Traditional vs Skills-based talent management
The shift to skills as the new workforce operating system is well underway making room for skills-based talent management. How about the traditional talent management approach? Why doesn't it work anymore in today's world? ??
In this edition of the People Leaders newsletter, we explore the key benefits of skills-based talent management and guide you step by step on how skills yield better outcomes when it comes to talent acquisition and planning, employee development, performance, and succession planning. We're also exploring the?differences between skills and competencies, which are the foundation of modern talent management.
Enjoy the reading!??
?? Picked From Our Library
Driving Business Performance with Skills-Based Talent Management
The shift to skills-based talent management is a natural evolution in a world of work where skills are quickly becoming the new currency when identifying, assessing, developing, and retaining talent.
Skills vs Competencies: Key Differences and Why They Matter
Both competencies and skills are important and play a crucial role in the overall performance and development of an employee or organization. But when compared with competencies, skills are more flexible, transferable (especially soft skills), and easier to measure and define.
?? Tips from HR Superstars
We hope this new column has already become a habit and that it provides helpful tips from other HR peers like yourself. In this edition, we've found useful Megan Nail's post highlighting the shift toward skills and competencies as the basis for compensating as well as attracting and retaining top talent.
Megan Nail is a Human Resources Leader and Advocate and Compensation Consultant, with over 16 years of experience as a volunteer leader at the Society for Human Resource Management (SHRM).
?? Hand-picked articles we loved
Forbes: From Jobs to Skills: What the Future of Work Will Look Like
The skills-based organization is a natural evolution of well-established workplace trends, such as agile work methodologies, cross-disciplinary teams, and matrix management where unit leaders are able to influence the behavior of people on adjacent teams to achieve a common goal.
领英推荐
Deloitte: Skills-Based Talent Strategies Part 2
The skills-based organization turns talent management on its head, redefining and reimagining every talent practice to be based more on skills than on jobs, and setting a new direction for the future of work.
Indeed: Competency vs. Skill Matrix: Definitions and Differences
Depending on the role they're hiring and their expectations, employers may require a skills-based or competency-based approach from candidates. Understanding the difference between a competency vs skill matrix may affect how they approach job reach and recruitment.
WEF: Here’s How to Implement a Skills-First Approach to Workforce Development
A skills-first approach aims to increase agility, requiring leaders to look beyond resumes and established career paths. Employers will need a unified language around skills, a supportive company culture, and innovative technology to make the transition to a skills-first approach.
???In the Spotlight
Bogdan Apostol, CEO and Co-founder of Nestor:?Interview in the Authority Magazine
Bogdan Apostol provides insightful thoughts on effective ways to identify and retain the right talent while giving a glimpse into our future projects at Nestor and some "backstory" insights about his career path in a recent interview with Finn Bartram for the Authority Magazine.
Here's a sneak peek at some of the highlights shared by our CEO in the interview:
"Unlocking the power of skills to match people with new projects or jobs within the company and revealing non-linear career paths has become a business imperative."
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Sales and Marketing Manager, Splat Training | Promoting being daft in business ?? Facilitating first aid & health & safety training through play ?? Helping people save lives ?
1 年Really important topic!
Compensation Consultant - Human Resources Leader and Advocate - Enhancing Total Rewards for Top Talent - Professional Speaker - SHRM Volunteer Leader
1 年Thank you for sharing and including my thoughts!
The traditional versus skills-based talent management debate is undoubtedly a hot topic in today's dynamic work environment. However, as talent management evolves, it is essential to strike a balance between skills and culture fit. While skills are vital, finding individuals who align with the organisation's values and vision can foster collaboration, enhance engagement, and contribute to a thriving work environment. One example is leveraging behavioral assessments and incorporating cultural fit assessments during the hiring process. Good Read!
The Transformationist??Managing Director | Leadership Coach | Speaker
1 年Amazing insight and language given to a much needed discussion ???? Thank you!