Everyone is talking about skills. Upskilling. Reskilling. Sourcing skills internally—or externally. Skills dominate the conversation in talent management. It’s for a simple reason: Business is in a state of flux, constantly shifting the mix of skills required from the workforce. And as requirements change, functional and HR leaders are challenged to get a clear picture of their workforce’s skills, predict impending changes, and then position the organization for the future.
Responding to the challenge effectively requires a comprehensive approach. Rather than addressing skills in isolation, we recommend connecting employees with relevant skills to the right opportunities. This skills-driven approach sets up the whole organization to succeed. When properly executed, it helps HR teams improve employee development, enables managers to better deploy the workforce’s skills, and provides recruiting with an AI-powered boost.
Becoming a skills-driven organization takes more than training and development programs
Upskilling and reskilling can be highly effective, but there are important considerations and a preferred order of operations to keep in mind. The first step is to understand your employees’ skill sets. This will allow you to make better-informed decisions related to hiring, redeploying resources, reskilling, and upskilling. You’ll then be able to boost productivity by aligning people’s skill sets with their work assignments—plus, uncover training and development opportunities. The knowledge you gain along the way will help you make more informed decisions regarding promotions and compensation, and enable you to take more strategic recruiting and hiring actions.
Oracle AI raises your skills game
Oracle Dynamic Skills, part of Oracle Fusion Cloud HCM, uses AI to create and maintain an accurate, updated view of the constantly-evolving skills across the market and within your organization. For example, within your org it spans skills-dependent processes throughout the employee lifecycle, identifying skills in open vacancies, matching candidates to the best roles, and ultimately supporting long-term career development. More specifically, it can:
- Encourage employee professional development: Employees receive recommendations for open jobs, careers, gigs, and career ambassadors in the Skills Center, which expands the ways they can explore, develop, and grow.
- Enable managers to optimize resources: The new Team Skills Center lets managers centrally monitor and assign core skills for their teams. This helps build an organization-wide skills inventory while positioning particularly valuable individuals for advancement and proactive retention measures.
- Address skills gaps: The Skills Advisor provides AI-powered skills recommendations for recruiters, hiring managers, and administrators developing job requisitions and job profiles. Surfacing these requirements during hiring cycles creates opportunities to address skills gaps (and anticipated skills gaps) separately from headcount decisions.
Coming soon
We continue to innovate with planned advances in Oracle Dynamic Skills. We’re adding a Skills Advisor for the Learning Catalog, configurability for skills validation credibility scores, and new administrative features like skill grouping and skills inventory curation.
Get started
Invest in your human capital as a competitive advantage—put the power of skills-driven practices to work for your organization to future-proof your workforce. Click the “Learn more” button to learn more about Oracle Dynamic skills and to receive a copy of “Get Started with Oracle Dynamic Skills.”
If you’re an Oracle Partner and want to learn more, visit the Oracle Partner Community.