News: 55% of Indian firms yet to harness AI for talent optimization: Cornerstone 2023 Talent Health report

Learning & Development

55% of Indian firms yet to harness AI for talent optimization: Cornerstone 2023 Talent Health report

According to Talent Health Index: India Edition by Cornerstone OnDemand, organizations that exhibit a 'Sophisticated' maturity level in Learning and Development, Talent Mobility, and Talent Reporting, specifically in Data and Analytics, show higher customer satisfaction, productivity, and overall performance.
55% of Indian firms yet to harness AI for talent optimization: Cornerstone 2023 Talent Health report

According to research conducted by Cornerstone OnDemand, a leading platform for learning and talent experience solutions, only 17% of surveyed organisations utilise an advanced set of learner-centric tools to streamline talent processes and information. The study encompassed 127 organisations, providing a comprehensive perspective on the state of talent programs across India.

The report, titled ‘2023 Talent Health Index: India edition,' further underscores that a majority of organisations in India are trailing behind in their talent development initiatives. This emphasises the critical necessity to construct a comprehensive talent strategy geared towards bridging the workforce skills gap and adapting to significant workplace changes.

The survey, conducted from August 2023 to September 2023, focused on assessing the maturity level of seven critical dimensions of talent programs. These dimensions include Culture and technology, Skills Strategy, Learning and development, Content Strategy, Performance Management, Talent Mobility, and Talent Reporting, along with Data and analytics.

Additionally, the survey revealed key findings

Improvement needed in talent programs: On average, Indian organisations fall into the 'Administrative' maturity level, indicating proficiency in fundamentals but a lack of innovation exploration. Automation in talent programs is lacking at this level, and organisations lack a robust learning strategy.

Slow adoption of emerging talent innovation: Only 17% of organisations utilise advanced learner-centric tools to enhance talent processes and information, while over 55% have not yet tapped into AI technology to optimise their talent, according to Cornerstone's THI report. 

Comprehensive action required for skills intelligence: Approximately 39% of surveyed organisations prioritise identifying current and future skilling needs aligning with their business strategy.

The Talent Health Index report further distinguishes 'High-Performing' organisations as 'Fit for the Future.' These organisations, exhibiting higher customer satisfaction, productivity, and overall performance, have a 'Sophisticated' maturity level in Learning and Development, Talent Mobility, and Talent Reporting, specifically in Data and Analytics.

Commenting on the findings of the research, Nishchae Suri, Managing Director - India, Cornerstone OnDemand said, “Organisations must invest in a well-rounded, multi-faceted talent management strategy to thrive amidst evolving workplace challenges. The average Talent Health Index score in this first India edition placed organizations in the “Administrative” maturity level, suggesting there is a lot of room for improvement. Talent leaders must act urgently and adopt a whole-system approach to build a comprehensive talent development ecosystem. The THI India edition will serve as a guide, helping organisations in India to identify significant opportunities, chart a path to success, and develop talent programs and employee experiences that drive real business transformation.”

Are you 'Administrative' or 'Sophisticated'?  Read the report to find out where you stand among your peers.

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Topics: Learning & Development, Technology, #ArtificialIntelligence, #HRTech

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