Labor Market Data Fuels Strategic Workforce Planning
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Labor Market Intelligence provides insights into talent supply, demand, compensation, skills, retention, and more to aid strategic workforce decisions.
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Uses cases are expanding beyond recruiting and compensation to areas like location strategy, skills identification, competitive intelligence, DEI, retention, and illustrating career pathways.
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To maximize value, organizations should ensure data quality, integrate internal and external data, and incorporate insights into business and workforce planning.
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The shifting talent market has made future workforce planning an influential factor in business success, so monitoring industry workforce dynamics is key.
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By combining internal workforce data and external labor market intelligence, organizations can enhance decision-making and stay competitive in sourcing, developing, and retaining talent.