Human beings are known for many different things, but most importantly, they are known for getting better on a consistent basis. This tendency to improve, no matter the circumstances, has empowered the world to clock 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 realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired from 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 right goods. The same has grown to become a lot more evident in recent times, and assuming one new HRM-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.
Phenom has officially released a brand-new workforce intelligence guide, along with consultative action plans to go with it. According to certain reports, the core idea here is geared towards helping companies efficiently implement and adopt workforce intelligence technology, something we have seen to go a long way in boosting employee development and retention. But what all is actually included in the stated guide? Well, we begin from its AI-driven skills ontology, which makes it possible for you to assess your current state of talent management maturity. Not just your own, but this particular ontology will also inform you on the wider HR technology landscape so to facilitate a productive comparison between industry benchmarks and your individual state of affairs. Once you are told about where you stand in wider scheme of HRM things, Phenom’s latest brainchild allows you to act on that information by delivering at your disposal an AI-powered solutions’ assortment. As for what these solutions will likely bring to the table, they will leverage, for instance, robust dynamic role architecture to instigate notably personalized career pathing. Next up, they will provide you with dedicated Employee Relationship Management Capabilities so to expedite your efforts in terms of promoting workforce and executing team development plans. We referred to development, Phenom’s AI-powered solutions will also offer various upskilling opportunities, and they will do so through online learning, gigs, and mentoring. Now, given the extensive focus on preparing a smarter workforce for tomorrow, it’s not exactly a surprise that the solutions in question further know a thing or two about identifying and supporting high-potential employees, therefore enhancing your succession planning initiatives to a significant degree. However, the companies won’t just be able to identity high-performing employees, but they can also expect to gain an idea regarding any potential gaps that might appear in the context of their future needs.
“Organizations taking on the herculean task of building a skills ontology without AI are destined to fail,” said Lora Kantorovich, Head of Strategy, Talent Management Solutions at Phenom. “They cannot react fast enough and both employees and the business will suffer. The right AI makes the task manageable, efficient, and scalable for long-term development and retention.”
Complimenting this whole package is a Workforce Intelligence Maturity Assessment, a feature in place to make sure that the resulting plan is optimally focused on your unique needs.
The development follows up on what has been a generational shift for the HRM industry, considering the way new-age technologies, such as AI, ML, VR, data analytics, and plenty more, have made workforce planning a top priority for companies looking to thrive in the year 2023. That being said, despite its unquestionable importance, the process of identifying skills and executing workforce planning is still very much a challenge. This is mainly due to existing tools’ lack of consideration for individual needs; a limitation Phenom’s latest guide will take head on from the get-go.