Fuel50

Oftentimes, when touting the merits of having a skills-based organization, we easily overlook productivity and agility as byproducts. Now that the raging debate is whether employees should work 40 hours a week or less, at Fuel50, we think that the question isn't whether we should work fewer hours.     It's how we can structure our organizations to make those hours as impactful as possible. And the answer lies in becoming truly skills based. For instance, a Kickresume research shows that Europeans work fewer hours than Americans and still come to be more productive. This is simply possible if a certain number of factors are met, and only a skills-based organization can allow that. Here's why the future belongs to skills-based organizations, especially when it comes to maximizing productivity: ⭐ Precision Matching of Skills to Tasks    In a skills-based organization, work is allocated based on specific competencies rather than job titles or availability. This means:  • Tasks are completed more efficiently by those best suited to do them  • Less time is wasted on work that doesn't align with an employee's skillset  • Productivity per hour increases dramatically    ⭐ Continuous Learning and Adaptation    Skills-based organizations prioritize ongoing skill development:  • Employees are constantly upskilling, increasing their value and efficiency  • The workforce becomes more adaptable, able to tackle new challenges quickly  • Less time is spent struggling with unfamiliar tasks or outdated methods    ⭐ Improved Employee Engagement   When employees work on tasks that match their skills and interests:  • They're more engaged and motivated  • Productivity increases naturally, without the need for longer hours  • Innovation and creative problem-solving flourish    ⭐ Agile Resource Allocation    Skills-based organizations can quickly reallocate talent as needs change:  • Projects are staffed more efficiently  • Bottlenecks are reduced or eliminated  • The organization can do more with less, potentially reducing overall work hours    ⭐Focus on Outcomes, Not Hours     By emphasizing skills and results rather than time spent:  • Employees are judged on their output and impact, not their presence  • This encourages efficiency and discourages unnecessary overtime  • Work-life balance improves, leading to happier, more productive employees In a world where the pressure to reduce work hours is mounting, skills-based organizations have a clear advantage.     They're able to maintain or even increase productivity while potentially reducing work hours, creating a win-win situation for both employees and employers. What are your thoughts? And how is your organization approaching this challenge? 

Exciting news! Fuel50 has made it on the 2024 Fosway Group's 9-Grid™ for Talent & People Success, and we're thrilled to be recognized as a Strategic Challenger! Here's why we're pumped about this: ⭐ Strategic Challenger status: We're in great company among some of the biggest names in HR tech. Being a "Challenger" is in our DNA - we've always pushed boundaries in skills intelligence and career development. ⭐ High potential: Fosway sees our capacity for future growth and impact. We're just getting started! ⭐ Lower total cost of ownership: We're delivering value while keeping things cost-effective for our clients. That's a win-win in our book. ⭐ Expanding trajectory: We're on an upward path, continuously innovating and improving. Watch this space! This recognition highlights our innovative approach to skills intelligence, career development, and internal mobility. It reflects our commitment to revolutionizing how organizations approach talent management and skills development. A massive thank you to our amazing clients who've been on this journey with us. Your feedback and partnership have been invaluable. And to our incredible team - this is your win. Your hard work, creativity, and dedication got us here. We're excited to continue helping companies unlock the full potential of their workforce. Onwards and upwards! #Fosway9Grid #TalentTech #SkillsRevolution #FuellingCareers

Our president Jo Mills shared some thought-provoking insights on the HR Tech Podcast (https://lnkd.in/d3H9qWkr): 💡 The skills revolution isn't just coming - it's here. Organizations need to rethink how they approach skills and talent management. 💡 Ethical AI is non-negotiable. As we leverage AI in HR, we must focus on eliminating bias and democratizing opportunities. 💡 The skills gap is widening. Large organizations, especially those with highly skilled workforces, are feeling the pinch most acutely. 💡 Employee experience is key. In addressing the skills crisis, we can't lose sight of individual passions and career aspirations. 💡 Agility is crucial. The ability to understand, map, and rapidly deploy skills across an organization is becoming a major competitive advantage. These challenges aren't just HR problems - they're business problems. And going forward, the organizations that thrive will be those that can effectively harness their collective skills and adapt quickly to change. Want to learn more about Jo and Fuel50's take on the future of work? Here's the podcast link: https://lnkd.in/d3H9qWkr #FutureOfWork #SkillsCrisis #AIinHR #TalentManagement

