Data-Driven Decision-Making for Effective Hiring with Thad Price

Summary In this episode of the Elite Recruiter Podcast, Benjamin Mena interviews Thad Price, CEO of Talroo about the importance of data-driven hiring decisions. They discuss the impact of data-driven hiring on the tech landscape and the potential for smart hiring decisions to change employees' lives. Thad shares his journey in the recruiting industry, from starting as a customer service representative to becoming CEO. They also delve into the role of Talroo as a talent attraction platform and its focus on frontline essential worker industries. The conversation covers the shift in the labor market towards gig work and the need for businesses to adapt to the changing workforce. They explore the impact of inflation on recruitment and how companies can address benefits to retain talent. Thad emphasizes the importance of conducting stay interviews and focusing on skill-based hiring to address the mismatched skillset in the industry. They discuss the need for recruiters to shift from emotional to data-driven hiring decisions and the role of assessments in the recruitment process. Thad shares insights on creating a culture of growth within organizations and the impact of artificial intelligence on recruiting. The conversation concludes with advice for early career and experienced recruiters, including the importance of reflection and embracing automation to focus on human connection. Takeaways Data-driven hiring decisions have a significant impact on the tech landscape and can change employees' lives. Talroo is a talent attraction platform that focuses on frontline essential worker industries. The labor market has shifted towards gig work, providing more flexibility for workers. Businesses need to adapt to the changing workforce and address the impact of inflation on benefits. Conducting stay interviews and focusing on skill-based hiring can help retain talent. Recruiters should shift from emotional to data-driven hiring decisions and leverage assessments in the recruitment process. Creating a culture of growth involves celebrating successes and failures and empowering team members. Artificial intelligence can enhance the recruitment process by automating tasks and allowing more time for human connection. Early career recruiters should join sales and marketing groups to develop their skills, while experienced recruiters should be open to change and research their competitors. Personal growth requires reflection and taking the time to pause and strategize. Join The Elite Recruiter Community: https://elite-recruiter.circle.so/join?invitation_token=5089bd69d8ac69486fc7afca52662675ec3ffc8a-d63afaf0-02f2-4925-9f80-b83f00d142de Signup for future emails from The Elite Recruiter Podcast: https://eliterecruiterpodcast.beehiiv.com/subscribe Thad Price LinkedIn: https://www.linkedin.com/in/thad-price-2368b/ YouTube: https://youtu.be/FH6mPNhlBIM Thad's Favorite Book: https://amzn.to/3GvdNt3 With your Host Benjamin Mena with Select Source Solutions: http://www.selectsourcesolutions.com/ Benjamin Mena LinkedIn : https://www.linkedin.com/in/benjaminmena/ Benjamin Mena Instagram: https://www.instagram.com/benlmena/ Benjamin Mena TikTok: https://www.tiktok.com/@benjaminlmena