Talent Dynamics 2023: The Core Of Talent Planning Will Be Skills

Workforce planning won't be possible in a talent data silo in 2023. Instead, to properly comprehend the evolution of roles and abilities they will need to maintain competitiveness, companies need a deeper awareness of the skills their present employees hold and the skills that are trending in the market.

Organizations must reconsider their most basic talent initiatives over the entire employee life cycle to implement skills-driven workforce planning.

Organizations must be more flexible with their talent strategy to adjust quickly to shifting economic conditions.

By switching from traditional job-based to skills-based workforce planning, firms may manage their workforces proactively rather than reactively. 

Here's how to deconstruct work into skills, including upskilling in a comprehensive talent plan, and leverage holistic skills intelligence.

Align hiring with retraining and skill development

Employers have a new framework for skills-driven workforce planning to address enduring talent concerns, including budget cuts and labor shortages. 

Finding a balanced talent strategy that hires outside talent and upskills current workers to meet skills gaps is becoming increasingly important. 

Employers must provide an opportunity for staff to advance their skills. Online courses, mentorships, and "learn by doing" initiatives can all fall under this category.

Researchers offer the following tips to assist talent teams as they embark on this journey:

See the change as an evolution rather than a revolution. 

It is advisable to start modestly and broaden the practice as it gains acceptance and experiences early results.

When trying to get others' support, explain "why."

It requires a change in human processes at a systemic level for the shift. Provide the value proposition and business case for the investment before anything else.

Identify organizational problems. 

Find areas with a strong commercial rationale for exploring beyond one-to-one hiring as a skills-gap remedy.

Let data drive the transition.

It might be up to HR departments to guide their organizations through this evolution of capabilities. The good news is that AI-powered talent intelligence tool such as Draup for Talent, can take care of every move in your tasks. 

Talent intelligence makes sense of complex data practically. It can assist HR executives in determining the market availability of skills, evaluating the skills of present employees, and predicting the skills they will require in the future. 

Lastly, this data-driven strategy will enable HR directors to make smarter, more strategic talent decisions. 

Talent teams will also need to develop the ability to use data to solve business problems to accomplish this because of this, upskilling and reskilling are now necessary for all employees, including HR teams.