Eightfold AI Product Overview
Eightfold AI is a cutting-edge talent intelligence platform that leverages advanced AI and machine learning to transform the way organizations manage their workforce. Founded in 2016, Eightfold AI is designed to help companies hire, retain, and grow a diverse and skilled workforce more efficiently than ever before.
Core Objectives
The primary objective of Eightfold AI 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 aims to reduce unconscious bias in hiring, ensure better matches between candidates and roles, and optimize talent management across the board.
Key Features and Functionality
Talent Acquisition
Eightfold AI’s Talent Acquisition module provides a comprehensive suite of tools for recruiting. Key features include:
- Sourcing and Candidate Relationship Management (CRM): Identifies and engages top talent through advanced sourcing capabilities and CRM tools.
- Applicant Tracking: Manages requisitions, job distribution, offer management, and interview scheduling.
- Unified Dashboard: Empowers recruiters to manage candidate pipelines for every position from a single AI-driven dashboard, speeding up the time-to-hire process.
Talent Management
The Talent Management module focuses on nurturing, developing, and retaining existing staff. Key features include:
- Career Hub: Allows employees to create detailed profiles, receive insights into potential career paths, and be notified of internal job opportunities that match their skills and aspirations.
- Skill Development and Gap Analysis: Provides personalized action plans, highlighting skill-building projects and suggesting potential mentors. This helps employees understand what skills to develop to move into future roles.
- Succession Planning: Uses AI-driven analysis to help managers evaluate team members based on their experience, skill proficiencies, and career trajectories, ensuring leadership readiness and strategic planning.
AI-Powered Insights
Eightfold AI utilizes deep-learning models to analyze talent against more than 1 billion global profiles, ranking candidates by experience, skills, and potential while masking personal information to remove bias. This ensures that the best and most diverse talent is identified and hired.
Talent Intelligence Copilots
Recently introduced, the Talent Intelligence Copilots leverage generative AI to enhance productivity and experiences for both employees and recruiters.
- 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 Accessibility and Integration
The platform is available in 155 countries and 24 languages, making it a global solution for talent management. It integrates with a wide range of applications, ensuring that employee profiles are easily maintained and kept current.
Benefits
- Strategic Talent Management: Enables companies to approach talent management strategically, rather than tactically, by providing comprehensive insights into the workforce’s skills and potential.
- Improved Recruitment Efficiency: Reduces the time spent on recruitment by automating and optimizing the hiring process.
- Enhanced Employee Retention: Fosters internal talent development and mobility, improving employee retention and satisfaction.
- Competitive Advantage: Helps companies remain competitive by upskilling their workforce and ensuring they have the right skills for future needs.
In summary, Eightfold AI is a powerful tool that revolutionizes talent management by leveraging AI to match candidates to roles, develop and retain employees, and provide strategic insights for workforce planning. Its robust features and global accessibility make it an invaluable asset for organizations aiming to optimize their talent management processes.