The Talent Equation

"Companies that can unleash the passions and gifts of their people will have a competitive advantage in the landscape of the future—becoming curators instead of keepers of talent. This book gives readers some of the keys to cracking that code."

—CARLEEN HAAS, VICE PRESIDENT AND CHIEF TALENT OFFICER, HUMANA

IS YOUR HR DEPARTMENT PREPARED TO FLIP THE BIG DATA SWITCH?

At every stage of the employee life cycle, a data-drivenapproach to HR can help companies make smarter decisions about their most important asset: their people. In the wake of the greatest shock to the labor market since theGreat Depression, companies are faced with looming skill shortages, retention concerns, and questions regarding the most effective composition of their workforce.

The Talent Equation shows you how to navigate today's hiring climate and drive your business forward.

Matt Ferguson, CEO of CareerBuilder, offers hiring professionals and business leaders a roadmap to attract and retain top talent. Ferguson and coauthors Lorin Hitt (Wharton School) and Prasanna Tambe (NYU's Stern School) commissioned a landmark big data study of more than 2,700 employers and 33 million resumes to find the relationship between market performance, education attainment, and employee tenure. The findings are enlightening—and quite surprising.

The Talent Equation explores:

• The ROI of increased education levels and retention rates
• The benefits of continuous recruitment and talent pipelines technology market, and how workforce analytics tools are changing talent acquisition
• The importance of reducing longterm unemployment through training and reskilling

Smart and timely, The Talent Equation alsoincorporates case studies from leading brands—both global and domestic—that further illustrate staffing issues facing executives today. The insights and research in the book are invaluable tools for anyone who wants to build and retain a dynamic, competitive, and productive workforce.

If your business needs an edge when it comes to attracting and keeping the very best employees, The Talent Equation is for you. Matt Ferguson, CEO of CareerBuilder, and professors from two of the nation's top business schools present new and insightful research illustrating how data and workforce analytics can revolutionize the way we look at the skills gap, recruitment, and talent retention.

Emerging from the worst labor market shock in generations, eight out of ten managers express concern over a growing skills gap—but only four out of ten say their company is doing anything to alleviate it. Talent mismatches and prolonged vacancies can lead to lostrevenue and higher turnover, leading many companies to question obsolete hiring methods and outdated recruitment technology. This book pushes the conversation forward, showing you how to:

• Navigate the skills gap
• Understand how tenure and education levels affect revenue
• Recruit in the digital era
• Empower employment with training and reskilling