Mastering Skills-Based Learning: Tech Accelerating the Shift for Quicker and More Rewarding Results

In workplaces worldwide, a seismic shift is underway, placing skills at the forefront above job roles, experiences, and qualifications. After decades of grappling with talent shortages and widening skills gaps, HR leaders are awakening to the realisation that outdated L&D and hiring practices are no longer sufficient.

A growing number of organisations are pivoting towards a skills-first strategy to meet the evolving needs of businesses and employees alike. The rationale behind this shift is crystal clear: Organisations adopting a skills-based approach are far more likely to retain high-performing employees, surpass financial targets, and enhance diversity, productivity, and employee engagement.

Yet, beyond these immediate benefits lies the broader impact of addressing the escalating skills gap. Gartner data underscores the urgency, indicating that the number of skills required for a single job grows annually, with many previously deemed essential becoming obsolete. By prioritising skills, companies can proactively navigate and even lead this rapid pace of change.

However, despite mounting interest and the pressing nature of the skills crisis, many organisations remain hesitant to make the switch. In reality, only a mere fraction have embraced this approach. The primary stumbling block? A lack of direction on where to commence.

Skills-Based Learning: A Gateway to Transformation

While a skills-based approach isn’t novel, recent advancements in AI technology have propelled it into the spotlight. AI and automation, dynamically reshaping the labour market, have spurred CHROs to seek innovative solutions to stay ahead. Skills-based learning emerges as a pivotal entry point for organisations embarking on their skills-first journey, offering team buy-in and technological feasibility.

Harnessing the Power of Skills-Based Tech

AI-powered skills technology facilitates the mapping and benchmarking of skills, aiding organisations in developing insightful ontologies and mapping personalised career trajectories for employees. This empowers organisations to monitor the availability of in-demand skills, establish internal skills marketplaces, and cultivate robust internal talent pools.

Moreover, it underscores the company’s commitment to individual professional growth, a factor crucial for enhancing motivation and employee satisfaction. Dynamic and up-to-date skill mapping provided by AI platforms ensures accuracy, aiding organisations in closing skills and diversity gaps while bolstering employee retention.

Greater Visibility into Value

Switching to skills-based learning holds economic benefits and fosters employee engagement and performance. Unlike legacy learning tech, which often goes unutilised or despised by employees, AI-powered skills tools elevate engagement and performance.

Furthermore, these tools offer enhanced tracking capabilities, pinpointing skills gaps and monitoring progress against key business objectives. When coupled with AI-powered collaborative learning, course completion rates and engagement soar, empowering companies to swiftly identify areas for improvement and tailor courses to meet learners’ needs.

Harnessing Technological Change

While technological advancements have exacerbated the labour conundrum, the savvy application of skills-based AI presents a solution. It addresses talent shortages by rapidly upskilling and reskilling individuals while democratising access to high-quality learning opportunities.

Moreover, it meets the burgeoning demand for personalisation in today’s workforce, positioning skills-based learning as a vital competitive advantage. Indeed, skills-based learning is the gateway to unlocking this advantage, with AI-powered technology holding the key to its realisation.

In essence, mastering skills-based learning isn’t merely a luxury—it’s a strategic imperative. As organisations navigate the complexities of the modern workforce, embracing technology-driven skills strategies paves the path to success, empowering individuals and businesses to thrive in an ever-evolving landscape.

As a top-rated HR consultancy, WINC HR recognses that one of the major obstacles faced by businesses today is the lack of guidance on how to approach skills-based learning. We understand that it can be challenging to devise a plan that is both effective and practical. However, our team of experts can assist you in building a comprehensive strategy that aligns with your specific goals and objectives.

Our approach involves setting realistic milestones and actionable steps that can help you achieve your desired outcomes. If you require any assistance with skills-based learning, please do not hesitate to get in touch with us today.

Share these insights

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

about the author

Portrait of Karl Wood with circle frame.

Karl Wood is a global HR and employment professional who has an impeccable record in delivering HR solutions for industry leading firms. Known for his characteristic creativity, Karl champions ideas that promote growth, profit and a positive organisational identity.