Monster Real-Time Labor Intelligence
Category: Labor markets
Overview: Monster’s real-time labor intelligence (RLI) offers timely data, analysis and insights to drive key program and investment decisions. Government, education and business customers use the research services and analysts to make decisions that grow industries, create new employment opportunities for job seekers, and help align workforce skills with employer needs.
Talent Dashboard uses a fundamentally new approach to understanding resumes with Monster’s 6Sense semantic search technology. Unlike the other products, it understands concepts and context to provide an unrivaled level of understanding and accuracy. 6Sense patented search uses a combination of complex search algorithms coupled with a comprehensive knowledge base to understand the concepts and context in a resume.
Unit of Analysis: Segment by job title, experience, skill, location, education, school, company, degree, and age of resume
Coverage: Over 100 million U.S. resumes and 650K new resumes added monthly; Monster manages over 22 million active Job Seeker Accounts
Key Data Elements: Semantically parsed from Monster’s resume postings or private resume databases, not dependent on structured user input
Form: Micro database
Timeframe: Current resumes from past 12-24 months
Frequency: Continually updated
Data Collection Method: Data is compiled by users of Monsters.com or from resume databases loaded into the platform for analysis
Access: Hosted cloud solution
Potential Uses for Regional Analysis: Until now, talent pools were simply collections of resumes. Monster provides in-depth, detailed labor market data to provide the critical insight for business attraction, expansion, and retention; site selection; talent identification and attraction; talent supply analysis and precision talent matching; developing workforce strategy, and policy.
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