Lightcast Completes Workday Certified Integration

Rhea-AI Summary

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.

Positive

• 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.

Negative

• No financial figures or direct revenue impact data provided.
• Potential integration complexity for existing Workday customers.

MOSCOW, Idaho, June 13, 2024 /PRNewswire/ -- Lightcast, a provider of trusted global labor market data, analytics, and expert guidance, announced today it has achieved Workday Certified Integration status. Workday, Inc. is a leader in enterprise cloud applications for finance and human resources. Through this integration, Lightcast can provide customers with a seamless integration that connects Workday Human Capital Management (HCM) and Workday Skills Cloud and with Lightcast Talent Transform.

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 Boston, Massachusetts, and Moscow, Idaho, Lightcast is active in more than 30 countries and has offices in the United Kingdom, Canada, Italy, New Zealand, and India. The company is backed by global private equity leader KKR. For more, visit www.lightcast.io.

Contact: Cara Christopher
media@lightcast.io

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SOURCE Lightcast

FAQ

What is the significance of Lightcast achieving Workday Certified Integration status?

Lightcast's Workday Certified Integration status enables seamless connectivity with Workday HCM and Skills Cloud, enhancing job profiles with labor market data and providing insights into hiring trends.

How does the integration between Lightcast and Workday benefit customers?

The integration helps customers optimize skills-based hiring and talent management by providing detailed taxonomies and insights into competitive hiring trends.

What kind of data does Lightcast provide through this integration?

Lightcast offers labor market data including taxonomies of over 1,900 occupations, 75,000 job titles, and 33,000 skills, enhancing Workday's existing skills taxonomy.

Which company has already benefited from Lightcast's integration with Workday?

Bridgestone, with 130,000 employees in over 150 countries, has improved its career pathways and talent strategy using Lightcast's skill insights.

What are the potential challenges of integrating Lightcast with Workday for existing customers?

Existing Workday customers might face complexity in integrating Lightcast's data with their current systems.