competitive intelligence
DESCRIPTION
http://www.aqute.com/competitive-intelligence/ You need competitive intelligence. If your competitors are winning, you need to know why. If you are the one winning, you need to check your rear-view mirror. Using exhaustive secondary and primary research, Aqute delivers factual, detailed competitive intelligence. We are rigorous and methodical, and we deliver the best competitive intelligence possible.TRANSCRIPT
Competitive intelligence case study - recruitment
• A military contractor was finding it difficult to hire a particular type of
candidate. They needed to know where to find these people, and how to attract
them away from competing job offers.
• Our client was competing for a type of specialized talent with several other very large
companies. They did not know where to find these potential hires, were not sure what
they should be paying, and had no information on why candidates chose to work for
their competitors. Aqute’s brief was to map the talent supply pipeline, work out what
the most compelling offer would be, and help the client get a bigger share of the
candidate pool.
Getting to the best hires first
• Our client wanted to build a sustainable supply line of talent to recruit.
• Aqute’s first task was to examine who made up the target talent pool. We split this
research into new graduates and experienced hires. For new graduates, Aqute
worked methodically through the top universities in the world, plotting the number of
doctoral graduates, the topics of their theses and where they went to work; we also
spoke to careers offices and students. For experienced hires, we mined a range of
online sources such as LinkedIn, personal blogs, job aggregators, and Google+; as
well as offline sources such as recruitment agencies and former employees of
competitors.
• We used quantitative data to predict when a given candidate would next change jobs.
Analysis of when each candidate changed jobs before, helped determine the best
date when they should be approached.
Mapping the talent pipeline
• Aqute then examined the hiring efforts of our client’s competitors. What universities
were they targeting? What media channels? We dissected their job postings. This
data helped us quantify where demand exceeded supply, and where there were
untapped wells of talent. Aqute identified geographical areas where competitors were
least active, in which our client would have more success. We also discovered some
of the more unusual locations to target candidates, such as venues, events and web
forums.
• Finally, we investigated the competitors themselves to create organization charts,
including the expertise and experience of existing employees. These gave us some
insight into what talent the competitors were likely to need.
• The overall result was a strong picture of what skills and which candidates would be
most sought after, and how our client could get to the best talent first.
Plotting talent supply vs demand
• We contacted many of the individuals to find out what motivated them, what had
attracted them to their current employer and how they might be persuaded to move.
With this information, Aqute produced recommendations on creating the most
seductive hiring packages.
• As a result, our client changed from a recruiter on the back foot, to a company with a
strong pipeline of candidates.
How to attract candidates
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http://www.aqute.com/competitive-intelligence/