From the course: Creating a Skills-Based Organization
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What is skills-based hiring?
From the course: Creating a Skills-Based Organization
What is skills-based hiring?
- Skills-based hiring is a transformation in how we look at employee value. It encourages us to look past through traditional requirements related to titles, education, and experience, to instead focus on what skills an individual has that can be applied today. This approach will also help with your retention efforts. The highest rate of turnover occurs in the first 90 days of employment. If employees don't have the skills needed or can't be trained quickly, then they'll most likely be out of the door in short order. A skills-based hiring approach will help to ensure that you're hiring qualified people, thereby lowering your turnover and keeping employees in roles they're most suited to. When you're getting started, put skill testing at the beginning of the hiring process. For example, years ago, I helped a real estate investment firm hire a new chief financial officer. Since the applicants were all CFOs, we first…
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