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In the Wake of the Great Resignation, Gloat Announces Career Agility and Frontline Employee Offerings to Empower Every Employee to Advance Their Career

Using Gloat’s industry-leading AI, the new product offerings will help employees discover new career opportunities within their organizations and help businesses attract and retain the best talent

NEW YORK–(BUSINESS WIRE)–Gloat, pioneers of the Talent Marketplace, today added Career Agility and Frontline Employee offerings to its portfolio of products to democratize access to career opportunities and put employees in control of their own growth and development.

These innovations arrive as businesses approach a crucial crossroads. Voluntary resignations have hit record highs with 4 million people leaving jobs each month from April through July. Studies indicate the trend may continue as 1 in 3 workers are currently considering switching employers. Employees are demanding change, and it’s up to businesses to meet them where they are — or risk losing talent to competitors that can.

As employees reevaluate what they’re looking for in their jobs and the directions they want their careers to take, organizations need to embrace new ways of working that make internal growth and development accessible to all employees.

Career Agility is designed to enable businesses to do just that. Instead of relying on traditional job architectures, Gloat’s artificial intelligence uses a combination of skills, interests, and job information to give employees real-time visibility and actionable tools to grow, upskill, and build their careers. And as job-specific requirements evolve and new roles emerge in an organization, the AI identifies these changes and dynamically adjusts its recommendations accordingly.

With this new offering, employees have access to Career Paths, which uses Gloat’s AI to present every employee with a variety of personalized Career Path options based on their unique skills and interests:

  • Popular: Career paths that others with similar profiles have taken
  • Desired: Career paths aligned to employees’ specific interests and goals, with recommended opportunities to support those transitions
  • Management: Career paths that help employees work towards leadership roles

If employees want to explore additional job opportunities, Gloat’s Path Navigator allows employees to search for any role within an organization and chart a personalized, step by step path to get there.

Gloat’s Career Agility also helps employees take action to bridge the skill and experience gaps they identify on their paths. Action-oriented Career Tracks provide a step-by-step guide for employees to reach their desired role or gain a specific skill, seamlessly integrating Gloat’s Talent Marketplace opportunities – Projects, Gigs, Jobs, Mentorships, Learning, and more – to help employees progress towards their goals. Career Tracks can be self-curated and directed or recommended to an employee by business and talent managers to suit their unique development needs.

Early adopters are already seeing impressive results. “For years, business and HR leaders have talked about this critical need to put employees in the driver’s seat of their own careers,” said Jean Pelletier, VP of Digital Talent Transformation at Schneider Electric. “With the addition of Career Agility to our Talent Marketplace, we are able to disrupt the way we develop our talent, unlock capacity and most of all, focus on the growth and empowerment of our employees. The internal response has been incredible, and the Schneider team is excited to continue pushing the boundaries of cultural and business transformation with our partners at Gloat.”

These innovations expand beyond desk workers, as Gloat is also debuting industry-first offerings tailored to frontline teams. Employees in these roles have the same desire for growth and opportunity, but they encounter unique obstacles such as connectivity barriers and job-specific time constraints. Gloat’s Talent Marketplace will now empower frontline employees to overcome these challenges by introducing micro-learning and on-the-job shadowing opportunities, all accessible from a mobile experience.

“We’re amidst a talent revolution right now,” said Ben Reuveni, CEO of Gloat. “The ‘Great Resignation’ is signaling that traditional career ladders and development models aren’t working, and employees lack support to navigate the career journey within their organizations today. With these offerings, Gloat is pushing the boundaries of what a career can look like and ensuring all employees, regardless of where they sit in the organization, have access to meaningful opportunity.”

