Location Analysis
Detailed location information is crucial for making informed talent decisions. Without accurate data and insights, location planning can become challenging and expensive, leading to potential missteps in where to recruit key talent. By leveraging TalentNeuron’s comprehensive labor market data, organizations can identify optimal areas to source critical talent.
With the Location Analysis module, organization leaders can:
Plan Locations
Make short- and long-term location recommendations based on labor market data.
Mitigate Risks
Understand the competitive landscape, helping mitigate talent attraction and retention risks.
Reduce Costs
Identify alternative markets for specific roles based on cost efficiency.
The ROI of location insights
Credit Reporting Firm Gets the Perfect Score for Location Optimization
A U.S.-based credit reporting firm faced rising talent costs in São Paulo due to unionization and wage growth, despite increasing revenues. Using TalentNeuron data, the company found that 30-40% of São Paulo's workforce in transactional roles could relocate within Brazil. Second-tier cities including Recife, Curitiba, and El Salvador offered the same talent at lower costs. By relocating, the firm projected savings of $50 million over five years.
Telecom Giant Saves Big on Labor Costs
A telecom company sought to expand its R&D capabilities but didn’t want to grow its existing team in India due to operational challenges. TalentNeuron analysis compared talent availability across North America, Eastern Europe, and Asia. The company chose Canada for its government incentives, competitive costs, and strong talent pool, driven by flexible immigration laws. Investing $2 billion, the company projected 20-25% savings compared to a U.S. hub while ensuring high-quality talent.
Optimize location decisions with labor data
Avoid guessing games. Whether determining where to expand business operations or source critical talent, having access to the right information is vital for success.
Evaluate the potential of geographic regions by examining the availability of talent and other factors, such as costs and competition.
Uncover top locations you might not have considered — ranked by supply, demand, and salary.
Discover regions with a high density of graduates to better plan for your future workforce needs and pinpoint areas where talent gaps could hinder business growth.
Reduce talent risks through market analysis
Insight into competitive hiring in specific locations allows employers to better anticipate challenges, such as high competition for talent, so they can adapt their recruitment strategies accordingly.
Identify highly concentrated markets where a few dominant organizations shape candidate expectations, making hiring more challenging.
Reduce the risk of prolonged vacancies by sourcing for roles in labor markets where the competition for talent is more evenly distributed.
Determine the most in-demand skills by location for a given role to guide recruiting strategies and opportunities for upskilling or reskilling internal talent.
Discover cost-efficient markets for specific roles
Understanding salary ranges for specific roles by location, along with other economic factors, helps employers remain competitive while managing costs.
Determine which labor market is optimal with insight into salary ranges by role.
Assess the business environment in chosen locations by evaluating factors such as the qualified population, unemployment rates, and minimum wages.
Use labor market insights to inform budgets and forecast projected payroll costs.
Track trends to strategize
Discover how demand for specific roles and work settings has changed over time with our Talent Snapshots feature, now available in every TalentNeuron module.
There's more than one way to transform your workforce
Explore our other offerings to ensure every critical workforce decision is backed by data-driven insight.
Strategic consulting
Craft and execute transformative strategies with support from TalentNeuron's experts. Consultants work directly with leadership to provide insights, recommendations, and tailored solutions to drive crucial labor decisions.
API access and data feeds
Spend less time gathering data and more time analyzing it by bringing the power of TalentNeuron data directly into your dashboard, connecting internal and external data into a single user view.
Build a data-backed talent strategy
See how HR leaders and their teams use TalentNeuron’s labor market analytics to make smarter, faster workforce decisions.
