Case Study: a Fortune 500 financial services company transforms workforce decisions with Lightcast

Fortune 500 Financial Services Company reduces job architecture by 30% with Lightcast

Lightcast partnered with a fortune 500 financial services company that sought to transform its workforce decisions. The customer's challenge involved having a complex and outdated job architecture that could not provide meaningful skills insights. The company aimed to foster a market-led approach to talent planning, use external labor market data, and empower employees in their careers.

The solution from Lightcast involved a five-step process. This included creating a strategic roadmap, simplifying the job architecture using the Lightcast Occupation Taxonomy, and building a common skills language with the Talent Transform solution integrated into Workday. The results were a 30% consolidation of the job framework and a unified skills ecosystem. Lightcast enabled the company to make more agile, data-driven workforce decisions powered by real-time labor market intelligence from its Talent Analyst platform.