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 Objective
The primary goal 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 is equipped with robust features for sourcing, candidate relationship management (CRM), applicant tracking, interview scheduling, and more. It includes functions such as requisition management, job distribution, offer management, and a unified experience for managing candidate pipelines from a single AI-driven dashboard. This module helps recruiters work smarter by automating and streamlining the recruitment process.
Talent Management
The Talent Management module focuses on nurturing, developing, and retaining existing staff. It provides a Career Hub where employees can complete their profiles, gain insights into potential career paths, and be notified of internal job opportunities that match their skills and aspirations. Employees can set personal goals, receive smart recommendations, and engage in skill-building projects and mentorship programs tailored to their career development. This module also includes succession planning capabilities, enabling managers to evaluate team members based on their experience, skill proficiencies, and career trajectories.
AI-Driven Insights and Copilots
Eightfold AI integrates deep-learning AI and, more recently, generative AI to enhance its capabilities. The platform introduces Talent Intelligence Copilots, which include an Employee Copilot and a Recruiter Copilot. The Employee Copilot assists employees in managing their careers, aggregating career insights, identifying education opportunities, and discovering internal career options through a conversational interface. The Recruiter Copilot aids recruiters in tasks such as interview scheduling, sending candidate reminders, generating job descriptions, and consolidating insights from across the platform.
Bias Reduction and Diversity
Eightfold AI’s use of AI helps in reducing unconscious bias in hiring by analyzing talent against over 1 billion global profiles, ranking candidates based on experience, skills, and potential while masking personal information.
Global Reach and Accessibility
The platform is available in 155 countries and 24 languages, making it a global solution for talent management. It empowers organizations to understand the potential of their workforce on a global scale and guide individual employees towards further learning, skill development, and career opportunities.
Career Development and Skill Gap Analysis
Eightfold AI provides personalized Action Plans for employees, highlighting skill-building projects and suggesting potential mentors. The platform conducts skill-gap analyses to help employees understand what skills they need to develop to move into potential future roles. This ensures continuous learning and skill development aligned with business goals.
Strategic Planning and Visibility
Leaders gain full visibility into their organization’s talent and skills inventory, enabling strategic planning around business targets, future needs, and skill gaps. This big-picture view allows leaders to take timely action on up-skilling or re-skilling talent and monitor leadership readiness.
In summary, Eightfold AI is a comprehensive talent intelligence platform that uses AI to streamline recruitment, enhance employee development, reduce bias, and provide strategic insights for talent management. Its robust features and functionality make it an invaluable tool for organizations aiming to build, retain, and grow a diverse and skilled workforce.