LinkedIn has launched a new business intelligence tool to help HR personnel to track market trends and manage their organisational talent pool.
The Talent Insights tool is a self-service tool which helps HR professionals to keep track of workforce market trends, identify talent pools, and understand how talent flows to and from peers.
Talent Insights taps into LinkedIn's network of more than 575 million professionals, as well as over 20 million companies and close to 15 million active job listings.
Talent Insights features two reports - one focused on people at a company called ‘Talent Pool', and the other focused on data about a company titled ‘Company Report'.
Talent Pool lets businesses run searches across the LinkedIn database to understand where the most people with relevant qualifications are located, who's currently employing them and what specific skills they have. For its part, Company Search provides insights into where a competitor's main workforce resides, the talent flow by industry and skill, attrition, skill inventory and education.
Speaking at the launch of Talent Insights, Ali Matar, Head of LinkedIn MENA said: "We have always looked at ways to offer products that enable businesses and professionals to benefit and engage on our platform. Providing information culled from publicly available data shared by our members, our latest analytics tool, Talent Insights, will revolutionise the way businesses search for specific talent pools as well as individual company details. The insights, matched with recruiters' instincts, will inform strategic talent decisions and enable more productive conversations with hiring managers and executives."
Talent Insights was launched at the product at the fourth LinkedIn MENA Talent Awards. The awards event features keynote addresses from HE Noura Al Kaabi, UAE Minister of Culture and Development, and Dr Hayat Sindi, one of the world's leading biotechnologists and senior advisor to the President of Science, Technology and Innovation at the Islamic Development Bank in Saudi Arabia.