Strategic Shift: Skills-Powered Organizations in the Age of AI
Today’s workforce challenges
As technology advances, organizations must adapt to new work options like GenAI, machine learning and automation. To succeed, companies need the knowledge and skills to strategically deploy and effectively use these technologies, while also understanding their impact on human work.
Benefits of a skills-powered approach
When implemented correctly, a skills-based approach offers a wealth of strategic and economic benefits.
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For employers
- Stronger recruiting, hiring, and retention capabilities
- Increased workforce productivity and agility
- More effective and efficient talent development and deployment
- Optimization of overall labor costs
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For employees
- Greater transparency around career progression requirements
- Expanded, more democratic access to career
- Improved access to training for developing marketable skills
- Increased workforce engagement
By making skills the backbone of their talent practices, organizations can better allocate people to projects, help employees explore different career paths, and gain the flexibility to allocate their capital more effectively as their needs change.
Professor of Strategic Human Resources, Cornell University
Strategic Shift: Skills-Powered Organizations in the Age of AI
Six in 10 workers require additional training before 2027. Find out how organizations can bridge skills gaps through data-driven strategies, buy-in, communication, goals and training.
Checklist: Building a skills-powered organization
✓ Create a framework
✓ Decide on the technology
✓ Develop a skills taxonomy
✓ Emphasize upskilling and reskilling
✓ Identify key outcomes and desired experiences
✓ Develop a change management plan
✓ Start small
✓ Document your progress
✓ Keep expanding your efforts
✓ Integrate it into the business
Mercer is proud to sponsor MIT SMR Connections for this skills strategy guide.
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