"Skills-based hiring can’t be about what we don’t do; it has to be about what we do instead.” At the recent 2024 InStride IMPACT event in Washington DC, BGI’s President Matt Sigelman, raised crucial questions: "How do we define, assess, and evaluate skills?" His insights underscored significant benefits: "Workers in degree-optional roles see a 25% wage increase—truly life-changing. Companies embracing these practices also experience a 20% increase in three-year retention." A special thanks to Instride's CEO Craig Maloney and fellow speakers Chike Aguh, Maria Anguiano, Jane Thier, Jill Buban, and James Kvaal for their brilliant insights and discussion. #IMPACT2024 #SkillsBasedHiring #FutureOfWork #careers #humanresources
Matt Sigelman Great conversation starter here as skilling is a hot topic everywhere! Another key issue across all businesses is moving beyond assessing the "skill" to the actual value of the skill in practice....it helps naught to create skills frameworks without being outcome focused to enable effective prioritization of skills needs and performance management across an organization. To put it simply, we just aren't there yet, with too many taxonomies and divergent data harvesting and reporting methods....feels a bit like the computer market pre-Windows with a lot of opportunity but little real at-scale performance being derived. Based on experience, it seems that until we cultivate broadly accepted and used definitions of skills, proficiencies, capabilities, etc. we are all just hovering in a 'thought leadership' zone that is hard to action at scale. Looking forward to seeing us get there and hoping to help drive it from wherever I'm working :-)
John McLackland
4mo
Unless and until a superior crystal ball can be devised, which is subject to a rigorous assessment methodology, skills based hiring can be beneficial to assess the skills of candidates who left school with no qualifications. But, unless and until such a rigorous scientific methodology is validated and authenticated, it would be disingenuous to the State for traditional mechanisms of skills assessment to be ignored as an irrelevancy.
Nina Amey
3mo
Skill based hiring and reskilling is the key to a sustainable talent pipeline. I am interested in discovering the roadblocks to this process in the private sector.
As always you are insightful!
Excellent insights and framework for building career mobility!
Craig Maloney
4mo
The Burning Glass Institute and Matt Sigelman - we agree! Thank you for the great data and even better discussion - very impactful.
We’re proud to have hosted such a forward-thinking discussion at #IMPACT2024. Let’s continue to redefine the future of work together! 👏