Today is World Mental Health Day, and at Fuel50, we're passionate about the crucial link between employee mental health and engagement. Here's why prioritizing mental health is essential for every organization: ➡️ Engagement boost: Mentally supported employees are 2-3 times more likely to be highly engaged. ➡️ Productivity powerhouse: Good mental health can increase productivity by up to 12%. ➡️ Retention revolution: Companies prioritizing mental health see a 50% reduction in turnover rates. ➡️ Innovation ignition: Psychologically safe environments foster creativity and innovation. ➡️ Cultural cornerstone: Mental health initiatives create a compassionate, supportive culture that attracts top talent. At Fuel50, we walk the talk. Here's how we support our team's mental well-being: ✨ Refuel days: We offer regular "refuel days" — additional days off for our team to recharge and prioritize their mental health. ✨ Flexible work arrangements: We empower our employees to work in ways that best support their well-being. ✨ Training: Our team receives training on supporting mental health in the workplace. This World Mental Health Day, we challenge organizations to go beyond lip service. Implement robust mental health programs, train managers in emotional intelligence, and create safe spaces for open conversations. Remember, investing in your employees' mental health isn't just the right thing to do—it's a strategic imperative for success in the modern workplace. How is your organization supporting mental health? Share your initiatives, and let's learn from each other. #WorldMentalHealthDay #EmployeeEngagement #WorkplaceMentalHealth #FutureOfWork #mentalhealth

Leapsome's 2024 Workforce Trends Report reveals a challenging landscape for HR: - 85% of HR leaders are under pressure to reduce HR spend/budget  - 72% report increased workloads for their team since last year  - 80% of HR leaders and managers are using AI several times per week, if not daily These statistics point to a clear solution: internal mobility and upskilling are now must-haves, not nice-to-haves.     Here's why:  - Cost-Effective Talent Management: With budget pressures, internal mobility becomes crucial. It's far more cost-effective to develop and move existing talent than to hire externally.  - Doing More with Less: As workloads increase, upskilling employees to take on new responsibilities can help teams manage expanded workloads without additional headcount.  - AI as an Enabler: The high adoption of AI in HR isn't just about automation. It's about using technology to identify skill gaps, match employees to internal opportunities, and personalize learning paths.  - Future-Proofing the Workforce: In a rapidly changing business environment, continuous upskilling ensures your workforce remains adaptable and relevant.  - Retention Through Growth: Offering internal mobility and upskilling opportunities can significantly boost employee retention, reducing the need for costly external hiring. The data is clear: HR teams that prioritize internal mobility and upskilling are better positioned to navigate budget constraints, manage increased workloads, and leverage AI effectively.     These strategies not only address immediate challenges but also build a more agile, skilled, and engaged workforce for the future. How is your organization leveraging internal mobility and upskilling to address these HR challenges? Share your experiences in the comments! 

Ravin Jesuthasan, CFA, FRSA's keynote at #HRTech2024 was a wake-up call for HR leaders. Here's what's keeping us at Fuel50 thinking: 1. The shift from jobs to skills isn't just coming - it's here. Organizations clinging to traditional job structures risk being left behind in our AI-driven, rapidly changing world. 2. Agility is king. The future belongs to organizations that can rapidly redeploy talent based on skills, not rigid job descriptions. This requires a fundamental rethink of how we structure work. 3. HR's role is evolving. We're moving from filling jobs to orchestrating a dynamic skills ecosystem. This demands new tools, new mindsets, and a new HR architecture. 4. The employee value proposition is changing. In a skills-based world, career paths become more fluid. How do we offer growth and stability in this new paradigm? 5. AI isn't just changing the nature of work - it's changing how we identify, develop, and deploy skills across the organization. At Fuel50, we're committed to helping organizations navigate this shift. The future of work is skills-powered, and the time to adapt is now. What's your take on the skills-based revolution? How is your organization preparing? #FutureOfWork #SkillsEconomy #TalentManagement #HR

