A skills-based approach to employment creates a more equitable job market for all. In this deck, learn how your organization can become a skills-based employer by posting positions that reflect the skills you need, selecting candidates based on their skills, and helping incumbent employees develop new skills.
View related videos:
Welcome to the Future of HCM https://www.youtube.com/watch?v=lpuYpJWD58k
2. Optimize Talent through Skills-
Based Employment
Looking Forward with Workday is a webinar series designed to give you insight into
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5. Workday Confidential
Nancy Weitl
Senior Director, Technology
& Social Partnerships
Workday
Marieke Shukla
Principal Solution
Marketing Manager
Workday
Mary-Kate Morley Ryan
Principal Director,
Future Workforce Practice
Accenture
Stephanie Hinds
Principal Solution
Marketing Engineer
Workday
6. Agenda
Workday Confidential
01 The Shift to Skills-Based Employment
02 How Accenture is Helping Organizations Evolve
03 Reskill and Optimize Talent Solutions
04 Product Demonstration
05 Q&A
9. Skills Challenge Accelerated
Of jobs will
required
different skills
in the next
three years
Workers will
need reskilling
by 2030
1B
Source: World Economic Forum
- 2020
12. Recruiting Learning
How does Workday think about
Skills-Based Employment?
Skills based talent practices span the full worker lifecycle - from the job seeker
through internal mobility and employee development - focusing on the worker’s
skills and capabilities rather than their formal education, and/or number of years of
previous work experience.
Performance Enablement Career Development
13. Source: “Reach for the STARs: The Potential of America’s Untapped Talent Pool.” Published by Opportunity@Work and Accenture, March 2020
A skills-based approach to employment “creates
a more equitable job market that "screens in" for
skills rather than "screening out" those that lack
traditional credentials like four-year degrees, a
barrier which can disproportionately affect adults
returning to the workforce or changing jobs, people
of color or underrepresented minorities, veterans,
and the economically disadvantaged.”
14. Out of 161 million active adult workers in the
U.S., 60 million have BA degrees, and 14 million
do not have a high school diploma
60% of the U.S. adult workforce does not have a
four-year college degree
74% of new jobs between 2008-2017 were in
occupations where employers typically require a 4-
year college degree
Source: “Reach for the STARs: The Potential of America’s Untapped Talent Pool.” Published by Opportunity@Work and Accenture, March
15. Benefits of Skills-Based Practices
Focus on skills can
reduce bias and
result in 30% more
qualified diverse
candidates
Retain employees
with skills
development
20% of employees
quit for lack career
development
opportunities
Unlocks opportunity
for those without a
four-year degree
Increase
diversity in the
workplace
Deepen the
talent pool for
employers
Build a culture
of lifelong
learning
Support training
throughout a
worker’s career to
adapt to trends
16. Skills in the Talent Lifecycle
Workday Confidential
Recruit &
Onboard
Identify, source, fill,
and onboard the best
candidates for critical
skill needs
Assess &
Perform
Assess and measure
skills capabilities
against business needs
Reward & Pay
Reward and pay for
skills expertise and
upskilling behaviors,
supporting equitable
comp
Career &
Mobility
Build skills and a culture
of continuous learning,
internal mobility, and
increase retention
Resource &
Redeploy
Quickly identify,
schedule, and allocate
resources based on
skills needs
Analyze &
Plan
Analyze skills
capacity and gaps to
better plan for build,
buy, or borrow
decisions
Forecast &
Benchmark
View and predict market
trends in order to plan
for emerging skill needs
23. Skills Cloud
Your foundation to succeed
• Intelligence to power skills
based matching
• 45,000 curated skills,
understanding over 250,000
synonyms