About Gloat

Founded in 2015, Gloat is redefining the future of work with its mission to democratize career development, unlock skills, and help enterprises build a future-proof workforce. It pioneered the AI-powered Talent Marketplace being used by the world’s leading global enterprises today. The company was founded by Ben Reuveni, Amichai Schreiber and Danny Shteinberg and is based in New York, with offices across the globe and a large R&D center in Tel Aviv, Israel. www.gloat.com

Contacts

Lilly Savin

[email protected]
561.932.3186

Gloat Raises $57M Series C to Help Employees Thrive and Businesses Execute Faster in the New World of Work

Round led by Accel will accelerate product innovation and meet surging demand following 4x year-over-year customer growth

NEW YORK–(BUSINESS WIRE)–Gloat, pioneers of the Talent Marketplace platform that is reinventing work and careers in global enterprises, today announced a $57M Series C funding round led by Accel, with participation from existing investors Eight Roads Ventures, Intel Capital, Magma Venture Partners, and PICO Partners. With total funding of $92M, the company will accelerate product innovation and market expansion as it aims to bring workforce agility to every enterprise and more dynamic careers to every individual.

Gloat was founded in 2015 by Ben Reuveni, Amichai Schreiber and Danny Shteinberg, with the belief that the traditional approach to work, jobs and careers that has been at the heart of enterprise operations since the industrial revolution is now holding businesses and their people back. In an age where the speed of change demands greater agility and adaptability than ever before, enterprises need a more agile operating model. That is why Gloat built the Talent Marketplace – an AI-powered platform that dynamically connects employees with internal work and development opportunities like projects, full-time roles and mentorships that align to their skills and aspirations. The Talent Marketplace helps enterprises break down operational silos and quickly draw on talent from across the business, while democratizing career opportunities for employees and empowering them to navigate more dynamic, experience-driven careers on their own terms.

Leading global enterprises such as Unilever, Schneider Electric, Seagate, Nestlé, Novartis, MetLife, HSBC, and ABInBev are benefiting today from Gloat’s platform. Within four months of deploying Gloat, Seagate Technology saved $1.4 million by efficiently managing and deploying talent. Unilever has been able to resource more than 4,000 business projects (equivalent to over 500,000 working hours), 60% of which included talent from a mix of business functions and geographies. Projects at the consumer goods giant included a new ice cream product launch that broke time-to-market records and launches of dozens of new hygiene products to meet surging demand amid the COVID-19 pandemic.

“We’re living through a paradigm shift in the way leading enterprises are managing talent and work within their organizations. Traditional silos, rigid hierarchies and legacy HR technologies keep employees trapped, with limited opportunities for growth, and slow organizations down,” said Gloat CEO and Co-Founder Ben Reuveni. “The most forward-thinking and future-ready companies are breaking down these silos and embracing a more agile approach to workforce management powered by the Talent Marketplace.”

The urgent need to respond to change amidst the pandemic was an accelerant for many organizations to embrace a more agile operating model with the Talent Marketplace, as Gloat’s customer base grew 4x, ARR grew 5x, employee count tripled, and Gloat’s user base expanded to more than 120 countries. Gloat’s new funding comes as businesses are emerging from pandemic lockdowns and having to once again adapt to a new world of work.

“As companies are adapting their workforces to be more flexible and take advantage of remote workers, new tools are needed to optimise productivity and ensure equality of opportunities,” said Philippe Botteri, Partner at Accel. “Gloat pioneered the Talent Marketplace to solve that, and it’s now becoming a strategic tool for global enterprises. Some of the world’s largest, most forward-looking companies are benefiting from the workforce agility enabled by Gloat’s AI-powered platform. The Accel team is looking forward to partnering with Gloat on the next stage of its journey, bringing this fundamentally new way of developing talent and managing work to every global enterprise.”

About Gloat

Founded in 2015, Gloat is redefining the future of work with its mission to democratize career development, unlock skills, and help enterprises build a future-proof workforce. It pioneered the AI-powered Talent Marketplace being used by the world’s leading global enterprises today. The company was founded by Ben Reuveni, Amichai Schreiber and Danny Shteinberg and is based in New York, with offices across the globe and a large R&D center in Tel Aviv, Israel. www.gloat.com

About Accel

Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Arista, Atlassian, Braintree, Celonis, CrowdStrike, Deliveroo, DJI, Dropbox, Etsy, Facebook, Flipkart, Freshworks, Jet, Kayak, Lynda.com, Qualtrics, Rovio, Slack, Spotify, Supercell, Swiggy, Tenable, UiPath, and Venmo are among the companies the firm has backed over the past 35+ years. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com or www.twitter.com/accel.

Contacts

Ruslan Tovbulatov

[email protected]