The Talent Marketplace: A Skills-based Revolution in HR

According to the World Economic Forum, 50% of all employees will need reskilling by 2025.

Our CEO, Bryan Bostic recently sat down with Reworked, a digital publication covering the r/evolution of work and the transformation of the workplace, to discuss the skill-based revolution that is occurring in HR.

Here is an excerpt from the article:

Employers have long tracked employees (and job candidates) based on education, job title and past position. While these are all "skills adjacent," they don’t tell what employees actually know how to do. And that’s a gap that makes companies less adaptable to change.

In this environment, companies need to know what skills are in high demand, who in their workforce has them, and where training or new hires are needed to stay relevant.

Talent marketplace platforms [like Visual Workforce] make it easier to match people to projects, overcome bias, and create a more inclusive workplace, said Bryan Bostic, CEO of Visual Workforce. “Instead of managers only picking people based on who they know, it lets data drive those decisions,” he said.

The insights gleaned from these profiles also foster a more robust internal mobility program, because hiring managers can find the talent they need in the existing workforce. And when those skills don’t exist, companies can use the data to prioritize training resources and focus their recruiting campaigns.