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Betting on Skills to Break Free from Outdated Talent Management Ideas

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The human arsenal has always been a little on the loaded side, but honestly speaking, it still hasn’t seen an element more valuable than that desire of growing on a consistent basis. We say this because the stated desire has already got the world to hit upon some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to guide us towards a reality that no individual could have ever imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real-world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on delivering the goods. The same has grown to become a lot more evident in recent times, and assuming one HRM themed development pans out just like we envision, it will only propel that trend towards greater heights in the near future and beyond.

Gloat, the leading Agile Workforce Operating System provider, has officially launched an integrated set of AI tools named Skills Foundation, which is designed to help companies move beyond those typical job structures and become more of a skill-based organization. According to certain reports, Skills Foundation’s core value proposition settles around getting the businesses to identify skill gaps, and once the identification is duly completed, it even allows you to reskill and redeploy talent in a way that better complements the organization’s long-term and short-term ambitions. Talk about how the product manages to realize the stated feat, it does so by using Gloat’s proprietary graph-based big data and AI model, Workforce Graph™. Considering this AI model is trained on billions of data points from thousands of open web sources, government data sets, and partner information, it can reshape a company’s entire database to make it a harmonized, single source of truth for skills in the organization.

But what are some particular areas where Workforce Graph is able to scale up the picture? Well, for starters, it lets you build a comprehensive skills blueprint for every single role. Here, the idea touches on using that blueprint to adjust job design and hire or upskill for the most critical skills. Next up, the model, given its deep pool of intelligence, can help a company in defining talent acquisition priorities in conjunction with the market trends. Interestingly enough, the Workplace Graph also has the capability to effectively drive a business’s restructuring initiatives. In simpler words, one can easily use to it eliminate redundant roles, uncover transferable skills, and redeploy talent at scale from outdated to emerging areas of need.

“The surge of new technologies and newly required skill sets cannot be ignored,” said Ben Reuveni, CEO of Gloat, “Over two years ago, we introduced Workforce Intelligence to market because, as a pioneer in the Talent Marketplace, we saw that every business is impacted, and every business must adapt to remain viable. We realized we had a wealth of real-time data from marketplace engagement and channeled it into actionable tools to support organizations moving to a skills-based, data-driven model. Today, we’ve expanded on those capabilities with a complete Skills Foundation offering.”

Founded in 2015, Gloat is today one of the biggest players when it comes to giving organizations that much-needed change adaptability, along with the means to ensure more fulfilling and equitable careers. The company’s excellence in what it does is wholly visible across its clientele, which includes names like Schneider Electric, Standard Chartered Bank, PepsiCo, Nestlé, Novartis, HSBC, Seagate, and many more.

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