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53% of organizations are identifying new skills needed for their post-COVID operations

Challenges

 

  • Identifying current bench strength and skills gaps
  • Working to restructure jobs around automation
  • Prioritizing learning and development spend
  • Offering flexible careers across the organization
  • 43% of organizations don't have an approach for classifying skills at any level of the company


With transformation an everyday reality, the opportunities around skills-based talent practices are unprecedented. Without accelerating progress on their skills agenda, organizations won’t have the talent to take advantage of emerging new jobs. Leading companies are re-inventing their talent and reward programs around skills.


Strategic workforce planning

Apply internal and external supply and demand skills research data for enhanced insights and redefined talent/skills pools

Reskilling

Conduct rapid reskilling, targeted by robust assessment capability, without laborious current state analysis

Skills assessment

Measure skills and capabilities objectively for talent acquisition, development, succession or a broader people strategy, based on your skill framework


Pay-for-skills

Invest in future skills and reinvent pay programs with AI-driven pay decisions based on skill demand, supply and criticality

Performance management

Know that agile environments require rapid, multi-sourced performance feedback and assessment, so skill proficiency and development activities are even more critical

Career development/
pathing

Enable employees’ ownership of their careers through skill mapping and adjacencies, which shine a light on actionable career paths


Succession planning

Ensure succession pools are informed by individual skills to expand potential talent pipelines and avoid job structures that may limit diversity

Internal talent marketplace

Deploy talent to gigs, projects, experiences based on skills supply and demand, promoting internal mobility and diversity of thinking and experiences across the organization

Talent acquisition

Select candidates based on skills, using AI-driven skill inferences and simple digital assessment tools to improve the quality of the process and the candidate experience



Skills Pricer


Self-service web application that reports which skills influence the pay of a selected job, as well as assigning a value to those skills. Additionally Skills Pricer allows you to customise a benchmark job to reflect your own unique skills mix, and see how that impacts on pay for the new role.

 

Skills Library


Incorporate skills into your talent strategy quickly and easily with Mercer Skills Library Skills Library offers a rapid short-cut to deploying a skills taxonomy that is based on market data — the first step in adding skills to your organization’s pay strategy.

 



Skills-based talent practices continuum

Skills based talent practices continuum


Is your organization ready to advance skills-based practices?

 

Take this diagnostic to assess the maturity of skills structures and reskilling processes in your organization. Identify areas of opportunities and get tips on next steps instantly!

 


Connect with our experts to find out more