Ashish passi


<p>The beliefs and structures of human and technical capabilities stand challenged today. New perspectives need to work and make sense. For employees to truly thrive, fundamental workforce practices – planning, deployment, management and development – need to be re-imagined.  </p>



<h5 class="wp-block-heading" id="h-is-it-easier-to-find-a-new-job-inside-your-organization-or-outside"><a href="#is-it-easier-to-find-a-new-job-inside-your-organization-or-outside" aria-hidden="true" class="aal_anchor" id="is-it-easier-to-find-a-new-job-inside-your-organization-or-outside"></a><strong>Is it easier to find a new job inside your organization or outside? </strong></h5>



<p>This question has triggered a keen focus. On the need to pay more attention to employee experience including career fulfillment.  </p>



<p>An opportunity marketplace plays a strategic role in achieving those objectives. </p>



<h5 class="wp-block-heading" id="h-what-is-an-opportunity-marketplace"><a href="#what-is-an-opportunity-marketplace" aria-hidden="true" class="aal_anchor" id="what-is-an-opportunity-marketplace"></a>What is an opportunity marketplace? </h5>



<p>An opportunity marketplace is a platform that helps create synergies between internal talent and opportunities. </p>



<h5 class="wp-block-heading" id="h-ethos-of-an-opportunity-marketplace"><a href="#ethos-of-an-opportunity-marketplace" aria-hidden="true" class="aal_anchor" id="ethos-of-an-opportunity-marketplace"></a><strong>Ethos of an opportunity marketplace </strong></h5>



<ul class="wp-block-list"><li>Make it easier to find a job internally than externally </li><li>Influence the 50%+ of all employees who are prepared to leave their current organization for a severance package </li></ul>



<p><em>LinkedIn’s 2019 Workforce Learning Report suggests 94% of employees would stay at a company longer if they invested in their careers</em></p>



<h5 class="wp-block-heading" id="h-3-differences-between-a-talent-marketplace-and-an-opportunity-marketplace"><a href="#3-differences-between-a-talent-marketplace-and-an-opportunity-marketplace" aria-hidden="true" class="aal_anchor" id="3-differences-between-a-talent-marketplace-and-an-opportunity-marketplace"></a>3 differences between a talent marketplace and an opportunity marketplace </h5>



<ol class="wp-block-list"><li>Talent marketplace is based on the principle of work for money </li></ol>



<ul class="wp-block-list"><li>Opportunity marketplace is based on the principle of work for opportunity </li></ul>



<ol class="wp-block-list" start="2"><li>People approach a talent marketplace for a job </li></ol>



<ul class="wp-block-list"><li>People approach an opportunity marketplace for an aspiration </li></ul>



<ol class="wp-block-list" start="3"><li>Mindset in a talent marketplace is cost saving  </li></ol>



<ul class="wp-block-list"><li>Mindset in an opportunity marketplace is empowerment </li></ul>



<h5 class="wp-block-heading" id="h-what-problems-does-it-solve"><a href="#what-problems-does-it-solve" aria-hidden="true" class="aal_anchor" id="what-problems-does-it-solve"></a><strong>What problems does it solve?</strong> </h5>



<ul class="wp-block-list"><li>Help find a dream job internally </li><li>Create visibility of internal skills </li><li>Check career stagnation </li><li>Identify talent based on skills and roles instead of titles </li></ul>



<h5 class="wp-block-heading" id="h-key-benefits-of-an-opportunity-marketplace"><a href="#key-benefits-of-an-opportunity-marketplace" aria-hidden="true" class="aal_anchor" id="key-benefits-of-an-opportunity-marketplace"></a><strong>Key benefits of an opportunity marketplace</strong> </h5>



<ul class="wp-block-list"><li>Better career fulfillment </li><li>Better retention rates </li><li>Employer branding </li><li>Continuous learning  </li></ul>



<h5 class="wp-block-heading" id="h-6-drivers-for-an-opportunity-marketplace"><a href="#6-drivers-for-an-opportunity-marketplace" aria-hidden="true" class="aal_anchor" id="6-drivers-for-an-opportunity-marketplace"></a><strong>6 drivers for an opportunity marketplace</strong> </h5>



<ul class="wp-block-list"><li>Break traditional functional silos  </li><li>Bring focus on micro-learning </li><li>Use AI to identify talent for business challenges </li><li>Nurture a fluid workforce </li><li>Employee groups can operate as the gig economy </li><li>Impatience with the traditional speed of learning &amp; development for millennials </li></ul>



<h5 class="wp-block-heading" id="h-how-does-it-work"><a href="#how-does-it-work" aria-hidden="true" class="aal_anchor" id="how-does-it-work"></a><strong>How does it work? </strong> </h5>



<ul class="wp-block-list"><li>Discover opportunity on the platform </li><li>HR plays the facilitator </li><li>Formalized by managers </li><li>Identify success measures  </li><li>Achieve </li></ul>



<h5 class="wp-block-heading" id="h-top-10-global-companies-to-adopt-opportunity-marketplace-as-a-strategy"><a href="#top-10-global-companies-to-adopt-opportunity-marketplace-as-a-strategy" aria-hidden="true" class="aal_anchor" id="top-10-global-companies-to-adopt-opportunity-marketplace-as-a-strategy"></a>Top 10 global companies to adopt opportunity marketplace as a strategy </h5>



<p></p>



<h5 class="wp-block-heading" id="h-how-did-we-evaluate-these-companies"><a href="#how-did-we-evaluate-these-companies" aria-hidden="true" class="aal_anchor" id="how-did-we-evaluate-these-companies"></a><strong>How did we evaluate these companies?</strong> </h5>



<ul class="wp-block-list"><li>The efficacy of their identified people challenges </li><li>Leveraging technology to enhance careers  </li><li>Tangible outcomes </li></ul>



<h5 class="wp-block-heading" id="h-some-outcomes-for-the-top-10-companies"><a href="#some-outcomes-for-the-top-10-companies" aria-hidden="true" class="aal_anchor" id="some-outcomes-for-the-top-10-companies"></a><strong>Some outcomes for the top 10 companies</strong> </h5>



<ul class="wp-block-list"><li>Schneider Electric &#8211; Unlocked +17,000 new productive hours </li><li>HERE Technologies &#8211; Saw 2X growth in gender parity </li><li>Dolby &#8211; Witnessed a 67% employee adoption </li><li>Vanguard &#8211; Identified 4,582 talent indications of what people wanted to learn in 2019 </li><li>AllianzGI &#8211; 3,200+ employees registered on the platform </li><li>Ingersoll Rand &#8211; 67% employees use the My Career Navigator tools to manage their own growth </li><li>Caisse des Dépôts Group &#8211; Discovered 800 new internal skills </li><li>L’oreal &#8211; 75% open positions filled internally </li><li>LoyaltyOne &#8211; 62% adoption  </li><li>Unilever &#8211; 8,300 people redeployed to high demand areas </li></ul>


The beliefs and structures of human and technical capabilities stand challenged today. New perspectives need to work and make sense. For&nbsp;employees&nbsp;to&nbsp;truly&nbsp;thrive,&nbsp;fundamental workforce practices – planning, deployment,&nbsp;management&nbsp;and development – need to...