FEATURE
DRIVING SUCCESS : HOW A SKILLS-BASED APPROACH BOOSTS BUSINESS PERFORMANCE
Although financial metrics are critical to business , hard and soft skills are also essential to growth and success . According to Deloitte , organisations that embed a skillsbased approach are 63 % more likely to achieve results than those that have not adopted skills-based practices . Nick Gallimore , Group Managing Director at The Ingenuity Group , explores which skills-based methods companies can adopt to ensure business growth .
In the past year , there have been mixed messages regarding the job market . Forbes reported that 75 % of employers globally are struggling with filling roles , while research from Vistage found that CEOs are optimistic about the recruitment landscape . I tend to agree with the latter . While many have convinced themselves that there is a shortage of talent , I believe there ’ s actually an abundance . by the impact of COVID , recession and rising inflation , companies need to be adaptable when it comes to building teams . To address this , I recommend adopting a skills-based approach .
According to Deloitte , organisations that embed a skills-based approach are 63 % more likely to achieve results than those that have not adopted the practice .
At The Ingenuity Group , we have a history of prioritising skills when growing our team and have seen numerous benefits when it comes to retention , greater diversity of thought and cultivating a positive culture – all crucial factors in driving business performance .
The concept explained
So , what ’ s going wrong ? The problem is leaders are focusing on the wrong things . In today ’ s rapidly changing business environment , shaped
To really understand the value of a skills-based approach , it ’ s important to clarify what it means and how it differs from other methods .
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