hrtech’s Post

The half-life of a skill is now 2.5 years according to some estimates. So it makes sense we’re seeing a rising interest in talent density. {from ReWorked} #talentdevelopment #buildingplacespeoplewanttowork #talentdensity #futureofwork

𝐓𝐡𝐞 2024 𝐑𝐚𝐧𝐝𝐬𝐭𝐚𝐝 𝐓𝐚𝐥𝐞𝐧𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐫𝐞𝐯𝐞𝐚𝐥𝐬 𝐚 𝐜𝐨𝐧𝐜𝐞𝐫𝐧𝐢𝐧𝐠 𝐭𝐫𝐞𝐧𝐝: 72% of global leaders believe the skills gap will significantly impact their businesses. This year, competition for niche skills intensifies, prompting a shift towards skills-based hiring. Companies increasingly use AI to match skills with career opportunities, enhancing recruitment and employee satisfaction. This approach tackles the skills shortage and supports more inclusive hiring practices. Read the full insights below on how leaders adapt to these challenges. https://lnkd.in/gyR4FCVC #HRLeadership #SkillsGap #TalentManagement #FutureOfWork

Can your workforce strategy adapt to the changing needs of your organization? "...Businesses need to rethink how they structure roles, hire new talent, and develop their teams, pivoting to become more of a skills-based organization. The goal is to build a workforce that is agile enough to adapt to future needs. "Aligning long-term goals with talent initiatives ensures that every aspect of your workforce strategy contributes to business success, bridging the skills gaps and preparing for future opportunities..." (Source: https://lnkd.in/gapq5BUr) #futureofwork #skillsgap #talentinitiatives #skillsbased #hiringstrategies #talentacquisition #talentretention #longtermgoals

🧑💻 Workforce transformation Here's one interesting read on the strategies businesses plan to use, across the 2023-2027 timeframe.... to get some insights as well as some inspiration & ideas 🔎 One of the "stops" I made 👇 "The skills that companies report to be increasing in importance the fastest are not always reflected in corporate upskilling strategies." Would be good to learn about why there is a gap...🤔 Happy to exchange thoughts & experiences on this in the comments 🙋♀️ #worldofwork #strategies #corporate

More on the topic of how putting skills at the center of workforce strategy is creating major advantages for early adopters. It’s not just what our workforces want, but what it will take to ensure our organizations have the agility and resilience to thrive in a rapidly evolving landscape.

In the face of talent shortages, the growing need for specialized skills, and candidates seeking meaningful work, the imperative for organizations to evolve has never been greater. Moving towards a skills-based organization involves more than just hiring based on skills; it necessitates a fundamental shift in organizational culture that prioritizes innovation and places skills at the core of every strategic decision. For executives and HR professionals, our latest guidebook offers insights into: ✅ Key Pillars of Skills-Based Organizations ✅ The Impact and Advantages ✅ Strategies for Cultivation ✅ Enhancing a Skills-First Culture Through Strategic Partnerships Access the guide now: https://bit.ly/3PequND #FutureOfWork #SkillsBasedOrganizations #InnovationInHR

🌟Workforce Skills Gap Trends 2024: Survey Report🌟 “Springboard surveyed over 1,000 corporate professionals working at companies with at least 5,000 employees to understand where their workforce transformation priorities lie, how #skillgaps are thwarting progress, and what employees are most eager to learn.” In reading this article, I came across a statistic that said 70% of leaders believe “there is a lack of skills (i.e. skills gap) at your company that's negatively impacting business performance”. In response, these were the most common solutions. #Learninganddevelopment is more critical than ever. In #upskilling, #reskilling, and even hiring new talent. How do you plan to address this issues in your organization? Thanks to Michelle T. who shared this article :)

🔍 Curious about preparing your workforce for the future of work in a digital age? If you are, you're not alone! 👉 LHH's recent Global Workforce of the Future report reveals that 50% of workers believe it's their employers' responsibility to upskill and reskill them for a digital future. This statistic might seem overwhelming, but it underscores the tremendous benefits of talent attraction and retention that come with implementing upskilling programs. At the SHRM 2024 Annual Conference, LHH colleagues Christine Castaeda, Gretchen Jacobi, and Tisha Danehl explored how digitization is reshaping the skills agenda and revolutionizing talent acquisition strategies. Some key takeaways: 🗝️ The significance of skills-based hiring and employee development. 🗝️ Insights from LHH's Global Workforce of the Future report, "The Great Potential." 🗝️ How expanding the candidate pool can provide organizations with a competitive advantage. Missed the session? No worries! Get a comprehensive overview here:

🔍 Curious about preparing your workforce for the future of work in a digital age? If you are, you're not alone! 👉 LHH's recent Global Workforce of the Future report reveals that 50% of workers believe it's their employers' responsibility to upskill and reskill them for a digital future. This statistic might seem overwhelming, but it underscores the tremendous benefits of talent attraction and retention that come with implementing upskilling programs. At the SHRM 2024 Annual Conference, LHH colleagues Christine Castaeda, Gretchen Jacobi, and Tisha Danehl explored how digitization is reshaping the skills agenda and revolutionizing talent acquisition strategies. Some key takeaways: 🗝️ The significance of skills-based hiring and employee development. 🗝️ Insights from LHH's Global Workforce of the Future report, "The Great Potential." 🗝️ How expanding the candidate pool can provide organizations with a competitive advantage. Missed the session? No worries! Get a comprehensive overview here:

🔍 Curious about preparing your workforce for the future of work in a digital age? If you are, you're not alone! 👉 LHH's recent Global Workforce of the Future report reveals that 50% of workers believe it's their employers' responsibility to upskill and reskill them for a digital future. This statistic might seem overwhelming, but it underscores the tremendous benefits of talent attraction and retention that come with implementing upskilling programs. At the SHRM 2024 Annual Conference, LHH colleagues Christine Castaeda, Gretchen Jacobi, and Tisha Danehl explored how digitization is reshaping the skills agenda and revolutionizing talent acquisition strategies. Some key takeaways: 🗝️ The significance of skills-based hiring and employee development. 🗝️ Insights from LHH's Global Workforce of the Future report, "The Great Potential." 🗝️ How expanding the candidate pool can provide organizations with a competitive advantage. Missed the session? No worries! Get a comprehensive overview here: