Lightcast Completes Workday Certified Integration
Lightcast has achieved Workday Certified Integration status, enabling seamless integration between Lightcast Talent Transform and Workday Human Capital Management (HCM) and Skills Cloud.
This integration enhances job profiles with Lightcast labor market data, providing insights into competitive hiring trends through detailed taxonomies of 1,900 occupations, 75,000 job titles, and 33,000 skills. Joint customers can leverage these insights to optimize skills-based hiring and talent management strategies.
Bridgestone, an early adopter, has improved career pathways and talent strategy for its 130,000 employees across 150 countries using these insights. Lightcast CEO Chris Kibarian highlighted this milestone as pivotal in helping organizations realize actionable skills-based talent strategies.
- Achieved Workday Certified Integration status.
- Enables seamless integration with Workday HCM and Skills Cloud.
- Provides detailed taxonomies of 1,900 occupations, 75,000 job titles, and 33,000 skills.
- Enhances job profiles with labor market data.
- Enables insights into competitive hiring trends.
- Early adopter Bridgestone reports improved career pathways and talent strategy.
- No financial figures or direct revenue impact data provided.
- Potential integration complexity for existing Workday customers.
Insights
The integration of Lightcast with Workday is noteworthy as it combines the strengths of both platforms to enhance talent management capabilities. This integration leverages Lightcast's extensive labor market data to enrich Workday's HCM with external benchmarks and market-driven insights. This creates a robust foundation for skills-based hiring and career development initiatives. For companies using Workday, this means more precise and informed decisions about their workforce, which could lead to better alignment between skills supply and demand.
From a technical standpoint, achieving Workday Certified Integration status indicates that the integration meets rigorous standards for security and interoperability, which is important for organizations relying on these systems for critical HR functions.
The partnership between Lightcast and Workday could have significant implications for the HR tech market. Lightcast's integration provides a competitive edge by offering detailed labor market data, which can help companies optimize their hiring and talent management strategies. This is particularly important in today's labor market, where understanding the nuances of skills demand and supply can drive better hiring decisions and career development pathways.
Additionally, the partnership could enhance Workday's position in the HR tech space by adding value to its existing platform, potentially attracting new customers and retaining existing ones. The use of global taxonomies and skill data further strengthens this value proposition.
From a financial perspective, the integration could lead to increased revenue for both companies by enhancing their service offerings. For Workday, this partnership could drive subscription growth and customer retention, as it adds significant value to its HCM suite. For Lightcast, the integration not only broadens its user base but also positions it as a vital player in the skills and workforce analytics market.
This development could also influence investor perception positively, as it demonstrates both companies' commitment to innovation and customer-centric solutions. However, it's important to monitor how well this integration is adopted by the market, as its success will directly impact the financial benefits accrued by both companies.
The integration enables joint Workday and Lightcast customers to enhance their Workday job profiles with Lightcast labor market data, creating the foundation of a skills-based organization with skills profiles, access to granular supply and demand data, and insights to competitive hiring trends.
With this integration, joint customers also have access to the Lightcast Open Occupations, Open Titles and Open Skills taxonomies. These global taxonomies of more than 1,900 occupations, 75,000 job titles, and 33,000 skills complement Workday's existing skills taxonomy, and can help users understand which skills are in demand, how they relate to each other, and how they can shape hiring and talent management strategies. The combination of global skills trends and internal insights allows talent managers to get more value from skill initiatives, such as deploying skills-based hiring and career pathways, and gain a comprehensive view of the internal talent landscape and external benchmarks.
"Research by Lightcast and others have shown that skills-based approaches offer a material return on investment, but we see many organizations struggling to realize that return because their internal data isn't benchmarked against the broader market. Lightcast products are purpose-built to bring external labor market data to organizations. The integration with Workday HCM will help enable organizations to build a skills-based talent strategy that is scalable, market-driven, and most importantly, actionable. This is a significant milestone in our mission to help organizations unlock new possibilities in the labor market," said Lightcast CEO Chris Kibarian.
Bridgestone, a global tire and rubber manufacturer, is already using Lightcast's skill insights. Developing effective career pathways is an important part of talent strategy for Bridgestone, which has approximately 130,000 employees and operates in more than 150 countries. "Pairing Workday HCM with Lightcast's global external data and market-driven skills recommendations provides enhanced visibility into the skills our employees need to progress in their careers. With this robust talent intelligence data, we're more confident and clear in our skills strategy," said Susie Long, Bridgestone Senior Vice President for Talent Acquisition, Management, Leadership Development, Engagement, and Culture.
More information on Lightcast's integration can be found on the Workday Marketplace, which provides easy access to solutions built by Workday and its software and content partners.
About Lightcast
Lightcast provides trusted global labor market data, analytics, and expert guidance that empowers communities, corporations, and learning providers to make informed decisions and navigate the increasingly complex world of work. With a database of more than one billion job postings and career profiles, our team provides best-in-class customer service with robust data, clear analysis, and expert guidance on skills, jobs, and opportunities. Headquartered in
Contact: Cara Christopher
media@lightcast.io
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SOURCE Lightcast
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