Webinar: How to Activate a Skill-Based Workforce Approach

Developing a skills-based approach is becoming increasingly important for executives, considering  Deloitte found 98% of business executives say they plan on moving to a skills-based approach, and over 20% of organizations are making major changes to align with this approach. In December 2022, Talent Tech Labs hosted a webinar on this exciting topic of skill-based workforce development with Rana Fatima, Talent Management Research Analyst at TTL, and Scott Hunter, VP of Sales at TTL.

Webinar Highlights

In this webinar Rana Fatima and Scott Hunter took the opportunity to unpack the methodologies necessary for a successful skill-first workforce approach. Watch the replay here.

Agenda

• The Journey to a Skill-Based Approach

• Common Challenges with Skills-Based Approaches

• An Introduction to Skills

• An Ideal Skills Strategy

• The Checklist

• Vendor Considerations

• How does TTL help?

Their enlightening and productive conversation provides the audience with:

• Insights from industry experts on leveraging your technology in new ways

• Knowledge of new strategies for creating a workforce built for change

• An understanding of the evolution of internal talent marketplaces

• Helpful guidance for gaining internal buy-in

Skill-Based Workforce Development Stats

• 87% of professionals see skills gaps in their company. (Source)

• 64% of companies agree that skills testing initiates faster candidate screening. (Source)

• Companies that follow skill-based workforce development practices experience a 1% to 2% increase in revenue for every 10% increase in intersectional gender equity. (Source)

• 82% of companies use some form of the pre-employment assessment test. (Source)

• Companies using pre-employment skills assessments report a 39% lower turnover. (Source)

• 77% of business executives agree their organization should help their workers become more employable with relevant skills. (Source)

• Only 5% of executives strongly agree they are investing enough in helping people learn new skills to keep up with the changing world of work. (Source)

• Only 14% of business executives strongly agree that their organization is using the workforce’s skills and capabilities to their fullest potential. (Source)

• 75% of executives and workers alike say skills-based pay and transparency regarding what skills are worth would be a positive development. (Source)

• 93% of employers term soft skills as either “very important” or “essential.” (Source)

• 55% of CFOs agreed that the greatest challenge of hiring professionals in accountancy is how to choose a candidate with the right soft skills. (Source)

• Only 31% of employers actually provide soft skill development training to their employees. (Source)