Eightfold AI

Overview

Eightfold AI is an advanced platform focused on improving talent management for businesses through AI-powered solutions. Here's a deeper dive into its offerings and key features:

1. Talent Intelligence Platform

Eightfold's platform integrates AI to help businesses better understand their workforce, make data-driven decisions, and improve the talent acquisition process. It analyzes internal and external data to match candidates to the most suitable jobs based on their skills, experiences, and potential, rather than relying on traditional methods like keyword matching.

2. Key Features

• AI-Powered Recruitment: The platform identifies the best candidates for roles by analyzing their skills, potential, and experiences, even when those candidates don’t have the exact background traditionally associated with the job.


• Diversity & Inclusion: Eightfold's algorithms are designed to mitigate biases in hiring by focusing on a candidate's skills and potential, rather than characteristics like gender, race, or ethnicity.


• Internal Mobility: It also enables companies to identify growth opportunities for their current employees. This helps businesses retain top talent by providing a clear path for career development and movement within the organization.


• Predictive Analytics: Eightfold's platform uses data to predict how candidates will perform in different roles, allowing companies to make smarter hiring decisions that reduce turnover and boost overall team performance.

3. Skills-Based Hiring

Instead of focusing on resumes and job titles, Eightfold uses skills-based matching, which is especially valuable for discovering candidates who may have the right talents but come from different industries or job backgrounds. This is particularly useful in rapidly changing sectors like tech, where employees can be successful in roles that didn't even exist a few years ago.

4. Talent Rediscovery

Eightfold helps companies "rediscover" talent from their existing pools of candidates. This means you can find previously overlooked applicants who are well-suited for open positions, cutting down on the time and cost of recruiting new candidates.

5. Career Pathways for Employees

The platform also helps employees understand their potential career progression within the organization. This helps companies improve employee retention by offering clear developmental pathways, upskilling opportunities, and the ability to move into different roles as they grow within the company.

6. Continuous Learning and Adaptation

The AI continually learns and improves based on the outcomes of past hiring decisions, which means it gets better at making predictions and recommendations over time. It adapts to your company’s specific needs and culture, providing tailored insights.

7. Global Reach

Eightfold supports multilingual capabilities and is used by companies around the world, enabling businesses to scale their talent management operations internationally. This allows for the recruitment of talent across different regions and languages, making it suitable for diverse, global teams.

8. Integration with Other Tools

Eightfold can integrate with existing Applicant Tracking Systems (ATS) and HR software, which allows businesses to streamline their recruitment process without having to completely overhaul their systems.

9. Industry Applications

• Enterprise and Global Companies: Eightfold AI is particularly useful for large, multinational corporations that need a powerful, scalable platform to manage their talent pool.


• Talent Acquisition Teams: Recruiters benefit from automated candidate sourcing, screening, and matching, saving them significant time and effort in filling roles with the best candidates.


• Human Resource Departments: HR professionals use Eightfold’s insights to make informed decisions about employee development, retention, and future talent needs.

10. Security and Compliance

The platform is built to comply with data privacy and security standards, making sure that sensitive personal data (like resumes and job history) is protected in accordance with regulations like GDPR.

Main Use

Eightfold AI is highly focused on transforming the way businesses approach talent acquisition, internal mobility, and workforce planning. Its emphasis on AI-driven insights, bias reduction, and skills-based matching offers a more dynamic, forward-thinking solution to talent management than traditional approaches.

Example Companies Using Eightfold AI:

• Bristol Myers Squibb
• JetBlue
• Citi
• The Home Depot
• Intel

Eightfold AI offers a broad range of applications designed to optimize talent management for businesses. Its AI-powered platform is mainly used for the following key functions:

1. Talent Acquisition (Recruitment)

• Skills-Based Matching: Eightfold AI focuses on matching candidates to roles based on their skills and potential, rather than relying solely on resumes, job titles, or keywords. This allows companies to find the best talent, even if their previous roles don't exactly match the job description.
• Talent Sourcing: It automates the sourcing process by scanning both internal and external databases to find potential candidates, reducing the time spent on manual sourcing.
• Bias Reduction: By using AI to focus on candidate skills and potential, Eightfold helps to minimize unconscious bias in hiring, leading to more diverse and inclusive hiring practices.
• Candidate Experience: The platform streamlines the application and interview process, creating a smoother experience for candidates, which can help companies attract top talent.

