article thumbnail

The most important part of workforce planning is skills intelligence

Eightfold

An organization’s workforce plan is a huge roadmap that should set it up for success, covering several years and every aspect of the business. For many, “workforce planning” means focusing on managing costs, and deducing where the largest ticket items are on the profit and loss statement.

article thumbnail

An Economist’s Case for Investing in Workers When Inflation is High

Eightfold

3 Workforce Planning Factors That Prevent Future Labor Shortages. With a recessionary environment looming, organizations will likely see more volatility and should take workforce planning seriously. Sania Khan is the Chief Economist at Eightfold AI.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Tech Layoffs Mean for the Labor Market at Large

Eightfold

To answer HR’s burning questions about the recent tech layoffs, we asked Sania Khan, Chief Economist at Eightfold AI, to share her insights on the topic based on her research from the labor market and proprietary Eightfold data. . Eightfold: Did anything surprise you from the tech layoffs report? If so, what?

article thumbnail

Best Practices for Successful Workforce Planning During Economic Uncertainty

Eightfold

Company leaders are asking themselves, “Do I plan for leaner times, greater growth, or both?”. The answers to these questions directly impact workforce planning. Even when finances are strained and the path forward is unclear, it’s essential to conduct adequate strategic workforce planning for the future you anticipate. . “As

article thumbnail

Is Your Talent Pipeline Drying Up? AI-Driven Intelligence Can Unlock Talent Management Success

Eightfold

At the same time, Eightfold AI has aggregated over a billion profiles of people – a huge proportion of the working world – and over a million skills that can be analyzed to generate actionable intelligence. To illustrate, let’s explore one example of how AI can now be used to support workforce planning and hiring.

article thumbnail

How to Transform Talent Practices With Skills

Eightfold

Eightfold talked about an alternative, hiring people based on their skills, in a recent webinar. Eightfold’s AI shows that there are 1.4 So often a company goes out to find a temp worker or contractor who could have been found internally, if only the company realized someone with those skills were right there in its own workforce.

article thumbnail

AI in HR: Accelerating the power of your people – what you need to know

LACE Partners

There are also notable examples of AI in learning technology, such as Learn Amp or Eightfold where Netflix-style suggestions help improve employee experience and support development. Eightfold u ses AI to identify talent and capabilities both within and outside organisations. How will Hybrid working impact our business?