Talent intelligence is so much more than data. AI-powered talent intelligence platforms are prompting CHROs to harness deep technologies to reduce bias in recruitment and ensure candidates are culturally cohesive in the workplace. With AI tools empowering workforce planning and management, HR is becoming a strategic function. Skill adjacencies, learnability, and internal mobility form the new-age mantra of the AI-backed HR manager.
The Role of the AI-Powered Talent Intelligence Platform in Transforming Human Resources
Globally, human resource departments are undergoing a sea change to build future-ready workforces. A complete HR transformation is required to usher in workforce management strategies that resonate with employees and are oriented to business objectives. First, the problem of bad hires has to be addressed proactively. How can advanced artificial intelligence (AI) solutions help hiring managers avoid bad hires?
Enter the AI-powered talent intelligence platform: technology that minimizes costly recruitment errors, empowers organizations to make data-driven hiring decisions, and guides optimal workforce planning.
The global talent intelligence software market is expected to grow nearly threefold in value to $27.82 billion by 2033 from $.98 billion in 2023. That means the market size is expanding at a CAGR of 11.97%, riding on the trend of digitization and automation. According to market research and industry consulting firm, Spherical Insights, the demand for innovative talent intelligence platforms is high, especially in North America, which is predicted to hold the largest share of the talent intelligence software market over the coming decade.
Why Our AI-Powered Talent Intelligence Platform Will Revolutionize HR
AI-powered talent intelligence from a comprehensive 360-degree ideal-fit candidate identification platform by ValueMatrix does not stop at resume-based and online-inferred intelligence. It uses deep learning technologies that draw from I/O (industrial and organisational) psychology to provide deep insights about a prospective employee in terms of:
- Existing skillset
- Subject matter expertise
- Leadership abilities
- Personality traits
- Potential for L&D activities
- Behavioral habits
- Propensity to fit in
An HR professional who previously looked for the right or good-fit candidates, ticking the first three boxes above, will be empowered to look deeper to check for the following four attributes, too.
The ValueMatrix talent intelligence platform steers the shift from traditional recruiting to insights-driven talent management. Instead of documenting information on jobs, job descriptions, skills, and role-matching in a clerical manner, you, as an HR manager, will move to the strategic space – designing workforce management strategies that promote a people-first talent ecosystem built on shared values and behaviors.
Soon, we will witness a complete HR transformation with talent intelligence. AI will play a massive role in the change as transactional HR transitions into a strategic HR function, aligning talent intelligence with business goals.
What is an AI-Powered Talent Intelligence Platform?
AI-powered talent intelligence involves aggregating, analyzing and interpreting data on talent and labor market indicators from within and outside the organization. Most players who offer software solutions in this field are DEFINING TALENT INTELLIGENCE as MORE THAN JUST DATA and promise to convert talent intelligence into actionable HR processes. Here is a sample:
Depending on how the AI algorithms are trained, HR professionals can harness information to hire and retain candidates who add value to the organization. For that, you need to know what AI can do and what your platform of choice is delivering.
How AI Technology Enhances Talent Discovery, Assessment, and Alignment
AI technology can support HR transformation with talent intelligence at every stage of the talent acquisition process.
Talent Discovery:
AI assists in finding potential candidates by monitoring application tracking systems, human resource information systems, professional networking sites such as LinkedIn and GitHub, online job repositories such as Indeed and Monster, employee referrals and internal talent communities, university alumni and academic networks, and professional associations, conferences,, and research publications.
Talent Assessment:
AI supports a variety of assessments, from chatbot interviews and video interviews to tests to evaluate technical, communication, and soft skills. ValueMatrix assessments stand apart as they are based on computational psychometrics and psycholinguistics, macro and micro-expressions during interviews, and behavioral pattern detection based on past performance reports.
Talent Alignment:
AI, ML, NLP, computer vision techniques, and pioneering algorithms based on I/O psychology reveal whether a candidate is the right fit for the organization’s work culture. Alignment with enterprise values, vision, and mission helps build winning teams.
It is the CHRO’s responsibility to ensure that the AI talent intelligence platform the organization invests in delivers the best mix of the above.
ValueMatrix is the best-in-class AI talent intelligence platform with a strong discovery-assessment-alignment mechanism for organizations that wish to thrive. We specialize in identifying ideal-fit candidates who are highly skilled (or skillable), emotionally intense, and culturally cohesive and are destined to make winning teams.
Culture fit with AI Insights is the latest addition to HR transformation with talent intelligence.
We, at ValueMatrix, recognize that culture fit is integral to employee engagement and retention. Our AI platform not only streamlines recruitment, but our tools also analyze personality traits, communication styles, working preferences, and behavioral patterns to determine alignment with organizational culture. Why? When an employee has a sense of belonging, s/he integrates seamlessly with the workplace, fostering collaboration and team spirit. Our approach is backed by tried and tested scientific frameworks such as:
The Five-Factor Model (OCEAN) to determine personality traits
Automatic Personality Predictions through Psycholinguistics
Competing Values Framework for gamified organization culture match assessment
Building Smarter Workforce Management Strategies with AI
CHROs reading this blog probably know it is time to revamp workforce management strategies in tune with available technologies. With AI tools taking over the drudgery of the human resources function, an HR transformation with talent intelligence has unfolded, with HR professionals positioned to take on a new role of strategic people force architects.
