TALENT MANAGEMENT, EMPLOYEE BENEFITS
PRnewswire | May 23, 2023
Engagedly, the leading AI powered cloud-based software for Performance, Learning & Development and Employee Engagement solutions, is excited to announce the launch of Growth Hub powered by Marissa AI™, a powerful new module that empowers employees to take ownership of their career growth, empowering them to develop their skills through skill-based organization. The new module is powered by Marissa AI and provides a customized development plan for each employee based on their individual goals and the needs of the organization.
Integrating 1:1 meetings into the Growth Hub further helps in setting clear expectations for employees and managers and provides ongoing support for employees looking for career progression opportunities. The use of Marissa AI gives employees insight into what competencies and skills are required from each level, helping them build the knowledge needed to advance their careers as well as better aligning individual objectives with organization objectives, benefiting both parties in terms of improved business outcomes.
Growth Hub module include:
Individual Development Plans (IDPs) - enabling employees to put forth their growth aspirations as a development plan with learning objectives and milestones
Integrated Learning Path with LXMS- enabling employees to integrate comprehensive learning journeys through different courses from the Engagedly LMS for themselves.
Skill Library, Competency and Learning Resources: Growth Hub will offer a library of competencies and skills required for different roles across multiple industries, for employees to focus on developing to advance their careers within your organization. In addition, a first of its kind learning resource recommendations provided by Marissa AI.
This enhanced Growth Hub capability empowers each individual to take ownership of their career growth within organizations to quickly level up their growth.
"Employees need to have an agency in their own careers and upskilling and Engagedly's Growth Hub does precisely that for them," says Sri Chellappa, Co-founder & CEO at Engagedly. "Our unique offering integrates Learning Management (LMS), Skills, Learning recommendations, all powered by Marissa AI will give people centric organizations an edge."
Research has shown unambiguously that employees are more likely to stay with a company that supports their career growth and development.
These updates provide Engagedly clients with more powerful tools than ever before for creating an effective nurturing environment that is tailored to each individual so they can level up their workforce.
About Engagedly
Built on best practices and decades of research, Engagedly's AI powered People+Strategy platform helps organizations build high performance culture. With Engagedly's Modular Platform, organizations can Execute on their strategy with goals/OKRs, performance appraisals and 360 reviews, Enable their people development with Growth Hub, 1 on 1 feedback, LMS, Mentoring/Coaching, and Engage their people with Recognition and Rewards, Employee Survey and Social Praise.
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TALENT MANAGEMENT, TALENT ACQUISITION
PRnewswire | May 22, 2023
Greenhouse, the hiring operating system for people-first companies, today announced it has moved up within the Core Leader zone in the 2023 Fosway 9-Grid™ for Talent Acquisition. For the third consecutive year, Greenhouse has been recognized as a talent acquisition industry leader for its continued growth in EMEA, investment in enterprise, product advancements and proven ability to deliver value to customers as they work to improve their hiring processes and build stronger businesses.
The skills crisis remains a big challenge for the largest of European economies and according to Fosway, "Employers are still desperate to hire key skills despite a mixed economic outlook." Companies paying close attention would do well to focus on key areas of strategic ability including candidate experience which includes structured interviewing, onboarding and adding the right integrations to their personalized hiring tech stack. Additionally, amidst an uncertain economic outlook, Fosway reports, "Corporates in EMEA are looking to both increase diversity and reduce bias," which places more emphasis on talent acquisition teams to further prioritize bias mitigation in the hiring process for fairer decision-making.
"The Talent Acquisition market is evolving at pace, despite the challenging economic climate," said David Wilson, CEO, Fosway Group. "Greenhouse has shown significant growth over the past year, and also continues to innovate, accelerating its potential value to customers and its wider partner ecosystem."
According to Fosway, "For corporates, a recession can mean two things: either hiring stops or it continues but selectively. For TA teams, this can create the opportunity to redesign or improve existing recruiting experiences, as well as to innovate and look at new solutions or evolve their TA ecosystem." There are numerous ways Greenhouse believes organizations can continue to create value, and this report underlines the need for a long-term, sustainable hiring process.
"European companies face a challenging moment of economic uncertainty, and this latest Fosway report highlights that another Great Resignation is on the horizon. Talent acquisition teams need to prepare to hire for what's next, now, and there's an acute need to focus on process improvements around candidate experience, onboarding in a virtual world and building a strong foundation of structured hiring to win top talent," said Colm O'Cuinneain, General Manager of EMEA, Greenhouse.
Key trends from the report that companies should consider:
Structured interviewing holds the key to a stronger candidate experience: The report recommends that talent acquisition technology buyers should embrace every improvement in the "interview revolution" to create better experiences for candidates. "Suite vendors are continually investing in their products, and each update provides more benefits to clients." Greenhouse recently launched Pay Transparency features within its hiring software suite.
A spotlight is given to onboarding workflows which are vital in hybrid work: Fosway says, "Onboarding transcends journeys and starts to create truly memorable experiences," emphasizing the importance of setting up new hires for success after the financial and time investment or hiring top talent. This report cites, "With close to 60% of organisations changing their approach to flexible working in 2023, more corporates will continue to feel the pains of virtual onboarding." Greenhouse Onboarding now includes new features like Greenhouse Goals for New Hires, to allow new hires to become productive, engaged and active members of the company faster.
DE&I and AI are having a reckoning in hiring: With new products touting AI and automation at scale, Fosway cautions that companies do their due diligence, comply with state and national legal compliance and continue to address and mitigate unconscious bias in hiring. "Reducing bias in hiring decisions is a shared accountability – corporates must work harder on their own controls as well."
