Talent Management, Employee Experience

Eightfold AI Launches Skills-Based Talent Planning, Empowering Business Leaders to Stay Ahead of Market Shifts with a Future-ready Workforce

PRnewswire | May 11, 2023 | Read time : 05:00 min

Eightfold AI Launches Skills-Based Talent Planning

Eightfold AI, the leader in AI-powered talent intelligence, today announced Skills-Based Talent Planning. Eightfold Talent Planning is a solution for organizations to analyze, forecast, and future-proof their workforce by assessing skills and resourcing gaps in real-time. This is an effective way to reduce the risk of costly and disruptive reorganizations and withstand unpredictable industry shifts.

Today, enterprises rely on ineffective spreadsheets to plan their workforce, without a true understanding of talent and skill trends, such as a sharp rise in digital skills within financial institutions. This method is outdated and leaves many without a path forward in times of rapid change. Eightfold Talent Planning allows business leaders to understand how these trends impact the needs of their organization. Eightfold feeds this insight into its industry-leading Talent Acquisition, Talent Management and Talent Flex solutions, allowing organizations to execute skills-based talent strategies at scale. Proactively hiring key roles and transforming existing jobs ahead of major workforce trends creates significant value, agility and flexibility for Eightfold customers, allowing customers to thrive during times of great upheaval.

"The speed at which business is evolving is too great for anyone to manage alone: our platform translates massive amounts of talent data into a blueprint for what skills a business has today and will need tomorrow," said Ashutosh Garg, CEO of Eightfold AI. "The result is an intelligent, easy-to-use offering that will allow business leaders to grow flexibly instead of being forced to execute on expensive, reactionary workforce changes."

Eightfold Talent Planning makes having a future-ready workforce a continual part of the talent process instead of a one-time exercise. This creates a strategic advantage, better aligning workforce planning with business objectives and allowing HR leaders to:

  • Leverage a global talent data set, including from the existing workforce, providing insights on people and industry talent trends

  • Understand market disruption's impact on every role: learn which skills will become more important, and which will reduce in prominence

  • Identify the talent to attract, engage, upskill and re-deploy into future roles

  • Forecast and scenario-plan the time required for skills and proficiency to develop in existing and emerging areas, and how roles and organizations should evolve over time

  • Capture progress and fully execute on a coordinated talent plan by integrating with Eightfold Talent Acquisition, Career Hub, and the entire Talent Intelligence Platform

"Utilizing robust talent data to inform and enhance actionable workforce planning - for both today's and tomorrow's needs, represents a massive step forward in the practical use of AI," said Kevin Moss, Managing Director, Workforce Planning Practice Leader, Deloitte Consulting, LLP. "We are proud to collaborate with Eightfold AI as they continue to bring people-first usage of advanced technology into the mainstream."

About Eightfold AI

Eightfold AI's market-leading Talent Intelligence Platform™ helps organizations retain top performers, upskill and reskill their workforce, recruit talent efficiently, and reach diversity goals. Eightfold's patented deep learning artificial intelligence platform is available in more than 155 countries and 24 languages, enabling cutting-edge enterprises to transform their talent into a competitive advantage. For more information, visit www.eightfold.ai.


We might cringe at the idea of fun at work, but when it isn't forced, it makes a huge difference in the employee experience. It connects your employees; strengthening communication and teamwork while driving one of the most important factors in increasing productivity and profitability: engagement.


We might cringe at the idea of fun at work, but when it isn't forced, it makes a huge difference in the employee experience. It connects your employees; strengthening communication and teamwork while driving one of the most important factors in increasing productivity and profitability: engagement.

