Podcast
Questions and Answers
What did Toptal claim to represent?
What did Toptal claim to represent?
Enel has only collected ideas from within the energy industry.
Enel has only collected ideas from within the energy industry.
False
What platform did Enel launch after testing crowdsourcing?
What platform did Enel launch after testing crowdsourcing?
Platforms like Upwork and 99designs are known for matching individuals with companies for _____ projects.
Platforms like Upwork and 99designs are known for matching individuals with companies for _____ projects.
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What percentage of business leaders reported extensive usage of the three types of talent platforms?
What percentage of business leaders reported extensive usage of the three types of talent platforms?
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Match the following companies or platforms with their focus areas:
Match the following companies or platforms with their focus areas:
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The survey indicates that all companies are fully utilizing high-skills talent from digital talent platforms.
The survey indicates that all companies are fully utilizing high-skills talent from digital talent platforms.
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What type of workforce models are companies transitioning to?
What type of workforce models are companies transitioning to?
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An overwhelming majority of respondents believed that usage of digital talent platforms in their company had increased in the previous ________ years.
An overwhelming majority of respondents believed that usage of digital talent platforms in their company had increased in the previous ________ years.
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Match the following terms with their descriptions:
Match the following terms with their descriptions:
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Which talent sourcing model was least utilized according to the data?
Which talent sourcing model was least utilized according to the data?
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Organizations that experimented with a talent sourcing model are currently using it still.
Organizations that experimented with a talent sourcing model are currently using it still.
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Name one type of digital talent platform mentioned in the data.
Name one type of digital talent platform mentioned in the data.
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Organizations use ______ to find premium talent, indicating a higher level of specialization.
Organizations use ______ to find premium talent, indicating a higher level of specialization.
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Match the following sourcing models with their descriptions:
Match the following sourcing models with their descriptions:
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What was the primary reason Collier went to Toptal?
What was the primary reason Collier went to Toptal?
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Enel received more than 600 proposals aimed at improving resiliency during the pandemic.
Enel received more than 600 proposals aimed at improving resiliency during the pandemic.
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What do digital talent platforms aim to amplify?
What do digital talent platforms aim to amplify?
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Gig work is often associated with _______ platforms.
Gig work is often associated with _______ platforms.
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Match the platforms with their associated services:
Match the platforms with their associated services:
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What is one of the benefits of using platforms like Upwork according to managers in large companies?
What is one of the benefits of using platforms like Upwork according to managers in large companies?
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Most proposals received by Enel were not implemented.
Most proposals received by Enel were not implemented.
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What challenge did local managers post to address?
What challenge did local managers post to address?
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What percentage of leaders reported it was highly or somewhat possible that their core workforce would be much smaller in the future?
What percentage of leaders reported it was highly or somewhat possible that their core workforce would be much smaller in the future?
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Covid-19 has led to a decrease in remote work among companies.
Covid-19 has led to a decrease in remote work among companies.
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What overarching change has the Covid-19 crisis pushed companies towards regarding talent sourcing?
What overarching change has the Covid-19 crisis pushed companies towards regarding talent sourcing?
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Companies have started to prefer to '_____,' 'borrow,' or 'share' talent with other companies.
Companies have started to prefer to '_____,' 'borrow,' or 'share' talent with other companies.
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What advantage do talent platforms provide to highly skilled workers?
What advantage do talent platforms provide to highly skilled workers?
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Post-Covid-19, companies have become less adaptable to changes in the workforce.
Post-Covid-19, companies have become less adaptable to changes in the workforce.
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How did Covid-19 influence the perception of working with outsiders for companies?
How did Covid-19 influence the perception of working with outsiders for companies?
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What percentage of business leaders reported strong pressure to find skilled talent due to automation and digitalization?
What percentage of business leaders reported strong pressure to find skilled talent due to automation and digitalization?
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Younger workers prefer traditional work environments without much flexibility.
Younger workers prefer traditional work environments without much flexibility.
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What is the primary reason behind the need for more frequent reskilling or upskilling?
What is the primary reason behind the need for more frequent reskilling or upskilling?
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The increasing _______________ is forcing companies to seek ways to reduce fixed costs.
The increasing _______________ is forcing companies to seek ways to reduce fixed costs.
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Match the following drivers of talent strategy with their descriptions:
Match the following drivers of talent strategy with their descriptions:
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Which of the following is NOT a reason cited for the need to find skilled talent?
Which of the following is NOT a reason cited for the need to find skilled talent?
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The complexity of labor regulations encourages companies to employ workers in all countries.
The complexity of labor regulations encourages companies to employ workers in all countries.
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What is the effect of start-ups on traditional industries?
What is the effect of start-ups on traditional industries?
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Businesses are undergoing digital transformations to introduce new __________.
Businesses are undergoing digital transformations to introduce new __________.
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What is a significant challenge of an aging workforce?
What is a significant challenge of an aging workforce?
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Study Notes
On-Demand Workforce
- Companies can transform their talent model and business strategy by using digital talent platforms to access highly skilled freelancers.
- The rise of high-skills freelance economy is transforming the workforce.
- Digital talent platforms are increasingly common, with 330+ platforms since 2009.
- More than 30% of business leaders extensively use new talent platforms, with another 30% using them moderately.
- Almost 90% of business leaders consider digital marketplaces crucial for future competitiveness.
- Companies are increasingly using these platforms for a variety of tasks, including tactical and strategic, general and specialized work.
- Many companies are adapting to the on-demand workforce model.
- Covid-19 accelerated the move towards on-demand workforce models as companies adapted to remote work and talent shortages.
- Organizations are learning they need to adapt their management practices to incorporate a flexible workforce.
The Transformation Challenge
- Companies are using these digital talent platforms for various functions, including IT, HR, marketing, research, planning, and finance.
- While many firms use these platforms, there's a gap in strategy - most use them for short-term needs instead of long-term, strategic use.
- Many are still using a one-off transaction approach to talent acquisition
- C-suite leaders tend to be more optimistic about the potential of these platforms than frontline managers.
- The shift in the way work is done, impacting processes, systems, and culture.
- There are barriers to transition including, identifying, evaluating, and effectively selecting talent, properly onboarding, handling IP risks, and navigating existing company regulations
Building a Strategic Approach
- Companies need to define how to best strategically use on-demand workers.
- Remake company culture to focus on outcomes instead of processes
- Rethink the value proposition for all employees - both current and freelancers
- Redefine work into discrete components which can be carried out by inside or outside contractors
- Reassess existing capabilities within the firm - tap into unused potential
- Revise organizational policies and processes. Reduce friction and enhance efficiency for incorporating freelancers
Action Agenda
- Companies should conduct micro-experiments to determine the best ways to deploy this workforce model.
- Try a portfolio of platforms before committing to a single one.
- Align talent model across all levels of management to ensure successful implementation.
- Identify champions to drive change and to lead the development and implementation of a new strategy.
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Description
Test your knowledge on digital talent platforms and their impact on workforce models. This quiz covers various companies, platforms, and the trends regarding talent sourcing in today's business environment. Learn about the statistics and insights related to the usage of these platforms across industries.
