Eightfold AI 2024 Talent Survey Reveals Critical HR-Business Alignment Gaps

Eightfold AI, the leader in AI-powered talent intelligence, has released its 2024 Talent Survey, conducted in collaboration with 3Sixty Insights. The report sheds light on misalignment between HR strategies and broader business objectives, revealing key challenges faced by organizations globally.

Key Findings

1. HR and Business Alignment Challenges:
   • Only 18% of organizations reported effective coordination across talent strategy, business strategy, and C-suite collaboration.
   • 82% faced issues like:
     • Strategic Misalignment: HR perceived as operational rather than strategic.
     • Friction in Strategic Buy-in: Limited executive recognition of HR’s value.
     • Competing Priorities: Profit-driven executive focus vs. HR-driven employee-centric priorities.
2. Employee Satisfaction and Retention:
   • 82% of employees considered applying for new jobs, up from 76% in 2022.
   • Dissatisfaction stems from misaligned talent strategies and lack of transparency.
3. HR’s Role in Business Strategy:
   • Only 53% of HR leaders are involved in initial business strategy development.
   • 66% report misaligned talent strategies with business goals.
4. Future Skills Readiness:
   • 60% of CHROs acknowledge the need to understand future workforce skills to remain competitive.

Solutions and Recommendations

1. Bridge HR and C-Suite Gaps:
   • Recognize HR as integral to business strategy.
   • Align HR initiatives with organizational goals through strategic collaboration.
2. Leverage AI-Powered Talent Intelligence:
   • Map current workforce skills and predict future talent needs.
   • Enable upskilling and reskilling to reduce reliance on external hires.
   • Improve employee satisfaction and retention with data-driven decision-making.
3. Adopt Inclusive HR Strategies:
   • Foster transparency between leadership and employees.
   • Build comprehensive plans that align business objectives with workforce development.

The Eightfold AI 2024 Talent Survey highlights the urgent need for better alignment between HR and business strategies. By adopting talent intelligence platforms and inclusive strategies, organizations can bridge critical gaps, enhance employee satisfaction, and secure long-term success in a competitive landscape.