Understanding Calibration Insights
This article explains the purpose of Calibration insights and how they help a recruiter with a better understanding of the skills required for a role that they are hiring for.
Audience
This article is intended for recruiters, hiring managers, and Eightfold employees.
Overview
Eightfold's calibration insights empowers recruiters with a deeper grasp of the skills and positions they're recruiting for. By leveraging this tool, recruiters can fine-tune the calibration process to yield the most fitting candidates for further rounds of evaluation. It harnesses extensive data from the global candidate database of over a billion career paths within Eightfold, supplemented by insights gathered from diverse online sources. This comprehensive information serves as the foundation for generating valuable calibration insights.
Calibration insights addresses the below key challenges for the recruiters :
- Streamlining choices - the availability of calibration options including skills, titles, educational institutions, and target companies can overwhelm recruiters, hindering their ability to pinpoint the optimal pool of candidates. Calibration insights simplifies this process by refining the selection criteria, enabling recruiters to focus on the most suitable candidates.
- Enhanced data access - in scenarios where skills, schools, or titles are less common, recruiters can face issues in accessing accurate and pertinent information. Calibration insights resolves this issue by providing a robust repository of data, ensuring recruiters have the necessary insights to align candidate profiles with job requisition demands.
- Informed decision-making - staying attuned to the dynamic job market landscape is a challenge. Often, recruiters lack comprehensive knowledge about alternative skills or job titles that are relevant globally. Calibration insights bridges this gap by offering market-informed intelligence, empowering recruiters to make informed decisions based on real-time trends in the skills supply for specific roles.
Viewing calibration insights
To view Calibration Insights for a position, follow these steps:
- Click on the relevant position from the Positions tab for which you are interested in viewing the Calibration insights.
- Click Calibrate Position.
- Click on an individual entry for any of the following to view insights -
- Skills
- Job Titles
- Companies
- Industries
- Schools
Calibration insights components
Currently, calibration insights are available for some of the filters available on the Calibration screen. For a better understanding of these insights, this section explains some of the key components.
Skill insights
You can view the Skill insights by clicking on any of the skills on the Calibration page. These insights help the recruiter to better understand the influence of potential candidates who possess these skills.
The recruiter is initially provided with a description of a skill that's commonly linked with how things work in the industry. This ensures that recruiters understand this skill and its details just like most candidates do.
- Gender Distribution: this chart displays a gender split for the skill. This helps recruiters see if certain skills are mostly exhibited by one gender. If they are, recruiters can change how they evaluate candidates to match the company's goals and expectations.
- Prevalence: the skill prevalence indicates how common a specific skill has been compared to previous years until 2022. This helps recruiters see how available a skill is in the worldwide talent pool. They can find out if a skill's availability is increasing, decreasing, or staying the same over the past years. With this insight, recruiters can adjust their approach based on the global job market.
- Related Skills: this displays skills that are alike to the main skill and are usually seen together in candidates or job descriptions. If a skill is becoming less common and causing a shortage, recruiters can use related skills to find more potential candidates.
- Top Companies: the list of Top Companies shows which companies have the most employees with this skill. This helps recruiters see if their competitors are also emphasizing these skills.
Job Title insights
You can view the Job Title insights by clicking on any of the Job Titles on the Calibration page. These insights help the recruiter to get more details and understanding about the significance of the Job Title.
The Job Title insights also include a job title definition, Gender Distribution, Prevalence, and Related Titles - as displayed in Skill insights.
Top Skills list the most common skills in candidates who hold the same job title in the global talent pool. Recruiters can use this to adjust the skills they're looking for and find better-suited candidates who might not have the exact expected job title.
Company insights
You can view the Company insights by clicking on any of the job titles on the Calibration page. These insights help the recruiter to get more details and understanding about the significance of the job title.
- Also Worked At: a list of companies where employees from the company being considered have also worked. This helps recruiters broaden their list of targeted companies to find more potential candidates.
- Also Attended Schools: a list of schools and colleges that employees from the specific company have attended. This helps recruiters broaden their selection of schools to consider, which in turn expands the pool of potential candidates.
Industry insights
You can view the Industry insights by clicking on any of the Industries on the Calibration page. These insights help the recruiter to get more details and understanding about the industry domains involved with the position.
- Also Worked At: a list of the top companies where the majority of candidates in that specific industry are employed.
- Related Roles: a list of the most frequent job roles that the majority of candidates in that specific industry hold.
School insights
You can view the School insights by clicking on any of the Schools on the Calibration page.
- Similar Schools: a list of schools that are similar in terms of ranking and size. Importantly, this list also includes schools where graduates hold similar roles in similar companies. This helps recruiters broaden their selection of targeted schools, which in turn expands the potential pool of candidates.
- Graduates Work At: a list of companies where graduates from the specific school are most commonly employed. This helps recruiters get clarity of the school's reputation in the global job market, which might not be fully reflected by general rankings.