Optimizing the recruiting process has become an ever more essential HR function especially in a disruptive business trend like todays. Finding the right skillset and fulfilling vacant positions in a timely manner has a direct impact to an organization’s commitments, supply chain upkeep and overall company performance. Our analytics team at Perficient has devised a solution specifically for organizations who run their recruiting in Taleo. Our solution is aimed at providing you up-to-date key recruiting KPIs such as Time to Fill, Time to Hire, and Applicants per Opening. In addition, our Taleo analytics solution natively extends Oracle Fusion Analytics Warehouse for HCM, hence providing you valuable insights into the effectiveness of your hiring process, not just up to offer acceptance, but throughout career progression as well. As a result, analyzing the quality of hires in relation to their sourcing channels, recruiters and hiring costs becomes a no brainer to gaining a competitive advantage in recruiting.
What is the Challenge?
If you’re currently using Oracle Taleo, you may already be leveraging the built-in Taleo Business Intelligence capabilities. However, the reporting capability available out of Taleo BI are limited and offer little when it comes to analyzing candidate application history, let alone mashing up recruiting data with data external to Taleo such as from HCM or ERP. Extracting data from Taleo is also no easy task. Yes, one may create reports and export them as data files. However, this remains a manual, complex and time-consuming process. In addition, if we rely on Taleo’s report export capabilities, we miss out on a lot of essential information related to historical application tracking and recruiting step progression. This is why the Oracle Analytics consultants at Perficient have streamlined and automated the data extraction, transformation and reporting process specifically for Taleo.
What about Fusion Analytics Warehouse?
Oracle Fusion HCM Analytics, a module of Fusion Analytics Warehouse (FAW), is a closely correlated Cloud analytics application for Oracle Fusion HCM. However, even though many organizations manage their workforce in Fusion HCM, their talent acquisition processes are very likely to happen in Taleo. While FAW provides rich insights on HCM data, it remains unaware of talent acquisition information stored in Taleo. This is why our Taleo analytics solution is built with FAW in mind. Our solution may be implemented as a stand-alone. And you have the option of deploying it natively within FAW so it extends your existing HCM reporting subject areas. It also leverages the existing Oracle Analytics and Autonomous Data Warehouse platforms that you already have in place for FAW.
The Solution
Perficient’s Taleo Recruitment Analytics solution automates the end-to-end process of extracting data from Taleo and loading it into Oracle Autonomous Data Warehouse. Recruitment data is loaded into data models that are optimized for self-service reporting. The solution also relies on Oracle Analytics Cloud (OAC) to enable your HR team, with various roles and access permissions, secure access to user-friendly and pre-built recruiting dashboards. Users may also access all the rich self-service analytical capabilities of OAC and therefore gain insights into Taleo data together with other HCM data, without having to extract and import data themselves.
Business Value
Our team can implement this solution for you in a few weeks. In addition to the automated data integration, you will get pre-built recruitment dashboards right where you need them with the rest of your HCM analytics. The pre-built dashboards include insight into requisitions, such as the number of openings and days open by job, organization, department, hiring manager, and location. The dashboard also includes insights into applications with key KPIs such as Applicants per Opening and Time to Hire. All your candidate data may be sliced and diced across different sourcing channels, recruiters, candidates and other job-related information.
While the pre-built dashboards offer you speed to value with the ready-to-use KPIs, the same solution lays the foundation for limitless additional extensions. For example, you may want to investigate sourcing channel effectiveness by reporting on employee performance from your HCM system together with Taleo talent acquisition data that is already made available in Oracle Analytics. Or it may be useful to track employee attrition from HCM against recruiting channels from Taleo. The possibilities are unlimited in terms of tracking quality of hires and career progression based on employee performance in HCM.
If you’re looking to improve on your current Talent Acquisition reporting and achieve integrated reporting with HCM, the Perficient consulting team is ready to guide you through the process.
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