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 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 June 2017 TSI factored more than 1.6 M jobs and over 260,000 candidates based in India.
A data-backed view of the evolving talent landscape is essential for businesses building digital transformation capabilities. The question is how can Talent and HR leaders enable businesses to take that view -- and that’s where I see the Talent Supply Index plugging a gap.
SARV SARAVANAN, Corporate Senior Vice President and General Manager, EMC Corporation
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.
VIJAY SHARMA, Co-Founder & CEO of Belong
The talent acquisition function is becoming complex with elements of strategic workforce planning. Incisive high value analytics like the talent supply index helps TA leaders and businesses visualize the intensity of competition for talent much faster, enabling them to act boldly and decisively.
KEVIN FREITAS , Human Resources Leader at InMobi