{"id":62688,"date":"2024-08-06T16:18:26","date_gmt":"2024-08-06T16:18:26","guid":{"rendered":"https:\/\/explore.local\/2024\/08\/06\/knowing-and-growing-the-essential-skills-your-business-needs\/"},"modified":"2025-04-04T20:39:47","modified_gmt":"2025-04-04T20:39:47","slug":"knowing-and-growing-the-essential-skills-your-business-needs","status":"publish","type":"post","link":"https:\/\/degreed.com\/experience\/fr\/blog\/knowing-and-growing-the-essential-skills-your-business-needs\/","title":{"rendered":"Knowing and Growing the Essential Skills Your Business Needs"},"content":{"rendered":"\n

Skills are the key to unlocking a wealth of positive business impacts like driving workforce change, scaling personalized development, improving organizational agility, and boosting employee performance\u2014and more and more your business should pay attention. <\/p>\n\n\n\n

With 98% of business executives planning to incorporate more skills-based approaches<\/a>, aggregating, analyzing, and acting on essential skills and skill data is no longer an option for L&D, HR, Talent, and Change Management professionals.<\/p>\n\n\n\n

Indeed, savvy organizations are already incorporating skills-based strategies, and they\u2019re seeing impressive results<\/a>. They\u2019re 98% more likely to retain high performers, 57% more likely to be agile, and 107% more likely to place talent efficiently.<\/p>\n\n\n\n

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It\u2019s time to put skills and skill data to work. <\/strong><\/h2>\n\n\n\n

Let\u2019s face it: harnessing skills is complicated when you\u2019re getting started. <\/p>\n\n\n\n

Luckily, Degreed has been working on this for years. Recognizing essential skills, making skills actionable, and driving impactful learning has underpinned the Degreed mission from Day One. For years, we’ve helped organizations simplify the process of identifying changes in their skill supplies<\/a>. We\u2019ve helped them scale learning through personalized development<\/a>. And we\u2019ve helped them measure change to show impact<\/a>.<\/p>\n\n\n\n

Degreed can help you too, by putting essential skills and skill data to work across your organization, so you can develop your workforce to be ready for anything.<\/p>\n\n\n\n

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Using Skills to\u2026 Pinpoint Needs<\/strong><\/h2>\n\n\n\n

To get started, you need skill data. But obtaining data on your workforce is easier said than done. That\u2019s why Degreed tackles this challenge in three ways.<\/p>\n\n\n\n

1. Inferring Skills<\/em><\/strong><\/h3>\n\n\n\n

Skills inference extracts information about your employees\u2019 skills from existing sources like resumes and job descriptions, so you can quickly and easily gather data on the skills of your workforce. We offer skills inference in multiple aspects of our solution.<\/p>\n\n\n\n

For example, when learners onboard with the Degreed LXP, we help populate their skill profiles by suggesting skills based on their job roles and resumes. And by using AI to automatically map skills to roles, we make it easy to get started identifying what skills you need for the roles at your organization. We\u2019re even exploring new AI skills inference capabilities<\/a> to discover hidden talent at your company.<\/p>\n\n\n\n

2. Ass<\/em><\/strong>essing Skills<\/strong><\/em><\/h3>\n\n\n\n

It’s important to understand not only what skills your workforce has, but at what levels of expertise. That\u2019s why we offer multiple methods to indicate proficiency levels, including Self Ratings, Manager Ratings, and Peer Ratings to provide a high fidelity view of your people\u2019s skills. Adaptive questionnaires provide another method for validating your people\u2019s skills and skill levels.<\/p>\n\n\n\n

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3. Managing Skill Data<\/em><\/strong><\/h3>\n\n\n\n

To manage skill data, you need tools to analyze and understand your skill supply, fill data gaps, manage your taxonomy, and normalize skill data and labels from across your ecosystem. Degreed Skills does exactly that.<\/p>\n\n\n\n

Degreed enables skill scale normalization. A skill scale measures skill proficiencies, typically using a numeric range. With Degreed you can normalize inconsistent scales from across your learning and HR tech stack\u2014so you can measure all skills against the same rubric: yours<\/em>. <\/p>\n\n\n\n

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