In this episode of Digital HR Leaders, David will be discussing the past, present, and future of talent marketplaces with Jeff Schwartz, VP of Insights and Impact at Gloat and Senior Advisor of Future of Work at Deloittes, and Jeroen Wels, Founder of The People@Work Innovation Collective.
With their extensive experience and insights, this conversation will provide valuable advice for organizations to start thinking and planning for the future of their businesses. While also adding value for potential investors looking to understand the cultural change we are seeing.
Key takeaways you can find listening to this episode:
- Organizations are grappling with how to plan for the future given technological advancements, talent shortages, and changing employee expectations.
- Jeff Schwartz and Jeroen Wels offer advice on developing people strategies for the future of work.
- The talent marketplace is a new approach to building and utilizing workforce skills and interests, using a marketplace model versus an administrative model.
- Talent marketplaces are enablers for agility, resource-shifting, and the development of people, and they can help address challenges related to constantly changing work, the need for new skills, and the desire for growth opportunities.
- Talent marketplaces can connect internal and external talent pools, creating more opportunities for both talent and companies.
- Adopting a talent marketplace requires a different way of thinking, operating, and managing, and it needs transformation and change management.
- Starting small is key to learning and starting the transformation to a talent marketplace, but it requires a culture shift towards democratizing opportunities.
- Companies that have successfully adopted talent marketplaces have used agile strategies and taken an MVP (minimum viable product) approach.
- Supporting employees with upskilling and reskilling through flexible opportunities and budgets can be more cost-effective than recruiting new talent.
- Digital HR safaris can help explore startups that apply technology to accelerate value creation rather than efficiency building.
- A blockchain-based digital skill and experiences credential wallet can break down barriers and create a transportable digital wallet.
- TestGorilla offers a solution to select job candidates based on skills rather than job postings.
- To improve mobility and agency, integrate a journey and marketplace for projects, gigs, roles, mentors, and learning.
- Starting a talent marketplace and associated skills intelligence should be a priority for companies in 2023, rather than putting things on the roadmap for 2024 or 2025.
- Jeff Schwartz's book, Workforce Ecosystems, will be released in the first week of April from MIT Press.
Listen to the full episode: HERE