Transform your workforce through skills-based talent practices
Transform your workforce with skills-based talent management. Reinvent your talent and reward programs with a focus on skills.
Challenges
- We struggle to identify current bench strength and skills gaps to inform skills-based hiring.
- We’re working to restructure jobs around automation.
- Learning and development investments aligned with skills-based talent management are difficult for us to prioritize.
- We want to offer flexible careers across the organization.
How do leading companies reinvent for skills-based talent management?
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Strategic workforce planning
Apply internal and external supply-and-demand skills research data for enhanced insights and redefined talent/skills pools. -
Reskilling
Accelerate reskilling with targeted and personalized skills-based learning pathways and enhanced assessment capability, eliminating laborious current-state analysis. -
Skills assessment
Measure skills and capabilities objectively for talent acquisitions, development, succession or a broader people strategy based on your skills framework. -
Pay for skills
Invest in future skills, and reinvent pay programs with AI-enabled pay decisions based on skill demand, supply and criticality. -
Performance management
Agile environments require rapid, multisourced performance feedback and assessment to enable targeting of skill proficiency and development activities. -
Career development/ pathing
Enable employee ownership of careers through skill mapping and adjacencies, which shine a light on actionable career paths.
The #2 HR priority for 2022 is to design talent processes around skills.
Is your organization ready for skills-based talent management?
Take this diagnostic to assess the maturity of skills structures and reskilling processes in your organization Identify areas for opportunities, and get instant advice on next steps.
Skills-based talent practices continuum
Looking at the workforce through a skills lens leads to increased flexibility
When we compare companies further forward on the journey we do see some differences in mindset and culture
- there is more fluidity in the organizations
- there are examples of moving mid-career and not stepping back
- there is an urgency to bring diverse skills together to solve a problem
However, most organizations are not in a position to fully embrace such a model or to enable it across the full employee population.
The reason being is that many employers’ structures and processes fall on the left side of the screen.
- The traditional employer typically has narrow job definitions, and the work one is asked to perform is not likely to go beyond the duties and responsibilities outlined in the JD. The employee in this environment view their career as a ladder, anticipating moving up in the same team.
- Evolving and leading companies have fostered a more flexible environment where skills are a consideration in work assignments, and when employees think about their career, they understand that both vertical and horizontal movement is valuable – and they are empowered to take the wheel on their own career journey.
- Future focused environments have adopted agile principles in how they organize teams and flow to the work based on their specific skills.
The above is often facilitated by a Talent Marketplace platform
A transformation from jobs to skills though needs an understanding of skills.
And for some of the most sophisticated a way to value skills based on market availability, strategic relevance and price. But attaining this change is hard because we live in a world defined by jobs and experience. Unpicking this in a mature organization can be tough – but the rewards are significant.
- 1 Skills Pricer
- 2 Skills Library
Skills Pricer is a self-service web application that reports which skills influence the pay of a selected job, as well as assigning a value to those skills. Additionally Skills Pricer allows you to customize a benchmark job to reflect your own unique skills mix, and see how that impacts on pay for the new role.
Incorporate skills into your talent strategy quickly and easily with Mercer Skills Library
Skills Library offers a rapid short-cut to deploying a skills taxonomy that is based on market data — the first step in adding skills to your organization’s pay strategy.