Leadership in the modern workplace is shifting, and embracing a skills-based approach is crucial for businesses looking to thrive. Josh Tarr, the Director of Skills-Based Organisation at Workday, discusses the transformation of HR strategies into practical business advantages through a focus on skills.
Key Points
- 81% of global leaders believe skills-based strategies drive growth.
- Over half of organisations have begun transitioning to a skills-based approach.
- Workday’s transformation involved mapping jobs to critical skills and utilising AI for skills assessment.
- Internal gig programmes at Workday have increased employee mobility and reduced attrition rates.
- Implementing skills-based hiring practices led to a decrease in the time to fill roles and improved offer acceptance rates.
Why should I read this?
This article dives into how focusing on skills isn’t just an HR trend but a pivotal business strategy for success. As the workplace evolves, understanding the practical implications of skills-based approaches can save you a hefty amount of trial and error. Whether you’re an HR professional or a business leader, grasping these insights can help you stay ahead of the curve!