Related News

Compensation Management, Payroll

Payslip Harnesses AI to Revolutionize Global Payroll Management

PRnewswire | July 19, 2023

Payslip, a pioneer of the Global Payroll Control Platform, proudly announces a groundbreaking advancement in global payroll management, leveraging the power of Artificial Intelligence (AI) to drive efficiency and accuracy. With its state-of-the-art AI-driven platform, Payslip is set to transform how businesses worldwide manage their complex payroll operations. Global payroll management presents multifaceted challenges, with diverse regulations, and reporting requirements across multiple countries. In response to these complexities, Payslip has developed an innovative AI-driven solution that streamlines the entire payroll process, ensuring a seamless and efficient experience for Multinational businesses. Key Features of Payslip's AI-Driven Global Payroll Solution: Intelligent Automation: By harnessing advanced AI algorithms, Payslip automates manual tasks, such as data entry and compliance checks. This leads to a substantial reduction in errors and frees up valuable time for payroll teams to focus on strategic initiatives. Real-Time Insights: With Payslip's AI-powered platform, businesses gain real-time visibility into their global payroll data. Comprehensive analytics and customizable reports empower decision-makers to make data-driven choices, enhancing efficiency and productivity. Automated Payroll Reconciliation: Harnessing the power of advanced AI automation with state-of-the-art algorithms and intelligent rule systems at its core, the Payslip Payroll Reconciliation Solution proactively identifies inconsistencies and flags potential discrepancies, delivering real-time results. This groundbreaking solution provides an unparalleled level of accuracy and precision, ensuring that employee salary, taxes, deductions, and benefits are calculated and recorded. The solution effortlessly compares data from local providers with the source data calculation files, instantly detecting and highlighting variances for prompt investigation and resolution by global payroll professionals. Seamless Integrations: The AI-powered platform seamlessly integrates with existing HRIS, ERP, Finance systems, payroll vendors, and payroll engines This integration eliminates the need for complex data transfers, imports data from any file format or source automating pre-payroll data processing removing manual work, ensuring a smooth transition and minimal disruptions to daily operations. Fidelma McGuirk, Founder & CEO of Payslip.com, expressed her excitement about this transformative development, stating, "Our commitment to providing the best global payroll technology has led us to explore cutting-edge automations. The incorporation of AI in our global payroll platform marks a pivotal moment in simplifying payroll management for businesses around the world. We firmly believe that this advancement will empower organizations to achieve unparalleled efficiency and accuracy in their payroll operations." Payslip's AI-driven global payroll solution signifies the company's dedication to delivering innovative and comprehensive global payroll solutions. As the world embraces digital transformation, Payslip stands at the forefront, empowering businesses to thrive in the new era of intelligent global payroll management. About Payslip Payslip is the leading global payroll management platform that empowers multinational organizations to streamline and simplify their payroll processes across multiple countries. At Payslip, we understand the challenges faced by multinational companies in handling diverse payroll systems, tax regulations, and reporting requirements. Our advanced cloud-based platform harnesses the power of AI and integration as a service, enabling seamless data exchange between HR systems, time and attendance systems, and financial systems. By eliminating manual data entry and reducing errors, we enable organizations to achieve greater accuracy and efficiency in their payroll operations.

Read More

Hr Analytics, Payroll

Truework Announces Guardian HR Product to Securely Automate Income Verifications for Payroll Providers

PRnewswire | July 17, 2023

Truework , a leading provider in verification of income and employment (VOIE) in the U.S., announced today the launch of Truework Guardian, a new verification automation tool for employees, employers and payroll providers that replaces the manual HR verification process while increasing the protection of sensitive data. Guardian is the first solution to help payroll providers and Human Capital Management systems (HCMs) automate verifications for every employer while protecting employee data through unique risk scoring on every request. Guardian allows payroll providers to scale verification to thousands of employers without sacrificing on data security, privacy, or transactional speed. Similar to modern credit card systems where consumers are alerted about potential fraudulent transactions, Guardian notifies employees whenever a verification request is deemed suspicious, requiring additional authorization before sensitive data is shared. Within the Guardian product, payroll providers and HCMs can use Truework's proprietary Transactional Risk Scoring system to set thresholds for which verifications are auto-approved and which require additional employee authorization. "Helping protect employee data while accelerating high-impact financial transactions, like buying a home, is at the core of Truework's mission," said CEO Ryan Sandler. "With Guardian, payroll providers finally have the ability to automate verifications for every employer using risk-based insights to flag potentially fraudulent requests. This provides the best possible employee and employer experience." In 2021, Truework launched the Payroll Network alongside Gusto and Rippling to allow payroll providers to customize data sharing settings for employers and employees on their platform, improving data transparency and control. Guardian is the next evolution in this offering, allowing payroll providers and HCMs to standardize verification automation for every employer using their platform. "Requiring additional employee authorization on a high-touch transaction like applying for a mortgage adds unnecessary friction because the employee has already provided consent," added Sandler. "With Guardian, we analyze unique risk insights based on the reputation of the verifier, the classification of the verifying institution, as well as IP address and other data points to only require additional authorization when the risk of fraud is elevated." Before Guardian, many verification providers would automatically approve verification requests without a full assessment of risk, significantly increasing the chances of fraud or identity theft for all employees. In 2023, Truework has onboarded 3 new payroll partners into their instant data network representing over 8 million employees. Guardian is currently available for over 48 million employees spanning across some of the largest payroll systems in the country. About Truework On a mission to create trust in every financial transaction, Truework provides a one-stop, customizable platform for income and employment verification that prioritizes efficiency, accuracy, and security. Using Truework, banks, lenders and tenant screening providers can verify 90% of U.S. employees.

