You Need a Skills-Based Approach to Hiring and Developing Talent

The economic toll of the Covid-19 pandemic is expected to leave more than 140 million people out of work and another 1.6 billion at risk of income loss. Unfortunately, many of the jobs lost simply won’t return. At the same time, certain companies and industries like logistics and manufacturing can’t hire fast enough. Shifting to a skills-focused approach is a viable solution to an evolving workforce dilemma. Evaluating employees and new hires based on their skill sets instead of their work history can help level the playing field — and help companies realize the talent they already have. It also makes talent pools more diverse and often makes hiring more effective. The author offers three ways for companies to upskill and reskill their existing workforce and take a skills-based approach to hiring new employees