Eightfold AI Product Overview
Eightfold AI is a comprehensive talent intelligence platform that leverages advanced AI and machine learning to transform the way organizations manage their workforce. Here’s a detailed look at what the product does and its key features:
Core Objective
Eightfold AI’s primary goal is to match the right person to the right job, while also nurturing, developing, and retaining a diverse and skilled workforce. This is achieved by analyzing billions of data points from resumes, job postings, employee performance, and skills databases to optimize talent management.
Key Features and Functionality
Talent Acquisition
- Eightfold’s Talent Acquisition module provides robust tools for sourcing, candidate relationship management (CRM), applicant tracking, requisition management, job distribution, offer management, and interview scheduling. It uses deep-learning models to rank candidates based on experience, skills, and potential, while masking personal information to reduce unconscious bias in hiring.
Talent Management
- The Talent Management module empowers employees to take control of their careers through the Career Hub. Here, employees can complete their profiles, receive insights into potential career paths, search for internal job opportunities, and be guided to projects that help develop and refine their skills. The platform offers personalized action plans, skill-gap analysis, and recommendations for mentors and skill-building projects.
Career Development and Growth
- Eightfold facilitates continuous learning and skill development by providing curated opportunities for reskilling and upskilling across courses, mentors, and projects. Employees can set their own goals or be supported by smart, AI-driven recommendations. The platform also helps managers champion employee development with better visibility into team members’ skills and career aspirations.
Succession Planning
- The platform includes advanced succession planning capabilities, enabling managers to evaluate entire teams based on members’ experience, skill proficiencies, career trajectories, and more. This helps organizations understand the potential of their workforce and guide individual employees towards further learning and career opportunities.
Eightfold Talent Design
- Recently launched, Eightfold Talent Design introduces a skills-first approach to workforce management. It uses Gen AI to identify and close skill gaps across various industries, ensuring that organizations stay agile and upskill as their goals change. This feature helps align the entire organization towards common goals and ensures employees have a clear path to control their careers.
Global Reach and Accessibility
- The Eightfold Talent Intelligence Platform is available in 155 countries and 24 languages, making it a global solution for talent management. It provides a unified experience for recruiters, candidates, and employees, accessible from anywhere, with features like one-click job applications and mobile accessibility.
AI-Driven Insights
- The platform leverages AI to provide deep insights into workforce capabilities, future growth needs, and skill gaps. This enables leaders to take timely action on up-skilling or re-skilling talent, fostering guided learning and monitoring leadership readiness. The AI-driven skills analysis helps in creating a comprehensive talent profile that includes achievements, team information, and a custom skills inventory.
Benefits
- Eightfold AI significantly reduces the time spent on recruitment, improves employee retention through better internal mobility, and ensures companies remain competitive by upskilling their workforce. It also enhances strategic planning around business targets, future needs, and skill gaps, providing a big-picture view of the organization’s talent and skills inventory.
In summary, Eightfold AI is a powerful tool that revolutionizes talent management by combining AI, machine learning, and deep data analysis to match the right people to the right jobs, develop and retain talent, and drive strategic workforce planning.