With Censia, harness the power of deep system intelligence applied to an exceptional master dataset to recruit, develop, and retain a high-quality, diverse workforce

The Silicon Review

Have you heard the term “talent intelligence”? Talent intelligence, as the name implies, is the process of collecting, analyzing, and using information about your market’s talent pool, both at your organization and in competing organizations. This type of information helps a company better understand the available talent pool and make data-based decisions. Having good data on the talent marketplace can also help energize your recruiting efforts and help you be more effective in those efforts. Censia is on a mission to help companies and people unlock their true potential. By harnessing the power of artificial intelligence and predictive analysis, our Talent Intelligence Platform models and finds the talent most likely to succeed, while simultaneously reducing bias. Just as Netflix and Spotify revolutionized the way we discover movies and music with multi-dimensional recommendation modeling, Censia is revolutionizing recruiting by enabling the discovery of talent. We do this by transforming one-dimensional keyword searches to multi-dimensional talent models that evaluate candidates based on merit, free from human bias. A recent survey of 156 CEOs found that the number one problem they faced in their organization was finding the right talent for their open roles and that four out of their top five challenges are related to people strategy and talent management. Mike Zani, CEO of The Predictive Index, points out the inability to find the right talent could result in about $8.5 trillion in unrealized annual revenues by 2030. He succinctly highlights what so many executives feel: “Our people are our most valuable asset, as well as a company’s biggest expense.”1 Recruiting makes up more than 15% of all HR-related expenses, and optimizing the recruiting process has never been more critical. Luckily it has also never been a better time to do so. Through the use of Artificial Intelligence-powered recruiting tools named Talent Intelligence (TI), companies can quickly assess their teams, find strategic advantages and weaknesses, and instantly find the people most qualified to take their companies to the next level. It is no wonder that there has been a 25% uptick in the adoption of TI systems in the past two years. Companies implementing TI recruiting systems are seeing immediate ROI gains by reducing the time it takes to find and hire talent and eliminating spending on recruiters and job boards. They also find that the improved quality and diversity of talent and reduced interruptions to daily operations have long-term, positive effects on their bottom line.

Supercharging Talent Decisions

According to the 2020 Trends in Talent Intelligence Benchmark Survey2, more than 90% of recruiters, talent teams and Chief Human Resources Officers feel that talent intelligence is revolutionizing their recruiting work by delivering better results in less time. Talent intelligence improves recruiting ROI in two ways. Initially there are the immediate, bottom-line benefits realized within the first weeks of use. Following that, there are profound, ongoing benefits and cost savings created by implementing the software into existing recruiting processes. To see how Talent Intelligence delivers such robust gains in recruiting ROI, you first have to understand how the technology works and the results that it produces. Censia’s Talent Intelligence Platform has two key components. Our proprietary database contains Golden Record profiles of hundreds of millions of professionals, actively compiled by our technology, which collects, analyzes, and standardizes this information from thousands of sources. This information gives our technology an eagle eye’s view of the talent landscape and uncovers patterns linked to success and performance hitherto impossible to see. It also reveals critical traits such as loyalty, innovation, and transformation that cannot be discovered by keyword searches alone. The technology then creates multi-dimensional search models that account for skills, experience, and these other vital factors and finds talent that matches these profiles among passive candidates, applicants in an ATS, and current employees. In seconds, TI reveals the talent most likely to thrive and succeed in a given role, and delivers it in a scored and ranked slate, complete with contact details and in-depth insights, reducing time to interview by more than 80%.

Better Quality Candidates, Censia’s multidimensional talent models find candidates whose skills are a better fit to your roles, leading to shortened onboarding periods, faster time to productivity, and higher overall performance. Most companies experience an annual churn rate of up to 40%. Using Censia’s internal mobility matching function, companies can quickly identify their top performers and potential flight risks and take measures to upskill and promote their most promising talent. This creates a more secure, engaged, and productive workforce and significantly reduces turnover rates. Many companies struggle to evaluate existing talent for new roles, resulting in missed opportunities for internal mobility and duplication of skill sets. Using Talent Intelligence, companies can quickly identify the talent hidden inside their company and determine who is most eligible for promotion, upskilling, and reskilling. 63% of candidates will reject a company’s job offer if they have a bad candidate experience, and the remaining 37% are less likely to recommend the company to a peer. When recruiters start the interview process quickly and with TI-generated, in-depth candidate insights in hand, they accelerate the hiring process and significantly improve the candidate experience, company reputation, and overall morale.

Meet the leader behind the success of Censia

Joanna Riley, Co-Founder and CEO of Censia is an entrepreneur, advocate, a mentor for diversity in technology, and the CEO and Co-Founder of Censia. Prior to founding Censia, Joanna was the co-founder and CEO of 1-Page, a SaaS solutions provider in the Talent Acquisition sector. In 2014 she led 1-Page to a successful IPO, and onto the S&P/ASX 300 by 2016. Joanna was named one of the 100 highest-ranking women in tech in 2017, and was awarded the Most Powerful and Influential Women Award by the California Diversity Council, and the Power ’30 Under 30’ for Professional and Community Excellence in 2016.