{"id":75494,"date":"2022-05-04T17:17:33","date_gmt":"2022-05-04T16:17:33","guid":{"rendered":"https:\/\/www.bullhorn.com\/uk\/?post_type=customer_blog&p=75494"},"modified":"2023-01-11T22:25:35","modified_gmt":"2023-01-11T22:25:35","slug":"real-time-analytics-for-growing-recruitment-agencies","status":"publish","type":"customer_blog","link":"https:\/\/www.bullhorn.com\/uk\/customer-blog\/real-time-analytics-for-growing-recruitment-agencies\/","title":{"rendered":"Real-Time Analytics for Growing Recruitment Agencies"},"content":{"rendered":"

In this new digital age, data is everywhere. Organisations around the globe are making strides towards digital transformation, and the recruiting industry is no exception. But how can recruitment agencies utilise this wealth of data to best inform their decisions? <\/span>We heard from Wilson Reed, Product Marketing Manager of Analytics, and Chris Little, Sales & Strategy Specialist, Analytics, to learn how cubeGrowth can help you use analytics to make more informed business decisions, maximise your margins, make placements faster, and improve the value that you\u2019re bringing to your clients.\u00a0<\/span><\/p>\n

Read our recap below, or <\/span>watch the full webinar here<\/span><\/a>.<\/span><\/p>\n

The challenge<\/h2>\n

The recruiting industry is <\/span>undergoing a massive shift toward digitalisation<\/span><\/a> due to increases in technology reliance from an increasingly remote workforce as well as rising expectations from both clients and candidates. Recruitment agencies are grappling with this intense change and need to continue to make smart operational decisions aligned with their organisation\u2019s long-term strategy for growth.<\/span><\/p>\n

As a result, now more than ever, agencies are turning to <\/span>their ATS<\/span><\/a> to make smart decisions in this tricky landscape. The recruiting industry is looking for actionable, real-time data to connect their financial decisions to their operations. But while 91% of these agencies are trying to use data to make these critical decisions, about half of these companies don\u2019t trust their data. Additionally, only about 13% of these business are leveraging automation to process their data and make it usable.<\/span><\/p>\n

Ultimately, businesses want to be data-driven, but there are barriers to success that get in between businesses gathering data and acting on it.<\/span><\/p>\n

The data path<\/strong><\/h3>\n

Becoming data-driven is a journey, and it won\u2019t happen overnight. When we discuss establishing a data-driven culture as the foundation for elite performance, we talk about it in four stages.<\/span><\/p>\n

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  1. Flying blind:<\/b> This first stage is when companies are using data, but not in a uniform way. This might look like individuals using separate spreadsheets with no single source of truth to unify efforts.\u00a0<\/span><\/li>\n
  2. Hindsight<\/b>: According to a poll at last year\u2019s EngageX event, roughly 75% of all customers place themselves in this stage. Here, companies do have some sort of automation, but there still remains an over-reliance on manually created spreadsheets. Frequently, a single person is responsible for distributing information, but there\u2019s often a significant lag time between when this information is gathered and when it\u2019s distributed. By default, because of this bottleneck, this information is always in retrospect. It also tends to be purely volume-based: \u201chow many of this or that have we done?\u201d The problem with past data is, of course, that you can\u2019t change it.<\/span><\/li>\n
  3. Oversight: <\/b>This is a difficult stage to operate in. Companies in this stage have already invested in analytics tools, but information tends to sit with management. Companies might not have the mechanisms to change or improve performance; instead, they only have visibility into what\u2019s going on. Many organisations see this stage as \u201cgood enough.\u201d<\/span><\/li>\n
  4. Foresight: <\/b>Bullhorn Analytics<\/span><\/a> moves organisations to this stage\u2014which is a big leap forward. Organisations in this stage utilise actionable insights to drive their outcomes. In this stage, companies achieve highly scalable growth, leadership has confidence in future sales results,\u00a0 and organisations turn transactional client relationships into long-term relationships with clients.<\/span><\/li>\n<\/ol>\n

    Bullhorn Analytics makes powerful, easy-to-understand, real-time reporting and actionable insights accessible to users at every level in your recruitment organisation.<\/span><\/p>\n

    Why do top recruitment companies use Bullhorn Analytics?<\/strong><\/h3>\n