The SHRM Foundation has just unveiled the Center for a Skills First Future, an ambitious platform aimed at transforming hiring practices and enhancing talent development through a skills-first approach. This initiative is a direct response to modern workforce challenges and aims to unlock hidden talent pools while optimising hiring outcomes for employers.
Key Points
- The center will provide tools and resources to promote skills-first hiring and talent development.
- Over half of job descriptions still require a four-year degree, even though many qualified candidates lack one.
- 77% of HR professionals face challenges in filling full-time positions.
- The initiative claims to reduce hiring costs by up to 30% and turnover rates by more than 40%.
- Core components of the centre include a Skills Action Planner, Resource Library, Skills First Credential program, and a Vendor Database.
Why should I read this?
If you’re curious about the future of hiring and how to tap into new pools of talent, this article is a must-read! The SHRM Foundation is taking significant steps to reshape the workforce landscape, making it more inclusive and effective. By exploring these initiatives, you’ll understand how skills-first practices not only benefit organisations but also create opportunities for a broader range of candidates. Don’t get left behind – dive right in!