An executive summary of an article published by LHH
What gives a candidate the edge over others? Is it a fancy degree? A CV with an endless list of Fortune 500 companies?
Experts are now suggesting there may be a shift in hiring, focusing on potential instead of pedigree.
Skills are an increasingly crucial indicator of talent according to HR leaders, who say that skills and creativity will be vital to their recruitment efforts over the next 20 years.
Skills-based hiring is the next big thing but it’s more than just a trend, it’s a fundamental shift towards better, more equitable hiring that puts the right job opportunities in front of the right people.
It’s exactly what it sounds like, prioritizing a candidate’s skills over their qualifications or employment history.
A skills-first approach means employers can equitably assess more diverse experiences and hire people who have previously been left out in the cold.
Skills-based methods recognize the reality that not everyone has the time or means to pursue education, but it doesn’t invalidate degrees: it makes it easier for everyone to find their perfect job by encouraging employers to look at a greater variety of data points.
One way that employers are implementing skills-based hiring is by dropping the requirement for a degree from their job adverts.
Skills-based hiring isn’t being adopted fast enough to keep pace with changes in the labor market, according to research published by General Assembly.
Just 23% have updated their requirements to provide more opportunities for candidates from non-traditional hiring pools.
Employers risk missing out on the talent of tomorrow if they don’t implement skills-based hiring, and the ones that are doing so are reaping the benefits.
Around 40% of hiring professionals on LinkedIn are using skills data to identify candidates, up 20% year-on-year, and they’re 60% more likely to fill a role vacancy than those not using skills data.
Skills are becoming the new currency of the employment market.
A tight labor market and the coronavirus pandemic stimulated a shift towards skills-based hiring over traditional practices but that momentum needs to be maintained if employers are going to surmount the challenges of the employment market.
A more equitable, more productive future is possible, and skills-based hiring can help to create it.
ABOUT JEFF ALTMAN, THE BIG GAME HUNTER
People hire Jeff Altman, The Big Game Hunter to provide No BS Career Advice globally because he makes many things in peoples’ careers easier. Those things can involve job search, hiring more effectively, managing and leading better, career transition, as well as advice about resolving workplace issues.
He is the host of “No BS Job Search Advice Radio,” the #1 podcast in iTunes for job search with over 2900 episodes.
You will find great info to help with your job search at my new site, JobSearch.Community Besides the video courses, books and guides, I answer questions from members daily about their job search. Leave job search questions and I will respond daily. Become an Insider+ member and you get everything you’d get as an Insider PLUS you can get me on Zoom calls to get questions answered. Become an Insider Premium member and we do individual and group coaching.
Also, subscribe to JobSearchTV.com on YouTube and No BS Job Search Advice Radio, the #1 podcast for job search with more than 2900 episodes over 12+ years.in Apple Podcast, Spotify, Google Play, Amazon Music and almost anywhere you listen or watch podcasts.
You can also have your #jobsearchquestions answered Tuesdays at noon Eastern. Search for Career Coach Office Hours on LinkedIn and mark that you’re attending. You’ll have access to the recording if you miss it live.
