Some of America’s fastest-growing and most promising industries—from information technology to advanced manufacturing and health care—face a consistent and critical challenge: finding workers. Businesses in these sectors, and others, report that the average time to fill important jobs is already long and getting longer, resulting in missed growth opportunities, increasing wage pressure and escalating recruiting costs.
Skills-based hiring can address this situation to the benefit of both employers and job seekers. When employers hire based on skills, they post tactical, transparent job descriptions that enable them to hire candidates based on whether they have the skills to get a job done, instead of requiring particular credentials—which may or may not reflect an individual’s actual capabilities. This shift to a focus on skills has the potential to impact a range of key business metrics, from reducing the time-to-hire and decreasing hiring costs to making a positive impact in an employer’s community.