Talent Benchmark - Jason B's Suggestion

All of this needs to be removed as it's not in the API right now

Each index score is reported to one decimal place and benchmarked to the national average (1.0).

Talent Supply Index (based on social profiles)

What it means:
Measures the availability of talent relative to the national average.

Formula:
(Local social profile share for occupation ÷ all local social profiles) ÷ (National social profile share for occupation ÷ all national social profiles)

Score RangeNarrativeSuggested Label
≥ 1.5This market has a very high concentration of talent for this role. Great for hiring or internal mobility.Abundant Supply
1.2 – 1.4This region has a somewhat higher-than-average availability of talent.Above Average Supply
0.9 – 1.1Talent availability here is typical—in line with national norms.Average Supply
0.6 – 0.8The supply of talent is below average. Consider sourcing from additional markets.Limited Supply
≤ 0.5This market is tight—significantly fewer professionals are available here than nationally.Scarce Supply

Hiring Demand Index (based on job postings)

What it means:
Measures the level of employer demand or competition for a role in the market.

Formula:
(Local job postings share for role ÷ all local postings) ÷ (National job postings share for role ÷ all national postings)

Score RangeNarrativeSuggested Label
≥ 1.5Employers are aggressively hiring for this role here. Expect heavy competition.Very High Demand
1.2 – 1.4Demand is elevated—more employers are posting for this role than average.High Demand
0.9 – 1.1Hiring demand is steady and aligns with national averages.Average Demand
0.6 – 0.8Fewer postings suggest lighter competition for this role in this market.Low Demand
≤ 0.5The market shows little to no active demand—posting volumes are far below national norms.Very Low Demand

Compensation Index (based on posted salaries)

What it means:
Shows how median advertised salaries in the region compare to national figures.

Formula:
Local median salary ÷ National median salary


Score RangeNarrativeSuggested Label
≥ 1.5Wages are significantly above national benchmarks—expect premium pay expectations.Very High Wages
1.2 – 1.4Salaries are above average—market may be more competitive.High Wages
0.9 – 1.1Compensation is typical for this role, relative to national norms.Market-Rate Wages
0.6 – 0.8Advertised wages are lower than average—may indicate opportunity or underpricing risk.Below Market Wages
≤ 0.5Wages are well below national levels—potential signal of underinvestment or labor cost advantage.Significantly Low Wages

How You Should Use This

When users ask, “Is this a good place to hire?” or “Why can’t we find talent here?”, Talent Transform can translate raw index scores into natural language insights like:

“The Talent Supply Index for Data Scientists in Denver is 0.7, indicating a Limited Supply compared to the national average. You may face sourcing challenges here unless you broaden your search or increase compensation.”