NEW YORK — Sept. 28, 2021 — Gloat, the industry’s leading Talent Marketplace provider, announced today the expansion of its portfolio to help business leaders optimize workforce talent for business performance. Gloat’s new Organizational Agility offering will provide businesses with one central platform to understand and manage their workforce. Built on the same platform that powers Gloat’s Talent Marketplace, Organizational Agility harnesses the power of the data and insights across the Talent Marketplace platform, and introduces new capabilities to centralize insights for business leaders to inform strategic workforce planning and talent decisions.
On the heels of COVID-19, organizations have made talent their top business priority and 72% of CEOs state that the lack of critical skills in their organization is a key threat to their business growth today. But many organizations are lacking the data and tools to take meaningful action. In order to know what skills are critical to business continuity and growth, which skills already exist in the business and which need to get developed, accessed, or acquired, and how to most efficiently fill skills gaps, businesses need more visibility and much higher levels of data integration and analysis.
Talent and skills information today is siloed and fragmented. Organizations use disparate systems for human capital management, performance management, talent acquisition, learning and development, and talent mobility, each of which uses different terminology and captures different data about employees. Plus, all of this information is separate from any market data they purchase for comparative insights. As a result, businesses lack not only a common language to talk about skills, jobs, and talent but also a way to capitalize on the information they have across systems to make planning, development, and deployment decisions — which is why 64% of CHROs say they need a new data approach to bridge the gap between internal insights and market data to make informed decisions.
To solve this critical problem, Gloat is using its own Workforce Engine — the rich data, insights, and artificial intelligence layer that powers its market-leading Talent Marketplace. The Workforce Engine connects, cleans, and normalizes data, to integrate data from disparate platforms, sources and tools, and create one harmonized data set. It then uses predictive models to match people to opportunities and recommend career trajectories to deliver Talent Agility and Career Agility for many of the world’s leading companies today.
Now, the Gloat Workforce Engine will connect more data sources across organizations, including existing company skills data and market data on both skills and compensation. Once the data is harmonized, the Workforce Engine is now able to layer in additional models to inform job architecture management, job design, and skill management and to provide predictive insights to keep business leaders a step ahead in their planning.
This expansion will serve as the foundation for Gloat’s Organizational Agility offering, which includes:
- Skills Management Console. Create, view, and manage your skills information from any data source, internal or external, in one centralized location.
- Job Architecture Management System. Create and manage your job architecture in real-time and get real-time insights and recommendations to inform organizational, team, and job design.
- Workforce Insights. Keep a pulse on skill, job, and talent trends. Benchmark against market data and view information by department, location and opportunity type to inform your workforce planning.
- Ontology API. Connect any third party or HR analytics platform, harmonize workforce data, and use or export that data to create a consistent user experience and talent journey.
Together, these capabilities will help business leaders understand the skills they need to develop within their organizations, what skills they need to hire for, how much to compensate or invest to acquire critical skills, and what competency looks like for each job and project in their organization.
“Every company in the world is building a skills taxonomy for their workforce,” said Josh Bersin, Global Industry Analyst. “Offerings like Gloat Organizational Agility are becoming essential platforms for this new business-critical infrastructure.”
“Today’s announcement is a critical step forward for Gloat, as we build on the success of the Talent Marketplace to help businesses design the organization of the future,” said Ben Reuveni, Gloat CEO. “We believe organizations can do anything and achieve anything with the right information, and we’re now equipping them with the tools they need to optimize their workforce for business growth by combining workforce and talent data for action. This expansion also reinforces our commitment to democratize career opportunities, as employees will have more accurate insight into their own skill gaps, competency needs, and the opportunities available to help them achieve their goals.”
Founded in 2015, Gloat is redefining the future of work with its mission to democratize career development, unlock skills, and help enterprises build a future-ready workforce. It pioneered the AI-powered Talent Marketplace being used by the world’s leading global enterprises today. The company was founded by Ben Reuveni, Amichai Schreiber and Danny Shteinberg and is based in New York, with offices across the world and a global R&D center in Tel Aviv, Israel.