Gloat Introduces My Team, Redefining the Performance Model to Facilitate Continuous and Meaningful Employee Upskilling

NEW YORK–(BUSINESS WIRE)–Gloat, the leading provider of Workforce Agility and pioneers of the AI-powered Talent Marketplace, today announced the launch of My Team, a major platform expansion enabling managers to convey feedback to employees in real-time. With My Team, organizations can put an end to the annual performance review—an outdated process that has failed to facilitate consistent talent growth for decades. My Team provides a transparent view of skill gaps and expectations so managers can be more proactive in employees’ development, facilitating conversations that are timely, actionable, and personalized.

As uncertain economic conditions threaten 2023 workforce plans, the ability to quickly reskill, upskill and redeploy people has never been more important for organizations. In fact, the World Economic Forum reports 50% of employees will need to be reskilled by 2025. Yet organizations today don’t have the tools to deliver this kind of continuous feedback. An annual or infrequent performance review process doesn’t acknowledge the fact that business objectives are changing all the time, and it’s impossible to standardize what the next step looks like for an individual employee. A skill gap identified in October 2022 may no longer be relevant in 2023. the employee might have grown past it, regressed, or seen their job’s function change entirely. And as careers become increasingly unique, performance reviews fail to account for the variety of goals and aspirations held by individual employees.

My Team equips managers and employees with tools that understand their needs at macro and personalized levels, including:

• Team Insights: Holistic insight into the team’s top skill strengths gaps, clarifying where to focus workforce planning at any given time.
• Team Skill Landscape: An AI-powered view providing real-time insight on how each employee’s unique skills stack up to role and industry standards, giving employees continuous guidance on how to meet and exceed their development goals.
• Team Members: A managerial view of the employee’s current development goals and aspirations, and tools to recommend skills to work on, future roles to consider, and curated development tracks to provide specific ways for employees to focus their development.
• Skill Strength: The ability for employees to self-rate their level of mastery of a skill, and compare against their manager’s rating to facilitate transparent development conversations.

“For the modern employee, their performance is more sophisticated than annual scores and ratings,” said Ayala Michelson, vice president of product and analytics at Gloat. “As the market evolves and new technologies and skills emerge, we need a better way to facilitate ongoing development conversations. Managers and employees should actually look forward to these meetings—not dread them. Our platform is building dynamic connection points that align to the unique strengths, interests and opportunity areas for each employee. My Team creates the structure and support needed to facilitate the varied and rich career paths today’s employees are looking for.”

About Gloat

Gloat is an industry-leading Workforce Agility Platform that enables businesses to move like a startup and deliver like an enterprise. Bringing together the world’s first AI-powered Talent Marketplace with rich, dynamic Workforce Intelligence, the Gloat platform empowers businesses to develop and deploy their talent, while continuously understanding and adapting their workforce to changing needs. With Gloat, businesses are ready to navigate change at speed, retain critical skill sets, and design a future-proof workforce.

Gloat is trusted by some of the world’s leading global enterprises, including Unilever, Schneider Electric, Standard Chartered Bank, PepsiCo, Nestlé, Novartis, HSBC, Seagate, and many more.

To learn more about Gloat, visit www.gloat.com

Contacts

Daniel Norton

Global Communications Manager

(929) 314-4250

daniel.norton@gloat.com