PRO Unlimited and Eightfold AI Announce Exclusive Partnership to Bring AI and Diversity & Inclusion to Modern Workforce Management
POSTED BY PRO UNLIMITED | JANUARY 26TH, 2021
We’re excited to announce a new partnership with Eightfold AI, a talent intelligence pioneer and leader. Under the terms of the partnership, we’ll embed Eightfold’s AI technology into our contingent workforce management platform, including SaaS solutions such as Wand Vendor Management System (VMS), Direct Sourcing, and Diversity and Inclusion (D&I) offerings, to optimize our customers’ contingent hiring practices.
Eightfold’s AI-driven talent intelligence, coupled with our 30 years of data and technology, will further increase the power of our contingent workforce management platform. It will enable the Global 2000 to more effectively and intelligently identify, engage and secure the best contingent talent in the world, while attaining diversity goals.
As the economy rebounds, organizations will be hiring contingent workers ahead of the recovery while prioritizing areas within hiring, such as retention and D&I initiatives. However, many organizations lack the ability to harness machine-based learning, data and intelligence to not only source the best candidates, but also to drive their businesses forward. Eightfold AI’s talent intelligence and our contingent workforce management platform, including the world’s largest global market rate data repository, aim to solve this problem, which is one of the biggest pain points for companies today.
We’ll embed Eightfold’s AI technology into our software to provide clients with features that enable more informed hiring, diversity and redeployment of workers anywhere in the world. This real-time matching and ranking of candidates drives faster, smarter hiring decisions at scale. This helps organizations secure the best talent, while reducing costs and increasing D&I.
Managers eager to reduce manual tasks and increase efficiency will be able to more quickly and effectively identify candidates that align with a job’s requirements. Leading-edge job calibration capabilities and intuitive UI design offer these managers an easy, at-a-glance way to compare candidates side-by-side based on unbiased empirical data.
Using Eightfold AI’s technology, we’ll also offer enhanced direct sourcing to our clients. This dramatically improves the experience that contingent specialty-skilled, white-collar workers go through during the hiring process, and will ultimately improve the Global 2000’s contingent worker brands.
Here’s what our CEO Kevin Akeroyd had to say about the partnership:
“Today, the modern workforce is massive, with roughly 43% of all skilled white-collar workers being contingent vs. FTE. Many organizations are aggressively and strategically pushing that number to 50% or 60% while simultaneously shifting to more and more diverse candidates. Within this expanding workforce segment, there is a huge opportunity to harvest the enormous amount of PRO’s data, deploy world-class machine-based learning to that data, and ultimately utilize it to make the process, quality, intelligence and cost of this massive modern workforce far superior than it is today. We are excited to partner with a company that uses industry-leading AI technology to truly understand a candidate’s skill set or D&I attributes while generating recommendations to help inform hiring decisions. This is truly a game changer for our space. It will transform how our customers, which include some of the largest brands globally, source, develop and redeploy their workforces while lowering costs. Partnering exclusively in the contingent industry with this innovative talent intelligence company is something we are incredibly excited about.”
Eightfold AI's talent intelligence platform brings together billions of anonymized data points, algorithms and domain expertise to make a reliable, scalable impact for enterprise organizations. The platform combines internal data with publicly available insights to predict future roles as well as identify validated skills, likely skills and missing skills – speeding up the process substantially.
Eightfold’s AI technology uses the career paths of more than 1 billion profiles. This results in 90% less time screening, 80% faster time to interview, 70% more top candidates, 60% lower cost to hire, and due to its gender/anonymous evaluations, 0% bias. This is critical as Eightfold’s demographic-masking capabilities and its unique diversity analytics help block the biases in traditional hiring, understand barriers for candidates and create accountability. With the addition of the Eightfold partnership, PRO will offer an unparalleled suite of diversity offerings for the contingent workforce.
PRO’s embedding of Eightfold AI’s technology will roll out initially in Q1 2021 and iterate rapidly, driving continuous improvement and value creation, and be available for all of ourw clients.
If you’re interested in learning more about how PRO is helping organizations implement winning contingent workforce programs globally, please contact a PRO representative at 800.291.1099 or email at email@example.com.
Disclaimer: The content in this blog post is for informational purposes only and cannot be construed as specific legal advice or as a substitute for legal advice. The blog post reflects the opinion of PRO Unlimited and is not to be construed as legal solutions and positions. Contact an attorney for specific advice and guidance for specific issues or questions.