Read More

Employee Engagement

Oracle Elevates Employee Engagement with Innovative Rewards Platform

Oracle | September 22, 2023

Oracle introduces new employee recognition and rewards capabilities within Oracle ME, enhancing the employee experience in Oracle Fusion Cloud Human Capital Management. Oracle Celebrate, a unique recognition and rewards offering, aims to improve performance, engagement, and retention by personalizing the employee experience. Features of Oracle Celebrate include peer-to-peer recognition, AI assistance, nomination and event-based awards, redeemable points, recognition insights, real-time data, and a recognition-based social feed. Oracle has unveiled its latest enhancement to the Oracle ME employee experience platform, embedded within Oracle Fusion Cloud Human Capital Management (HCM). This development, Oracle Celebrate, stands out as a groundbreaking recognition and rewards solution designed to elevate performance, engagement, and staff retention by delivering a more customized and meaningful experience for employees. Yvette Cameron, Senior Vice President of Product Strategy at Oracle Cloud HCM, emphasized the significance of acknowledging employees and said, Employees are the foundation of any successful organization, and leaders need to ensure that their people feel celebrated and valued or risk losing both talent and productivity. [Source - Cision PR Newswire] Cameron stated that with Oracle Celebrate, organizations could now utilize a comprehensive and unified employee experience platform. She explained that this platform aligned recognition with company values to nurture a culture of appreciation and acknowledgment. Furthermore, she emphasized that it encouraged more impactful peer-to-peer interactions. Cameron highlighted that these newly introduced capabilities simplified employee recognition, made it meaningful and inclusive, and empowered HR and business leaders to give precedence to employee appreciation. She added that it also served to enhance engagement and motivation within the workforce. Key features of Oracle Celebrate include: Peer-to-peer recognition: This feature enables employees and leaders to acknowledge their colleagues across the organization in real time, with personalized recognition linked to business values. It seamlessly incorporates peer recognition into an employee's daily routine and work processes. Generative AI assistant: Employees can enhance peer-to-peer recognition by receiving suggested improvements for their submissions, facilitating the creation of more impactful recognition notes for peers. Recognition insights dashboard: Managers can access detailed insights about the recognition patterns within their teams, highlight individuals who may require additional support, and identify top contributors. Nomination and event-based awards: This feature permits employees to recognize their peers for significant events such as promotions and work anniversaries, as well as nominations made by managers and peers, such as the ‘Employee of the Month’. These recognitions are initiated by updates to employee profiles in Oracle Cloud HCM. Real-time recognition and engagement data: Organizations can continually update and monitor recognition programs with precise data, enabling administrators to measure their effectiveness and correlate recognition efforts with business outcomes. Redeemable points: Employees can accumulate points when recognized by team members, which can later be exchanged for rewards integrated into the system by the organization. Recognition-based social feed: Employers can create a real-time stream of organization-wide and team-wide awards and accolades, promoting camaraderie and increasing visibility for daily accomplishments. Zachary Chertok, the research manager for employee experience at IDC, mentioned that the applications and value of recognition are expanding and evolving as organizations rethink how they connect into and uplevel employee success. He also noted that building an ecosystem for recognition assists in sourcing the roots of achievement, moving the needle on best practices as success occurs, stimulating cultural acceptance around process innovation, and fostering belonging through community acknowledgement and appreciation. Ushaan Abeywickrema, the director of human resources at MAS Capital, noted that many organizations find it challenging to establish a straightforward system for ensuring that employees receive the praise and recognition they deserve. He pointed out that this represents a significant gap in the HR software market, especially considering the well-known importance of fostering a strong sense of value and accomplishment to enhance employee engagement and workforce efficiency. Abeywickrema also conveyed excitement about Oracle Celebrate and its potential to introduce innovative capabilities that could revolutionize how they personalize the employee journey. He expressed hope that Oracle Celebrate would make it easier to acknowledge the dedication and hard work of their team members, all while reinforcing their commitment to their organizational culture and productivity. He believed that by recognizing their contributions, their employees would feel more seen, supported, and empowered to perform at their best and deliver their finest work. Oracle Cloud HCM, a cloud-native solution, offers a comprehensive platform connecting all HR processes from hiring to retirement. It provides HR teams with a unified source of truth and leverages built-in AI to analyze workforce data, offering recommendations to enhance business operations.

Read More