History Of Talent Marketplace
In today’s world, some employers complain of not being promoted despite their relentless service for the company’s progress. However, the answer lies in the fact that this employer needs more talented workers with different skill sets, which they haven’t seen in them.
This is what gives birth to the talent marketplace and why companies are searching for the best possible talented workers to handle critical projects or assignments.
Talents marketplace is a well-connected, and transparent talent management system that helps employees to pursue their careers. It matches them with the right opportunity and potential roles based on their abilities, skills, career goals, and preferences. It also enables them to learn new skills or improve on the ones they are learning.
A perfect talent marketplace looks at a person’s complete identity, including their abilities and competencies, but also goes beyond that to take into account things like interests, working preferences, and learning styles. Beyond what individuals can accomplish, the market expands knowledge to encompass what people want to do and how they choose to do it.
Features of the Talent Marketplace
1. Keeping a record of diverse talent
The talent marketplace makes use of AI (artificial intelligence) to collate information about workers’ skill sets and job experience. This information is obtained mainly from their social media profiles such as LinkedIn, Twitter, etc, and also from their employment record.
This data is used to match people with an opportunity or jobs that fit their qualifications. The data is stored in the database and updated from time to time upon acquisition of new skills.
2. Predictive analysis
Predictive analysis is often used in the talent marketplace to know when important jobs need to be replaced when there is a case of retirement or promotion. The database can also be used to identify potential industry leader which in turn promote the career development of employees
3. Setting and achieving goals
Other features of the talent marketplace are goal setting and achievement. It can be used to set and track employees’ progress toward the created plans or objectives.
Benefits of the Talent Marketplace
1. It enhances diversity, equity, & inclusion (DEI)
Talent marketplace helps to promote Diversity, equity, & inclusion by ensuring both males and females are given preference based on their skills.
2. It increases employee retention and engagement
Generally speaking, employees look into what the future of work is before deciding to stay or leave. The talent marketplace builds great trust in the worker’s mind thereby increasing retention and engagement.
3. Becoming Agile
Agility is required in the manufacturing industry to boost production. The talent marketplace provides employers with the ability to be agile when locating internal talent for current and future roles and projects.
In conclusion, the talent marketplace provides a pool of talented employees ready to elevate the industry with their skill sets.
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