What Is Skills Based Compensation? A Modern Approach to pay

Categories
Pay Transparency, Skills

Imagine two employees doing the same job — one brings a broader skill set, contributes to multiple functions, and adapts quickly to new challenges. Shouldn’t their compensation reflect that? This is where skills based pay comes into play — a progressive pay model that rewards employees not just for the job they hold, but for […]

Building Skills-Based Pay Bands (with Examples)

Categories
Pay Transparency, Skills

In today’s rapidly evolving workforce, pay structures can no longer rely solely on traditional measures like job titles or tenure. Companies are increasingly recognizing that rewarding employees for their actual skills (not just their positions) creates more flexibility, fairness, and motivation. This is where skill based pay bands come into play. By linking compensation to […]

Using Workforce Planning Tools to Close Skill Gaps

Categories
Productivity, Skills

Did you know that over 70% of employers worldwide report facing a shortage of critical skills within their workforce? This growing challenge highlights a key issue: traditional hiring and training methods are not enough to keep pace with today’s rapidly changing business landscape. That’s where workforce planning tools come into play. In this article, we’ll […]

How to Conduct a Skill Gap Analysis (Step-by-Step)

Categories
Corporate Sustainability, Skills

Did you know that 87% of companies worldwide admit they either already have a skill gap or expect to face one within the next five years? This issue directly affects productivity, innovation, and employee retention. That’s where skill gap analysis becomes a powerful tool. A skill gap analysis helps organizations identify the difference between the […]

Benefits of Skill-Based Hiring for Employers and Candidates

Categories
AI and HR, Business, Skills

Have you ever wondered how many talented people are overlooked simply because their résumés don’t fit the traditional mold? In today’s fast-changing job market, employers are realizing that degrees and job titles don’t always guarantee success. This is where the benefits of skill-based hiring come into play. Skill-based hiring, also called skills-first hiring, focuses on […]

Skill-Based Hiring: A Complete Guide to Skills-First Talent Acquisition

Categories
HR NEWS, Skills

Imagine rejecting a brilliant candidate just because they don’t have a degree—only to see them excel at a competitor’s company. This is the problem traditional hiring creates, and why skill-based hiring has become a game-changer in modern talent acquisition. Instead of focusing on degrees, job titles, or years of experience, skill-based hiring emphasizes what truly […]

The Culture Fit Dilemma: Why Hiring for Skills Alone Isn’t Enough

Categories
Culture fit, Recruitment, Skills

Recruiting has always been about finding the right person for the right job—but what defines “right” has evolved. For decades, technical expertise and professional experience were the dominant hiring criteria. Yet in today’s fast-changing workplace, hiring success requires more than just resumes filled with impressive qualifications. Companies increasingly recognize that cultural fit—the alignment between an […]

Skills Mapping vs. Job Descriptions: A Smarter Way to Plan

Categories
Corporate Sustainability, Opportunities, Productivity, Skills

In an era where organizational agility and employee empowerment are paramount, traditional job descriptions can feel like relics of the past. While they offer structure and clarity, they often fall short in addressing the continuous evolution of skills and career paths. Enter skills mapping—a dynamic, forward-thinking approach that complements and, in many cases, outperforms conventional […]

Why workforce planning fails without skills data?

Categories
Enterprise-level Information, Opportunities, Productivity, Skills

Workforce planning lies at the heart of organizational success. When done right, it ensures that the right people with the right skills are in the right place at the right time. Yet, despite its critical importance, many companies struggle to execute effective workforce planning. One of the most common—and avoidable—pitfalls is the absence of accurate […]

A Boardroom Priority: The Next Material Risk

Categories
AI and HR, Corporate Sustainability, Enterprise-level Information, Future of Work, Pay Transparency, Skills, Sustainable Workforce

As artificial intelligence reshapes industries, climate imperatives redefine business models, and global talent shortages intensify, one risk is becoming impossible to ignore — the growing skills gap. This is no longer a siloed HR issue. The inability to understand, plan for, and invest in future workforce capabilities has become a strategic risk — one that […]

The Link Between Internal Mobility and Employee Retention

Categories
Enterprise-level Information, Matching, Productivity, Skills

In today’s strong economy, talent is the lifeblood of an organization. While companies invest significant resources into luring new talent, one of the most potent levers for keeping skilled individuals is also within: internal mobility. When staff perceive clear channels for development—whether by promotion, cross-functional role, or sideways move—they become more engaged, more loyal, and […]