The Skills Revolution Is Here: Transforming Organizational Growth by Leveraging Internal Talent
There was a time not that long ago, when the career you picked and the job you were hired for determined your future professional path. In other words your job was your destiny.
In 2014, I wrote a best-selling book called The Future Of Work which predicted a lot of what we are seeing unfold in today’s corporate world. One of those predictions was around the idea that skills are greater than jobs. Meaning that one day, organizations around the world would pay much more attention to the skills that employees have and how those skills can be applied to different jobs inside of an organization.
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This in turn would solve a huge talent problem for organizations, namely finding qualified candidates for roles, training them quickly, and making sure the employees are a good fit for the company.
Traditional hiring practices often involve seeking external candidates who meet specific job descriptions. This approach not only limits the pool of potential applicants but also overlooks the talent sitting within the organization. Organizations are now realizing that the key to talent and a big part of the future of work is internal talent mobility focused on skills.
For example, consider a scenario where a company needs to downsize its customer experience team due to automation but simultaneously seeks to expand its marketing department. The conventional strategy would involve laying off the customer experience team while at the same time hiring new employees for the marketing team. This not only increases recruitment costs but also loses the valuable organizational knowledge and experience these employees hold. This is an outdated way to think about talent.
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