{"id":41531,"date":"2024-07-01T10:00:41","date_gmt":"2024-07-01T08:00:41","guid":{"rendered":"https:\/\/www.sqorus.com\/?p=41531"},"modified":"2024-08-19T15:31:36","modified_gmt":"2024-08-19T13:31:36","slug":"workday-generative-ai-keys-competency-centric-organization","status":"publish","type":"post","link":"https:\/\/www.sqorus.com\/en\/workday-generative-ai-keys-competency-centric-organization\/","title":{"rendered":"Workday and generative AI: the keys to a competency-centric organization"},"content":{"rendered":"

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Today, the traditional organization based on qualifications, experience and job descriptions is showing its limitations. To remain competitive and attractive, companies need to rethink their approach and place skills at the heart of their strategy. But how do you bring about this transformation towards a skills-based organization? What are the challenges and expected benefits? And above all, how can technology accelerate and facilitate this strategic shift?<\/p>\n

In this article, we explore the potential of artificial intelligence, and more specificallygenerative AI, coupled with Workday’s HRIS solutions<\/strong>.<\/p>\n

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For years, work organization has been based on qualifications, experience and job descriptions.<\/p>\n

However, this type of operation no longer seems adapted to the new world of work, where skills become obsolete within 18 months, and the company’s skill requirements evolve faster than expected.<\/p>\n

At the same time, research shows that investment in skills training could increase GDP by $6.5 trillion by 2030.
\nDespite this, only 0.5% of global GDP is currently invested in adult lifelong learning. <\/p>\n

Our analysis is therefore that organizations must transform themselves to capture this value by focusing on skills, to gain agility and adaptability to change. In this article, we offer you our analysis of the subject, and put it into perspective using Workday HRIS functionalities.<\/p>\n

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What is a competency-based organization?<\/h2>\n

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To begin with, it’s essential to define what a competency-based organization is, and to identify the criteria needed to make this transformation a success.<\/p>\n

This essentially involves identifying the skills the company currently has and those it will need in the future, and then anticipating this gap in order to train and retrain its employees.<\/p>\n

This means prioritizing talent retention, offering a continuous, personalized learning experience, promoting internal mobility as a new recruitment method, building flexible project teams, and shifting the role of managers to that of mentor or coach.<\/p>\n

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Workday, AI and skills: before generative AI<\/h2>\n

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To better understand how this transformation can be accelerated with Workday and artificial intelligence, let’s first look back at Workday<\/strong>‘s history with AI<\/strong>.<\/p>\n

Workday integrated AI<\/strong> and Machine Learning<\/strong> in 2014. In the years that followed, Workday increased its investments to offer personalized suggestions and improve the user experience.<\/p>\n

More recently, in 2024, Workday acquired HiredScore, a provider of talent orchestration solutions powered by Responsible AI.<\/p>\n

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These solutions enable companies to better identify, rediscover and coordinate talent and make recruitment teams more efficient, while improving visibility of internal opportunities and offering them to employees according to their skills and preferences.<\/p>\n

We believe this acquisition will have a significant impact on the Workday user experience.<\/p>\n

In particular, we’re going to focus on the “Learning” & “Career Hub” areas, because they are at the heart of the transformation of competency-based organizations.<\/p>\n

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