Take a skills-based approach to workforce planning

1. Skills-based organisations outperform their peers

According to a major study by Deloitte, skills-based organisations are:

107%

more likely to place talent effectively

98%

more likely to retain top performers

98%

more likely to prioritise growth

63%

more likely to achieve results than those that have not adopted skills-based practices.

57%

more likely to effectively anticipate and respond to change

52%

more likely to innovate

2. Poor staffing choices make or break projects

Nearly 2 out of 3 software and IT projects are not fully successful because of poor staffing choices, according to the CHAOS 2020 report that studied over 50,000 projects. That is not always a talent shortage problem. It is also a talent visibility problem. Many times, organisations have the right people – they just cannot find them fast enough, or do not know they have them at all.
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The cost shows up differently depending on how you measure it. For a manager running a delivery team, it is a project that slips. For an HR leader, it is a hire that was never necessary. For a consulting firm of 400 people billing at €120 per hour, a single percentage point improvement in utilisation represents over €600,000 in annual revenue recovered. At 3%, that is more than €2.5 million – from people who were already on the payroll.
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Skills visibility is not a people initiative. It is a commercial one.

3. Skills management drives productivity

4. Engaged employees are more productive employees