What criteria should you consider when choosing a Talent Marketplace?

When choosing a Talent Marketplace, what key differences should you consider? Here’s our expert advice!

To start, here are some essential definitions to understand two of the main concepts in this Talent Marketplace comparison.

What is an Internal Talent Marketplace (ITM)?

An Internal Talent Marketplace (ITM) serves as the backbone of your Human Capital Management (HCM) tools. It’s the simplest way to create a project economy, or “gig economy,” within your organization. Leveraging algorithms, predictive analytics, and user feedback, this platform suggests mission opportunities, roles, or projects to employees based on their skills and interests.

What is Skills Intelligence?

Skills Intelligence involves mapping, identifying, and managing real-time skills data for both the organization and its employees. It’s about utilizing all available data, whether static or dynamic (e.g., annual reviews, training sessions, community and project activities, feedback), from any platform (HCM, LMS, enterprise social networks, project management tools, etc.). This powerful data analysis feeds directly into your Strategic Workforce Planning program.

To Conclude: Is 365Talents the Right Fit for You?

Let’s find out. 365Talents is designed for you if you:

• Prioritize continuous improvement of the employee experience,
• Aim to better identify, locate, and allocate skills,
• Seek Strategic Workforce Planning features, including AI-powered Skills Intelligence, in any language,
• Want to maximize your existing HCM tools with minimal incremental costs,
• Prefer not to waste time implementing complex skills frameworks and workflows.

However, 365Talents may not be the right choice if you are looking to:

• Replace your HCM suite entirely,
• Find a tool for payroll or other administrative tasks,
• Use a short-term, one-time internal mobility solution,
• Access thousands of features (even if you won’t use most of them),
• Settle for a temporary tool for today’s HR workflows without investing in the Future of Work.
  

We hope this information has provided the clarity you need to make an informed choice. And because we know the value an Internal Talent Marketplace adds, we invite you to contact us for a demo and see it in action!