This post discusses the advantages of using data to make strategic decisions when it comes to employees in a tight labor market. It explains that while data is often used to help employers make decisions, in a tight labor market, companies should use data to find out who they should keep, and where they should invest in finding and retaining new talent. It also suggests that employers use data to understand the employee experience in order to improve morale and recruitment. Companies should also use data to identify emerging trends in the market, to better competitively position themselves. Additionally, employers should use data to inform their job design, compensation, and benefits. Finally, employers should use data to identify areas where they can improve their diversity and inclusion efforts.
