Elevate Your AIQ

Bob Pulver speaks with Jeff Wellstead, Founder and CEO of Big Bear Partners, an HR consultancy based in the UK. Jeff has had an extensive career in HR, now with a particular focus on growth-stage tech startups. He shares his journey of reinventing HR practices, the challenges of AI adoption in mid-sized companies, and the importance of building skills-based organizations. Bob and Jeff talk about the evolving role of HR in the context of performance assessment, data-driven decision-making, and the integration of AI technologies. Bob and Jeff also explore how organizations can leverage skills taxonomies and AI agents to enhance workforce planning, scenario planning, and overall talent management. The discussion emphasizes the importance of adapting to technological advancements while maintaining a focus on human interaction and support within HR functions.

Keywords

AI, HR, skills-based organizations, talent management, technology adoption, Jeff Wellstead, human resources, skills taxonomy, mid-sized companies, startup culture, HR, AI, workforce planning, performance assessment, skills taxonomy, talent intelligence, scenario planning, data-driven decision making, digital footprint, organizational change

Takeaways

• Jeff Wellstead has over 35 years of experience in HR, primarily in tech startups.


• He believes traditional HR practices need to be reinvented for modern workplaces.


• AI adoption in HR is still low, especially among mid-sized companies.


• Skills-based organizations focus on competencies rather than traditional job titles.


• AI can help create a skills taxonomy to better assess employee capabilities.


• AI is transforming how organizations manage talent and skills development.


• The integration of AI can lead to personalized learning and development paths.


• Companies need to be agile in adapting to new technologies and practices.


• Proper data is essential for making informed decisions about employee careers.


• Data-driven decision-making can significantly enhance HR processes.


• AI can transform workforce planning and talent management.


• Scenario planning is essential for anticipating workforce gaps.


• AI agents can streamline HR functions and improve efficiency.


• HR professionals must adapt to the changing landscape of AI.


• The future of HR will involve a blend of technology and human interaction.


• HR must focus on coaching and development as AI takes over routine tasks.

Sound Bites

• "I'm not a big fan of traditional legacy HR."


• "I got to reinvent HR from scratch."


• "We need to rethink traditional roles and job titles."


• "AI can help create an intelligence skills taxonomy."


• "We need the right people in the right seats."


• "AI is actually much easier than it's ever been."


• "Don't be complacent in what you're doing."

Chapters

00:00 Introduction to Jeff Wellstead's Journey

02:56 Reinventing HR in Tech Startups

05:53 The Challenges of AI Adoption in HR

09:02 Building Skills-Based Organizations

11:58 The Importance of Skills Taxonomy

15:10 Leveraging AI for Talent Management

18:07 Navigating Skills Gaps and Future Roles

26:29 Performance Assessment and Digital Footprints

27:33 Data-Driven Decision Making in HR

29:53 The Role of AI in Workforce Planning

32:35 Scenario Planning and Skills Taxonomy

35:11 AI Agents and Talent Intelligence

38:25 AI's Impact on HR Roles and Responsibilities

43:41 The Future of HR with AI

Jeff Wellstead: http://uk.linkedin.com/in/jrwellstead/

Big Bear Partners: http://www.bigbearpartners.com

For advisory work and marketing inquiries:

Bob Pulver: https://linkedin.com/in/bobpulver

Elevate Your AIQ: https://elevateyouraiq.com

Thanks to Warden AI (https://warden-ai.com) for their sponsorship and support of the show! Warden is an AI assurance platform for HR technology to demonstrate AI-powered solutions are fair, compliant and trustworthy.