At #HRTech2024, Yvette Stortz of CVS Health painted a compelling picture of the future of HR: one where skills-based practices and data-driven decisions reign supreme, but never at the expense of the human element. The case for a skills-based approach is strong. Organizations embracing this model are 107% more likely to place talent effectively, 98% more likely to retain high-performers, and 98% more likely to be seen as a great place to grow. But implementing such an approach isn't about overhauling everything overnight. As Stortz emphasized, it's about thinking big, starting small, and moving fast. This journey begins with dynamic skills mapping and continuous learning. It's enriched by AI-driven insights and managed through customized skills libraries. The goal? To create a flexible, adaptive workforce ready for whatever challenges lie ahead. However, the path isn't without obstacles. Today's employees are struggling: 64% say they can't find enough time or energy for work, and 62% feel they're "quiet quitting." This disengagement leads to productivity losses and decreased retention - a clear call for HR to refocus on the employee experience. The solution lies in leveraging technology to unlock the power of skills. We need tools that jumpstart the skills journey, create bespoke skills libraries, and accelerate skills deployment. But technology alone isn't enough. Managers need analytics to drive talent and culture initiatives, improve business outcomes, and fuel financial growth. As we navigate this new landscape, the question for all of us in HR becomes: How can we harness the power of skills and analytics while keeping the human touch at the core of what we do? The organizations that answer this question effectively will be the ones that thrive in the years to come. Well done, Yvette Stortz 👏 #FutureOfWork #SkillsBasedHR #PeopleAnalytics #TalentManagement

Our team just left Josh Bersin's eye-opening keynote at #HRTech2024. Here's what caught our attentions: 📌 The Engagement Paradox 32% of employees are highly engaged, yet 52% are passive or looking to leave. Even more striking? 44% feel high stress daily. As HR leaders, we need to ask: Are we confusing engagement with burnout? 📌 The HR Tech Explosion Corporate apps have surged 57% in just three years. It's the "kitchen drawer problem" of HR - we have tools for everything, but are they making work easier or just more cluttered? 📌 AI Reshaping HR From L&D to recruitment, AI is not just augmenting our work - it's redefining it. The question isn't if AI will impact HR, but how we'll adapt our strategies to leverage it effectively. The takeaway? As HR tech evolves at lightning speed, our focus must remain on the human experience. Technology should simplify, not complicate. It should reduce stress, not add to it. What's your take? How is your organization balancing tech adoption with employee wellbeing? #FutureOfWork #EmployeeExperience #HRTech

HR Technology Conference & Exposition has been a whirlwind of insights! The Fuel50 team is buzzing with new perspectives on the future of work. Here's what's got us excited: ➡️ Skills development should be strategic The message is clear: skills development isn't just about accumulating abilities—it's about strategic growth that benefits both employees and organizations. As Dani Johnson put it, "Skills for skills' sake only is stupid." Instead, we need to show people a clear future within our companies. ➡️ AI is reshaping HR, but not replacing the human touch. In fact, when used wisely, AI enhances our ability to connect. The key? Transparency and guidance. As Sarah Morgan noted, "I'm guiding AI, not having it guide me." ➡️ DEI can also be fueled by skills Perhaps most importantly, skills-based approaches are emerging as a powerful tool for equity. They're "leveling the playing field" for marginalized groups and opening new paths for talent mobility. At Fuel50, these insights reinforce our mission. We're more committed than ever to empowering organizations with skills-based strategies and AI-driven talent intelligence that put people first. What's your take on these trends? How is your organization navigating the evolving landscape of skills and AI in HR? #FutureOfWork #AIinHR #SkillsDevelopment #TalentManagement

In case you've missed it, the Fuel50 team is having a blast at our booth (Booth 4316) at the HR Technology Conference & Exposition. 🎬 Love some Grease trivia? 👕 Want a cool "I got skills. They're multiplyin'" T-shirt? Follow the pink carpet to Booth 4316 and join the fun! But that's not all – we're showcasing some game-changing HR tech: 1️⃣ Get a sneak peek at our cutting-edge talent intelligence platform 2️⃣ Be among the first to explore our new Skill Inventory solution 3️⃣ Discover how we're helping organizations close the skills gap Join us now. #HRTech2024 #SkillsDevelopment #TalentMobility #FuelYourTalent