Korn Ferry Launches AI-Offering to Attract, Retain and Upskill Technology Professionals
Los Angeles, Sept. 20, 2022 – Korn Ferry (NYSE: KFY) today announced it is expanding its digital offering by launching “Talent Experience Solution powered by Intelligence Cloud.” The AI-driven solution offers Chief Technology Officers and Chief Information Officers innovative approaches to developing, upskilling and ultimately retaining key tech talent across all levels of organizations.
The new offering allows technology leaders to benchmark their team, identify skill gaps, carve a path forward for tech talent, and deliver a progressive employee experience where their team and company move forward together.
Leveraging Korn Ferry Tech Career, an application built within Microsoft Teams, Korn Ferry’s Talent Experience Solution uses precise data and predictive insights to enhance the employee experience. It standardizes tech roles mapped to Korn Ferry Success Profiles, opens new career paths for tech talent and enables leaders to drive individuals’ growth in alignment with their company’s goals, instantly seeing skill gaps in their current job architecture and much more.
“An employee’s intent to stay is largely driven by opportunities for meaningful skills development and opportunities to pursue traditional and non-traditional career opportunities,” said Byrne Mulrooney, CEO of Korn Ferry RPO and Digital. “Talent Experience Solution will help leaders benchmark their organizations, identify talent within and help employees identify and hone needed skills with a fully unified experience delivered in the Microsoft Teams workflow.”
Korn Ferry’s new offering addresses a major challenge for CIOs, CHROs, and IT leaders as they find tech talent, evolve their skills, retain existing employees in IT and develop future IT careers.
“Finding, developing and retaining tech talent are critical needs in just about every company across all industries,” Mulrooney added.
Korn Ferry’s solution enables organizational modeling with job architecture, leveraging Korn Ferry Success Profiles to enable workforce mobility, robust talent assessment capabilities for soft and hard skills, and a set of prescriptive insights for employee skill and career development.
“Finding good talent is getting increasingly more difficult with the current demand being far greater than the supply. As a result, retaining existing talent is critical to meet business objectives and stay competitive. Providing a clear career path with supportive materials is a surefire way to show your team that you are invested in them for the long haul.” said Gretchen Horn, CTO at Brookfield Properties Retail Group.
“As CTO of the first Development on Demand company, the ability for our team to get feedback on their skills and to accelerate development of new skills allows us to take advantage of technology advances and deliver better solutions to our clients. Korn Ferry’s Talent Experience solution is scalable and will drive the ongoing development of my team” said Johnny Halife, CTO at Southworks.
Korn Ferry continues to leverage its strategic partnership with Microsoft to deliver meaningful employee experiences.
“We are excited for the launch of Korn Ferry’s new solution built in Microsoft Teams to engage technology professionals in their career journey,” said Casey McGee, vice president of ISV Sales for Microsoft. “Korn Ferry’s new offering allows Microsoft clients to extend their use of Microsoft Teams and enhance the employee experience, while delivering valuable insights to leaders and employees.”
About the Korn Ferry Talent Experience Solution
The Korn Ferry Talent Experience Solution creates a progressive employee experience that retains, engages and grows tech talent with the Korn Ferry Tech Career application, a talent experience and development application that updates alongside the demands of your team, the business, and the market.
About the Korn Ferry Intelligence Cloud
The Korn Ferry Intelligence Cloud is an AI-powered digital platform using external market intelligence and 5 billion Korn Ferry datapoints on work structures, roles and employees’ skills and motivations. It’s based on 86 million assessments and rewards data for 25 million people at 25,000 companies in more than 150 countries, plus engagement data on 8 million employees and more than 700 companies in a normative database. This high volume of aggregated data informs the AI, increasing the accuracy of the modelling to turn insight into action.
About Korn Ferry
Korn Ferry is a global organizational consulting firm. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers.
Phone: (612) 309-3957