Will AI talent marketplaces replace traditional employment models FlexC

1. Will AI talent marketplaces replace traditional employment models: FlexC Artificial intelligence (AI) talent marketplaces is a relatively new concept that is gaining traction as the labour market demands more AI-related abilities. They function as go-betweens for businesses and AI professionals, providing a platform for companies to discover the proper people for automation-related activities. These markets provide a range of services, from linking organisations with suitable AI specialists to providing AI workers with training and tools. There are various processes involved in the operation of AI talent marketplaces. Businesses submit AI-related projects on the platform, describing the skills and knowledge necessary. On the platform, AI experts create profiles that highlight their talents, expertise, and project portfolios. How is it disrupting traditional employment models? AI talent marketplace are significantly changing traditional employment patterns by providing businesses with greater flexibility and agility in their hiring processes. Businesses can use independent contractors or freelance talent instead of full-time employees, allowing them to flexibly scale up or down their workforce to meet changing demands. This shift towards a more flexible workforce benefits AI talent as well, as they may work on a broader range of projects and with multiple firms, earning significant expertise and exposure to a number of industries. Therefore, they are changing the way firms approach talent acquisition as well as the nature of labour itself. Evaluation is done on the basis of skills, talents and performance history This provides organisations with access to a broader range of abilities and information than they would be able to gain in their local job market, giving them a competitive advantage in today's fast-paced and constantly changing business climate. AI talent marketplaces are also changing traditional employment frameworks by supporting a more meritocratic approach to talent selection. Rather than depending on traditional credentials like degrees or job experience, these marketplaces use sophisticated algorithms and other artificial intelligence (AI) technologies to evaluate individuals based on their talents, performance history, and other relevant criteria. This technique not only provides

2. opportunities for exceptional individuals who might otherwise be ignored by standard hiring procedures, but it helps create a more diverse and inclusive workforce. Access to the training and development resources This type of talent marketplace is helpful in reducing the skills gap (the gap between the abilities required by employers and the skills possessed by job hopefuls) that exists in many industries today. These marketplaces help people upskill and reskill by providing access to training and development resources, ensuring that they remain competitive and employable in an ever-changing labour market. This, in turn, may contribute to enhanced economic growth and prosperity by ensuring that businesses have access to the talent they need to innovate, expand, and thrive. What is the future of both of the models? As artificial intelligence advances and gains popularity in the workplace, it is natural to question what the future holds for AI talent marketplace and traditional employment structures. We can say one thing for sure is that artificial intelligence talent marketplaces are here to stay. The AI market is predicted to increase at a compound yearly growth rate of 36.2% from $86.9 billion in 2022 to $407.0 billion by 2027. The increasing adoption of AI technology in numerous industries, as well as the requirement for businesses to stay up with the pace of technological development, are behind this rise. Traditional employment models are likely to be increasingly impacted as AI talent marketplaces expand. People used to find jobs using traditional methods such as networking, job boards, or recruitment agencies. AI talent markets, on the other hand, are changing the game by linking businesses with experienced experts from all over the world, making it easier for organisations to get the talent they require quickly and effectively. Despite the numerous advantages of AI talent marketplaces, traditional models are unlikely to go completely. Some jobs will always demand a personal presence or cannot be completed online but AI talent marketplaces have various benefits, including worldwide talent access, effective matching algorithms, and enhanced flexibility and are going to be used in maximum fields. Many variables will affect the future of work, including the continued evolution of AI technology, shifting attitudes towards labour and employment, and the legal frameworks put in place to control these platforms. About FlexC FlexC is an AI-powered deep work platform,established to help global organisations find global talent- freelancers, contractors and full-time professionals. Trusted by more than 500 global organisations, FlexC provides an ecosystem of features that helps with profile screening, interviewing, onboarding, BGV, monitoring productivity and payments through an

3. interactive dashboard. Find talent from FlexC’s repository of 70k+ professionals with its AI tool and improve the efficiency of your hiring process by 2X.