iCIMS Introduces iCIMS Talent Cloud Opportunity Marketplace

New solution will improve employee experience, retention and reduce internal talent mobility friction

HOLMDEL, N.J. [Oct.  5, 2021] – iCIMS today announced iCIMS Talent Cloud Opportunity Marketplace to better connect personnel to internal job opportunities and empower talent to build a long-term future with their current company. The new solution will enable talent professionals and hiring teams to improve internal talent mobility programmess and agile talent deployment.

According to Deloitte, 49% of employers lack the processes needed to identify and move personnel into different positions within their organisation, and research from IDC’s 2020 Annual Talent Acquisition Buyer Survey1 confirmed that 57% of buyers view internal mobility and talent marketplace solutions as a high priority investment for 2021.

“In today’s tight labour economy, every major company is starting to build an internal talent marketplace,” said Josh Bersin, global industry analyst. “Offerings like iCIMS Opportunity Marketplace, which provide comprehensive tools for career management, candidate communications, and job matching, should help companies increase retention and lead to overall business success.”

iCIMS’ new solution is designed to remove the complexities with talent advancement to help improve organisations’ talent retention and reduce the potential cost of turnover. iCIMS is taking its award-winning candidate experience and applying it to the employee experience, with added capabilities to improve retention, and reduce mobility friction.

Unlike other point tools, iCIMS Talent Cloud Opportunity Marketplace brings the experience to the employee, beyond ‘opportunity identification’ to ‘opportunity inspiration.’

New capabilities within iCIMS Talent Cloud Opportunity Marketplace for the employee will include:

  • Authentic opportunity insight from employee-generated video content that provides insight into opportunities and team culture.
  • Better employee engagement with iCIMS Digital Assistant that will automatically engage personnel for potential opportunities and skill development.
  • Employee control over their career path and journey with skills and opportunity management within their talent profile.

New line manager and talent team experiences include:

  • AI-enabled, skills-based employee-opportunity matching, to easily and automatically identify ideal internal candidates for new opportunities, reducing manual efforts.
  • Greater visibility into employee skills to champion mobility moves.
  • Improved insight and support for organisational DEI initiatives.

“With vacancies up nearly 80% and job applications only up 5% since the beginning of the year, employers are feeling the impact of the most significant restructuring, redistribution and rehire of labour in history,” said Mark Brandau, vice president of portfolio marketing, iCIMS. “In this unusual labour market environment, personnel have many options, making it crucial for talent leaders to stay connected to current personnel and prioritise employee experience. iCIMS Talent Cloud Opportunity Marketplace will help retain talent while removing the limitations and stigmas related to internal mobility to ensure top talent has a long future with your organisation.”

“We’ve seen a measurable increase in retention by having open dialogue and engagement with personnel,” said Lauren King, senior director of talent acquisition, Ascension. “We are working with iCIMS to support our national internal mobility programme that empowers personnel to take control of their career destination with us, before they leave for another opportunity. We hope iCIMS will help us to give our talent teams even greater visibility into employee journeys, automatically identify talent with relevant skills for new opportunities, provide smart analytics to inform better decisions and more, so we can retain talent and continue providing every patient with personalised, compassionate care.”

iCIMS will preview these new and enhanced capabilities at its upcoming INSPIRE global virtual conference on Nov. 16-17, featuring Dan Levy of “Schitt’s Creek,” global industry analyst Josh Bersin and more. Register for free to learn how these solutions can help reengage existing talent and easily match personnel to new opportunities. European-based talent and technology innovators are also encouraged to register for the INSPIRE European Summit, hosted in partnership with UNLEASH on Oct. 21.

1 IDC, Improving Recruiting Outcomes Through Internal Mobility and Integrated Talent Marketplaces, Doc # US47696921, May 2021

About iCIMS

iCIMS is the talent cloud company that empowers organisations to attract, engage, hire, and advance the right talent that builds a diverse, winning workforce. iCIMS accelerates transformation for a community of more than 4,000 customers, including 40 percent of the Fortune 100.