Open Talent Market has been a success from the very beginning. Within the first two months of launch, the platform achieved an adoption rate that surpassed 60%, enabling more than 2,300 employees to begin to explore new roles within the business. As a result, nearly 127,000 hours of hidden capacity were unlocked in a matter of weeks.
Momentum only continued to build since Open Talent Market’s initial debut. To date, Schneider Electric’s talent marketplace has unlocked more than 200,000 hours and created a savings of over $15,000,000 in productivity gains and reduced recruitment costs. As Pelletier explains, “Definitely, the ROI is the unlocked hours. Think of your projects and your gigs. Normally you might go and hire a contractor to do something when there is someone who has the bandwidth within your own company to do what you need.”
Summlar expresses a similar sentiment, noting, “It has allowed us to achieve productivity. It has allowed us to have additional work done that we otherwise would have had to spend money to make happen.”
In addition to this impressive cost savings, Open Talent Market transformed internal mobility at Schneider Electric and activated the workforce’s own gig economy. In Pelletier’s words. “The one feature that gets the most play is mentorships. That has always been a strong cultural thing in Schneider Electric. What we did is we actually made it digital. So we took something that was a cultural norm and now we’ve got 12,000 involved in mentoring today. On average, every mentor has about two mentees, which is a wonderful thing to be able to see that and track it.”
The women of the workforce have quickly taken the lead when it comes to projects and gigs, with 55% of all assignments going to female applicants.
