Eightfold AI Product Overview
Eightfold AI is a pioneering talent intelligence platform that leverages advanced artificial intelligence (AI) and machine learning to transform the way organizations manage their workforce. Founded in 2016, Eightfold AI aims to help companies hire, retain, and grow a diverse and skilled workforce more efficiently than ever before.
Core Objective
The platform’s primary objective is to match the right person to the right job by analyzing billions of data points from resumes, job postings, employee performance, and skills databases. This approach helps reduce unconscious bias in hiring, ensures better matches between candidates and roles, and optimizes talent management across the board.
Key Features and Functionality
Talent Acquisition
Eightfold AI’s Talent Acquisition module provides a comprehensive suite of tools for sourcing, candidate relationship management (CRM), applicant tracking, job distribution, offer management, and interview scheduling. The platform uses deep-learning models to analyze candidate data, rank candidates based on experience, skills, and potential, and mask personal information to eliminate bias.
Talent Management
The Talent Management module is designed to nurture, develop, and retain existing staff. It includes features such as:
- Career Hub: Allows employees to complete their profiles, receive insights into potential career paths, and be notified of internal job opportunities that match their skills and aspirations.
- Skill Development: Provides personalized recommendations for skill-building projects, mentors, and courses based on current skills and career goals.
- Action Plans: Generates comprehensive action plans highlighting skill gaps and suggesting steps to improve, enabling employees to take ownership of their career development.
Succession Planning
Eightfold AI also offers robust succession planning capabilities, using AI-driven analysis to help managers evaluate entire teams based on members’ experience, skill proficiencies, career trajectories, and more. This feature enhances strategic planning around business targets, future needs, and skill gaps.
Talent Intelligence Copilots
Recently introduced, the Talent Intelligence Copilots leverage generative AI to enhance productivity and experiences for both employees and recruiters. The two copilots are:
- Employee Copilot: Assists employees in managing their careers, aggregating career insights, identifying education opportunities, and discovering internal career options through a conversational interface.
- Recruiter Copilot: Helps recruiters with tasks such as interview scheduling, sending candidate reminders, generating job descriptions, and consolidating insights from across the platform.
Global Reach and Integration
The Eightfold Talent Intelligence Platform is available in over 155 countries and 24 languages, making it a global solution for cutting-edge enterprises. It integrates with a wide range of applications, ensuring seamless maintenance and updating of employee profiles and skills inventories.
Benefits
- Strategic Talent Management: Enables companies to approach talent management strategically rather than tactically, using data and AI to make informed decisions.
- Improved Recruitment Efficiency: Reduces the time spent on recruitment by matching candidates more accurately to job roles.
- Enhanced Employee Retention: Fosters internal talent development and mobility, keeping employees engaged and satisfied.
- Workforce Optimization: Provides leaders with full visibility into their organization’s talent and skills inventory, facilitating better strategic planning and timely actions on up-skilling or re-skilling talent.
In summary, Eightfold AI is a powerful tool that revolutionizes talent management by leveraging AI and machine learning to optimize hiring, retention, and workforce development. Its comprehensive features and global reach make it an invaluable asset for organizations seeking to transform their talent into a competitive advantage.