• Inference from text,
certifications, job titles and
skill to skill
• Globalized for top
languages
Skills:
Inference
Skills: Power
of One
Skills:
Verification
Skills:
Ontology
24. Skills Cloud
Your foundation to succeed
• Intelligence to power skills
based matching
• 45,000 curated skills,
understanding over 250,000
synonyms
• Inference from text,
certifications, job titles and
skill to skill
• Globalized for top
languages
25. Workday Confidential
Recruit &
Onboard
Identify, source, fill,
and onboard the best
candidates for critical
skill needs
Assess &
Perform
Assess and measure
skills capabilities
against business needs
Reward & Pay
Reward and pay for
skills expertise and
upskilling behaviors,
supporting equitable
comp
Career &
Mobility
Build skills and a culture
of continuous learning,
internal mobility, and
increase retention
Resource &
Redeploy
Quickly identify,
schedule, and allocate
resources based on
skills needs
Analyze &
Plan
Analyze skills
capacity and gaps to
better plan for build,
buy, or borrow
decisions
Forecast &
Benchmark
View and predict market
trends in order to plan
for emerging skill needs
Skills in the Talent Lifecycle
26. Have the insight to know the
skills and capabilities of your
workforce
Create a personalized and
curated experience for your
employees
Provide the tools to respond
with agility to changing
business needs
Reskill and Optimize Talent
Understand Engage Adapt
27. Workday Confidential
Recruit & Onboard
Skills Cloud to Understand
Assess & Perform Career & Mobility
Skills Miner
Skill Suggestions
Candidate
Skills Match
Masked Candidate
Screening
Skills Based
Assessments
People
Experience
Skills in Learning
Talent
Marketplace
Skill Miner
Skill Suggestions
Skill Verification
Skill Gaps
People
Experience
Skills
Endorsements
Skill Level
Skills in Learning
Skill Gaps
People
Experience
Critical Skills
Skill Level
Suggested Jobs
Skills in Learning
Talent
Marketplace
Career Hub
Skills Cloud to Understand, Engage
Skills Cloud to Understand, Engage and Adapt
Skills Cloud
29. Core Human
Resources
Talent
Management
Payroll and Workforce
Management
Planning
Analytics and Benchmarking
Globalization
Ability to Adapt to Disruption
Redeploy and Realign Internal Talent
Mitigate Bias
Understanding the Skills and
Capabilities of Your Workforce
Fuel Development of Your People
Skills
Foundation
Enables
Outcomes
30. Additional Resources
Guidance, case studies, tools and tips to help
you adopt a more inclusive and effective
sourcing and hiring strategy including:
• Writing inclusive, skills-based job postings
• Sourcing a talented and diverse applicant pool
• Screening to identify most-qualified candidates
• Inclusive, skills-based interviewing and selection
to improve hiring and increase diversity
• Skills-based onboarding to get new hires up to
speed and started on the right foot
https://www.markle.org/employer-toolkit
31. Additional Resources
• Overview of Workday’s approach to skills-
based employment
• Includes key products, features and
benefits to navigate this business
transformation journey.
• Guidance to achieve business outcomes
including:
‒ Create engaging candidate experiences
‒ Reimagine sourcing to access diverse talent
‒ Screen to identify most qualified candidates
‒ Support internal mobility
‒ Foster lifelong learning
33. Thank you for joining us!
Join us in these upcoming sessions:
Workday Confidential
February 25, 2021
Thursday 10 AM PT
Choose Your Own Upgrade:
Why You Don’t Want a Choice
for When You Upgrade
March 2, 2021
Tuesday 10 AM PT
How to Get “Rolling” with
Monthly Forecasts
March 4, 2021
Thursday 10 AM PT
Digitize Your Workforce
Operations for Accuracy,
Flexibility, and Transparency
March 9, 2021
Tuesday 10 AM PT
Accelerating your Digital Finance
Transformation Journey with
Deloitte & Workday
March 16, 2021
Tuesday 10 AM PT
Diversity & Inclusion: Manage
Globally, Thrive Locally
March 18, 2021
Thursday 10 AM PT
Why HR Service Delivery is
Pivotal for Employee Experience