New York, December 1, 2020 – Last week, Walmart, PepsiCo, Nestlé, Unilever, Deloitte, Standard Chartered, Schneider Electric and others joined Gloat #Live, for the first-ever global virtual Human Resources conference on all things talent marketplace and agile enterprise transformation. Gloat, the workforce agility platform and trusted market leader, hosted this first-of-its-kind event to foster a dialogue with some of the world’s largest corporations, which are leading the global effort to revolutionize the workplace with an employee-centered digital strategy.
Today’s internal talent marketplaces, which HR thought leader Josh Bersin noted as “one of the biggest management innovations in business,” are dramatically altering the way organizations manage their workforces by encouraging talent agility, internal mobility and new career directions. By applying the latest in technology and innovation, talent marketplaces are designed to make companies more resilient to disruption by allowing managers to find internal job candidates to fill opportunities, harness employees’ career goals to satisfy business needs, and provide greater visibility into broad talent bases often found in large enterprises.
While many companies have long sought to rethink their HR structures and employee engagement philosophies, for Schneider Electric (SE) the talent marketplace strategy has been a success for the future. Divkiran Kathuria, General Manager of Talent Management, HR Analytics and Talent Marketplace at SE, said “for us, the culture of learning every day, daring to disrupt and empowering each employee to be themselves every day is extremely important. And that cannot happen without having a democratized talent marketplace.”
“The talent marketplace is going to reach into far corners of our organization to really accelerate the development of our talent, get them prepared for bigger roles and to take on meatier things within our organization,” said Laurel Catlett-King, Vice President of Talent at Nestlé, which has begun to use the talent marketplace as a critical tool in preparing employees to advance in their careers.
While talent marketplaces help companies quickly deploy talent, reskill workforces and advance employees’ careers, they also help increase corporate productivity. Mislem Sabag, People Services Tribe Coach, Mexico & Central America at Walmart, said “we typically think about efficiency as cutting headcount, but what this can do, you can utilize idle hours and idle skills that you already have in your talent pool.”
At the heart of the creation of the talent marketplace is adaptability and few disruptions have highlighted the need for an agile workforce like the COVID-19 pandemic. While the pandemic hurt the global economy and cast uncertainty on the future, it also accelerated the adoption of talent marketplaces to swiftly address corporate challenges. Unilever, which saw around 25-30% of their business impacted by the pandemic, was able to redeploy 9,000 employees to address the needs of new demands.
“We were able to move people that had less work to do to areas where our business was still growing,” said Jeroen Wels, Executive Vice-President Human Resources at Unilever. “This helped keep our business afloat, protect jobs and deliver the results that we delivered in the first half, and the talent marketplace was really critical to all of that.”
The talent marketplace will continue to evolve to ensure businesses adapt to the future of work. HR experts believe despite the uncertainty about the market, it’s clear the talent marketplace is here to stay.
Andrew Saidy, HR & Digital Transformations Executive at Seagate compared the talent marketplace to Uber, saying it’s “going to change the HR industry” and “is here to stay.”
Jeff Schwartz, Principal, U.S. leader for the Future of Work, Deloitte reflected on the future of the HR industry and said “my sense is a couple of years from now, this idea of workforce ecosystems, of internal and external in a much more dynamic flow, is going to be very much where we’re going to be and that’s going to change a lot, maybe everything about how we manage the people function.”
About Gloat: Founded in 2015, Gloat is redefining the future of work with its mission to democratize career development, unlock skills, and help enterprises build a future-proof workforce. The company was founded by Ben Reuveni, Amichai Schreiber, and Danny Shteinberg and is based in New York. The company has offices across the globe with a large R&D center in Tel Aviv, Israel. Gloat’s technology is being used by some of the largest employers in the world. www.gloat.com