As the pandemic retreats, talent teams must contend with a very dynamic business environment and an increasingly competitive job market. Compared with a 15% voluntary turnover rate prior to the pandemic, more than 40% of people who responded to Microsoft’s 2021 Work Trend Index – a global survey of more than 30,000 people – said that they are considering leaving their employer this year. Similarly, 25% of US employees expect to look for a new employer “once the threat of the pandemic has decreased,” according to Prudential’s Pulse of the American Worker. Additionally, enterprises are evolving their business models and shuffling internal resources to position themselves for growth. Change always brings opportunity, and for talent leaders it’s the chance to consistently and rapidly align talent strategies with post-pandemic business needs. Using AI to accomplish this will allow organizations to remain future-proof in the face of rapidly changing business needs and global events.

AI-Powered Talent Intelligence

Eightfold is an AI-powered Talent Intelligence Platform that, through bi-directional integrations with traditional HR systems such as the popular Workday HRIS, Workday Recruiting, Workday Learning, and Workday Talent & Performance applications, enables employers to develop holistic talent strategies to support their businesses. Workday customers use Eightfold’s platform insights to implement a more agile and impactful talent strategy.

While traditional HR systems have rich data about each candidate and employee, these data are often self-reported and never encapsulate what each individual has done, let alone what each individual is capable of doing. By using Eightfold, organizations understand the true potential of their workforce on a global scale.

Eightfold’s proprietary global data set of more than 1.5 billion talent profiles and patented AI technology, enables employers to make more informed decisions about how and when to build, buy, or borrow talent. Integrating Eightfold with Workday allows talent leaders to identify skill gaps in the workforce, focus recruitment efforts, invest in the right talent, and respond effectively to shifts in business strategy.

When applied to talent acquisition, Eightfold’s AI empowers Workday customers to hire for capability, potential, and diversity. Armed with new tools and rich, real-time insights, recruiting teams can speed time-to-fill with quality talent, enhance the candidate experience, and advance diversity, equity, and inclusion (DE&I) goals in ways never before possible.

Unlocking the Talent Potential in Workday

Workday is one of the leading HCM systems and holds an essential place in the HR technology stack. Employers rely on Workday applications to store candidate and employee data, streamline day-to-day work, and meet HR regulations. Workday Recruiting and Workday HRIS are excellent systems of record with strengths in process automation, reporting, and compliance.

But employers need more than that to proactively develop and maintain effective talent strategy. That’s why an increasing number of Workday customers are augmenting their implementations with Eightfold.

Augmenting Workday with Talent Intelligence

Eightfold is an AI-powered talent intelligence platform that integrates seamlessly with Workday. It is the only purpose-built AI talent suite that empowers employers to plan and execute data-driven talent strategies that deliver meaningful business outcomes.

Eightfold is not a replacement for Workday; it’s not an applicant tracking or HR information system. Instead, Eightfold “sits on top of” Workday, enabling employers to get more value out of their Workday applications and the massive amount of talent data they contain. At its core, the platform provides AI-based insights about jobs and people—their skills, capabilities, and potential—to help talent leaders answer the fundamental questions they still struggle with, such as:

• What talent do we need to be successful?
• What is my talent capable of?
• What are our skills gaps?
• How do we fill those gaps?
• What skills are needed for this job?
• Who has the potential to succeed in this job?

Adding Intelligence to Talent Acquisition

By integrating Eightfold with Workday Recruiting, employers unlock the talent potential that lies hidden in the thousands of applications and resumes in this immense digital filing cabinet. Eightfold’s AI analyzes all past and current applicants to identify the most qualified candidates for a given role. The AI makes these job-fit matches instantly and accurately, at scale and without bias.

Employers can also connect Workday HRIS with Eightfold, extending these insights to current and former employees. By matching internal talent to open roles, employers can proactively identify internal talent and increase internal mobility and retention, promoting top and diverse talent before they are poached by a competitor.