Eightfold.ai has taken its proprietary Talent Intelligence Platformâ„¢ to a new level with the addition of Project Marketplace. Its learning platform has been instrumental in guiding companies on top performer retention, reskilling, and high-quality recruitmentOpens a new window . This in turn has enabled organizations to discover the true potential of their talent management process.
With the additional capability called Project Marketplace in the platform, Eightfold.ai has launched the first artificial intelligence (AI) solution that HR leaders can add to their arsenal to manage the changing workforce and its needs.
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Project Marketplace provides an entire gamut of elements that empowers employees in career management. They can assess their current skills, map themselves to relevant roles, identify career progression options, discover mentoring support, and enroll in learning programs to upgrade themselves. Employees can carry out this vast range of talent managementOpens a new window activities themselves through a single platform. One significant advantage with respect to training is the emphasis and possibility of experiential learning that employees can now avail themselves of.
Project Marketplace captures an essential need that is currently not being met. HR leaders and CEOs are grappling with a lack of credible methods to reassess what their current employees are capable of and, as a result, remapping their skills and redeploying them. It also allows employees to identify projects that can add to their learning curve.
The current market situation indicates that many organizations may see redundancies in current job roles. In this scenario, an AI-enabled platform like Project Marketplace offers a solution to realign current talent for better productivity as well as engagement.
Another critical area that organizations are increasingly focusing on is diversityOpens a new window metrics and goals. There is an urgent need to find platforms that facilitate diversity initiatives through their use of unbiased algorithms. This is a massive advantage of Eightfold’s AI model. This is because of its use of Equal Opportunity Algorithms to prevent bias based on gender, ethnicity, age, and so on. All eligible employees have equal access to the platform, eliminating the chance of underrepresentation from any employee segment.
The launch of this capability shows the importance of experiential learning and how it has become a priority area for companies in the last couple of years. Some inroads have also been made by companies like Talespin, which uses extended reality (XR) to create relevant training programsOpens a new window to provide employees of an organization with the right methods to learn and, more importantly, apply their new skills. The idea is to encourage employees to be proactive about their careers and manage their growth by continuing to learn and relearn.
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The current pandemic has accelerated the need for virtual learning solutions that HR teams need to provide to employees. These solutions need to be relevant for existing skills but equally linked to future skills that the employees might need to learn immediately to remain employable. There are many instances of how HR is managing remote learning during these circumstances.Opens a new window These interventions are specially designed and based on technology, to ensure in-depth learning and foster employee engagementOpens a new window even in these unusual circumstances.
Tech tools that can be easily implemented by organizations and accessed quickly by a remote workforce are the new normal in learning and development. The challenge is to identify the right set of talent within the company and provide them with these empowering tools to prevent a break in their learning. Organizations have to be future focused in order to remain sustainable and also retain their high potential talent. In the absence of other forms of monetary recognition, which may be difficult for firms to provide in the present situation, creating a robust learning approach embedded in scalable technology is the need of the hour. Learning approaches have to be redesigned to provide motivation to as well as assimilation of the knowledge in employees who may be juggling multiple priorities in the remote setup.
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