Eightfold AI Reviews: A Comprehensive Guide to the Talent Intelligence Platform
Are you looking for a solution to help you retain top performers, upskill and reskill your workforce, recruit talent efficiently, and reach diversity goals? If so, you might have heard of Eightfold AI, a market-leading Talent Intelligence Platform that uses deep learning artificial intelligence to transform your talent into a competitive advantage. But how does it work, and what are the benefits and drawbacks of using it? In this Review article, we will provide you with a comprehensive guide to Eightfold AI, based on the latest reviews, ratings, and features from various sources. We will also compare it with some of the alternatives in the market, and give you some tips on how to get the most out of it.
What is Eightfold AI?
Eightfold AI is a cloud-based platform that leverages artificial intelligence and data science to help organizations optimize their talent management processes. It aims to help you:
- Attract and hire the best candidates for your roles, based on their skills, potential, and fit.
- Retain and engage your existing employees, by providing them with personalized career paths, learning opportunities, and feedback.
- Upskill and reskill your workforce, by identifying skill gaps and recommending relevant courses and projects.
- Reach diversity goals, by eliminating bias and ensuring fair and inclusive hiring and promotion practices.
Eightfold AI claims to have the world’s largest talent network, with over 1.5 billion profiles from more than 155 countries and 24 languages. It also integrates with various HR systems, such as applicant tracking systems (ATS), learning management systems (LMS), performance management systems (PMS), and more.
How does Eightfold AI work?
Eightfold AI uses a proprietary deep learning algorithm that analyzes millions of data points from various sources, such as resumes, job descriptions, social media profiles, online courses, company websites, and more. It then creates a comprehensive skills profile for each individual, based on their current skills, past experiences, education, interests, and aspirations. It also assigns a score for each skill, based on its relevance, recency, proficiency, and demand.
Using these skills profiles, Eightfold AI can then match individuals with the best opportunities within or outside your organization. It can also suggest ways to improve their skills or acquire new ones. For example, it can recommend:
- The best candidates for your open roles, based on their skills fit, potential fit, culture fit, and diversity fit.
- The best roles for your existing employees, based on their career goals, preferences, and readiness.
- The best learning resources for your employees or candidates, based on their skill gaps or interests.
- The best mentors or mentees for your employees or candidates, based on their skills alignment or complementarity.
Eightfold AI also provides you with various insights and analytics to help you measure and improve your talent outcomes. For example, it can help you:
- Track the performance and engagement of your employees or candidates over time.
- Identify the key drivers of retention or attrition in your organization.
- Benchmark your talent metrics against industry standards or competitors.
- Optimize your talent strategy and budget based on predictive modeling.
What are the pros and cons of Eightfold AI?
- It uses advanced artificial intelligence to provide accurate and personalized talent recommendations.
- It helps you save time and money by automating and streamlining your talent processes.
- It helps you improve your talent quality and diversity by finding hidden gems and reducing bias.
- It helps you enhance your talent experience and satisfaction by providing relevant feedback and opportunities.
- It helps you align your talent strategy with your business goals by providing actionable insights and analytics.
- It can be expensive for small or medium-sized businesses that have limited budget or resources.
- It can be complex or confusing to use for some users who are not familiar with artificial intelligence or data science.
- It can be challenging to integrate with some of the existing HR systems that are not compatible or updated.
- It can be dependent on the quality and availability of data from various sources that may not be accurate or complete.
How does Eightfold AI compare with other alternatives?
There are many other solutions in the market that offer similar or different features for talent management. Here are some of the alternatives that you can consider:
- Avature: Avature is a cloud-based platform that helps you manage your end-to-end talent lifecycle. It offers solutions for recruiting, onboarding, performance management, learning management, career development, succession planning, employee engagement, and more. It also provides analytics and reporting tools to help you measure and optimize your talent outcomes. Avature is more focused on providing a flexible and customizable platform that can adapt to your specific needs and workflows. It also offers more integrations with various HR systems and platforms. However, Avature does not use artificial intelligence to provide talent recommendations or insights. It also does not have a built-in talent network or skills database that can help you find or attract talent.
