Skills-Based Hiring: The Future of Recruitment?
Skills-based hiring has boomed in popularity following the talent demands left by the 2020 pandemic, forcing employers to broaden their job requirements and widen their talent pools. The diminishing focus on degrees and other qualifications as tools for measuring suitability has transformed the job market, encouraging hiring diversity amongst employers and recruiters alike.
What is skills-based hiring?
Skills-based hiring takes the focus off of tangible qualifications and employment history, instead spotlighting the transferable skills developed in a candidate’s previous roles. This recruitment prevents candidates from being held back by their lack of specific experience, and instead allows them to thrive using the skills they have accumulated throughout their working lives.
What is skills-based hiring?
Skills-based hiring takes the focus off of tangible qualifications and employment history, instead spotlighting the transferable skills developed in a candidate’s previous roles. This recruitment prevents candidates from being held back by their lack of specific experience, and instead allows them to thrive using the skills they have accumulated throughout their working lives.
Whilst on the point of financial implications, this method is proven to reduce the cost of the hiring process, as it reduces the hiring time dramatically, 82% reduction on average, finding the right person for the vacancy in a cost effective and timely manner. Test Gorilla’s study indicates that by using this process, over a third of employers were able to reduce their cost-to-hire by almost 20% on average. In addition, the likelihood of mis-hires was reduced by 88%, preventing re-hiring costs and demonstrating the power of this approach.
How does this affect me as a candidate?
The world of job-hunting is scary, and keeping up with hiring trends can be exhausting, so what can you do to appeal to employers currently looking for skilled candidates?
Firstly, look through your existing CV and annotate all of the skills you have acquired across your roles. You can do this exercise no matter your level of employment, whether you are a waiter or a company director.
Secondly, make the most of your LinkedIn profile! LinkedIn used to be solely a job seekers site, and has transformed into a wonderful social platform used by over 900 million people! There is still a strong hiring element within LinkedIn, so make sure that your profile highlights your key skills and personality, think about how employers would see your profile and tailor it accordingly.Finally, if you are unsure what it is that you want to go into, and want all of the opportunities that skills-based hiring can provide, make a list of your skills and rank them. This exercise forces you to evaluate your key strengths, as well as thinking about where you may have learned or developed them in your previous employment history.
How can Brite help?
Whether you are a client or a candidate, we have you covered. Our team are experts in various hiring methods, including skills-based hiring, and have used this method with many clients looking to broaden their talent pool and hiring practices.We help candidates by reading between the lines, searching for transferrable skills to make sure we find the perfect role to suit your skill set, and we know all of our roles inside out, to ensure that perfect fit.
So, whether you are looking for your newest team member, or you’re on the search for your perfect role, get in touch today and let Brite support your search!