What You Need to Know Small and mid-sized businesses (SMBs) tend to have different needs and requirements than large businesses — as well as different challenges. With typically under 1,000 employees and sometimes no more than a few dozen, constraints on both staff time and budgets in smaller organizations can create barriers to competing against larger enterprises for acquiring and retaining top talent. To help SMBs compete for the best, their system for human capital management (HCM) must harness the ability to deliver efficiencies, provide data-driven results and equip the teams using them to create the best possible employee experience. In this vein, 3Sixty Insights has examined delivering solutions for some of the biggest challenges that HR people face today and expect in the future. […]
Continue readingAnalyst Insight: How Artificial Intelligence Bridges Talent Acquisition and Talent Management to Improve Recruitment and Retention
This Analyst Insight explains why self-evolving skills ontologies built the right way with artificial intelligence are fundamental to organizational success. They enable employers to find and keep the right people by aligning skills data across talent management and talent acquisition. Threading through the employee experience, Responsible AI must be the guiding ethos. Bridging and Aligning Talent Acquisition and Talent Management with AI Gartner’s Top Five HR Trends and Priorities for 2022 survey reveals HR concerns that more and new skills are needed, rising turnover is increasing competition for talent, and organizations are facing more pressure to improve diversity, equity and inclusion (DEI) initiatives. In the areas of talent acquisition and talent management, fortunately, AI is providing part of the answer. It offers effective ways to […]
Continue readingResearch Agenda: The 3Sixty Insights Human Capital Management Themes for 2023
Every domain of human capital management (HCM), it seems, has been tinged by fresh attitudes and new charters. As we enter a post-pandemic kind of HCM, we see employers big and small pursuing global employee mobility and chasing an ever better, ever expanding experience for their employees. Entire market niches have seen the demand for them continue to grow rapidly. An apt example, the employer of record (EOR) business model facilitates global employee mobility and can be tantamount to protecting the employee experience as organizations quickly expand globally. Meanwhile, HR’s seat at the table of organizational leadership seems finally within reach as the state of the art of technology for HCM equips HR practitioners (and line managers) with the tools and data they need to […]
Continue readingResearch Agenda: The 3Sixty Insights Talent Management Research Themes for 2023
Since engaging with the HR technology space as a research analyst, I have had many eye-opening conversations with solution providers and human resource leaders alike. These exchanges opened my mind to new ideas and ways of thinking, resulting in an increased enthusiasm for this subject. I want to help our community challenge the status quo and discard practices that are no longer fit for purpose. This revised agenda has evolved through those conversations and hopefully you will see a greater curiosity on challenges and solutions. Advances in technology are revolutionizing the way we work by enabling people to be more efficient, effective and successful in ways that were not possible before (3Sixty Insights Blog – “How can business find the right balance between empathy and […]
Continue readingMarket Alert: retrain.ai Continues to Accrue Private Equity and Earn Industry Accolades for its AI-Driven Talent Intelligence Platform
What Happened At the outset of 2023, retrain.ai has made two announcements: retrain.ai has been named to the top 10 in “GLOBES’ Most Promising Israeli Startups of 2022,” an honor as designated by Israel’s premier venture capital firms. The vendor closed on $14 million in private equity investment from artificial intelligence–focused Radical Ventures, a round bringing retrain.ai’s total funding raised thus far to $34 million. Both developments are significant. They underscore the robustness of retrain.ai’s Talent Intelligence Platform, which became available at scale earlier last year. Background retrain.ai built its Talent Intelligence Platform based on explainable Responsible AI. As such, the vendor provides a white-box solution, meaning retrain.ai knows how its AI reaches specific conclusions and can explain the process in detail. By contrast, many […]
Continue readingSHRM – Managers Can Help Employees Hone Critical Soft Skills
A worker’s gossiping was creating problems among team members. Neither the first-time manager nor the group’s supervisor knew quite how to correct the behavior that was causing distrust among co-workers. April Metcalf, SHRM-SCP, was the company’s HR director at the time. She used role playing with the manager and supervisor to help them learn how to address the situation, prepared them for possible responses from the employee when they met with her, and reviewed how to help prevent a repeat of the behavior. “Role playing with the manager and supervisor helped them show more confidence and be prepared to discuss this [behavior] with the employee,” Metcalf says. “Going further, detailing potential situations with the employee helped her to see the discord that it was causing […]
Continue readingAnatomy of a Decision: Magnox Ltd. Makes the Decision to Migrate HCM and FP&A to the UNIT4 Cloud
What You Need to Know 3Sixty Insights spoke with a customer of Unit4 whose choice to continue their transformation by moving their human capital management (HCM) and financial planning and analysis (FP&A) tools to the cloud helps illustrate several emerging realities. Much of the need for HCM resides beyond HR’s traditional scope. HCM technology is at its best when integrated seamlessly with other domains of the enterprise. It provides deep companywide insights into the organization’s people data. This, in turn, furnishes leadership and line managers alike with the information they need to make real-time, informed decisions on staffing for optimal organizational resilience—e.g., workforce agility, financial control, cashflow management, reduction in staff turnover, right-fit talent for organizational growth, etc. People-centric organizations tend to have forward-thinking leaders […]
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