PALO ALTO, Calif.–(BUSINESS WIRE)–August 29, 2022–
SkyHive®, the first company to map and sequence the global labor market in real time for workforce intelligence, strategy and architecture, and the rapid retraining of workers and communities around the world today announced the launch of SkyHive Platform, a competency-based Platform-as-a-Service (PaaS) solution for private and public sector organizations.
By using SkyHive’s real-time labor market intelligence and artificial intelligence to analyze global labor markets at the skill level, employers on the SkyHive platform gain external insights as well as immediate insights into their talents, such as emerging gaps and skills gaps that can be exploited in the future. -protect their workforce, retain talent and understand changing labor market needs.
The SkyHive platform augments existing human capital management (HCM) systems with scalable application programming interfaces (APIs) to integrate with leading HR systems such as Workday, Microsoft, and SAP SuccessFactors, as well as custom applications. In doing so, SkyHive Platform enables enterprises and communities to derive maximum value from their HCM investments while improving the performance and profitability of workforce acquisition, retention and training. Businesses and governments looking for information on the state of critical skills in their workforce, skills gaps, attrition, sourcing, referrals, future talent needs and requalification recommendations can leverage SkyHive to power applications with or without the SkyHive Enterprise software application.
“Skills are the ‘currency’ of talent in the modern era, so it’s natural for leaders to want comprehensive, comparative, real-time visibility into the skill profiles of their workforce,” said Sean Hinton, Founder and CEO of SkyHive. “We built the SkyHive platform and opened up our APIs in response to requests from customers around the world who want to customize applications and modernize their existing HCM platforms with the most in-depth workforce and insights available. the work market.”
Recognized by Forbes and the World Economic Forum for its positive impact on labor economies, SkyHive processes over 20TB of raw data every day, including anonymized worker profiles and job descriptions from over 160 countries. His findings reduced client companies’ time-to-hire by 30% and time-to-source by 90%, while increasing learning and workforce development efficiency by 70% and gender diversity of 10%. SkyHive’s data is fully encrypted and its systems are compliant with GDPR, SOC2 Type II, ISO 27001, Ethical AI and other regulatory frameworks.
According to a July 2022 study by Gartner®, “Skills are a fundamental part of managing the workforce in any industry. Improved and automated skill detection and assessment enables significantly greater organizational agility. In times of uncertainty or when competition is fierce, organizations with better skills data can adapt faster and be more aggressive in acquiring and deploying talent. »
Gartner®, Hype Cycle™ for Human Capital Management Technology, 2022, John Kostoulas, Emi Chiba, July 14, 2022.
GARTNER and HYPE CYCLE are registered trademarks and service marks of Gartner, Inc. and/or its subsidiaries in the United States and internationally and are used herein with permission. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
SkyHive is a Certified B Corporation and software provider of global workforce intelligence technology, optimizing real-time labor market efficiency for businesses, communities and national economies. Leading enterprises use SkyHive’s cloud-based applications and platforms to power the future of work at its most granular level: skills. SkyHive’s Quantum Labor Analysis™ has been recognized by the World Economic Forum and Forbes for its cutting-edge efforts in ethical AI and its positive impact on labor economies around the world. For more information, visit www.skyhive.ai.
SkyHive and Quantum Labor Analysis are registered trademarks of SkyHive. All other trademarks are the property of their respective owners.
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KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
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PUBLISHED: 08/29/2022 08:00 AM / DISK: 08/29/2022 08:02 AM