FMI-The Food Industry Association has partnered with Eightfold.ai to launch Eightfold Talent Exchange, a marketplace to rapidly match recently furloughed or laid-off workers with companies looking to staff up quickly due to the coronavirus pandemic. The platform will allow business leaders to collaborate across corporate and industry boundaries to fulfill the tremendous swings in labor needs.
“We are in a situation where businesses need to quickly fill roles to keep operations moving at this critical time. Talent Exchange, with its matching technology, is exactly what we need to hire quickly based on talent and potential,” said Ashutosh Garg, CEO of Eightfold.ai. “If you’re hiring, it’s an incredible way to help the community. And if your company is going through tough times, you can place your workers into roles at other companies that need their help. Doing so will fill critical shortages and create goodwill with your workers in hopes that they will rejoin you when business conditions improve.”
The coronavirus pandemic has pushed the number of people looking for work to nearly 10 million in just two weeks, according to the U.S. Department of Labor. To help connect these newly unemployed with companies that are hiring quickly due to demand, Eightfold Talent Exchange uses artificial intelligence algorithms that match candidates with available roles, based on each individual’s skills and previous experience.
To use the platform, employers who have had to furlough staff can add lists of impacted employees and send them a link to register for the exchange. These employers can view their entire impacted workforce in a single dashboard and can filter by role, department or location to see details about the talent needs from hiring companies, as well as how their impacted employees are getting placed in new roles.
Employees who have been furloughed or laid off can create or update profiles and answer questions about their job preferences—information that is readily available for hiring companies to see.
Hiring companies see candidate matches generated by Exchange so they can contact these prospects or immediately offer them new jobs. Eightfold.ai can automate and personalize this contact as well, expediting the process even further. Hiring companies can add onboarding instructions to allow new hires to start as soon as they are ready.
“The food industry plays a vital role in maintaining the nation’s critical infrastructure during this national emergency, and we are witness to the unprecedented demand challenges, from products to labor,” said FMI President and CEO Leslie Sarasin. “Our communities rely on vital front-line businesses in food, manufacturing and delivery services, and this new Talent Exchange will help many unemployed and furloughed workers in their time of need.”