Lucrecia Borgonovo, Chief Talent and Organizational Effectiveness Officer at Mastercard, shares her expertise in AI-driven talent management. She discusses how AI-powered marketplaces like 'Unlocked' enhance internal mobility and career development. Lucrecia emphasizes the shift towards skills-first approaches, allowing companies to expand talent opportunities. She also highlights the significance of preparing employees for emerging roles and the role of AI in boosting performance management and employee well-being through personalized strategies.
AI-powered talent marketplaces like 'Unlocked' at Mastercard enhance internal mobility and employee agility by focusing on skills over traditional roles.
A skills-first approach in talent management drives broader talent pools and prepares employees for emerging roles through scalable learning paths.
Organizational culture needs to be reassessed during change to retain talent, ensuring leaders actively model desired values for greater alignment.
Deep dives
Emergence of New Roles in Business
A new role known as a 'growth hacker' has emerged, blending digital marketing, automation, and CRM skills. This shift highlights the evolving landscape of job functions, where traditional titles may become obsolete. Rather than seeking specific job experience, organizations should focus on relevant skills and adjacent competencies to broaden their talent pool. This approach enables businesses to quickly adapt to changing needs and leverage a wider spectrum of talent.
Importance of Personal Development
Prioritizing personal interests, such as picking up new hobbies, can significantly impact both personal and professional growth. Engaging in activities like learning golf can enhance mental clarity, focus, and overall well-being. Investments in self-care and new skills not only improve personal fulfillment but also translate into better productivity and effectiveness at work. Individuals are encouraged to pursue their passions without feeling guilty about prioritizing their needs.
Navigating Leadership and Culture During Change
During times of change, it is crucial for organizations to reassess and reshape their cultures to align with new strategic priorities. Creating a strong culture helps retain talent and act as a differentiator in the competitive job market. Engaging leaders in this cultural transformation fosters ownership and ensures that the desired values and behaviors are actively modeled. The proactive effort to articulate and embed a company's core principles can create a sense of belonging and alignment among employees.
Embracing AI and Skills-Based Approaches
Leveraging AI and developing a skills-based approach are vital for organizations to stay relevant and agile. AI can play a significant role in streamlining processes, such as performance management, by synthesizing feedback from multiple sources. By focusing on building skills within their workforce, companies can better respond to emerging roles and adapt to market changes. Continuous skill development and integration of AI tools will enhance employee experiences and enable a more dynamic organization.
Driving Innovation Through Talent Marketplaces
Creating a talent marketplace allows organizations to empower employees to take control of their careers and skill development. This platform enables workers to lend their existing skills while also identifying new areas for growth. By fostering an environment where employees can freely explore opportunities within their organization, businesses can enhance agility and retain top talent. Encouraging collaboration across teams through initiatives like Project Possible demonstrates the importance of skills-sharing and adaptability in today's workforce.
In this episode of the HR Leaders Podcast, we welcome Lucrecia Borgonovo, Chief Talent and Organizational Effectiveness Officer at Mastercard, to explore how AI and a skills-first approach are transforming talent management and workforce agility.
Lucrecia discusses how AI-powered talent marketplaces are driving internal mobility, how focusing on skills over roles expands talent opportunities, and the importance of preparing employees for emerging roles. She also emphasizes the role of AI in enhancing performance management and supporting employee wellbeing through personalized development strategies.
🎓 In this episode, Lucrecia discusses:
AI's role in performance management and wellbeing support
How focusing on skills helps expand talent pools and drive agility
Preparing for new roles and skills through scalable learning paths
How changing employee expectations shape modern talent strategies
Mastercard’s success with its AI-powered talent marketplace, "Unlocked."