Battle Of The AI Bots, Rethink Talent Acquisition, Workforce Planning? E175
Aug 1, 2024
auto_awesome
Dive into the fierce competition within the enterprise chatbot realm and what the new partnerships mean for the AI landscape. Discover how talent acquisition is evolving from a quick-fix model to one that emphasizes strategic growth and systemic thinking. Finally, explore the importance of innovative workforce planning in a sticky job market, and learn how to effectively harness alternative talent sources to navigate economic changes.
The battle in the enterprise chatbot space is intensifying, with leading companies striving to create more integrated AI systems for enhanced user engagement.
Talent acquisition is transitioning to a systemic model focused on strategic growth and internal development, rather than just speed and efficiency in hiring.
Deep dives
The Battle in HR Tech and Chatbots
A significant competition is emerging in the HR tech space, particularly focused on chatbots used for engaging with enterprise software. Various leading companies, including Microsoft, ServiceNow, and Workday, are developing sophisticated AI systems designed to enhance user interaction and data accessibility. Workday's recent integration with Salesforce’s Einstein aims to allow users to leverage data seamlessly from both platforms, exemplifying the increasing interconnectivity of various chatbot systems. While these advancements promise improvements in operational efficiency, it remains uncertain how quickly these integrations will be fully realized and whether any single chatbot will dominate the market.
Transforming Talent Acquisition Models
The conversation around talent acquisition is evolving from a 'thin' fulfillment model to a 'thick' systemic approach that emphasizes strategic growth and internal development. The thin model operates like a transaction-focused fulfillment center, prioritizing speed and efficiency in hiring, often at the expense of deeper strategic conversations about workforce needs. In contrast, the thick model sees talent acquisition as a growth function, emphasizing the importance of internal mobility, employee development, and strategic alignment with organizational goals. Companies adopting this thick approach will likely be better positioned to navigate challenges in hiring, especially in a tightening labor market.
Evolving Workforce Planning Practices
Recent trends indicate that companies must enhance their workforce planning strategies to adapt to changing economic conditions and employee behaviors. Many organizations rely on headcount-based planning, which has proven insufficient in addressing current workforce dynamics, including the rise of gig workers and remote employment. A more nuanced, skills-based approach to workforce planning is becoming essential, allowing organizations to consider various talent sources and deployment strategies. As organizations increasingly recognize the value of talent intelligence, heads of talent intelligence are likely to play a crucial role in guiding companies toward more effective workforce planning practices and ultimately driving growth.
1.
Evolving HR Technology and Strategic Talent Acquisition
In this conversation, I discuss three main topics: the battle in the enterprise chatbot space, the transformation of talent acquisition, and the new “sticky” state of the job market.
How to make sense of enterprise AI Copilots? Workday and Salesforce team up, Apple Intelligence is coming, how do you make sense of it all?
In talent acquisition, there is a shift from a thin model focused on speed and efficiency to a thick model focused on growth and strategic decision-making (Systemic Talent Acquisition).
Finally, to address the more “sticky” job market, companies need to improve their workforce planning to navigate the changing economic landscape and leverage alternative sources of talent.