The Belong Talent Supply Index™ (TSI) is a benchmark metric that helps companies foresee and plan talent acquisition efforts for critical jobs in technology. It measures how competitive the market is for a given job by dividing the total number of people with relevant skills by the total number of active opportunities for that job.
While several surveys rank either in-demand jobs or in-demand skills, the TSI fuses both demand and supply sides of the talent equation to track how competitive the landscape is for businesses.
The index is an effective proxy to help companies plan and gauge hiring costs, efforts and cycles.
The TSI is measured by dividing the the total number of people with relevant skills for a given job by the total number of active opportunities for that job.
For example, if there are 1,000 Data Scientist opportunities against only 800 relevant Data Scientists potentially open to new opportunities, the role scores 0.8 on the TSI. The closer the role tends to zero, the more supply-constrained is the market. In fact, a score of less than 1 indicates the talent market for the job is supply-negative.
The TSI is fact based on Belong’s platform data and publicly-available data from a continuously growing array of hiring sources, including traditional job sites, inbound recruiting channels, online communities, tech networks, discussion forums and more.
The advent of AI and Data Science will force businesses to rethink traditional organisational structures and processes. Data Science is increasingly becoming a business critical function, paving the way for a company’s future. In view of this, developing data science capabilities and attracting such talent is one of the top-most priorities for a business today.
JALEEL ABDUL, Vice President - People Resources at Adobe India.
While several surveys rank either in-demand jobs or in-demand skills, what talent leaders need today is that one metric that fuses demand and supply sides of the equation to track how competitive the landscape is.
RISHABH KAUL, Co-Founder, Belong
AI and Data Science are at the crux of transformations that are happening across a range of functions - from finance and HR to sales and marketing. Businesses can either invest early in the transformation to stay competitive or risk becoming irrelevant eventually.
Umang Bedi, President, Daily Hunt