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Talent management analytics helps fine-tune hiring

The fast-growing talent management software space sees two new releases this week. Also, an HCM partnership is announced.

Talent Hive, a new product from talent management software company Findly, aims to make it easier for potential...

employees to apply for jobs and for companies to recruit and hire them.

The San Francisco-based company says its talent management analytics software helps companies minimize the number of clicks that job seekers must use to apply for an opening, while helping job recruiters connect with and hire the right people for the right positions. Talent management software is a burgeoning business, with one research firm saying that spending this year will grow 17% to more than $6 billion globally.

"With Talent Hive, employers benefit from maintaining real-time data on their candidates, which enables them to better nurture candidate relationships, improve the candidate experience and gain access to top talent on an on-demand basis," Findly CEO Jeff Russakow said in a statement.

Talent management analytics, part two

Findly isn't the only company trying to improve talent acquisition with talent management analytics. FurstPerson Analytics is a new product that claims to use real-time data and assessments of job candidates to help companies improve their hiring decisions.

Chicago-based FurstPerson says that FurstPerson Analytics takes the bevy of data from HR and other systems and combines it into a single dashboard. The dashboard allows HR staff and company executives to see statistics such as which recruiters are snagging the best job applicants and which applicant qualities lead to the best job performance.

"With the release of FurstPerson Analytics, we're helping more organizations establish visibility into their hiring process so they can use their own performance data to make the important hiring decisions that lead to greater business success," FurstPerson CEO Jeff Furst said in a statement.

Two HCM firms shake hands in partnership

Paylocity and Talent Rover are partnering up to improve integration between human capital management functions like payroll, recruitment and benefits management.

San Francisco-based Talent Rover is a staffing and recruiting software as a service company built on Salesforce. Its partnership with Arlington Heights, Illinois-based payroll software company Paylocity will lead to "great customer service," according to Talent Rover COO Brandon Metcalf.

"Paylocity stood far out from the pack, and we chose them as our internal payroll provider before developing the integration," Metcalf said in a statement. "They provide the type of cloud-based, user-friendly and highly customizable software that we value."

News director Mark Fontecchio may be reached at Follow SearchFinancialApplications on Twitter @SearchFinApps.

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