There are compelling synergies from leveraging a single system for both Talent Acquisition and Talent Management. When powered by AI, organizations can more easily understand their internal capabilities and gaps and access talent pools both within and outside the organization.
We think adopting a unified Talent Intelligence Platform will be the foundation upon which many a great company of the future is built.
In this report, get:
Historically, the role of talent acquisition and talent management has been siloed. Though undeniably related (acquisition and retention of great talent = successful company), the goals, processes, systems, and administrative functions for each have evolved separately.
Over the past few years, we have seen these silos being tackled and systems come to market that enable a more holistic and strategic approach to both talent acquisition and management. This evolution had already been well underway but has been accelerated by secular shifts resulting from the COVID-19 pandemic.
Organizations have invested in solutions to address specific facets of the talent journey, like ATS, HRIS, career site, and countless more point solutions. As a result, organizations have acquired significant amounts of information that, when consolidated and consumed by AI, can help deliver outsized value to the organization, workforce, and candidates.
We think there is a significant advantage and competitive differentiation to be had by combining talent acquisition and management functionalities into one platform for the following reasons:
the interconnectedness of talent acquisition and management, the need for strategic planning and execution across the talent spectrum, and the ability to leverage the rich treasure trove of talent data typically fragmented across different systems and tooling.
This paper lays out the business case for a “Unified Talent Intelligence Platform” for Talent Acquisition, Talent Management, and Talent Intelligence. We describe what this platform looks like operationally, discuss important considerations for decision-makers, and provide best practices for getting started. We also include early market examples and results of companies that have adopted this strategy.
Why Now: Secular Changes Driving a Single Platform Approach
Before we jump into strategies and operations, it’s important to consider the secular changes and trends that have been unfolding for more than a decade, as well as the more sudden systemic shocks that happened over the last 12 months but will have lasting implications. These secular shifts provide the underlying context for today’s hiring landscape and underpin the need for a more intelligent and holistic approach to talent strategies.