As the average number of integrations per customer continues to grow, a seamless, customizable and wide-ranging integration ecosystem will support a personalized tech stack: Greenhouse has cultivated the largest partner ecosystem that includes over 450 unique partners. Greenhouse customers are offered free and open APIs that allow them to think – and solve for – every step and dimension of their hiring process. In 2022, Greenhouse added over 60 new integrations including Microsoft Dynamics, Oyster, Paylocity and Sapia.
The Fosway 9-Grid™ is EMEA's premier five-dimensional model that compares organizations based on their Performance, Potential, Market Presence, Total Cost of Ownership and Future Trajectories across the market. Unlike other analyst models, Fosway 9-Grid™ research is primarily focused on talent acquisition solutions which are relevant to international enterprise-scale customers whose primary engagement with provider is throughout European headquarters.
About Greenhouse
Greenhouse is the hiring operating system for people-first companies.
Our industry-leading software brings a structured hiring approach to any company's process, helping to promote more fair and equitable hiring practices and more data-driven decisions so companies can continuously get better at hiring.
We've helped over 7000 companies turn talent into their competitive advantage, so they can hire for what's next. Some of the smartest and most successful companies like HubSpot, Wise,, Booking.com, Hopin, Immersive Labs, Dunnhumby, Scout24 and The Knot Worldwide use Greenhouse for data and guidance on the behaviors and capabilities they need to improve their overall hiring performance as they move up the Hiring Maturity™ curve.
Greenhouse has won numerous awards including Fortune Best Workplaces (2019-2022), Inc. Magazine Best Workplace (2018 – 2022), Glassdoor #1 Best Place to Work, Forbes Cloud 100, Deloitte Technology Fast 500, Inc. 5000, Crain's Best Places to Work NYC and Mogul's Top 100 Workplaces for Diverse Representation (2022).
About the Fosway 9-Grid
Fosway Group is Europe's #1 HR industry analyst. The Fosway 9-GridTM provides a unique assessment of the principal learning and talent supply options available to organisations in EMEA. The analysis is based on extensive independent research and insights from Fosway's Corporate Research Network of over 250 organisations, including BP, HSBC, PwC, RBS, Sanofi, Shell, and Vodafone.
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TALENT MANAGEMENT, EMPLOYEE BENEFITS
Businesswire | May 19, 2023
ServiceNow (NYSE: NOW), the leading digital workflow company making the world work better for everyone, today announced Employee Growth and Development (EGD), an AI-powered talent transformation solution to drive skills-based workforce management. The new solution will help organizations better understand the strengths of their workforce and build a scalable skills strategy that helps close talent gaps and improve employee experiences—all on a single platform.
More than three-quarters of employees (76%) say they are more likely to stay with a company that offers continuous learning and development, according to SHRM. If leaders don’t focus on skills development to help employees thrive, they risk losing talent to companies that do. EGD addresses this challenge, connecting numerous, disconnected point solutions used for learning and development to guide employees and their managers through career plans and development goals. It’s underpinned by AI-powered skills intelligence acquired from Hitch Works, which will serve as a dynamic engine that recommends relevant trainings, mentors, and mobility opportunities.
“Organizations are nothing without their people. In this competitive market, to grow business, leaders need to enable their employees to grow their careers in equitable and dynamic ways. This can’t be done without skills intelligence,” said Jacqui Canney, ServiceNow chief people officer. "The vision of Employee Growth and Development makes that all possible through personalized learning experiences that continually develop and enhance employee skills based on data and insights, resulting in a more engaged, motivated, and resilient workforce."
One platform, one architecture, one data model connects systems and data
The Now Platform along with EGD’s dynamic AI-powered skills intelligence can help give the solution a distinct competitive advantage. ServiceNow’s open architecture enables companies to integrate with systems across the enterprise, as well as with third-party and external data sources. As the connective tissue, EGD will help companies move functionality out of point solutions and into a simple, consumer-centric experience for employees, managers, and business leaders.
“For years, HR leaders have invested in siloed tools for employee growth and development, leading to disconnected data and fragmented experiences. With Employee Growth and Development, ServiceNow is taking a major step forward in helping organizations simplify and optimize this experience,” said Gretchen Alarcon, SVP and GM, Employee Workflows, ServiceNow. “We’ve created a platform with AI-powered skills intelligence that spans back-end systems, so employees have a central place to access and act on all their learning, development, and growth needs. We’re leveraging the power of the Now Platform to power the employee experience of the future.”
By bringing learning, development, and skills intelligence together on a single platform, EGD will give organizations the ability to act on insights rather than instinct. This solution empowers organizations to build a data-driven talent management strategy that predicts, identifies, and develops skills that will have the greatest impact on the business and close talent gaps.
“Every company today is trying to build a skills strategy—it’s top of mind for CHROs and CEOs alike,” said Josh Bersin, founder and CEO, The Josh Bersin Company. “Building a skills database is a part of the solution, but it’s only a small piece of the puzzle. The future of skills is AI-driven. The companies that win will be those who push the boundaries of traditional HR and develop a sophisticated skills engine that brings siloed solutions together for more impactful, high-value learning. This is a big, bold move for ServiceNow!”
With EGD, companies can be smarter and more agile—evaluating and developing employees based on their skills, not just their experience or education. AI-powered skills intelligence also opens the door for dynamic career paths, surfacing new opportunities and trainings for employees so they can build the skills they need today while also planning for the future.
About ServiceNow
ServiceNow (NYSE: NOW) makes the world work better for everyone. Our cloud-based platform and solutions help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. So employees and customers can be more connected, more innovative, and more agile. And we can all create the future we imagine. The world works with ServiceNowTM.
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