- Cornerstone: Cornerstone is a cloud-based platform that helps you develop, manage, and engage your talent. It offers solutions for recruiting, onboarding, learning management, performance management, career development, succession planning, employee engagement, and more. It also provides analytics and reporting tools to help you measure and optimize your talent outcomes. Cornerstone is more focused on providing a comprehensive and integrated platform that can cover all aspects of your talent management. It also offers some artificial intelligence features, such as skills matching, learning recommendations, and career coaching. However, Cornerstone does not have a dedicated solution for talent intelligence or diversity. It also does not have a built-in talent network or skills database that can help you find or attract talent.
- Workday: Workday is a cloud-based platform that helps you manage your finance, human resources, and planning. It offers solutions for recruiting, onboarding, learning management, performance management, career development, succession planning, compensation management, benefits management, payroll management, and more. It also provides analytics and reporting tools to help you measure and optimize your business outcomes. Workday is more focused on providing a unified and seamless platform that can connect all aspects of your business. It also offers some artificial intelligence features, such as skills inference, learning recommendations, and career guidance. However, Workday does not have a dedicated solution for talent intelligence or diversity. It also does not have a built-in talent network or skills database that can help you find or attract talent.
How to get the most out of Eightfold AI?
If you decide to use Eightfold AI for your talent management needs, here are some tips on how to get the most out of it:
- Define your talent goals and strategy: Before you start using Eightfold AI, you should have a clear idea of what you want to achieve with your talent management. For example, do you want to improve your retention rate, increase your diversity ratio, or accelerate your skill development? You should also have a clear strategy on how to achieve these goals, such as what actions to take, what metrics to track, and what resources to allocate.
- Provide quality and updated data: Eightfold AI relies on data from various sources to create skills profiles and provide talent recommendations. Therefore, you should ensure that the data you provide is accurate, complete, and updated. For example, you should regularly update your job descriptions, employee profiles, candidate profiles, and feedback surveys to reflect the current skills, experiences, interests, and aspirations of your talent. You should also integrate Eightfold AI with your existing HR systems, such as ATS, LMS, PMS, and more to ensure data consistency and synchronization.
- Review and validate the recommendations: Eightfold AI uses artificial intelligence to provide talent recommendations based on various factors, such as skills fit, potential fit, culture fit, and diversity fit. However, these recommendations are not final or definitive. You should always review and validate them before taking any action. For example, you should check the skills scores, the resume details, the feedback comments, and the diversity indicators of the candidates or employees before hiring or promoting them. You should also consider other factors, such as personality fit, team fit, and business fit that may not be captured by Eightfold AI.
- Experiment and iterate: Eightfold AI is a dynamic and evolving platform that learns from your data and feedback over time. Therefore, you should experiment and iterate with different settings and features to find the best results for your needs. For example, you can adjust the weights of the different factors that influence the recommendations, such as skills fit, potential fit, culture fit, and diversity fit. You can also try different scenarios and simulations to see how they affect your talent outcomes, such as hiring from different sources, promoting from different pools, or reskilling from different courses.
Eightfold AI is a powerful and innovative platform that uses artificial intelligence to help you optimize your talent management processes. It can help you attract and hire the best candidates for your roles, retain and engage your existing employees, upskill and reskill your workforce, and reach diversity goals. It can also provide you with various insights and analytics to help you measure and improve your talent outcomes.
However, Eightfold AI is not a perfect or complete solution for all your talent needs. It has some limitations and challenges that you should be aware of before using it. It can also require some time and effort to set up and use effectively.
Therefore, you should carefully evaluate your needs and goals before choosing Eightfold AI or any other alternative in the market. You should also follow some best practices to get the most out of it.