The people leader at Morgan Stanley says his firm’s time to hire is down 40%. The CHRO at Moderna says her organization has found employees who are a cultural fit—at a company that has added more than 500 people this year. These HR leaders believe talent intelligence technology has enabled their orgs to make data-driven decisions that support their talent strategy.

Talent intelligence platforms are gaining traction as organizations seek to leverage AI and data analytics for effective talent management. By analyzing internal and external data sources, these solutions provide insights for hiring, workforce planning, skills gap analysis, internal mobility and talent retention. With a shrinking labor pool in almost every developing economy, according to industry analyst Josh Bersin, companies depend on every single employee, making these HR practice areas more important than ever.

Key findings on talent intelligence adoption

According to Aptitude Research Partners, companies investing in talent intelligence see double or triple improvements in employee and candidate experience, quality of hire and time-to-fill rates. At HR Tech 2023 in Las Vegas, Xabier Ormazabal from Eightfold and Madeline Laurano from Aptitude Research Partners shared these insights from Aptitude’s research:

• 72% of companies surveyed planned to increase investment in talent intelligence in 2023.
• 95% of companies said skills are more important than job titles for promotions.
• However, only 28% of companies understand what talent intelligence is.
• Just 27% of companies can identify providers in the space.

Influences on talent intelligence in 2024

HRE attended Eightfold’s Cultivate Talent Summit 2024, held in California in May, where speakers from the private and public sectors shared perspectives on talent intelligence and its influence on HR practices. Alongside the event, Eightfold announced the release of Eightfold Talent Tracking, its AI-native talent acquisition product. Based on the session topics and guest speaking points at Eightfold Cultivate, here are four emerging highlights of talent intelligence in 2024:

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