Why Are So Many Companies Building Talent Marketplaces?
Digital HR Leaders Podcast hosted by David Green EP 56: Ina Gantcheva, Deloitte

Why Are So Many Companies Building Talent Marketplaces?

David Green ???? David Green ????

David Green ????

Co-Author of Excellence in People Analytics | People Analytics leader | Director, Insight222 & myHRfuture.com | Conference speaker | Host, Digital HR Leaders Podcast

发布日期: 2021年2月23日
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A talent marketplace is not only about work and finding projects, it is also about ways of thinking about skills and building those skills

“Talent marketplace solutions…” as Caroline Styr writes in her article: “…give HR practitioners x-ray vision into workforce skills on the one hand and roles, projects and internal opportunities on the other.”

When I talk to CHROs and other senior leaders, improving internal mobility is typically one of the top three priorities I hear back – and that was prior to the pandemic. In the last 12 months, the topic of internal mobility – and talent marketplace – has risen even further in importance.

Over 70% (of companies) said (internal mobility) is important, but only about 30% (have an active program) in place

The new series of the Digital HR Leaders Podcast, which kicks off today, explores the talent marketplace in more depth: what it is, why it’s important and how companies are using it.

My guest this week is Ina Gantcheva, a Principal in Deloitte’s Human Capital Practice, and a leading authority on talent marketplace. In Ina’s words talent marketplace: “has the potential to change the way organizations think about work (by fractionalizing work for increased efficiency), the workforce (by unlocking greater potential and value), and the workplace (by breaking down silos).”

One consumer goods company unlocked almost 20,000 project hours when they started looking into talent marketplace

You can listen by clicking on the image below or by visiting the podcast website here. 

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In our conversation Ina and I discuss:

  • The four P’s of iterative dynamic talent marketplace design: purpose, plan, program, and platform ("...when you sequence each one of them in the right way it helps to address the dimensions and really becomes a roadmap.")
  • The role of HR in supporting the transformation and associated change management ("Start with a pilot of the MVP and have a roadmap...stay very close to (the pilot), almost like a product launch, to fine tune, to get insights, to continue the momentum.")
  • Examples of companies who have implemented a successful talent marketplace and the benefits they are enjoying as a result ("One of the stories that we heard from one of our clients was, a Manager was sharing their experience that they really needed a specific skill-set and when they eventually put the project on the talent marketplace, they were astounded by the talent that existed in the organisation to do that.")
  • Insights about the talent marketplace at Deloitte, which has been in place for three years ("In our case, we were looking for ways to redeploy people faster and to utilise their capabilities.")
  • The opportunities talent marketplace provides to companies ("...collaboration, networking, breaking of silos, better utilisation of talent, increasing productivity.") and how to measure success ("So on the capacity side, you can definitely look at productivity hours, you can look at new projects and you can look at retention.")
  • How talent marketplace supports careers and learning ("The beauty of the talent marketplace is that it gives insight into how good of a match you are to different careers, different roles or different tasks.")
  • How the pandemic has helped reshape the approach to talent marketplace - on redeployment ("one company unlocked almost 20,000 project hours when they started looking into talent marketplace") and accelerating to a post-Covid world ("now organisations and teams are going through the acceleration from where we recover and arrive at a different place.")
  • Whether talent marketplace will mean that jobs won’t exist anymore ("Talent marketplace will allow that fragmentation and also enrichment of work and of jobs together.")

This episode is a must-listen for anyone interested or involved in HR transformation, internal mobility, workforce planning role, people analytics and HR tech so that’s business leaders, CHROs and anyone in a People Analytics, Learning or HR Business Partner role.


LISTEN TO THE PODCAST

To listen to the Podcast and read the transcript of my discussion with Ina, head over to myHRfuture by clicking on this link: Why are so many companies building talent marketplaces?


WATCH THE VIDEOS

As well as the podcast, there will be a couple of videos available on the myHRfuture YouTube channel highlighting two of the topics Ina and I covered in our conversation. In the video below, Ina outlines the benefits of introducing a talent marketplace.


GET INVOLVED

If you enjoyed listening to this week's podcast episode, I'd be grateful if you could take the following steps:

  1. Please subscribe to the Digital HR Leaders podcast and weekly newsletter to make sure you don’t miss an episode.
  2. Please take the time to rate the show on iTunes. We rely on your feedback and support to make the podcast, so this is very helpful!
  3. Who would you like to see me interview in future episodes? Let me know in the comments below.
  4. Lastly, don’t forget to share on social media with your friends and colleagues, your support is always greatly appreciated!


THANK YOU

A huge thank you to Ina for sharing her experience and deep knowledge of talent marketplace with our listeners. You can connect with Ina on LinkedIn. I also recommend reading the article below, which Ina co-authored.

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FIG 1: Source: Activating the internal talent marketplace (Deloitte Insights)

Thanks to Danny Shteinberg, Ruslan Tovbulatov and the team at Gloat for sponsoring Series 12 of the podcast, and also Ian Bailie, Manpreet Randhawa, Caroline Styr and the myHRfuture team for creating the Digital HR Leaders podcast and video series.

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CATCH UP ON THE DIGITAL HR LEADERS PODCAST

If you haven't listened to all of the episodes of the Digital HR Leaders Podcast, you can catch up now by clicking on the links below.

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ABOUT THE AUTHOR

David is a globally respected writer, speaker, conference chair, and executive consultant on people analytics, data-driven HR and the future of work. As an Executive Director at Insight222, he helps global organisations create more cultural and economic value through the wise and ethical use of people data and analytics. Prior to joining Insight222 and taking up a board advisor role at TrustSphere, David was the Global Director of People Analytics Solutions at IBM Watson Talent. As such, David has extensive experience in helping organisations embark upon and accelerate their people analytics journeys. David also hosts the Digital HR Leaders Podcast on myHRfuture.

SEE ME SPEAK AT THESE EVENTS

I’ll be chairing and/or speaking about how to drive business value and employee experience through people analytics as well as the Nine Dimensions for Excellence in People Analytics model at the following upcoming events:

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Meaningful and actionable insights on developing a Talent market place - much needed assest in all organizations.

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