transforming talent acquisition: An introduction to predictive analytics in recruitment
In the age of data, recruitment is undergoing a seismic shift. Predictive analytics is at the forefront of this revolution, supporting talent acquisition with data-driven insights while facilitating more precise decision-making than ever before. But what is predictive analytics and how exactly can it enhance your recruitment processes?
Predictive analytics (PA), simply put, uses historical data to forecast future outcomes. In recruitment, predictive analytics is like having a crystal ball that provides insights into hiring lead times, future employment needs, potential employee performance, and retention rates.