Leveraging AI to Optimize Talent Acquisition and Deployment
What AI use cases can help a CHRO transform into a strategic leader, with a place at the driving seat of the company’s work ethos? Let us take a look:
- Candidate Screening: Sifting through applications to identify top-fit candidates
- Skills Gap Analysis: Tracking workforce capabilities against market trends and demands
- Attrition Prediction: Analyzing employee behavior patterns to predict turnover risks
- Future Forecasting: Monitoring historical data to foretell workplace developments
How AI-Powered Talent Intelligence Platforms Enable Workforce Planning
In addition to the predictive insights that support workforce management strategies, a CHRO will significantly benefit from AI-assisted scenario modeling to help with effective workforce planning.
Scenario modeling can help you plan for different situations related to business growth, skill evolution, workforce composition, and economic impact. For example, AI-assisted workforce planning for a sudden spike in attrition will typically throw up scenarios such as:
- Real-time adaptation: Immediate replacement strategies, internal mobility opportunities, and skill development programs.
- Risk Mitigation: Analysis of the local talent market, salary ranges compared to the competition, time to fill estimates, and alternative locations based on talent availability.
- Cost Optimization: Remote work savings, training vs hiring costs, recruitment channel effectiveness checks, impact on productivity, optimization of perks and benefits.
- Strategic Decision Support: Answers to questions such as, “What if we need to reskill or upskill the workforce on the use of AI technologies in the next six months?”
- Succession Planning: Impending retirements, peer feedback, project outcomes, adaptability metrics, and high-potential employees who may be flight risks
- Identification of Early Potential: Leadership behaviors, learning agility, hidden talent patterns in output, current skills mapping with future leadership requirements
- Fast Tracking Leadership Responsibilities: Accelerated development paths, paired mentoring for complementary strengths, early exposure through projects
- Organizational Decision Making: Empirical validation of gut feeling, multiple stakeholder perspectives, collaborative framework for evolving business needs.
Predicting Workforce Needs: The Power of Data and AI Insights
Workforce management strategies depend on predicting workforce needs; powerful insights from data and AI have made such predictions an exact science. HR leaders who previously relied on gut feeling alone can now rely on AI-driven data forecasts and save big on reactive hiring costs.
The main factor in getting predictions right is the quality of data. While external trends will no doubt inform the AI model, workforce analytics involves the interpretation of various internal data streams. Actionable insights from skills inventories, performance metrics, career progression paths, project timelines, attrition patterns, and scheduled retirements will help a proactive CHRO address potential disruptions, facilitate succession planning, and ensure a steady stream from a talent pipeline to fill critical roles.
Skills, Adjacencies and Learnability: New Frontier in Recruitment
In a people-first workplace, the most empathetic workforce management strategy is encouraging internal mobility through skills adjacencies—the ability of an employee to transition into a new role with minimal training.
Recognizing skills adjacencies empowers employee growth, supports personal development, encourages knowledge sharing, and allows role transitions without stress.
Why Learnability is Critical for Future-Proofing Your Workforce
As technology grows by leaps and bounds, skills become obsolete quickly. Learnability – the desire and capability of an employee to acquire a new skill set and grow – is therefore a criterion for employability. HR managers choose to prepare for future contingencies by prioritizing learning agility over other skills for many roles. This marks a significant HR transformation with talent intelligence. Learnability guarantees employees who:
- Adapt faster to new technologies.
- Demonstrate better problem-solving abilities.
- Show willingness to take on new challenges
- Record a higher performance in unfamiliar circumstances
The CHRO has realized that AI-backed talent intelligence platforms with the L&D feature HELP IDENTIFY POTENTIAL BEYOND TRADITIONAL SKILL SETS. Little wonder, then, that leveraging skills, adjacencies, and learnability is the latest trend in workforce management strategies.
Integrating HR and Workforce Management Strategies with AI
CHROs are convinced that AI-driven talent intelligence is essential for business growth and should make haste. Identify the pain points in your organization’s current HR practices; chart out metrics for success; make data projections, and secure C-suite support. Take an incremental approach, invest in change management, and start your journey from transactional to strategic HR today.
Ready to transform your HR strategy with AI-powered talent intelligence? Learn how our cutting-edge talent intelligence platform can revolutionize your recruitment and workforce management.
About Us
ValueMatrix helps organizations build culturally cohesive teams with AI-powered recruitment and retention strategies. We educate corporate leaders on the need to involve and encourage all workforce generations to adapt to enterprise values and participate actively in pursuing excellence.
Our AI-powered talent intelligence platform transforms human resources into a strategic force within an organization. It is trained to track psycholinguistic and behavioral patterns in candidates to check for cultural matches.
