Unlocking business intelligence with 365Talents’ Job Benchmark analytic capabilities
HR managers face many challenges in maintaining up-to-date and competitive job descriptions, as the traditional approach to crafting them is no longer sufficient to meet the evolving demands of the market and attract top talent. Recognizing these pain points, we would like to introduce a groundbreaking feature: the Job Benchmarking powered by AI and Generative AI integration.
What HR teams need to do to face challenges
You may ask yourself: “ok, I know it’s complicated for my team and me. But what do I need to work on? How can I face those challenges?”
Here is a non-exhaustive list:
- Maintaining accuracy: HR managers must ensure that job descriptions are aligned with current responsibilities and industry requirements. The rapid pace of technological advancement and evolving industry practices exacerbate this challenge.
- Identifying key skills: Adapting job descriptions to encompass the essential skills demanded by the market requires a comprehensive analysis and understanding of industry trends.
- Staying ahead of trends: HR managers need to be aware of internal and external market trends to ensure their job descriptions are competitive and aligned with industry standards. For instance, marketing and communications were skills in demand and very popular ten years ago. Today, AI and data jobs are taking over.
- Remaining competitive: In a competitive job market, ensuring that job descriptions remain attractive to potential candidates and are aligned to current market trends is essential for talent acquisition and retention.
Doing these can be difficult for HR teams, especially when a company has thousands of employees. How are they supposed to identify essential skills and new trends, while staying competitive, when updating the job descriptions for each role within the organization?
Fortunately, 365Talents understands this issue and has the solution!! Learn more about one of our latest features, which can save you time and be more effective.
Introducing Job Benchmark by 365Talents
Job Benchmark transforms the way HR managers approach job description management. This feature offers a comprehensive solution to the challenges outlined above by harnessing the power of our AI and Generative AI integration.
With this new release, we enable our clients to identify the most relevant skills to align with their job descriptions, even challenging existing ones, particularly in specific or emerging professions.
Pierre-Emmanuel Henry
,Product owner
What are the benefits
- Enriching job descriptions:
Job Benchmark analyzes the most declared skills within an organization and compares them with the broader job market. This process uncovers unexpected skills that may not be currently listed in job descriptions, enriching them to better reflect the realities of the organization and industry trends.
- Revealing new skills:
Understanding the evolving landscape of professions is key for organizational success. Job Benchmark identifies skills outside those traditionally listed in job descriptions, allowing HR managers to adapt to emerging market demands effectively.
How Job Benchmark Works
Internal Analysis: Leveraging AI technology, Job Benchmark quickly identifies skills required for job descriptions by analyzing declarations made by employees. It provides insights into the most frequently declared skills and those held at the highest levels of expertise, beyond those listed in the existing job description.
This section provides two lists of skills associated with the selected business line.
- The first list shows the most frequently declared skills by employees, beyond those listed in their job file, and the second shows the skills for which the greatest number of employees have declared the highest level of expertise. Each list lets you view detailed information about a suggested skill by clicking on it.
- The "Most Frequently Declared Skills" list shows the number and percentage of employees declaring each skill relative to the total number of employees attached to the job card, and the "Highest Levels of Expertise Held" list allows you to identify skills, not included in the job card, where you have the most experts.
External Market Analysis: Powered by GenAI integration, Job Benchmark highlights key and emerging skills in the job market by analyzing data from thousands of relevant external sources. It identifies skills declared for similar job descriptions outside the organization, enabling HR managers to stay aligned with industry standards and anticipate future skill requirements.
In this section, you'll also find two lists generated from data extracted and analyzed by AI.
- Skills for your job description: This list displays the AI's suggestions for relevant skills for your job description. Sorted by relevance, these skills may not currently be in your skills framework. If they aren’t, they'll be marked with a specific icon so you can add them.
- Emerging skills on the market: This list identifies new skills associated with the selected job to help you anticipate changes and train your employees in future skills. Skills not currently in your skills framework will be marked with a specific icon so you can add them.
- By clicking on a skill in either list, you can view detailed information about it and be redirected to 'Statistics by skill' if it's in your skills framework.
- The 'Discover' button provides additional information on each suggested skill: a description, an explanation of its relevance to the job you are benchmarking, and a selection of relevant related articles.
The role of AI in Job Benchmark
AI plays a pivotal role in Job Benchmarking by facilitating both internal and external market analysis. It predicts affiliations between job profiles and employees, identifies recurring and emerging skills and generates detailed descriptions of detected skills. Additionally, AI selects relevant articles to provide further insights into each skill, ensuring that HR managers can access comprehensive information for informed decision-making.
The combination of 365Talents’ AI and GenAI allows our customers to have the best of both worlds. We will be able to compare the real-time data analysis specific to the client with external analysis to achieve bolder results.
Pierre-Emmanuel Henry
,Product owner
Supporting organizations in their successful strategic organizational transformation journey requires both productivity and adaptability to market changes.
With this objective in mind, 365Talents has developed innovative tools to assist HR professionals in navigating these challenges effectively.
One such tool is Generative AI, meticulously crafted by 365Talents to elevate HR productivity and analysis. GenAI encompasses a suite of features, including a job description generator, job benchmarking, and skills vision. These functionalities collectively facilitate the creation of precise job descriptions, discovering emerging skills, and aligning employee competencies with company objectives, thereby enabling strategic HR planning.
Our Job Description Generator empowers HR managers to swiftly craft tailored job descriptions that resonate with current market demands, conserving valuable time and resources. Generative AI alleviates the burden of crafting job descriptions for unfamiliar domains while ensuring the skills ontology remains up-to-date.
Recognizing the importance of accurate job descriptions in attracting suitable candidates, 365Talent’s Job Benchmark dynamically adjusts job requirements in response to technological advancements and evolving skill sets, ensuring that job descriptions remain relevant and competitive. This innovative feature also unveils latent skills within job descriptions and offers insights into prevailing industry trends, thereby empowering HR managers to maintain a competitive edge in talent acquisition.
In response to specific organizational challenges, 365Talents' Skills Vision offers tailored action plans informed by pertinent articles and industry insights. By guiding how individuals in various job roles can contribute to these action plans, Skills Vision equips organizations with the requisite skills to drive strategic projects. Furthermore, organizations are empowered to proactively address skill gaps and nurture a well-equipped workforce to thrive in an ever-evolving landscape by identifying emerging skills essential for success in the given context.
In conclusion, Job Benchmark offers a transformative solution for HR managers grappling with the complexities of job description management. By leveraging our AI and GenAI integration, organizations can ensure that their job descriptions remain accurate, competitive, and aligned with industry trends. Embracing Job Benchmarking is not just a step towards optimization, it's a strategic imperative for organizations looking to thrive in today's ever-evolving business environment.
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