Enterprise & HR Tech

Lightcast can serve many different types of customers but here are some popular use cases for some of our enterprise / large employer customers or Human Resources (HR) tech companies. Read more on our website here.

Foundation

Normalizing company data into a common set of taxonomies that organizes internal data, and allows for external research and labor market analysis.

This normalization is usually done using our Classification API. With that said, not all use cases require that step.

Popular Use Cases

Here's a quick list of a high level breakdown of some of the most popular ways customers use Lightcast data and APIs.

Use Case	Using Normalization?	Details
Workforce Planning and Development	Yes	Lightcast's granular data on occupations and career pathways can aid in workforce planning. HR professionals can use this data to anticipate future talent shortages, assess the need for upskilling or reskilling programs, and align company specific needs with the evolving demands of the labor market.
Talent Acquisition Strategy Optimization	Yes	HR and talent acquisition teams can leverage Lightcast data to identify emerging skills and occupations in high demand within specific regions or industries. This information helps organizations refine their recruitment strategies and ensure they are hiring talent with the most relevant skills for their business needs.
Competitive Talent Benchmarking	Yes	Companies can use Lightcast data to benchmark their talent against industry and regional standards. This information allows organizations to identify gaps in their workforce and develop targeted talent development programs to stay competitive in recruiting and retaining skilled employees.
Employee Retention Strategies	Yes	People Analytics teams can analyze labor market trends to gain insights into factors influencing employee turnover. By understanding which skills are in high demand, organizations can adjust compensation packages, benefits, and career development opportunities to improve employee retention and satisfaction.
Diversity and Inclusion Initiatives	Yes	Lightcast data can help organizations enhance their diversity and inclusion efforts. By identifying trends in demand for specific skills and demographic information about the workforce, HR professionals can develop strategies to promote diversity and ensure equal opportunities for underrepresented groups in the labor market.
Market Entry Strategy and Expansion		Companies expanding into new markets can use Lightcast's data to assess local labor market conditions. By analyzing demand for skills and available talent supply, they can identify potential challenges like talent shortages and allocate resources strategically for their expansion.
Salary Benchmarking and Negotiation		Recruitment teams can use Lightcast's data, including advertised wage information, to benchmark their organization's salaries against competitors in the same industry and region. This helps identify areas for potential salary adjustments and provides insights for salary negotiations with candidates.
Investment Decision Support		Investment firms and banks can use Lightcast's labor market demand data to identify companies actively hiring for emerging skills and occupations. This data helps them make informed investment decisions by pinpointing businesses aligned with evolving market trends, enhancing portfolio choices for potential growth.

Use Case Breakdown

Let's dig into each of these use cases and the other APIs that would be useful in the process.

Sector Trends and Corporate Vitality Through Skills Analysis
Detailed Company Analysis with Integrated Identifiers
Job Posting Types: Newly Posted and Active