Coresignal's Historical Headcount Data: A Powerful Tool to Spot Investment Opportunities

NEW YORK, May 12, 2022 (Newswire.com) - Coresignal, a leading public business data provider in the alternative data sphere with an extensive focus on firmographics and public employee profiles, introduces another company and market analysis data solution. Coresignal's Historical headcount dataset enables companies to analyze business changes within a specific company, industry, or location.

Headcount data of more than 20M companies worldwide allows businesses to enhance their investment intelligence, enrich existing company data and improve their overall analytics. It will enable companies to make data-driven decisions that result in gaining a competitive advantage and more effective business solutions.

Along with headcount data, firmographic data points, such as company size, industry, location, and social media following trends, show an in-depth image of the company's situation in the market. This data can provide insights into the stability of the company or its projected growth and help measure the impact of market changes. It also enables businesses to evaluate competitors and compare with them.

Up to 40 months of data opens unprecedented opportunities to quantify and evaluate company performance over time, improve backtesting and business analysis or even build predictive investment models.

Market reports show that the average startup attrition rate is 25%. Moreover, CB Insights reports that 14% of startups fail because of not having the right team, 7% due to disharmony among the team, and another 5% because of burnout. Overall, 26% of startups fail because of workforce-related reasons.

Research by The Society for Human Resources Management shows that it costs up to 9 months of an employee's salary for the company to replace them. Therefore, company performance analysis involving the layer of historical headcount data is a powerful research tool, especially for investment companies.

"Information updated on from daily to monthly basis empowers investment companies to not only monitor the shift of workforce in certain industry or region, but also be the first to notice emerging successful companies or, on the contrary, recognize the red flags, preventing imprudent investments," says Karolis Didziulis, Coresignal Product Manager.

About Coresignal

Coresignal is a leading public business data provider in the alternative data sphere with an extensive focus on firmographics and public employee profiles. Leveraging data of 618M professional profiles and 86M company records enables companies to build data-driven products and generate actionable insights. Coresignal is exceptional in terms of data freshness, with 261M records updated monthly for unprecedented accuracy and relevance.

Contact for media: Aukse Budelyte-Janauskiene Coresignal PR Manager, [email protected] 

Source: Coresignal