UKG Launches AI-powered Talent Marketplace Solution to Optimize Skills Development and Close Critical Labor Gaps

Talent managemente-Learning, Training and DevelopmentHR

By Business Wire On Nov 13, 2024

Organizations can fill critical labor gaps by modernizing skills development and unlocking career opportunities for roles across the workforce
Creating gig-like experiences will create new opportunities for both frontline employees and knowledge workers, while providing people and organizations with more flexibility

UKG, a leading provider of HR, payroll, workforce management, and culture solutions, announced the launch of the UKG Pro Talent Marketplace solution, an AI-powered talent management application designed to fill critical labor gaps for the business while opening doors to new career opportunities for frontline employees and knowledge workers alike.

“This labor market is incredibly dynamic and constantly changing, as we’ve seen over the last several years, with the preferences of both frontline employees and knowledge workers continuing to rapidly evolve”

UKG Pro Talent Marketplace will help organizations build a pool of talented workers on two fronts:

Identify and grow versatile talent within their own organization: In early 2025, the internal talent marketplace will allow people across a broad array of roles and job types, including hourly and salaried positions, to create talent profiles, map their career interests, and identify the skills they need today to prepare for the roles they seek tomorrow. Personalized development experiences, based on a combination of employee strengths, work experiences, and aspirations, will help foster a culture of continuous learning and career pathing while creating a stronger internal pool of qualified candidates to fill future labor needs.

Tap into the flexibility of an external gig workforce: Targeting fall 2025, UKG Pro Talent Marketplace will expand to help organizations draw from a qualified pool of external talent that can be leveraged to fill labor gaps when necessary. The UKG Talent Connect talent platform will link external candidates with employers to provide a gig-like experience for people who enjoy the flexibility of choosing when and where they work — and even the types of jobs they do — while deepening the labor pool an organization can tap into to ensure appropriate staffing.

“In today’s fast-moving world, business agility is more important than ever, yet many organizations still struggle to create meaningful growth and development opportunities for their frontline workforces,” said Stacia Garr, Cofounder, RedThread Research. “The UKG Pro Talent Marketplace solution is designed to provide frontline employees across various industries with clarity on their current skills and experiences and to map a pathway to help them identify and achieve the promotions and new opportunities they’ll seek in the future.”

A hallmark of every great place to work is the opportunity for employees to learn new skills, develop new talents, and advance in their careers. A recent UKG study of frontline employees and leaders around the world found that 68% of frontline employees are interested in learning new skills, 58% believe continuous learning is important for their personal and/or professional growth, and 73% don’t mind learning new skills on their own time outside of work hours.

“This labor market is incredibly dynamic and constantly changing, as we’ve seen over the last several years, with the preferences of both frontline employees and knowledge workers continuing to rapidly evolve” said Hugo Sarrazin, president, chief product and technology officer at UKG. “The launch of UKG Talent Marketplace will provide all workers with more choice and autonomy over their development, helping to boost retention, engagement, and effort, while creating new gig-like pathways for organizations to fill their labor needs. It’s a win-win that will modernize how organizations manage and grow talent.”

The UKG Talent Marketplace deepens UKG’s portfolio of innovations that are transforming how organizations manage culture, productivity, and data, including the UKG Great Place to Work Hub solution, which guides managers with proactive recommendations based on three decades of proprietary benchmarks; the UKG Talk^® communications platform for frontline employees; the UKG Pro Strategic Workforce Planning tool to better predict and plan staffing needs long-term; and the UKG Pro Benefits Hub offering, which provides an entirely new and simplified benefits enrollment experience.

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