Claro’s information about the global labor market and the workforce is presented in an easily digestible format, akin to Google Trends. The newly-announced Claro functionality provides businesses actionable labor market insights that are based on more than 28 million jobs weekly, and more than 1 billion historical job postings. With such a powerful data set, Claro is the leader in helping companies make strategic decisions about compensation, skills, talent location, and Diversity talent benchmarking.

Talent Intelligence is one of the fastest growing segments within the HCM vertical because attracting and retaining the right talent has never been harder for companies, which are struggling to fill vacancies as the unemployment rate drops below 4.8%. According to Emergen Research, “The global Human Capital Management (HCM) market is expected to expand at a CAGR of 7.9% from USD 18.04 billion in 2020 to USD 32.84 billion in 2028. Increasing demand for cloud-based business models and talent mobility for workforce planning is propelling market growth.”

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A recent Harvard Business Review article concluded that data about the workforce is key to talent retention because practically every aspect can be analyzed by using technology that’s available today.

“Data has become a tangible currency for organizations, so they’re turning to data-driven Talent Intelligence to gain a competitive advantage when it comes to hiring and retaining talent,” said Michael Beygelman, CEO of Claro Analytics. Beygelman added, “Today’s announcement ushers in a new era of labor market insights that forward-thinking companies will immediately adopt to validate and benchmark their strategic decisions about talent.”

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