The Josh Bersin Company

Workday Rising, Precision Talent Acquisition, The Future Role of the CHRO

Dec 14, 2024

Explore compelling insights from a recent trip to Europe, focusing on the innovative concept of Precision Talent Acquisition. The discussion highlights the evolving role of CHROs, emphasizing strategic workforce planning over traditional methods. Economic factors are slowing down hiring cycles, but AI is transforming existing roles into 'super workers.' The importance of cultural fit alongside technical skills is underscored, showcasing how talent acquisition should be viewed as a growth function in today's labor market.

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Quick takeaways

The integration of Workday's products emphasizes the need for cohesive solutions in talent management and enhanced recruiting through AI advancements.

The evolving role of CHROs now requires strategic planning that aligns human resources with business goals, focusing on optimizing talent models for growth.

Deep dives

Integration and Innovation in Workday

Workday Rising showcased significant advancements in integrating diverse products and features into a cohesive system. The acquisition of Hired Score enhances Workday's offerings with AI applications that are essential for modern recruiting needs. Despite challenges faced by the system, key team members demonstrate a clear vision for the future, emphasizing a structured approach to talent management and human capital solutions. Additionally, competitors like SAP have made notable strides by incorporating AI into employee-driven career planning, suggesting a competitive landscape focused on innovation.

Insights into Talent Acquisition, AI Integration, and Strategic HR Alignment

23min

In this conversation I share insights from my recent trip to Europe, focusing on the Workday Rising event, the current state of talent acquisition, and the evolving role of CHROs in strategic workforce planning.

I discuss the importance of systemic talent acquisition, the emergence of “Precision Talent Acquisition” and the entire redefinition of this function. And I also explain why the term “Hiring Manager” is such a terrible concept.

Finally I share my amazing conversation with one of the most high-powered, inspiring CHROs I’ve ever met.

Takeaways

Workday is integrating its products into a cohesive solution.
The hiring cycle is slowing down due to economic factors.
AI is increasing the value of existing workers, creating ‘super workers’
Talent acquisition should be viewed as a growth function.
Precision in hiring is essential in a tight labor market.
Cultural fit is as important as technical skills in hiring.
Strategic workforce planning should align with business goals.
The role of CHRO is evolving to include strategic planning, not “workforce planning” alone.

Additional Information

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