Fuel50, Laguna Niguel, California: Transforming Career Frameworks with the Power of AI

Written answers to the questions

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14 September 2022

Total 350 words used.

Fuel50 is the skills-based AI Talent Marketplace solution that delivers internal mobility and workforce reskilling; with a mission to support every employee globally to find opportunities matched to their skills, talents and interests. A robust workforce architecture (like a career framework) that details job titles, roles and responsibilities, and skills is critical to establishing a talent marketplace. 

  Manually creating and maintaining an organization’s workforce architecture is extremely time and resource-heavy. With the latest update to Fuel50's revolutionary AI Architecture solution, it delivers low-touch and scalable AI architectures for organizations of all sizes, structures, and industries.  

  The powerful AI engine and well-engineered system combine with current market data to keep architectures up to date with the latest roles and capabilities - mitigating clunky, outdated, hard-to-maintain frameworks. The result is an automated, modern, and future-proofed workforce architecture in as little as 22 days.     

  In addition, organizations can use their own skills taxonomy, leverage Fuel50’s Talent Ontology™, or a combination of the two to inform their architecture.  

  Fuel50's Talent Ontology™ is a complete capability library that continuously updates and grows in response to market changes and client needs. Fueled by the latest digital market data, it is maintained by Fuel50's team of I/O Psychologists and Workforce Architects and checked regularly against DEI protocols. It includes generic job descriptions and responsibilities aligned to 1,000+ common job titles and content covering 45+ functional areas across a broad spectrum of industries.  

  Fuel50's proprietary Learning Curve AI™ further enhances the benefits of Fuel50’s Talent Ontology™. Developed following extensive research into workplace learning and career progression, the AI adapts to the organization and roles, applying proficiency levels to capabilities and specialist skills to ensure a smooth learning curve from Entry level to Executive roles.   

  Fuel50's AI Workforce Architecture becomes the talent system of record by importing, normalizing, defining, and interrelating skills while eliminating the manual and seemingly never-ending process of creating and maintaining job profiles. By having this data always available and up to date, the organization's Talent Marketplace surfaces internal opportunities to employees and workforce data to managers and leaders to inform organizational and talent strategies.

Total 348 words used.

Having a robust Workforce Architecture developed in as little as 22 days is a huge step forward for HR teams and organizations. Since the launch of Fuel50's Talent Ontology™, only 6% of new clients used their own framework for their Workforce Architecture. 

  Of Fuel50’s 80 current clients (as of 12 December 2022), 50 have included the Workforce Architecture product in their package, with 38 of these opting for Fuel50’s Talent OntologyTM. Velocity Risk and SBA Communications are two clients who’ve seen incredible benefits from implementing these. 

  With Fuel50, Velocity Risk has successfully transformed its company culture, making VRU a place where employees feel heard, valued, and supported. Goal setting, career development, and expanding skill sets are now the new normal, with 720 career actions identified within 90 days of implementation.  

  VRU saw the following results:   

87% Employee Retention Rate during The Great Resignation   

2,100+ Skills & Capabilities Mapped   

80% Adoption Rate   

  Using Fuel50's AI Architecture, Velocity Risk has modernized its old career framework, eliminating the need for manually reviewing and updating job lists as Fuel50's powerful and ethical AI automatically does it for them. As the organization expands and evolves, its workforce architecture can now easily evolve with it meaning that employees are likewise equipped for the future. With Fuel50, VRU employees have widened their perspectives on growth and now see development as an integral part of their success and fulfilment.

SBA has already started seeing the benefits of Fuel50 through increased team member satisfaction and retention rates. It is also mitigating their #2 reason for employees leaving – a seeming lack of career opportunities. The HR department is now ready, armed, and able to focus on employee engagement and growth.  

  With Fuel50, SBA has seen the following results:   

78% Career Satisfaction Rating   

84% Employee Retention Rate   

68% Adoption Rate   

12,200 Skills Evaluated by Employees   

15,058 Career Engagers Evaluated   

SBA has transformed its HR practices to be better at attracting, retaining, and engaging talent. Equipped with an effective talent marketplace, SBA is building a culture of learning and growth where people can see a future.