Case Study: AGCO achieves $2.9M in savings and lower turnover with Phenom AI Skills Mapping

AGCO Corporation projects $2.9M in savings with Phenom AI skills mapping

AGCO Corporation, a farm equipment manufacturer focused on technological innovation, faced the challenge of mapping employee skills and planning its workforce amidst an industry downturn and a company-wide hiring freeze. Their manual process of analyzing skills using Excel spreadsheets was unsustainable and time-consuming, taking six hours per job role. AGCO turned to vendor Phenom to implement its AI-powered Workforce Intelligence and Talent Marketplace to automate this process and become a skills-based organization.

By implementing Phenom's platform, AGCO automated its skills mapping, saving managers six hours per analysis and providing employees with more targeted learning recommendations. This reduced unnecessary learning hours by five per employee annually. Phenom's solution helped AGCO build a business case that projected significant savings: $2.9 million over two to five years by upskilling and redeploying talent instead of hiring new people, alongside a 15% reduction in employee turnover due to increased engagement.

AGCO Corporation