2. Internal Mobility

• Employee Growth and Development: Eightfold AI helps businesses identify employees’ current skills and recommend potential career paths within the organization. This supports internal mobility and reduces the need for external hiring.
• Role Matching: The platform suggests new roles or growth opportunities for existing employees based on their skills, career aspirations, and performance, increasing employee retention and engagement.

3. Predictive Talent Analytics

• Workforce Planning: Eightfold’s AI can predict future talent needs by analyzing current trends, employee turnover, and market conditions. It helps businesses plan for future hiring needs, ensuring they have the right talent when it’s needed.
• Employee Retention: By analyzing patterns such as engagement, performance, and tenure, Eightfold can predict when an employee might be at risk of leaving and recommend actions to retain them.

4. Diversity & Inclusion

• Fairer Hiring Practices: Eightfold’s focus on skills rather than traditional criteria like education or previous job titles helps to reduce unconscious bias in hiring decisions. It supports organizations in creating more diverse and inclusive teams by widening the talent pool.
• Tracking Diversity Metrics: The platform provides tools to track and measure diversity within an organization, helping companies meet their diversity and inclusion goals.

5. Talent Rediscovery

• Mining Past Applicants: Eightfold allows companies to tap into their historical pool of applicants by identifying previously overlooked candidates who may now be a better fit for current job openings.
• Automated Candidate Matching: The platform re-engages past candidates by recommending them for new roles based on their skills and the company’s evolving needs.

6. Upskilling and Reskilling

• Skills Development: Eightfold helps employees discover skills gaps and offers personalized recommendations for upskilling or reskilling to better align with current or future job opportunities.
• Career Pathing: Employees are provided with tailored career paths and the skills they need to advance within the company, which helps improve retention by offering clear growth opportunities.

7. Employee Performance and Engagement

• Performance Analytics: Eightfold uses data to analyze employee performance and make predictions about how well they will perform in future roles or projects. This helps managers make better decisions about promotions or role assignments.
• Engagement Insights: The platform can track employee engagement and satisfaction, providing insights into how to keep teams motivated and reduce turnover.

8. Onboarding

• Personalized Onboarding: Eightfold can streamline the onboarding process by automatically matching new hires with the resources and training programs they need, based on their skills and the roles they’ll be stepping into.

9. Strategic Talent Insights

• Market Intelligence: Eightfold can provide insights into industry trends, salary benchmarks, and talent availability, helping organizations make more informed decisions about where to source talent or expand their teams.
• Competitive Benchmarking: It helps companies stay competitive by analyzing the talent landscape and providing insights into what other companies are doing in terms of talent strategy.

10. Global Talent Strategy

• Multilingual Capabilities: Eightfold can handle recruitment, talent management, and workforce planning on a global scale, supporting multiple languages and regions. This is particularly helpful for multinational companies.
• Cultural Fit Analysis: The platform helps ensure that candidates align not only with the required skills but also with the company’s values and culture, which is crucial for global teams.

11. Cost Optimization

• Efficiency in Hiring: By automating large portions of the recruiting process, from sourcing to screening, Eightfold helps companies reduce time-to-hire and associated recruitment costs.
• Better Role Fit: Improved matching between candidates and roles leads to longer retention and better performance, helping to reduce turnover-related costs.

12. AI-Driven Job Description Optimization

• Job Description Creation: The platform helps companies write better job descriptions by analyzing top-performing employees and suggesting language that attracts the most suitable candidates.
• Language Optimization: It ensures job descriptions are inclusive, avoiding biased language that could unintentionally limit the candidate pool.