Today, big data is changing the nature of virtually every industry. Recruitment and hiring processes are no exception. Big data has had a significant impact on the way candidates look for jobs, as well as on how employers make hiring decisions. Here are some of the ways in which big data has changed the job market:
For job applicants, big data is especially useful when it comes to company transparency. For instance, consider the company CareerLabs, founded by Van Horne. As stated in an article on Fast Company, CareerLabs “layers in data on companies’ financial health and growth prospects, compensation, health care, career progression, culture, and management, among other criteria, to show candidates as full a picture of the business and its staff as possible.” The company collates data about company culture, past and present employees, political preferences, management styles, and much more.
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