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A New Way to Attract and Retain the Best Talent

Name: A New Way to Attract and Retain the Best Talent
Start: 2023-01-17 15:00
End: 2023-01-17 16:00
Location: Davos, Switzerland

January 17, 2023

The skills-based organisation: a radical transformation in hiring, development and retention

Online briefing | Davos, Switzerland

Presented by

In Partnership with

How does the shift towards becoming a skills-based organisation take place in practice?

In an increasingly competitive global talent landscape, more and more companies are rethinking their approach to talent management and human capital. Organisations are placing skills and human capabilities, instead of university degrees and educational qualifications, at the centre of their talent strategies.

These skills-based organisations are defining work in a more agile way, matching employees’ skills to customised projects, tasks and opportunities that fit their unique talents and the needs of the business. When a company adopts this approach, workers are no longer confined to their roles but are seen as individuals with distinctive capacities and skills whose talent can be deployed fluidly across the organisation. This allows organisations to pivot and respond to changes quickly and smoothly, encouraging employees to try out new roles and evolve their interests and skills. This kind of internal mobility fosters inclusions and helps retain the best talent.

How does the shift towards becoming a skills-based organisation take place in practice? What is the role of technology – AI and ML in particular – in enabling the switch? How do hiring, sourcing, career development and retention practices need to evolve to make the skill-centred proposition a reality? What kind of structures, frameworks and strategies are required to successfully transition to a skills-based model?

This Financial Times panel session, organised in partnership with Workday, will discuss how organisations are moving towards a skills-based model, how they are operationalising this transformation and the role of AI and ML in this evolution. Focus will be placed on the governance, culture and technology shifts needed to drive this reorganisation. This high-level event will take place on the side-lines of the World Economic forum Annual Meeting in Davos.