TalentNeuron is a leading provider of labor market analytics, delivering high-fidelity talent data on a global scale. With the recent acquisition of HRForecast, TalentNeuron now offers the first end-to-end strategic workforce planning platform that integrates internal workforce data with external labor market intelligence.
This comprehensive solution empowers businesses to make informed decisions regarding talent management, workforce planning and skills development, ensuring they remain competitive and agile in today’s rapidly evolving business landscape.
TalentNeuron’s strategic workforce planning platform addresses the growing need for businesses to proactively plan for their future workforce needs. By combining internal and external talent data, the platform allows organizations to:
- Forecast future talent needs: Analyze historical data, current trends, and future business scenarios to accurately predict future talent demands.
- Identify skills gaps: Assess current employee skills against future requirements to pinpoint areas for upskilling and reskilling initiatives.
- Optimize workforce allocation: Strategically allocate resources and talent to ensure the right people are in the right roles at the right time.
- Improve talent acquisition: Leverage real-time labor market data to identify and attract top talent with the necessary skills.
- Enhance employee engagement: Facilitate internal talent mobility and development opportunities through a built-in talent marketplace.
This integrated approach enables businesses to move beyond reactive workforce management and adopt a proactive strategy that aligns talent with business objectives.
David Wilkins, Chief Product Officer for TalentNeuron, frames this as a new solution category. “The last 20 years of digital transformation efforts have led a new era of workforce transformation where companies are wrestling with impacts of automation and AI agents, global talent pools, global talent competition, and an ever-increasing rate of skill evolution. Our mission is to help our clients navigate the future of work. To meet this challenge, we need help clients move beyond siloed views of internal and external talent and toward a consolidated set of workforce planning and execution tools that rely on common skills and job architecture frameworks.”
Company Overview:
TalentNeuron, a Leeds Equity portfolio company, is revolutionizing HR analytics by providing comprehensive labor market data and strategic workforce planning solutions. Their platform offers unparalleled global coverage, representing countries that account for over 91% of the world’s GDP.
Through advanced AI and machine learning, TalentNeuron processes vast amounts of data to deliver actionable insights for workforce planning, skills analysis, location optimization, DEI initiatives, and sourcing strategies. The recent acquisition of HRForecast, a leading provider of strategic workforce planning and skills management software, has further strengthened TalentNeuron’s position as a market leader.
This combination creates the industry’s most comprehensive software and dataset for strategic workforce planning, empowering businesses to effectively navigate the complexities of the modern workforce.
Key highlights of TalentNeuron’s Strategic Workforce Planning Platform include:
- Unparalleled Global Labor Market Data: Access to extensive, high-fidelity talent data covering a vast majority of the global economy, enabling informed decision-making on a global scale. This allows businesses to understand talent availability, skills distribution, and compensation benchmarks across different regions.
- AI-Powered Predictive Analytics: Leverage advanced AI and machine learning algorithms to forecast future talent needs, identify emerging skills gaps, and model various workforce scenarios. This helps organizations proactively address potential talent shortages and optimize their workforce strategy.
- Integrated Internal and External Talent Data: Combine internal workforce data with external labor market intelligence in a unified platform, providing a holistic view of talent availability and demand. This enables data-driven decisions regarding talent acquisition, development, and deployment.
- End-to-End Strategic Workforce Planning: A comprehensive solution that covers the entire spectrum of workforce planning, from demand planning and scenario modeling to skills development and strategic hiring. This streamlines the planning process and ensures alignment between workforce strategy and business objectives.
- Internal Talent Marketplace: Facilitate internal talent mobility and career development through a built-in talent marketplace. This empowers employees to explore new opportunities, acquire new skills, and contribute their talents more effectively within the organization.
TalentNeuron’s strategic workforce planning platform empowers businesses to effectively address the challenges of the modern workforce, such as talent shortages, skills gaps, and the impact of automation and AI.
By providing comprehensive data, predictive analytics, and integrated planning tools, TalentNeuron enables organizations to optimize their workforce strategy, enhance employee engagement and achieve their business goals.
“One of the things we consistently hear from leading organizations is that workforce strategy is business strategy, but the toolkits required to connect the dots between the business strategy and workforce transformation are still missing. With this acquisition, TalentNeuron is bringing together the technologies and data frameworks to finally make this possible.” said Michael Rochelle, Chief Strategy Officer and Principal Analyst, Brandon Hall Group™.
This unique combination of internal and external talent data, coupled with advanced analytics, positions TalentNeuron as a key player in the evolving HR technology landscape, with significant potential for future growth and impact.
