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What are the benefits of measuring employee skills data?

By | David Green | Co-Author of Excellence in People Analytics | People Analytics leader | Director, Insight222 & | Conference speaker | Host, Digital HR Leaders Podcast

You are responsible for your own career. But in an organisation, the organisation needs to support employees with knowing what skills they have right now and where they can grow to

By 2025 50% of all employees will need to be reskilled, according to the World Economic Forum’s Future of Jobs 2020 research. The same study predicts 97m new jobs will emerge and 85m will be displaced by a shift in labour between humans and machines. Most commentators believe that the pandemic has only accelerated this progress.

It is not surprising therefore that skill availability is high on the CEO’s agenda. Recent research by McKinsey highlights that 79% of CEO’s are concerned about skill availability impacting innovation, cost, quality and growth.

My guest on this week’s episode is Rick van Echtelt, founder and CEO at AG5. Through their software, the mission at AG5 is simple: to visualize and close skills gaps. Rick and his team do this by essentially providing an accounting system for skills, which maps current skills, tracks progress towards learning new skills and identifies the missing skills needed to get future proof the organisation.

You can listen by clicking on the image below or by visiting the podcast website here

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 In our conversation Rick and I discuss:

  • The challenges involved in getting a handle on skills data: Including i) accessing data (“The challenge is that skills data is, most of the time, in different systems”), ii) increasing complexity (“Requirements are getting more and more complicated with regards to skills”), and multiple uses cases including needing skills data for auditing, learning and development, workforce planning and workforce scheduling.

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