Beamery’s Embedded Workforce Insights Named Top HR Product Of 2024 By Human Resource Executive
27 August, London: Beamery, the ethical AI-powered platform helping organizations to make better people decisions, has today announced that its Embedded Workforce Insights solution has been named as one of Human Resource Executive’s Top HR Products of the Year 2024.
The annual awards highlight the leading HR tech innovations and solutions most likely to help HR leaders solve their most pressing workforce challenges. This recognition builds on the success of Beamery’s TalentGPT solution, which won the Talent Management category in 2023.
In a changing work landscape, HR needs rich, real-time insights about how best to fill roles – to ensure they can meet organizational objectives.
Beamery’s Embedded Workforce Insights is the first solution to integrate personalized talent, market and skills data into business workflows, including recruitment, workforce planning, and talent management. These combined and contextualized insights help Talent Acquisition and HR teams make faster, higher quality talent decisions, and deliver better business outcomes. They can quickly assess the availability and cost of skilled talent, across markets, and how (and where) to make talent-related investments to best meet their overall goals.
Submissions were evaluated based on their level of innovation in the HR technology space, with a particular emphasis on how these tools are pioneering new approaches and delivering tangible results.
Beamery Embedded Workforce Insights solution leverages a customized skills data foundation, tailored to a business’s specific needs, combined with a 360-degree view of jobs, people, and the labor market, all in one place.
Beamery has set a new standard in the delivery of real-time, actionable talent intelligence. Notably, its closed feedback loop facilitates two-way communication, signaling necessary adjustments to a company’s job architecture in response to market dynamics, changes to vacancy details, and recruitment trends.
Sultan Saidov, Co-Founder and President of Beamery, said: “We are thrilled to have been awarded ‘Top HR Product of the Year’ by Human Resource Executive for our Embedded Workforce Insights solution, and to be recognised by this award for a second year in a row. This offering empowers HR leaders to positively influence their workforce strategy and enables them to communicate effectively the impact of talent decisions on their business.
“At Beamery, we are committed to bringing about a skills-based transformation of the workforce and ensuring equality of opportunity for all, and we will continue pushing the boundaries of HR technologies to do so.”
Despite 72% of companies increasing their investment in talent intelligence last year (Deloitte, 2023), 27% of organizations still lack confidence in current market solutions (Aptitude Research, 2023).
Beamery has developed a bespoke, always-on solution that unifies total talent supply and demand, built on trusted and controlled foundations. This solution equips high performing teams with the talent intelligence they need to elevate and enhance their daily operations.
Beamery’s award-winning solution ensures that HR teams are empowered with:
- Personalized insights that combine information from their Job Architecture, Talent CRM and the external labor market.
- Accurate insights about the cost and time to fill a particular vacancy, as is being designed.
- A clear view of emerging (and declining) skills, and how difficult it would be to source them in each market.
- A feedback loop that ensures the job architecture is up to date, as vacancies are tweaked to reflect the wider market.
- AI that gets smarter over time, helping recruiters to prioritize “warm” leads.
- Insights around how changes to the talent plan will impact on talent availability and affordability.
Steve Boese, Co-Chair of the HR Technology Conference & Technology Editor for Human Resource Executive Magazine, commented: “While many organizations are trying to adopt more skills-based approaches to hiring and talent management, many of their existing HR technologies were architected to support more traditional job and role designs and formal organization structures.
“Beamery has delivered a new set of capabilities to allow organizations to understand their current supply of skills, leverage labor market intelligence to gain insights into skills availability and prevalence, and to understand missing skillsets to inform their workforce and hiring plans. These kinds of innovative HR technologies will be essential for any organization wishing to make skills the center of their talent strategies in 2024 and beyond.”