This post was originally published on this site
For years, we’ve been helping job boards and others in the recruitment tech industry fuel their products with reliable labor market data that we maintain meticulously and monitor constantly. As we’ve grown our data repository, however, we’ve discovered more and more business cases it can support.
Here are four of the most popular use cases for the labor data and labor market analytics Aspen Tech Labs can provide. If any of them sounds like something that could help your bottom line, don’t hesitate to reach out.
1. Turbocharge Your Recruitment & Staffing Efforts
Knowing what the competition is doing is an important part of every aspect of running a business – including recruitment. Labor market data can provide that intelligence via several routes:
Wage benchmarking: At the simplest level, employers should know what kind of wages their competitors are paying. Our wage benchmarking tool lets employers research wages by job title, location, employer, and more. Competitive research: You can also look at labor and hiring data from your direct business competitors. Are they beefing up their delivery team ahead of the holiday season? Are they offering signing bonuses for seasonal summer workers? Are they disclosing salary data in job listings
