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Labour Market InsightsTextkernel

AI-powered labour market insights offering real-time analytics on skills, job trends, and workforce demands.

Product details

Overview

Textkernel Labour Market Insights is an AI-driven solution that provides real-time, data-rich analytics about labour markets. It collects and processes large volumes of job market data to reveal trends in skills demand, job availability, salary benchmarks, and workforce movements. This enables HR teams, recruiters, and business leaders to make informed decisions on recruitment strategies, workforce planning, and market positioning. By delivering granular insights into labour dynamics, the tool supports identifying talent shortages, emerging skills, and competitive benchmarking across industries and regions.

Features and Capabilities

  • AI-powered analysis of millions of job postings: The platform uses advanced artificial intelligence to process and analyze vast amounts of real-time job market data, uncovering detailed trends and patterns across industries and regions.
  • Skills demand mapping: It identifies which skills are currently most in-demand as well as emerging competencies, helping organizations anticipate future talent needs and adapt hiring strategies accordingly.
  • Job market trend visualization: Provides interactive, visual dashboards that display labor market trends segmented by geographic region, industry sectors, and specific occupations for targeted insights.
  • Salary benchmarking tools: Offers real-time salary data drawn from live job postings to support competitive compensation planning and market positioning.
  • Labor supply-demand matching: Enables organizations to compare the available workforce supply with current and projected job demand, facilitating better workforce planning and recruitment optimization.
  • Integration with HR and recruiting platforms: The solution can be connected to existing HR systems and applicant tracking platforms through flexible APIs, allowing seamless data flow and enhanced recruitment workflows.
  • Customizable dashboards: Users can tailor dashboards and reports to their specific needs, enabling efficient monitoring of workforce analytics and labor market developments relevant to their business.
  • Alerts and notifications: Automatically notifies users about significant shifts in the labor market, such as sudden skills shortages or emerging job trends, enabling proactive decision-making.
  • Supports strategic talent acquisition: Provides predictive insights to guide long-term recruitment and talent management strategies, ensuring companies stay ahead in competitive labor markets.
  • Multi-language and multi-country data coverage: Covers labor market data across multiple countries and languages, supporting global workforce analysis and cross-border talent strategies.
  • Historical data analysis: Allows tracking and comparison of labor market changes over time, helping to understand trends and cyclical patterns for more informed forecasting.
  • Diversity and inclusion analytics: Analyzes workforce demographics to support organizations in developing effective diversity, equity, and inclusion initiatives by identifying gaps and opportunities.